Trex Company, Inc. (NYSE:TREX) Position Lowered by Yousif Capital Management LLC

Yousif Capital Management LLC reduced its position in Trex Company, Inc. (NYSE:TREX) by 5.4% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 38,120 shares of the construction company’s stock after selling 2,179 shares during the quarter. Yousif Capital Management LLC’s holdings in Trex were worth $2,631,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of TREX. Mather Group LLC. grew its position in shares of Trex by 73.5% in the 4th quarter. Mather Group LLC. now owns 451 shares of the construction company’s stock worth $31,000 after acquiring an additional 191 shares in the last quarter. Trust Point Inc. acquired a new position in Trex in the fourth quarter worth $231,000. Conestoga Capital Advisors LLC increased its stake in Trex by 0.9% during the fourth quarter. Conestoga Capital Advisors LLC now owns 1,967,748 shares of the construction company’s stock valued at $135,834,000 after purchasing an additional 17,405 shares during the last quarter. Boston Trust Walden Corp acquired a new stake in shares of Trex during the fourth quarter worth $207,000. Finally, DAVENPORT & Co LLC lifted its position in shares of Trex by 17.2% in the 4th quarter. DAVENPORT & Co LLC now owns 397,733 shares of the construction company’s stock worth $27,534,000 after buying an additional 58,280 shares during the last quarter. Institutional investors and hedge funds own 95.96% of the company’s stock.

Trex Trading Down 4.0 %

NYSE:TREX opened at $70.26 on Monday. The stock has a market capitalization of $7.53 billion, a P/E ratio of 32.08, a price-to-earnings-growth 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. The firm has a 50 day moving average of $72.25 and a 200-day moving average of $69.53.

Analysts Set New Price Targets

A number of brokerages recently weighed in on TREX. DA Davidson boosted their price objective on shares of Trex from $70.00 to $74.00 and gave the company a “neutral” rating in a research report on Tuesday, October 29th. Robert W. Baird upped their target price on Trex from $70.00 to $78.00 and gave the company a “neutral” rating in a report on Tuesday, October 29th. BMO Capital Markets raised their price target on Trex from $67.00 to $72.00 and gave the stock a “market perform” rating in a report on Tuesday, October 29th. StockNews.com downgraded Trex from a “hold” rating to a “sell” rating in a research note on Tuesday, October 29th. Finally, Citigroup cut their target price on Trex from $84.00 to $78.00 and set a “neutral” rating on the stock in a research note on Monday, January 6th. Two 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. Based on data from MarketBeat.com, Trex currently has an average rating of “Hold” and a consensus target price 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.