Wasatch Advisors Reduces $3M in Trex Company, Inc. ($TREX)
Key Points
- Wasatch Advisors changed its Trex Company, Inc. ($TREX) stake by 1.8% last quarter, cutting to 3,536,750 shares worth $163.89 million.
- Wall Street's consensus rating on $TREX is Buy and an average price target of $47.95.
- $TREX last traded around $46.34.
Wasatch Advisors trimmed its position in Trex Company, Inc. ($TREX) by 1.8% during the most recent quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 3,536,750 shares of Trex Company, Inc. after selling 64,713 shares during the quarter. Wasatch Advisors's holdings in Trex Company, Inc. were worth $163.89 million as of its most recent filing.
Trex Company, Inc. ($TREX) Stock
Trex Company, Inc. Earnings
Analysts Set New Price Targets
About Trex Company, Inc.
Trex Company, Inc. manufactures and sells composite decking and railing products in the United States. It offers decking products and accessories that can be used for protection against fading, staining, mold, and scratching, including Trex Transcend, which are decking products that can also be used as cladding; Trex Signature; Trex Transcend Lineage; Trex Select; Trex Enhance; Trex Hideaway fastener collection; and Trex DeckLighting, an outdoor lighting system that includes a post cap, deck rail, riser, a soffit, and a recessed deck lights. The company also offers railing products, such as Trex Signature X-Series Railing, Trex Signature aluminum railing, Trex Transcend Railing, Trex Select Railing, Trex Select T-Rail, Trex Enhance Railing; and fencing products, which includes Trex Seclusions that consists of structural posts, bottom rails, pickets, top rails, and decorative post caps. In addition, it acts as a licensor in various licensing agreements with third parties to manufacture and sell products under the Trex name, including Trex Outdoor Furniture; Trex RainEscape, an above joist deck drainage system; Trex Protect joist, beam and rim tape, a self-adhesive butyl tape that protects wooden deck framing/substructure elements; Trex RainEscape Soffit Light, a plug-and-play LED Soffit light that is installed in the under-deck ceiling of a two-story deck; Trex Seal Ledger Flashing Tape, butyl flashing tape with an aluminum liner; Trex Pergola, Pergolas made from low maintenance aluminum reinforced cellular PVC; Trex Lattice outdoor boards; Trex Cornhole boards; Trex Blade, a specialty saw blade for wood-alternative composite decking; Trex SpiralStairs; and Trex Outdoor Kitchen cabinetry. The company sells its products through wholesale distributors, retail lumber dealers, and Home Depot and Lowe's stores. Trex Company, Inc. was founded in 1996 and is headquartered in Winchester, Virginia.
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