Trex Company, Inc. $TREX Shares Sold by Shell Asset Management Co.

Shell Asset Management Co. reduced its stake in shares of Trex Company, Inc. (NYSE:TREX) by 96.6% during the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 774 shares of the construction company’s stock after selling 22,101 shares during the period. Shell Asset Management Co.’s holdings in Trex were worth $40,000 as of its most recent SEC filing.

A number of other institutional investors have also recently added to or reduced their stakes in TREX. Steigerwald Gordon & Koch Inc. acquired a new position in shares of Trex in the third quarter worth about $31,000. Caitong International Asset Management Co. Ltd bought a new stake in shares of Trex in the 2nd quarter worth approximately $60,000. CWM LLC lifted its stake in Trex by 16.8% in the second quarter. CWM LLC now owns 1,141 shares of the construction company’s stock valued at $62,000 after buying an additional 164 shares during the last quarter. Hantz Financial Services Inc. lifted its position in Trex by 10,133.3% in the 2nd quarter. Hantz Financial Services Inc. now owns 1,228 shares of the construction company’s stock valued at $67,000 after purchasing an additional 1,216 shares during the last quarter. Finally, GAMMA Investing LLC raised its holdings in shares of Trex by 37.1% during the third quarter. GAMMA Investing LLC now owns 1,999 shares of the construction company’s stock valued at $103,000 after buying an additional 541 shares during the last quarter. Institutional investors and hedge funds own 95.96% of the company’s stock.

Trex Price Performance

TREX stock opened at $41.71 on Monday. The stock has a market capitalization of $4.47 billion, a price-to-earnings ratio of 22.67 and a beta of 1.58. The company has a 50-day moving average of $40.05 and a two-hundred day moving average of $45.92. Trex Company, Inc. has a 52-week low of $29.77 and a 52-week high of $68.78.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in on TREX shares. Zelman & Associates cut shares of Trex from an “outperform” rating to a “neutral” rating in a research note on Wednesday, November 5th. Weiss Ratings reiterated a “sell (d+)” rating on shares of Trex in a research report on Monday, December 29th. BMO Capital Markets reaffirmed an “outperform” rating and set a $54.00 price objective on shares of Trex in a research note on Thursday, January 8th. DA Davidson upgraded Trex from a “neutral” rating to a “buy” rating and lifted their price target for the company from $45.00 to $50.00 in a report on Monday, January 12th. Finally, Vertical Research downgraded shares of Trex from a “buy” rating to a “hold” rating and set a $32.00 price objective on the stock. in a research report on Wednesday, November 5th. Nine research analysts have rated the stock with a Buy rating, eleven have assigned a Hold rating and three have given a Sell rating to the company’s stock. According to MarketBeat, Trex has a consensus rating of “Hold” and a consensus price target of $47.25.

Trex Company Profile

Trex Company, Inc is a leading manufacturer of wood-alternative decking and railing systems designed for residential and commercial outdoor living environments. The company’s core offerings feature composite decking products made from a proprietary blend of recycled wood fibers and plastic film, which deliver enhanced durability, resistance to rot and insect damage, and low maintenance compared to traditional wood. Trex also provides matching railing, lighting, fencing and cladding solutions that allow customers to create cohesive, high-performance outdoor spaces.

Trex’s product portfolio is organized into multiple performance tiers, including premium, mid-range and value-oriented lines.