Bank of Montreal Can Boosts Position in Trex Company, Inc. (NYSE:TREX)

Bank of Montreal Can boosted its holdings in shares of Trex Company, Inc. (NYSE:TREX - Free Report) by 227.7% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 120,162 shares of the construction company's stock after buying an additional 83,491 shares during the quarter. Bank of Montreal Can owned approximately 0.11% of Trex worth $8,158,000 as of its most recent SEC filing.

A number of other large investors also recently bought and sold shares of TREX. Hantz Financial Services Inc. purchased a new position in shares of Trex in the 2nd quarter worth approximately $31,000. Ashton Thomas Private Wealth LLC purchased a new stake in shares of Trex during the 2nd quarter valued at $44,000. Quarry LP lifted its holdings in shares of Trex by 576.4% during the 2nd quarter. Quarry LP now owns 602 shares of the construction company's stock valued at $45,000 after purchasing an additional 513 shares during the last quarter. Mather Group LLC. boosted its position in shares of Trex by 142.3% in the 2nd quarter. Mather Group LLC. now owns 630 shares of the construction company's stock worth $47,000 after purchasing an additional 370 shares in the last quarter. Finally, UMB Bank n.a. increased its position in Trex by 150.8% during the 3rd quarter. UMB Bank n.a. now owns 652 shares of the construction company's stock valued at $43,000 after buying an additional 392 shares in the last quarter. Institutional investors own 95.96% of the company's stock.

Wall Street Analysts Forecast Growth

Several research firms have recently commented on TREX. DA Davidson lifted their price objective on shares of Trex from $70.00 to $74.00 and gave the stock a "neutral" rating in a research note on Tuesday, October 29th. Truist Financial decreased their target price on Trex from $120.00 to $100.00 and set a "buy" rating for the company in a report on Wednesday, August 7th. Robert W. Baird increased their price target on shares of Trex from $70.00 to $78.00 and gave the stock a "neutral" rating in a report on Tuesday, October 29th. Jefferies Financial Group decreased their price objective on shares of Trex from $77.00 to $73.00 and set a "hold" rating for the company in a research note on Wednesday, October 9th. Finally, Stifel Nicolaus cut their price objective on shares of Trex from $110.00 to $85.00 and set a "buy" rating on the stock in a research note on Wednesday, August 7th. Two investment analysts have rated the stock with a sell rating, ten have assigned a hold rating and six have issued a buy rating to the stock. According to data from MarketBeat.com, Trex currently has an average rating of "Hold" and a consensus price target of $79.94.

Trex Price Performance

NYSE TREX traded up $1.60 on Tuesday, hitting $77.12. The company had a trading volume of 994,978 shares, compared to its average volume of 1,018,021. The company's fifty day moving average price is $68.87 and its 200-day moving average price is $72.51. The company has a market capitalization of $8.26 billion, a PE ratio of 35.21, a PEG ratio of 3.44 and a beta of 1.49. Trex Company, Inc. has a 12-month low of $58.68 and a 12-month high of $101.91.

Trex (NYSE:TREX - Get Free Report) last issued its quarterly earnings results on Monday, October 28th. The construction company reported $0.37 earnings per share for the quarter, beating analysts' consensus estimates of $0.32 by $0.05. The firm had revenue of $233.72 million for the quarter, compared to analyst estimates of $225.42 million. Trex had a net margin of 20.23% and a return on equity of 28.89%. Trex's quarterly revenue was down 23.1% compared to the same quarter last year. During the same period last year, the company posted $0.57 EPS. On average, sell-side analysts anticipate that Trex Company, Inc. will post 2.05 EPS for the current year.

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.