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

Several other large investors have also recently bought and sold shares of the company. Cim LLC boosted its holdings in Trex by 63.8% in the third quarter. Cim LLC now owns 20,490 shares of the construction company’s stock worth $1,577,000 after purchasing an additional 7,979 shares during the last quarter. Legal & General Group Plc raised its position in Trex by 7.6% in the third quarter. Legal & General Group Plc now owns 137,819 shares of the construction company’s stock worth $10,691,000 after acquiring an additional 9,738 shares during the period. Nordea Investment Management AB raised its position in Trex by 2.9% in the third quarter. Nordea Investment Management AB now owns 58,259 shares of the construction company’s stock worth $4,485,000 after acquiring an additional 1,640 shares during the period. Morgan Stanley raised its position in Trex by 31.6% in the third quarter. Morgan Stanley now owns 588,796 shares of the construction company’s stock worth $45,326,000 after acquiring an additional 141,542 shares during the period. Finally, Vanguard Group Inc raised its position in Trex by 2.3% in the third quarter. Vanguard Group Inc now owns 5,843,017 shares of the construction company’s stock worth $449,795,000 after acquiring an additional 128,870 shares during the period. Hedge funds and other institutional investors own 91.74% of the company’s stock.

TREX has been the topic of several recent research reports. SunTrust Banks decreased their price target on shares of Trex to $58.00 and set a “hold” rating on the stock in a research report on Tuesday, October 30th. Sidoti upgraded shares of Trex from a “neutral” rating to a “buy” rating in a research report on Tuesday, October 30th. Zacks Investment Research downgraded shares of Trex from a “buy” rating to a “hold” rating in a research report on Thursday, November 1st. ValuEngine upgraded shares of Trex from a “sell” rating to a “hold” rating in a research report on Wednesday, January 2nd. Finally, Jefferies Financial Group initiated coverage on shares of Trex in a research report on Wednesday, January 9th. They set a “hold” rating and a $60.00 price objective on the stock. Five research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. Trex currently has an average rating of “Hold” and an average price target of $40.29.

Shares of TREX stock traded up $1.31 on Monday, hitting $73.56. 75,569 shares of the stock traded hands, compared to its average volume of 446,896. The company has a market capitalization of $4.24 billion, a price-to-earnings ratio of 46.56, a PEG ratio of 2.59 and a beta of 2.00. Trex Company Inc has a 52 week low of $50.72 and a 52 week high of $90.74.

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Trex Company Profile

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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