Trex Company, Inc. (NYSE:TREX) Shares Acquired by Empower Advisory Group LLC

Empower Advisory Group LLC lifted its position in shares of Trex Company, Inc. (NYSE:TREX) by 7.0% during the 4th quarter, HoldingsChannel.com reports. The fund owned 113,838 shares of the construction company’s stock after acquiring an additional 7,416 shares during the quarter. Empower Advisory Group LLC’s holdings in Trex were worth $7,858,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also made changes to their positions in the company. Wilmington Savings Fund Society FSB acquired a new stake in shares of Trex during the 3rd quarter valued at approximately $30,000. Mather Group LLC. increased its position 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 buying an additional 191 shares during the period. Avior Wealth Management LLC increased its position 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 buying an additional 473 shares during the period. Eagle Bay Advisors LLC acquired a new stake in Trex in the fourth quarter worth $41,000. Finally, V Square Quantitative Management LLC increased its position in Trex by 47.4% in the fourth quarter. V Square Quantitative Management LLC now owns 628 shares of the construction company’s stock worth $43,000 after buying an additional 202 shares during the period. 95.96% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

TREX has been the topic of several analyst reports. Barclays dropped their target price on Trex from $68.00 to $67.00 and set an “underweight” rating on the stock in a research report on Tuesday, October 29th. 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 dropped 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. StockNews.com lowered Trex from a “hold” rating to a “sell” rating in a research report on Tuesday, October 29th. Finally, BMO Capital Markets increased their price target on Trex from $67.00 to $72.00 and gave the stock a “market perform” rating in a research note on Tuesday, October 29th. Two analysts have rated the stock with a sell rating, nine have assigned a hold rating and six have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $79.81.

Trex Stock Down 0.7 %

Shares of TREX stock opened at $66.86 on Wednesday. The stock has a 50-day simple moving average of $71.22 and a 200 day simple moving average of $68.94. Trex Company, Inc. has a fifty-two week low of $58.68 and a fifty-two week high of $101.91. The stock has a market capitalization of $7.16 billion, a P/E ratio of 30.53, a P/E/G ratio of 2.82 and a beta of 1.51.

Trex 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.