Brokerages Set Trex Company, Inc. (NYSE:TREX) PT at $47.25

Shares of Trex Company, Inc. (NYSE:TREX) have been given a consensus recommendation of “Hold” by the twenty-three research firms that are covering the company, Marketbeat reports. Three equities research analysts have rated the stock with a sell recommendation, eleven have issued a hold recommendation and nine have assigned a buy recommendation to the company. The average 1-year price objective among analysts that have issued a report on the stock in the last year is $47.25.

A number of brokerages recently issued reports on TREX. Barclays set a $32.00 price objective on shares of Trex in a report on Monday, December 8th. Jefferies Financial Group raised shares of Trex from a “hold” rating to a “buy” rating and boosted their price target for the company from $39.00 to $42.00 in a report on Monday, December 15th. UBS Group set a $52.00 price objective on shares of Trex and gave the company a “buy” rating in a research report on Tuesday, January 6th. DA Davidson upgraded Trex from a “neutral” rating to a “buy” rating and lifted their target price for the stock from $45.00 to $50.00 in a report on Monday, January 12th. Finally, Benchmark cut Trex from a “buy” rating to a “hold” rating in a research note on Wednesday, February 11th.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in TREX. CWM LLC boosted its stake in Trex by 16.8% in the 2nd quarter. CWM LLC now owns 1,141 shares of the construction company’s stock worth $62,000 after purchasing an additional 164 shares during the period. AQR Capital Management LLC boosted its position in shares of Trex by 3.2% during the first quarter. AQR Capital Management LLC now owns 5,642 shares of the construction company’s stock worth $320,000 after buying an additional 177 shares during the period. ProShare Advisors LLC grew its holdings in shares of Trex by 4.1% during the second quarter. ProShare Advisors LLC now owns 4,754 shares of the construction company’s stock worth $259,000 after buying an additional 189 shares in the last quarter. Louisiana State Employees Retirement System grew its holdings in shares of Trex by 0.7% during the second quarter. Louisiana State Employees Retirement System now owns 30,200 shares of the construction company’s stock worth $1,642,000 after buying an additional 200 shares in the last quarter. Finally, State of Michigan Retirement System raised its position in Trex by 0.8% in the 2nd quarter. State of Michigan Retirement System now owns 25,822 shares of the construction company’s stock valued at $1,404,000 after buying an additional 200 shares during the last quarter. Institutional investors and hedge funds own 95.96% of the company’s stock.

Trex Stock Performance

Shares of TREX stock opened at $42.84 on Monday. The firm’s 50 day moving average price is $39.33 and its two-hundred day moving average price is $46.68. Trex has a 52-week low of $29.77 and a 52-week high of $70.08. The stock has a market cap of $4.59 billion, a PE ratio of 23.28 and a beta of 1.58.

About Trex

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.