Trex Company, Inc. (NYSE:TREX) Given Average Recommendation of “Hold” by Analysts

Trex Company, Inc. (NYSE:TREX) has received a consensus recommendation of “Hold” from the sixteen research firms that are presently covering the company, MarketBeat.com reports. One equities research analyst has rated the stock with a sell recommendation, nine have given a hold recommendation and six have issued a buy recommendation on the company. The average 1 year price objective among brokerages that have covered the stock in the last year is $79.81.

TREX has been the topic of several research reports. Jefferies Financial Group cut their target price on Trex from $77.00 to $73.00 and set a “hold” rating on the stock in a research report on Wednesday, October 9th. DA Davidson increased their target price on Trex from $70.00 to $74.00 and gave the stock a “neutral” rating in a research report on Tuesday, October 29th. Citigroup cut their target price on Trex from $84.00 to $78.00 and set a “neutral” rating on the stock in a research report on Monday, January 6th. BMO Capital Markets increased their target price on Trex from $67.00 to $72.00 and gave the stock a “market perform” rating in a research report on Tuesday, October 29th. Finally, Robert W. Baird increased their target price on Trex from $70.00 to $78.00 and gave the stock a “neutral” rating in a research report on Tuesday, October 29th.

Trex Stock Down 1.2 %

TREX stock opened at $71.97 on Thursday. Trex has a 52-week low of $58.68 and a 52-week high of $101.91. The stock’s fifty day simple moving average is $72.49 and its 200-day simple moving average is $69.75. The stock has a market capitalization of $7.71 billion, a price-to-earnings ratio of 32.86, a price-to-earnings-growth ratio of 2.80 and a beta of 1.51.

Hedge Funds Weigh In On Trex

A number of hedge funds have recently bought and sold shares of TREX. Wilmington Savings Fund Society FSB acquired a new position in Trex in the third quarter worth about $30,000. Mather Group LLC. grew its stake in Trex by 73.5% in the fourth quarter. Mather Group LLC. now owns 451 shares of the construction company’s stock worth $31,000 after purchasing an additional 191 shares in the last quarter. Avior Wealth Management LLC grew its stake in Trex by 1,212.8% in the fourth quarter. Avior Wealth Management LLC now owns 512 shares of the construction company’s stock worth $35,000 after purchasing an additional 473 shares in the last quarter. Eagle Bay Advisors LLC acquired a new position in Trex in the fourth quarter worth about $41,000. Finally, UMB Bank n.a. grew its stake in Trex by 150.8% in the third quarter. UMB Bank n.a. now owns 652 shares of the construction company’s stock worth $43,000 after purchasing an additional 392 shares in the last quarter. 95.96% of the stock is currently owned by institutional investors and hedge funds.

Trex Company Profile

Trex Company, Inc manufactures and distributes composite decking, railing, and outdoor living products and accessories for residential and commercial markets in the United States. It offers decking products and accessories under the names Trex Transcend, Trex Select, Trex Signature, Trex Transcend Lineage, and Trex Enhance for protection against fading, staining, mold, and scratching; Trex Hideaway, a hidden fastening system; and Trex DeckLighting, a LED dimmable deck lighting for use on posts, floors, and steps.