Equitable Trust Co. Buys Shares of 3,778 Trex Company, Inc. (NYSE:TREX)

Equitable Trust Co. purchased a new position in Trex Company, Inc. (NYSE:TREX) during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 3,778 shares of the construction company’s stock, valued at approximately $261,000.

A number of other large investors also recently modified their holdings of the company. Wilmington Savings Fund Society FSB purchased a new stake in Trex in the 3rd quarter worth approximately $30,000. Mather Group LLC. increased its holdings in shares of 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 during the period. Avior Wealth Management LLC raised its position in shares of 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 in the last quarter. Eagle Bay Advisors LLC bought a new stake in Trex during the fourth quarter valued at $41,000. Finally, UMB Bank n.a. grew its position in Trex by 150.8% during the third quarter. UMB Bank n.a. now owns 652 shares of the construction company’s stock worth $43,000 after buying an additional 392 shares in the last quarter. 95.96% of the stock is currently owned by institutional investors.

Trex Price Performance

TREX opened at $69.22 on Wednesday. The stock’s 50 day simple moving average is $71.99 and its 200 day simple moving average is $69.38. The firm has a market cap of $7.42 billion, a price-to-earnings ratio of 31.61, a PEG ratio of 2.82 and a beta of 1.51. Trex Company, Inc. has a 1 year low of $58.68 and a 1 year high of $101.91.

Analysts Set New Price Targets

TREX has been the topic of several recent analyst reports. Robert W. Baird raised their price target on Trex from $70.00 to $78.00 and gave the company a “neutral” rating in a 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 for the company in a research report on Tuesday, October 29th. BMO Capital Markets increased their price target on shares of Trex from $67.00 to $72.00 and gave the stock a “market perform” rating in a report on Tuesday, October 29th. DA Davidson lifted their price objective on shares of Trex from $70.00 to $74.00 and gave the stock a “neutral” rating in a report on Tuesday, October 29th. Finally, StockNews.com cut Trex from a “hold” rating to a “sell” rating in a research note on Tuesday, October 29th. Two equities research analysts have rated the stock with a sell rating, nine have given a hold rating and six have assigned a buy rating to the company’s stock. According to data from MarketBeat, Trex currently has an average rating of “Hold” and an average price target of $79.81.

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.