Lansforsakringar Fondforvaltning AB publ Takes Position in Trex Company, Inc. $TREX

Lansforsakringar Fondforvaltning AB publ purchased a new position in Trex Company, Inc. (NYSE:TREX) during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The firm purchased 282,484 shares of the construction company’s stock, valued at approximately $14,596,000. Lansforsakringar Fondforvaltning AB publ owned approximately 0.26% of Trex at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of TREX. Maridea Wealth Management LLC acquired a new position in shares of Trex in the third quarter worth about $1,225,000. Rothschild Investment LLC purchased a new stake in shares of Trex in the 3rd quarter valued at approximately $60,000. Summitry LLC lifted its position in shares of Trex by 15.9% in the 3rd quarter. Summitry LLC now owns 5,362 shares of the construction company’s stock valued at $277,000 after acquiring an additional 735 shares in the last quarter. Texas Yale Capital Corp. boosted its stake in Trex by 25.7% in the 3rd quarter. Texas Yale Capital Corp. now owns 9,421 shares of the construction company’s stock worth $487,000 after purchasing an additional 1,925 shares during the period. Finally, Assetmark Inc. grew its position in Trex by 3,769.6% during the 3rd quarter. Assetmark Inc. now owns 2,167 shares of the construction company’s stock worth $112,000 after purchasing an additional 2,111 shares in the last quarter. Institutional investors and hedge funds own 95.96% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on the company. William Blair lowered Trex from an “outperform” rating to a “market perform” rating in a report on Wednesday, November 5th. Deutsche Bank Aktiengesellschaft lowered Trex from a “buy” rating to a “hold” rating and set a $40.00 price target on the stock. in a research report on Wednesday, November 5th. DA Davidson raised Trex from a “neutral” rating to a “buy” rating and increased their price objective for the stock from $45.00 to $50.00 in a research note on Monday, January 12th. Wall Street Zen lowered Trex from a “hold” rating to a “sell” rating in a research report on Saturday, January 10th. Finally, Benchmark downgraded Trex from a “buy” rating to a “hold” rating in a report on Wednesday, February 11th. Nine research analysts have rated the stock with a Buy rating, eleven have issued a Hold rating and three have given a Sell rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $47.38.

Trex Stock Performance

Shares of NYSE TREX opened at $40.25 on Tuesday. The business has a 50 day simple moving average of $40.16 and a 200 day simple moving average of $45.77. Trex Company, Inc. has a 52 week low of $29.77 and a 52 week high of $68.78. The stock has a market cap of $4.32 billion, a price-to-earnings ratio of 21.87 and a beta of 1.58.

Trex Profile

Trex Company, Inc is a leading manufacturer of wood-alternative decking and railing systems designed for residential and commercial outdoor living environments. The company’s core offerings feature composite decking products made from a proprietary blend of recycled wood fibers and plastic film, which deliver enhanced durability, resistance to rot and insect damage, and low maintenance compared to traditional wood. Trex also provides matching railing, lighting, fencing and cladding solutions that allow customers to create cohesive, high-performance outdoor spaces.

Trex’s product portfolio is organized into multiple performance tiers, including premium, mid-range and value-oriented lines.