Louisiana State Employees Retirement System Has $2.05 Million Stock Holdings in Trex Company, Inc. (NYSE:TREX)

Louisiana State Employees Retirement System lowered its position in Trex Company, Inc. (NYSE:TREX) by 1.3% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 29,700 shares of the construction company’s stock after selling 400 shares during the quarter. Louisiana State Employees Retirement System’s holdings in Trex were worth $2,050,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also added to or reduced their stakes in the company. Wasatch Advisors LP lifted its holdings in shares of Trex by 33.2% during the third quarter. Wasatch Advisors LP now owns 4,076,408 shares of the construction company’s stock worth $271,407,000 after purchasing an additional 1,015,516 shares during the period. Jacobs Levy Equity Management Inc. lifted its holdings in Trex by 6,093.3% during the 3rd quarter. Jacobs Levy Equity Management Inc. now owns 853,620 shares of the construction company’s stock worth $56,834,000 after buying an additional 839,837 shares during the period. Point72 Asset Management L.P. grew its position in shares of Trex by 100.0% in the 3rd quarter. Point72 Asset Management L.P. now owns 1,022,459 shares of the construction company’s stock valued at $68,075,000 after buying an additional 511,163 shares during the last quarter. The Manufacturers Life Insurance Company increased its stake in shares of Trex by 462.4% in the third quarter. The Manufacturers Life Insurance Company now owns 529,146 shares of the construction company’s stock valued at $35,231,000 after buying an additional 435,055 shares during the period. Finally, JPMorgan Chase & Co. raised its position in shares of Trex by 97.6% during the third quarter. JPMorgan Chase & Co. now owns 797,513 shares of the construction company’s stock worth $53,098,000 after acquiring an additional 393,850 shares during the last quarter. Institutional investors own 95.96% of the company’s stock.

Wall Street Analysts Forecast Growth

TREX has been the topic of several analyst reports. StockNews.com cut Trex from a “hold” rating to a “sell” rating in a report on Tuesday, October 29th. DA Davidson increased their price objective on shares of Trex from $70.00 to $74.00 and gave the stock a “neutral” rating in a research report on Tuesday, October 29th. Barclays dropped their target price on shares of Trex from $68.00 to $67.00 and set an “underweight” rating on the stock in a report on Tuesday, October 29th. 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 report on Tuesday, October 29th. Finally, Citigroup dropped their price objective on Trex from $84.00 to $78.00 and set a “neutral” rating on the stock in a research note on Monday, January 6th. Two analysts have rated the stock with a sell rating, nine have issued a hold rating and six have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Trex presently has a consensus rating of “Hold” and a consensus target price of $79.81.

Trex Stock Performance

Shares of NYSE TREX opened at $67.25 on Friday. The stock has a market cap of $7.20 billion, a price-to-earnings ratio of 30.71, a PEG ratio of 2.82 and a beta of 1.51. Trex Company, Inc. has a fifty-two week low of $58.68 and a fifty-two week high of $101.91. The firm’s 50-day simple moving average is $71.44 and its 200 day simple moving average is $69.24.

About Trex

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.