Trex Company Inc (TREX) Position Boosted by Xact Kapitalforvaltning AB

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Xact Kapitalforvaltning AB increased its position in shares of Trex Company Inc (NYSE:TREX) by 43.2% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 13,916 shares of the construction company’s stock after purchasing an additional 4,200 shares during the period. Xact Kapitalforvaltning AB’s holdings in Trex were worth $826,000 at the end of the most recent quarter.

Other hedge funds have also recently added to or reduced their stakes in the company. Trust Co. of Vermont boosted its position in Trex by 83.1% in the 4th quarter. Trust Co. of Vermont now owns 606 shares of the construction company’s stock valued at $36,000 after buying an additional 275 shares during the period. First Hawaiian Bank purchased a new stake in Trex in the 4th quarter valued at about $25,000. BB&T Corp boosted its position in Trex by 13.1% in the 4th quarter. BB&T Corp now owns 4,611 shares of the construction company’s stock valued at $274,000 after buying an additional 534 shares during the period. Capital Insight Partners LLC boosted its position in Trex by 2.2% in the 4th quarter. Capital Insight Partners LLC now owns 28,229 shares of the construction company’s stock valued at $1,676,000 after buying an additional 602 shares during the period. Finally, PNC Financial Services Group Inc. boosted its position in Trex by 2.7% in the 3rd quarter. PNC Financial Services Group Inc. now owns 30,998 shares of the construction company’s stock valued at $2,385,000 after buying an additional 813 shares during the period. 91.74% of the stock is owned by hedge funds and other institutional investors.

Shares of NYSE TREX traded up $1.31 during trading hours on Monday, hitting $73.56. 75,569 shares of the stock were exchanged, compared to its average volume of 446,896. The firm has a market cap of $4.24 billion, a PE ratio of 46.56, a price-to-earnings-growth ratio of 2.59 and a beta of 2.00. Trex Company Inc has a 12 month low of $50.72 and a 12 month high of $90.74.

Several equities research analysts have recently commented on TREX shares. Sidoti upgraded shares of Trex from a “neutral” rating to a “buy” rating in a report on Tuesday, October 30th. Zacks Investment Research lowered shares of Trex from a “buy” rating to a “hold” rating in a report on Thursday, November 1st. SunTrust Banks reduced their price target on shares of Trex to $58.00 and set a “hold” rating for the company in a report on Tuesday, October 30th. Jefferies Financial Group initiated coverage on shares of Trex in a research note on Wednesday, January 9th. They set a “hold” rating and a $60.00 price objective for the company. Finally, ValuEngine upgraded shares of Trex from a “sell” rating to a “hold” rating in a research note on Wednesday, January 2nd. Five research analysts have rated the stock with a hold rating and two have given a buy rating to the company. Trex currently has a consensus rating of “Hold” and an average target price of $40.29.

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About Trex

Trex Company, Inc manufactures and distributes wood/plastic composite products, and related accessories primarily for the residential and commercial decking, and railing applications in the United States. It offers Trex Transcend, Trex Enhance, and Trex Select protective shells for protection against fading, staining, mold, and scratching; and Trex Hideaway, a hidden fastening system for grooved boards.

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Institutional Ownership by Quarter for Trex (NYSE:TREX)

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