Trex Company, Inc. (NYSE:TREX) Shares Sold by Stephens Investment Management Group LLC

Stephens Investment Management Group LLC lessened its stake in Trex Company, Inc. (NYSE:TREX) by 0.7% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 742,876 shares of the construction company’s stock after selling 5,218 shares during the quarter. Stephens Investment Management Group LLC owned 0.69% of Trex worth $51,281,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in TREX. Mather Group LLC. increased its stake in Trex by 73.5% in the 4th quarter. Mather Group LLC. now owns 451 shares of the construction company’s stock valued at $31,000 after purchasing an additional 191 shares in the last quarter. Trust Point Inc. purchased a new position in Trex during the 4th quarter valued at about $231,000. Conestoga Capital Advisors LLC raised its position in Trex by 0.9% during the fourth quarter. Conestoga Capital Advisors LLC now owns 1,967,748 shares of the construction company’s stock worth $135,834,000 after acquiring an additional 17,405 shares during the last quarter. Boston Trust Walden Corp purchased a new stake in shares of Trex in the fourth quarter valued at about $207,000. Finally, DAVENPORT & Co LLC grew its position in shares of Trex by 17.2% in the fourth quarter. DAVENPORT & Co LLC now owns 397,733 shares of the construction company’s stock valued at $27,534,000 after purchasing an additional 58,280 shares during the last quarter. Hedge funds and other institutional investors own 95.96% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts recently issued reports on the company. BMO Capital Markets upped their target price on Trex from $67.00 to $72.00 and gave the company a “market perform” rating in a research note on Tuesday, October 29th. Citigroup cut their price objective on shares of Trex from $84.00 to $78.00 and set a “neutral” rating for the company in a research report on Monday, January 6th. StockNews.com lowered shares of Trex from a “hold” rating to a “sell” rating in a research report on Tuesday, October 29th. DA Davidson raised their price objective on Trex from $70.00 to $74.00 and gave the stock a “neutral” rating in a report on Tuesday, October 29th. Finally, Barclays reduced 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. 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. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $79.81.

Trex Stock Performance

TREX opened at $70.26 on Friday. Trex Company, Inc. has a 1-year low of $58.68 and a 1-year high of $101.91. The company has a 50-day moving average of $72.25 and a 200-day moving average of $69.65. The company has a market capitalization of $7.53 billion, a P/E ratio of 32.08, a PEG ratio of 2.82 and a beta of 1.51.

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.