Barclays PLC Decreases Stake in Trex Company, Inc. (NYSE:TREX)

Barclays PLC cut its stake in Trex Company, Inc. (NYSE:TREXFree Report) by 39.4% during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 93,911 shares of the construction company’s stock after selling 60,951 shares during the period. Barclays PLC owned approximately 0.09% of Trex worth $5,788,000 as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. Fox Run Management L.L.C. grew its stake in shares of Trex by 385.5% during the 3rd quarter. Fox Run Management L.L.C. now owns 17,075 shares of the construction company’s stock valued at $1,052,000 after buying an additional 13,558 shares during the period. Jump Financial LLC purchased a new stake in Trex during the third quarter valued at about $7,153,000. Nicolet Advisory Services LLC increased its stake in Trex by 10.7% during the third quarter. Nicolet Advisory Services LLC now owns 3,636 shares of the construction company’s stock worth $217,000 after acquiring an additional 352 shares during the last quarter. Arizona State Retirement System raised its holdings in shares of Trex by 1.4% in the 3rd quarter. Arizona State Retirement System now owns 30,979 shares of the construction company’s stock worth $1,909,000 after purchasing an additional 431 shares during the period. Finally, Harvest Fund Management Co. Ltd lifted its stake in shares of Trex by 507.6% in the 3rd quarter. Harvest Fund Management Co. Ltd now owns 1,847 shares of the construction company’s stock valued at $114,000 after purchasing an additional 1,543 shares in the last quarter. 96.42% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of research firms recently issued reports on TREX. Wolfe Research began coverage on shares of Trex in a research report on Tuesday, December 12th. They set a “peer perform” rating for the company. Barclays lowered shares of Trex from an “equal weight” rating to an “underweight” rating and lifted their target price for the company from $66.00 to $74.00 in a report on Wednesday, December 13th. JPMorgan Chase & Co. upgraded Trex from an “underweight” rating to a “neutral” rating and increased their price target for the company from $62.00 to $79.00 in a report on Thursday, December 14th. Stifel Nicolaus boosted their price objective on Trex from $82.00 to $90.00 and gave the stock a “buy” rating in a research note on Tuesday, December 19th. Finally, Jefferies Financial Group lowered their target price on Trex from $79.00 to $66.00 in a research note on Thursday, October 12th. Two investment analysts have rated the stock with a sell rating, eight have issued a hold rating and eight have assigned a buy rating to the company. According to data from MarketBeat.com, Trex currently has an average rating of “Hold” and an average price target of $75.89.

Get Our Latest Analysis on Trex

Trex Stock Up 0.5 %

NYSE:TREX opened at $90.38 on Friday. The company has a market cap of $9.82 billion, a PE ratio of 50.78, a P/E/G ratio of 2.71 and a beta of 1.58. The business’s 50 day moving average is $80.41 and its two-hundred day moving average is $70.58. Trex Company, Inc. has a 52 week low of $44.90 and a 52 week high of $92.25.

Trex Profile

(Free Report)

Trex Company, Inc manufactures and distributes composite decking, railing, and outdoor living products and accessories for residential and commercial markets in the United States. The company operates in two segments, Trex Residential and Trex Commercial. It offers decking products under the names Trex Transcend, Trex Select, 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.

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Institutional Ownership by Quarter for Trex (NYSE:TREX)

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