Kestra Private Wealth Services LLC Has $3.04 Million Stock Holdings in Trex Company, Inc. (NYSE:TREX)

Kestra Private Wealth Services LLC decreased its position in Trex Company, Inc. (NYSE:TREX) by 2.0% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 43,980 shares of the construction company’s stock after selling 910 shares during the period. Kestra Private Wealth Services LLC’s holdings in Trex were worth $3,036,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Wasatch Advisors LP grew its position in shares of Trex by 33.2% during the 3rd quarter. Wasatch Advisors LP now owns 4,076,408 shares of the construction company’s stock worth $271,407,000 after buying an additional 1,015,516 shares during the period. Jacobs Levy Equity Management Inc. grew 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 acquiring an additional 839,837 shares during the period. Point72 Asset Management L.P. raised its position in shares of Trex by 100.0% during 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 acquiring an additional 511,163 shares during the last quarter. The Manufacturers Life Insurance Company lifted its stake in shares of Trex by 462.4% in the 3rd quarter. The Manufacturers Life Insurance Company now owns 529,146 shares of the construction company’s stock valued at $35,231,000 after purchasing an additional 435,055 shares during the period. Finally, JPMorgan Chase & Co. boosted its position in shares of Trex by 97.6% in the 3rd quarter. JPMorgan Chase & Co. now owns 797,513 shares of the construction company’s stock worth $53,098,000 after purchasing an additional 393,850 shares during the last quarter. 95.96% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several equities analysts have weighed in on TREX shares. Citigroup cut their target price on Trex from $84.00 to $78.00 and set a “neutral” rating on the stock in a research note on Monday, January 6th. StockNews.com lowered shares of Trex from a “hold” rating to a “sell” rating in a research note on Tuesday, October 29th. BMO Capital Markets upped their target price on shares of Trex from $67.00 to $72.00 and gave the company a “market perform” rating in a research note on Tuesday, October 29th. Barclays reduced their price target on shares of Trex from $68.00 to $67.00 and set an “underweight” rating on the stock in a research report on Tuesday, October 29th. Finally, DA Davidson upped their price objective on shares of Trex from $70.00 to $74.00 and gave the company a “neutral” rating 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 issued a buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $79.81.

Trex Stock Down 0.0 %

NYSE:TREX opened at $70.23 on Tuesday. The company has a market cap of $7.52 billion, a P/E ratio of 32.07, a price-to-earnings-growth ratio of 2.82 and a beta of 1.51. Trex Company, Inc. has a twelve month low of $58.68 and a twelve month high of $101.91. The business has a 50 day moving average price of $72.14 and a two-hundred day moving average price of $69.47.

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.