Pacer Advisors Inc. Purchases 148 Shares of Trex Company, Inc. (NYSE:TREX)

Pacer Advisors Inc. boosted its position in Trex Company, Inc. (NYSE:TREX) by 0.9% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 15,970 shares of the construction company’s stock after acquiring an additional 148 shares during the quarter. Pacer Advisors Inc.’s holdings in Trex were worth $1,102,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. Wasatch Advisors LP boosted its stake in shares of Trex by 33.2% in the 3rd quarter. Wasatch Advisors LP now owns 4,076,408 shares of the construction company’s stock valued at $271,407,000 after purchasing an additional 1,015,516 shares in the last quarter. State Street Corp grew its stake in shares of Trex by 1.2% during the third quarter. State Street Corp now owns 3,183,444 shares of the construction company’s stock worth $211,954,000 after buying an additional 37,436 shares during the last quarter. Geode Capital Management LLC increased its holdings in shares of Trex by 1.9% during the third quarter. Geode Capital Management LLC now owns 1,873,455 shares of the construction company’s stock worth $124,766,000 after buying an additional 35,039 shares in the last quarter. Geneva Capital Management LLC lifted its stake in shares of Trex by 0.4% in the 3rd quarter. Geneva Capital Management LLC now owns 1,592,533 shares of the construction company’s stock valued at $106,031,000 after acquiring an additional 6,616 shares during the last quarter. Finally, FMR LLC boosted its holdings in shares of Trex by 6.0% during the 3rd quarter. FMR LLC now owns 1,262,920 shares of the construction company’s stock valued at $84,085,000 after acquiring an additional 71,761 shares in the last quarter. 95.96% of the stock is currently owned by institutional investors and hedge funds.

Trex Trading Down 1.7 %

NYSE:TREX opened at $72.80 on Monday. Trex Company, Inc. has a 12 month low of $58.68 and a 12 month high of $101.91. The stock has a market capitalization of $7.80 billion, a price-to-earnings ratio of 33.24, a PEG ratio of 3.05 and a beta of 1.50. The firm has a fifty day simple moving average of $72.59 and a two-hundred day simple moving average of $69.83.

Analysts Set New Price Targets

TREX has been the subject of several research reports. DA Davidson increased their target price on Trex from $70.00 to $74.00 and gave the company a “neutral” rating in a research report on Tuesday, October 29th. BMO Capital Markets lifted their target price on shares of Trex from $67.00 to $72.00 and gave the stock a “market perform” rating in a research report on Tuesday, October 29th. StockNews.com lowered shares of Trex from a “hold” rating to a “sell” rating in a report on Tuesday, October 29th. Robert W. Baird raised their price target on shares of Trex from $70.00 to $78.00 and gave the company a “neutral” rating in a research note on Tuesday, October 29th. Finally, Jefferies Financial Group reduced their price objective on shares of Trex from $77.00 to $73.00 and set a “hold” rating on the stock in a research note on Wednesday, October 9th. Two equities research analysts have rated the stock with a sell rating, nine have assigned a hold rating and six have assigned a buy rating to the company. According to data from MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $79.81.

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.