Capital Fund Management S.A. Reduces Stock Holdings in Trex Company, Inc. (NYSE:TREX)

Capital Fund Management S.A. cut its holdings in Trex Company, Inc. (NYSE:TREX - Free Report) by 28.7% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 113,534 shares of the construction company's stock after selling 45,645 shares during the period. Capital Fund Management S.A. owned about 0.11% of Trex worth $7,837,000 at the end of the most recent quarter.

Other institutional investors also recently modified their holdings of the company. Bank of Hawaii purchased a new position in shares of Trex during the 4th quarter valued at $677,000. Bessemer Group Inc. raised its stake in Trex by 9.1% in the 4th quarter. Bessemer Group Inc. now owns 2,034 shares of the construction company's stock valued at $140,000 after acquiring an additional 170 shares during the period. Raymond James Financial Inc. purchased a new stake in Trex during the fourth quarter valued at about $17,677,000. Advisory Services Network LLC boosted its position in Trex by 18.6% during the fourth quarter. Advisory Services Network LLC now owns 14,120 shares of the construction company's stock worth $975,000 after purchasing an additional 2,214 shares during the period. Finally, Polymer Capital Management US LLC purchased a new position in shares of Trex in the fourth quarter worth about $2,133,000. 95.96% of the stock is owned by institutional investors.

Trex Stock Performance

TREX traded up $2.23 during midday trading on Friday, hitting $55.65. The stock had a trading volume of 1,699,428 shares, compared to its average volume of 1,305,429. The company has a market cap of $5.97 billion, a P/E ratio of 25.41, a price-to-earnings-growth ratio of 2.51 and a beta of 1.62. Trex Company, Inc. has a 1 year low of $49.01 and a 1 year high of $94.00. The business has a fifty day moving average of $59.02 and a 200 day moving average of $66.60.

Trex (NYSE:TREX - Get Free Report) last released its earnings results on Monday, February 24th. The construction company reported $0.09 EPS for the quarter, beating the consensus estimate of $0.04 by $0.05. The company 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%. On average, equities research analysts anticipate that Trex Company, Inc. will post 2.04 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several research analysts recently commented on TREX shares. Deutsche Bank Aktiengesellschaft began coverage on shares of Trex in a report on Tuesday, April 1st. They issued a "buy" rating and a $85.00 price objective for the company. JPMorgan Chase & Co. cut their price target on Trex from $79.00 to $73.00 and set a "neutral" rating for the company in a report on Wednesday, March 5th. UBS Group decreased their price objective on Trex from $76.00 to $74.00 and set a "neutral" rating on the stock in a research note on Tuesday, February 25th. Bank of America cut their target price on Trex from $85.00 to $79.00 and set a "buy" rating for the company in a research note on Tuesday, February 25th. Finally, StockNews.com cut Trex from a "hold" rating to a "sell" rating in a research report on Wednesday, March 5th. Two research analysts have rated the stock with a sell rating, eight have given a hold rating and eight have given a buy rating to the company's stock. According to data from MarketBeat, the stock has a consensus rating of "Hold" and a consensus target price of $77.18.

Insider Activity at Trex

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

About Trex

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.