Campbell & CO Investment Adviser LLC grew its position in Trex Company, Inc. (NYSE:TREX – Free Report) by 20.4% in the third quarter, HoldingsChannel.com reports. The fund owned 7,861 shares of the construction company’s stock after buying an additional 1,331 shares during the quarter. Campbell & CO Investment Adviser LLC’s holdings in Trex were worth $484,000 at the end of the most recent reporting period.
A number of other institutional investors also recently modified their holdings of TREX. Covestor Ltd raised its stake in shares of Trex by 178.8% in the first quarter. Covestor Ltd now owns 382 shares of the construction company’s stock valued at $25,000 after acquiring an additional 245 shares during the last quarter. Quarry LP bought a new position in shares of Trex in the first quarter valued at approximately $31,000. Belpointe Asset Management LLC raised its stake in shares of Trex by 120.8% in the first quarter. Belpointe Asset Management LLC now owns 797 shares of the construction company’s stock valued at $39,000 after acquiring an additional 436 shares during the last quarter. Larson Financial Group LLC raised its stake in shares of Trex by 6,100.0% in the third quarter. Larson Financial Group LLC now owns 682 shares of the construction company’s stock valued at $42,000 after acquiring an additional 671 shares during the last quarter. Finally, BluePath Capital Management LLC bought a new position in shares of Trex in the third quarter valued at approximately $60,000. Institutional investors own 96.42% of the company’s stock.
Analyst Ratings Changes
Several research analysts recently weighed in on the stock. Benchmark restated a “buy” rating and issued a $85.00 price objective on shares of Trex in a research report on Tuesday, October 31st. Truist Financial dropped their price objective on shares of Trex from $80.00 to $70.00 and set a “buy” rating for the company in a research report on Tuesday, October 17th. JPMorgan Chase & Co. upgraded shares of Trex from an “underweight” rating to a “neutral” rating and boosted their price objective for the stock from $62.00 to $79.00 in a research report on Thursday, December 14th. BMO Capital Markets boosted their price objective on shares of Trex from $70.00 to $72.00 and gave the stock a “market perform” rating in a research report on Tuesday, October 31st. Finally, Wolfe Research assumed coverage on shares of Trex in a research report on Tuesday, December 12th. They issued a “peer perform” rating for the company. Two equities research analysts have rated the stock with a sell rating, eight have given a hold rating and eight have issued a buy rating to the company’s stock. Based on data from MarketBeat, Trex presently has a consensus rating of “Hold” and an average price target of $75.89.
Trex Stock Up 1.2 %
Shares of TREX stock opened at $92.26 on Tuesday. Trex Company, Inc. has a 12-month low of $44.90 and a 12-month high of $93.17. The firm has a market capitalization of $10.02 billion, a price-to-earnings ratio of 51.83, a price-to-earnings-growth ratio of 2.75 and a beta of 1.58. The firm has a fifty day moving average of $81.19 and a 200-day moving average of $70.95.
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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