Equitable Trust Co. Makes New $642,000 Investment in Trex Company, Inc. $TREX

Equitable Trust Co. purchased a new stake in Trex Company, Inc. (NYSE:TREX) during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 12,430 shares of the construction company’s stock, valued at approximately $642,000.

A number of other institutional investors have also made changes to their positions in TREX. Steigerwald Gordon & Koch Inc. acquired a new position in Trex in the third quarter valued at about $31,000. CWM LLC increased its stake in shares of Trex by 16.8% in the 2nd quarter. CWM LLC now owns 1,141 shares of the construction company’s stock valued at $62,000 after acquiring an additional 164 shares during the last quarter. Rothschild Investment LLC bought a new stake in shares of Trex in the 3rd quarter valued at about $60,000. Hantz Financial Services Inc. raised its position in shares of Trex by 10,133.3% in the 2nd quarter. Hantz Financial Services Inc. now owns 1,228 shares of the construction company’s stock valued at $67,000 after acquiring an additional 1,216 shares during the period. Finally, GAMMA Investing LLC boosted its stake in Trex by 37.1% during the 3rd quarter. GAMMA Investing LLC now owns 1,999 shares of the construction company’s stock worth $103,000 after acquiring an additional 541 shares during the last quarter. 95.96% of the stock is owned by institutional investors and hedge funds.

Trex Price Performance

Shares of Trex stock opened at $40.25 on Tuesday. The firm has a market cap of $4.32 billion, a price-to-earnings ratio of 21.87 and a beta of 1.58. The stock’s 50-day moving average is $40.16 and its 200-day moving average is $45.77. Trex Company, Inc. has a one year low of $29.77 and a one year high of $68.78.

Analysts Set New Price Targets

Several research firms have weighed in on TREX. The Goldman Sachs Group set a $54.00 target price on shares of Trex and gave the stock a “buy” rating in a report on Tuesday, December 16th. JPMorgan Chase & Co. lowered their price objective on shares of Trex from $71.00 to $40.00 and set a “neutral” rating for the company in a research report on Thursday, November 6th. Deutsche Bank Aktiengesellschaft lowered Trex from a “buy” rating to a “hold” rating and set a $40.00 target price on the stock. in a report on Wednesday, November 5th. Citigroup lowered their price target on Trex from $52.00 to $39.00 and set a “neutral” rating for the company in a report on Monday, December 15th. Finally, Barclays set a $32.00 price target on Trex in a research report on Monday, December 8th. Nine investment analysts have rated the stock with a Buy rating, eleven have issued a Hold rating and three have issued a Sell rating to the company. Based on data from MarketBeat.com, Trex has a consensus rating of “Hold” and a consensus target price of $47.38.

Trex Profile

Trex Company, Inc is a leading manufacturer of wood-alternative decking and railing systems designed for residential and commercial outdoor living environments. The company’s core offerings feature composite decking products made from a proprietary blend of recycled wood fibers and plastic film, which deliver enhanced durability, resistance to rot and insect damage, and low maintenance compared to traditional wood. Trex also provides matching railing, lighting, fencing and cladding solutions that allow customers to create cohesive, high-performance outdoor spaces.

Trex’s product portfolio is organized into multiple performance tiers, including premium, mid-range and value-oriented lines.