9,805 Shares in Trex Company, Inc. (NYSE:TREX) Acquired by Bank of Hawaii

Bank of Hawaii purchased a new stake in Trex Company, Inc. (NYSE:TREX - Free Report) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 9,805 shares of the construction company's stock, valued at approximately $677,000.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Alliancebernstein L.P. increased its holdings in shares of Trex by 54.5% in the fourth quarter. Alliancebernstein L.P. now owns 10,819,326 shares of the construction company's stock valued at $746,858,000 after purchasing an additional 3,818,025 shares during the last quarter. State Street Corp raised its stake in Trex by 1.2% during the third quarter. State Street Corp now owns 3,183,444 shares of the construction company's stock worth $211,954,000 after acquiring an additional 37,436 shares in the last quarter. Conestoga Capital Advisors LLC boosted its holdings 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 valued at $135,834,000 after acquiring an additional 17,405 shares in the last quarter. Geode Capital Management LLC raised 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 valued at $124,766,000 after acquiring an additional 35,039 shares during the last quarter. Finally, AustralianSuper Pty Ltd acquired a new position in shares of Trex in the fourth quarter worth approximately $110,414,000. Institutional investors own 95.96% of the company's stock.

Trex Stock Performance

Shares of NYSE TREX traded down $0.37 during mid-day trading on Tuesday, reaching $54.91. 477,470 shares of the company traded hands, compared to its average volume of 1,293,323. The company's fifty day moving average is $60.02 and its two-hundred day moving average is $66.85. Trex Company, Inc. has a fifty-two week low of $49.01 and a fifty-two week high of $94.00. The stock has a market cap of $5.89 billion, a PE ratio of 25.07, a price-to-earnings-growth ratio of 2.51 and a beta of 1.62.

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

Insider Transactions at Trex

In related news, Director Melkeya Mcduffie sold 1,420 shares of Trex stock in a transaction that occurred on Friday, February 28th. The shares were sold at an average price of $61.88, for a total value of $87,869.60. Following the transaction, the director now directly owns 1,705 shares of the company's stock, valued at $105,505.40. This trade represents a 45.44 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. 0.71% of the stock is currently owned by insiders.

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on TREX shares. Jefferies Financial Group lowered their target price on shares of Trex from $81.00 to $71.00 and set a "hold" rating on the stock in a report on Tuesday, February 25th. UBS Group cut their price objective on shares of Trex from $76.00 to $74.00 and set a "neutral" rating for the company in a research report on Tuesday, February 25th. StockNews.com cut Trex from a "hold" rating to a "sell" rating in a report on Wednesday, March 5th. Bank of America lowered their price objective on shares of Trex from $85.00 to $79.00 and set a "buy" rating for the company in a report on Tuesday, February 25th. Finally, JPMorgan Chase & Co. reduced their price target on Trex from $79.00 to $73.00 and set a "neutral" rating on the stock in a report on Wednesday, March 5th. Two equities research analysts have rated the stock with a sell rating, nine have given a hold rating and seven have assigned a buy rating to the company's stock. According to data from MarketBeat.com, the company has an average rating of "Hold" and an average price target of $77.18.

Trex Company 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.