Mutual of America Capital Management LLC Cuts Stock Holdings in Trex Company, Inc. (NYSE:TREX)

Mutual of America Capital Management LLC lowered its stake in shares of Trex Company, Inc. (NYSE:TREXFree Report) by 9.1% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 84,187 shares of the construction company’s stock after selling 8,468 shares during the period. Mutual of America Capital Management LLC owned approximately 0.08% of Trex worth $5,189,000 at the end of the most recent reporting period.

A number of other large investors also recently bought and sold shares of the stock. Shell Asset Management Co. raised its stake in Trex by 0.5% during the third quarter. Shell Asset Management Co. now owns 35,605 shares of the construction company’s stock worth $2,194,000 after purchasing an additional 163 shares during the period. BOKF NA raised its stake in shares of Trex by 1.1% in the 2nd quarter. BOKF NA now owns 16,547 shares of the construction company’s stock valued at $1,085,000 after acquiring an additional 176 shares during the period. Kestra Private Wealth Services LLC raised its stake in shares of Trex by 0.3% in the 2nd quarter. Kestra Private Wealth Services LLC now owns 62,563 shares of the construction company’s stock valued at $4,102,000 after acquiring an additional 200 shares during the period. Inspire Investing LLC raised its stake in shares of Trex by 4.2% in the 3rd quarter. Inspire Investing LLC now owns 4,960 shares of the construction company’s stock valued at $306,000 after acquiring an additional 201 shares during the period. Finally, Steward Partners Investment Advisory LLC raised its stake in shares of Trex by 3.7% in the 1st quarter. Steward Partners Investment Advisory LLC now owns 5,800 shares of the construction company’s stock valued at $282,000 after acquiring an additional 206 shares during the period. Hedge funds and other institutional investors own 96.42% of the company’s stock.

Trex Price Performance

Shares of TREX stock opened at $91.13 on Monday. The firm has a market cap of $9.90 billion, a P/E ratio of 51.20, a P/E/G ratio of 2.75 and a beta of 1.58. Trex Company, Inc. has a 1-year low of $44.90 and a 1-year high of $92.25. The firm has a fifty day moving average of $80.80 and a two-hundred day moving average of $70.78.

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on the stock. Barclays downgraded shares of Trex from an “equal weight” rating to an “underweight” rating and raised their target price for the company from $66.00 to $74.00 in a research note on Wednesday, December 13th. JPMorgan Chase & Co. raised shares of Trex from an “underweight” rating to a “neutral” rating and raised their target price for the company from $62.00 to $79.00 in a research note on Thursday, December 14th. Benchmark reissued a “buy” rating and issued a $85.00 target price on shares of Trex in a research note on Tuesday, October 31st. Wolfe Research began coverage on shares of Trex in a research note on Tuesday, December 12th. They set a “peer perform” rating on the stock. Finally, Truist Financial dropped their price target on shares of Trex from $80.00 to $70.00 and set a “buy” rating on the stock in a research note on Tuesday, October 17th. Two analysts have rated the stock with a sell rating, eight have given a hold rating and eight have given a buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Hold” and an average price target of $75.89.

Get Our Latest Stock Analysis on Trex

About Trex

(Free Report)

Trex Company, Inc manufactures and distributes composite decking, railing, and outdoor living products and accessories for residential and commercial markets in the United States. The company operates in two segments, Trex Residential and Trex Commercial. It offers decking products under the names Trex Transcend, Trex Select, 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.

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Institutional Ownership by Quarter for Trex (NYSE:TREX)

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