Evermay Wealth Management LLC Decreases Position in Trex Company, Inc. (NYSE:TREX)

Evermay Wealth Management LLC decreased its position in Trex Company, Inc. (NYSE:TREX) by 2.1% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 6,927 shares of the construction company’s stock after selling 150 shares during the period. Evermay Wealth Management LLC’s holdings in Trex were worth $478,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also bought and sold shares of TREX. Wilmington Savings Fund Society FSB purchased a new position in Trex in the 3rd quarter valued at approximately $30,000. Avior Wealth Management LLC boosted its holdings in shares of Trex by 1,212.8% in the fourth quarter. Avior Wealth Management LLC now owns 512 shares of the construction company’s stock worth $35,000 after acquiring an additional 473 shares during the period. Eagle Bay Advisors LLC purchased a new position in shares of Trex in the fourth quarter valued at $41,000. Quarry LP raised its stake in shares of Trex by 576.4% during the 2nd quarter. Quarry LP now owns 602 shares of the construction company’s stock valued at $45,000 after purchasing an additional 513 shares during the period. Finally, UMB Bank n.a. lifted its holdings in Trex by 150.8% during the 3rd quarter. UMB Bank n.a. now owns 652 shares of the construction company’s stock worth $43,000 after purchasing an additional 392 shares in the last quarter. 95.96% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of research analysts have weighed in on TREX shares. Jefferies Financial Group reduced their target price on Trex from $77.00 to $73.00 and set a “hold” rating for the company in a report on Wednesday, October 9th. Robert W. Baird upped their target price on shares of Trex from $70.00 to $78.00 and gave the stock a “neutral” rating in a report on Tuesday, October 29th. StockNews.com downgraded shares of Trex from a “hold” rating to a “sell” rating in a report on Tuesday, October 29th. Citigroup decreased their price target on shares of Trex from $84.00 to $78.00 and set a “neutral” rating on the stock in a report on Monday, January 6th. Finally, DA Davidson lifted their price objective on Trex from $70.00 to $74.00 and gave the company a “neutral” rating in a research note on Tuesday, October 29th. Two research analysts have rated the stock with a sell rating, nine have assigned a hold rating and six have given a buy rating to the company. According to MarketBeat, Trex has an average rating of “Hold” and a consensus price target of $79.81.

Trex Stock Down 1.7 %

Shares of TREX opened at $72.80 on Friday. Trex Company, Inc. has a 52 week low of $58.68 and a 52 week high of $101.91. The stock has a market cap of $7.80 billion, a P/E ratio of 33.24, a P/E/G ratio of 3.05 and a beta of 1.50. The business’s 50 day moving average price is $72.59 and its 200-day moving average price is $70.04.

Trex 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.