12,430 Shares in Trex Company, Inc. $TREX Bought by Equitable Trust Co.

Equitable Trust Co. bought a new stake in Trex Company, Inc. (NYSE:TREX) in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 12,430 shares of the construction company’s stock, valued at approximately $642,000.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in TREX. AQR Capital Management LLC grew its holdings in shares of Trex by 3.2% in the 1st quarter. AQR Capital Management LLC now owns 5,642 shares of the construction company’s stock valued at $320,000 after acquiring an additional 177 shares in the last quarter. Goldman Sachs Group Inc. boosted its position in Trex by 91.3% during the first quarter. Goldman Sachs Group Inc. now owns 822,772 shares of the construction company’s stock valued at $47,803,000 after purchasing an additional 392,715 shares during the last quarter. CWM LLC grew 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 purchasing an additional 164 shares in the last quarter. Envestnet Asset Management Inc. grew its stake in Trex by 4.2% in the second quarter. Envestnet Asset Management Inc. now owns 385,301 shares of the construction company’s stock valued at $20,953,000 after purchasing an additional 15,476 shares in the last quarter. Finally, Teacher Retirement System of Texas increased its position in shares of Trex by 3.9% during the 2nd quarter. Teacher Retirement System of Texas now owns 16,294 shares of the construction company’s stock worth $886,000 after purchasing an additional 615 shares during the last quarter. 95.96% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

TREX has been the subject of several recent analyst reports. The Goldman Sachs Group set a $54.00 price objective on Trex and gave the company a “buy” rating in a report on Tuesday, December 16th. Weiss Ratings reaffirmed a “sell (d+)” rating on shares of Trex in a research report on Monday, December 29th. B. Riley Financial reissued a “buy” rating and issued a $57.00 price objective (down previously from $80.00) on shares of Trex in a research report on Wednesday, November 5th. Citigroup dropped their target price on shares of Trex from $52.00 to $39.00 and set a “neutral” rating on the stock in a report on Monday, December 15th. Finally, Truist Financial dropped their target price on shares of Trex from $75.00 to $50.00 and set a “buy” rating on the stock in a report on Wednesday, November 5th. Nine research analysts have rated the stock with a Buy rating, eleven have given a Hold rating and three have issued a Sell rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $47.38.

Trex Stock Performance

Shares of TREX opened at $40.25 on Tuesday. The firm has a market cap of $4.32 billion, a P/E ratio of 21.87 and a beta of 1.58. Trex Company, Inc. has a 52 week low of $29.77 and a 52 week high of $68.78. The firm’s 50-day simple moving average is $40.16 and its 200 day simple moving average is $45.77.

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.