Trex (NYSE:TREX – Get Free Report) had its price objective raised by analysts at Robert W. Baird from $78.00 to $84.00 in a research report issued on Tuesday, FlyOnTheWall reports. Robert W. Baird’s target price points to a potential upside of 21.55% from the stock’s previous close.
Other analysts have also issued research reports about the company. UBS Group increased their price objective on Trex from $56.00 to $59.00 in a report on Tuesday, May 9th. DA Davidson upped their target price on Trex from $48.00 to $58.00 in a research report on Tuesday, May 9th. BMO Capital Markets upped their target price on Trex from $58.00 to $62.00 in a research report on Tuesday, May 9th. Stifel Nicolaus increased their price target on Trex from $61.00 to $73.00 in a research report on Wednesday, July 12th. Finally, StockNews.com raised Trex from a “sell” rating to a “hold” rating in a research report on Saturday, July 15th. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and eight have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $68.93.
Trex Stock Down 0.2 %
Shares of NYSE:TREX opened at $69.11 on Tuesday. Trex has a 52-week low of $38.68 and a 52-week high of $71.48. The stock has a market cap of $7.52 billion, a P/E ratio of 49.72, a price-to-earnings-growth ratio of 5.31 and a beta of 1.54. The business’s 50 day moving average is $61.70 and its 200 day moving average is $55.50.
Institutional Inflows and Outflows
Several institutional investors and hedge funds have recently made changes to their positions in the stock. LPL Financial LLC boosted its holdings in shares of Trex by 13.4% during the 2nd quarter. LPL Financial LLC now owns 44,456 shares of the construction company’s stock worth $2,915,000 after purchasing an additional 5,241 shares during the last quarter. Duality Advisers LP acquired a new position in shares of Trex during the 2nd quarter worth approximately $1,470,000. KBC Group NV acquired a new position in shares of Trex during the 2nd quarter worth approximately $1,249,000. First Republic Investment Management Inc. boosted its holdings in shares of Trex by 99.0% during the 2nd quarter. First Republic Investment Management Inc. now owns 12,715 shares of the construction company’s stock worth $834,000 after purchasing an additional 6,327 shares during the last quarter. Finally, Moody Aldrich Partners LLC acquired a new position in shares of Trex during the 2nd quarter worth approximately $218,000. 94.81% of the stock is currently owned by institutional investors and hedge funds.
About Trex
Trex Co, Inc engages in the manufacture of wood-alternative decking and railing. Its products include deck framing and drainage, outdoor lighting, furniture, pergola and outdoor kitchens, fencing, collections, and accessory hardware. It operates through the following segments Trex Residential Products and Trex Commercial Products.
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