Amundi Raises Stake in Trex Company, Inc. (NYSE:TREX)

Amundi grew its stake in Trex Company, Inc. (NYSE:TREX - Free Report) by 12.9% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 259,112 shares of the construction company's stock after buying an additional 29,604 shares during the quarter. Amundi owned 0.24% of Trex worth $17,137,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also made changes to their positions in the company. Wasatch Advisors LP lifted its stake in Trex by 33.2% in the third quarter. Wasatch Advisors LP now owns 4,076,408 shares of the construction company's stock worth $271,407,000 after acquiring an additional 1,015,516 shares during the last quarter. State Street Corp raised its holdings in shares of Trex by 1.2% in the 3rd quarter. State Street Corp now owns 3,183,444 shares of the construction company's stock valued at $211,954,000 after purchasing an additional 37,436 shares in the last quarter. Conestoga Capital Advisors LLC lifted its position in shares of Trex by 0.9% during the 4th quarter. Conestoga Capital Advisors LLC now owns 1,967,748 shares of the construction company's stock worth $135,834,000 after purchasing an additional 17,405 shares during the last quarter. Geode Capital Management LLC grew its stake in shares of Trex by 1.9% during the third quarter. Geode Capital Management LLC now owns 1,873,455 shares of the construction company's stock worth $124,766,000 after purchasing an additional 35,039 shares in the last quarter. Finally, AustralianSuper Pty Ltd purchased a new position in Trex in the fourth quarter valued at $110,414,000. 95.96% of the stock is owned by institutional investors and hedge funds.

Trex Stock Performance

Trex stock traded up $0.87 during mid-day trading on Monday, reaching $57.71. 1,952,890 shares of the company were exchanged, compared to its average volume of 1,147,864. The firm has a market cap of $6.18 billion, a PE ratio of 26.35, a price-to-earnings-growth ratio of 2.51 and a beta of 1.60. The firm's 50-day simple moving average is $66.26 and its two-hundred day simple moving average is $68.18. Trex Company, Inc. has a twelve month low of $52.75 and a twelve month high of $100.77.

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Trex (NYSE:TREX - Get Free Report) last posted its quarterly earnings data on Monday, February 24th. The construction company reported $0.09 earnings per share for the quarter, beating analysts' consensus estimates of $0.04 by $0.05. The firm had revenue of $167.63 million for the quarter, compared to analyst estimates of $160.54 million. Trex had a net margin of 20.23% and a return on equity of 28.89%. As a group, equities research analysts anticipate that Trex Company, Inc. will post 2.04 EPS for the current year.

Analyst Ratings Changes

TREX has been the subject of a number of recent analyst reports. Bank of America decreased their price target on Trex from $85.00 to $79.00 and set a "buy" rating for the company in a report on Tuesday, February 25th. DA Davidson reaffirmed a "neutral" rating and issued a $74.00 price target on shares of Trex in a report on Tuesday, February 25th. StockNews.com cut shares of Trex from a "hold" rating to a "sell" rating in a report on Wednesday, March 5th. Jefferies Financial Group lowered their target price on shares of Trex from $81.00 to $71.00 and set a "hold" rating for the company in a report on Tuesday, February 25th. Finally, Benchmark reaffirmed a "buy" rating and issued a $80.00 target price on shares of Trex in a research report on Monday, March 3rd. Two investment analysts have rated the stock with a sell rating, nine have assigned a hold rating and six have assigned a buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus price target of $78.63.

Insider Transactions at Trex

In other Trex news, Director Melkeya Mcduffie sold 1,420 shares of Trex stock in a transaction that occurred on Friday, February 28th. The stock was sold at an average price of $61.88, for a total value of $87,869.60. Following the sale, the director now owns 1,705 shares of the company's stock, valued at approximately $105,505.40. The trade was a 45.44 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 0.71% of the company's stock.

Trex Profile

Trex Company, Inc manufactures and distributes composite decking, railing, and outdoor living products and accessories for residential and commercial markets in the United States. It offers decking products and accessories under the names Trex Transcend, Trex Select, Trex Signature, Trex Transcend Lineage, and Trex Enhance for protection against fading, staining, mold, and scratching; Trex Hideaway, a hidden fastening system; and Trex DeckLighting, a LED dimmable deck lighting for use on posts, floors, and steps.