Yousif Capital Management LLC Decreases Stock Holdings in Trex Company, Inc. (NYSE:TREX)

Yousif Capital Management LLC cut its stake in Trex Company, Inc. (NYSE:TREX) by 5.4% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 38,120 shares of the construction company’s stock after selling 2,179 shares during the period. Yousif Capital Management LLC’s holdings in Trex were worth $2,631,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently modified their holdings of the stock. Pacer Advisors Inc. grew its holdings in shares of Trex by 0.9% in the 4th quarter. Pacer Advisors Inc. now owns 15,970 shares of the construction company’s stock worth $1,102,000 after acquiring an additional 148 shares during the period. First Horizon Advisors Inc. grew its holdings in Trex by 8.8% in the third quarter. First Horizon Advisors Inc. now owns 2,282 shares of the construction company’s stock valued at $152,000 after purchasing an additional 184 shares during the last quarter. Mather Group LLC. increased its position in shares of Trex by 73.5% in the fourth quarter. Mather Group LLC. now owns 451 shares of the construction company’s stock valued at $31,000 after buying an additional 191 shares in the last quarter. Ballentine Partners LLC increased its position in shares of Trex by 6.8% in the fourth quarter. Ballentine Partners LLC now owns 3,352 shares of the construction company’s stock valued at $231,000 after buying an additional 213 shares in the last quarter. Finally, UMB Bank n.a. raised its stake in shares of Trex by 33.4% during the 4th quarter. UMB Bank n.a. now owns 870 shares of the construction company’s stock worth $60,000 after buying an additional 218 shares during the last quarter. 95.96% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several research firms have weighed in on TREX. BMO Capital Markets raised their target price on shares of Trex from $67.00 to $72.00 and gave the company a “market perform” rating in a report on Tuesday, October 29th. DA Davidson raised their price objective on shares of Trex from $70.00 to $74.00 and gave the stock a “neutral” rating in a research note on Tuesday, October 29th. StockNews.com downgraded Trex from a “hold” rating to a “sell” rating in a research report on Tuesday, October 29th. Robert W. Baird increased 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. Finally, Citigroup cut their price target on Trex from $84.00 to $78.00 and set a “neutral” rating for the company in a report on Monday, January 6th. Two investment 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’s stock. According to MarketBeat, Trex presently has an average rating of “Hold” and an average price target of $79.81.

Trex Stock Performance

TREX stock opened at $70.26 on Monday. The firm has a market cap 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 stock has a 50-day simple moving average of $72.25 and a 200-day simple moving average of $69.53.

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.