Trex Company, Inc. (NYSE:TREX) Shares Sold by Bank Julius Baer & Co. Ltd Zurich

Bank Julius Baer & Co. Ltd Zurich reduced its position in Trex Company, Inc. (NYSE:TREX - Free Report) by 53.4% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 15,495 shares of the construction company's stock after selling 17,776 shares during the quarter. Bank Julius Baer & Co. Ltd Zurich's holdings in Trex were worth $1,180,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also made changes to their positions in the company. Wilmington Savings Fund Society FSB purchased a new position in shares of Trex in the 3rd quarter worth $30,000. Mather Group LLC. raised its position in Trex by 73.5% in the fourth quarter. Mather Group LLC. now owns 451 shares of the construction company's stock valued at $31,000 after purchasing an additional 191 shares during the period. Avior Wealth Management LLC raised its position in Trex by 1,212.8% in the fourth quarter. Avior Wealth Management LLC now owns 512 shares of the construction company's stock valued at $35,000 after purchasing an additional 473 shares during the period. Eagle Bay Advisors LLC purchased a new position in Trex in the fourth quarter valued at about $41,000. Finally, V Square Quantitative Management LLC raised its position in Trex by 47.4% in the fourth quarter. V Square Quantitative Management LLC now owns 628 shares of the construction company's stock valued at $43,000 after purchasing an additional 202 shares during the period. 95.96% of the stock is owned by hedge funds and other institutional investors.

Trex Price Performance

NYSE:TREX traded up $1.05 during mid-day trading on Wednesday, reaching $55.09. The stock had a trading volume of 2,286,326 shares, compared to its average volume of 1,132,424. The company has a market capitalization of $5.90 billion, a price-to-earnings ratio of 25.16, a price-to-earnings-growth ratio of 2.51 and a beta of 1.60. Trex Company, Inc. has a 1-year low of $52.35 and a 1-year high of $100.77. The stock's 50 day simple moving average is $67.08 and its two-hundred day simple moving average is $68.38.

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Trex (NYSE:TREX - Get Free Report) last posted its quarterly earnings results on Monday, February 24th. The construction company reported $0.09 EPS for the quarter, topping analysts' consensus estimates of $0.04 by $0.05. The business had revenue of $167.63 million during the quarter, compared to the consensus estimate of $160.54 million. Trex had a return on equity of 28.89% and a net margin of 20.23%. Sell-side analysts anticipate that Trex Company, Inc. will post 2.04 EPS for the current fiscal year.

Insider Buying and Selling

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 completion of the transaction, the director now directly owns 1,705 shares in the company, valued at $105,505.40. The trade was a 45.44 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Insiders own 0.71% of the company's stock.

Analyst Upgrades and Downgrades

Several research analysts have commented on TREX shares. Benchmark reissued a "buy" rating and issued a $80.00 price objective on shares of Trex in a research report on Monday, March 3rd. UBS Group cut their price objective on Trex from $76.00 to $74.00 and set a "neutral" rating on the stock in a research report on Tuesday, February 25th. Citigroup cut their price objective on Trex from $84.00 to $78.00 and set a "neutral" rating on the stock in a research report on Monday, January 6th. JPMorgan Chase & Co. cut their price objective on Trex from $79.00 to $73.00 and set a "neutral" rating on the stock in a research report on Wednesday, March 5th. Finally, Truist Financial cut their price objective on Trex from $100.00 to $90.00 and set a "buy" rating on the stock in a research report on Tuesday, February 25th. Two analysts have rated the stock with a sell rating, nine have given a hold rating and six have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, Trex has an average rating of "Hold" and a consensus target price of $78.63.

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.