Charles Schwab Investment Management Inc. lifted its position in shares of Trex Company, Inc. (NYSE:TREX - Free Report) by 2.7% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 926,624 shares of the construction company's stock after purchasing an additional 24,554 shares during the period. Charles Schwab Investment Management Inc. owned 0.86% of Trex worth $63,965,000 at the end of the most recent quarter.
Several other institutional investors also recently modified their holdings of TREX. Wilmington Savings Fund Society FSB acquired a new position in Trex in the 3rd quarter valued at about $30,000. Mather Group LLC. grew its stake in Trex by 73.5% in the 4th quarter. Mather Group LLC. now owns 451 shares of the construction company's stock valued at $31,000 after buying an additional 191 shares during the last quarter. Avior Wealth Management LLC grew its stake in Trex by 1,212.8% in the 4th quarter. Avior Wealth Management LLC now owns 512 shares of the construction company's stock valued at $35,000 after buying an additional 473 shares during the last quarter. Eagle Bay Advisors LLC acquired a new position in shares of Trex during the 4th quarter worth approximately $41,000. Finally, V Square Quantitative Management LLC grew its position in shares of Trex by 47.4% during the 4th quarter. V Square Quantitative Management LLC now owns 628 shares of the construction company's stock worth $43,000 after purchasing an additional 202 shares in the last quarter. 95.96% of the stock is currently owned by institutional investors and hedge funds.
Trex Stock Up 5.3 %
NYSE TREX traded up $2.88 on Friday, hitting $56.88. The company's stock had a trading volume of 2,039,224 shares, compared to its average volume of 1,144,632. Trex Company, Inc. has a 1-year low of $52.75 and a 1-year high of $100.77. The company's 50-day moving average is $66.26 and its 200 day moving average is $68.15. The firm has a market cap of $6.10 billion, a PE ratio of 25.97, a PEG ratio of 2.51 and a beta of 1.60.
Trex (NYSE:TREX - Get Free Report) last announced its quarterly earnings results on Monday, February 24th. The construction company reported $0.09 earnings per share (EPS) for the quarter, beating the consensus estimate 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 during the quarter, compared to analysts' expectations of $160.54 million. On average, equities analysts expect that Trex Company, Inc. will post 2.04 EPS for the current year.
Wall Street Analyst Weigh In
TREX has been the topic of a number of analyst reports. JPMorgan Chase & Co. decreased their target price on shares of Trex from $79.00 to $73.00 and set a "neutral" rating on the stock in a research report on Wednesday, March 5th. Jefferies Financial Group decreased their target price on shares of Trex from $81.00 to $71.00 and set a "hold" rating on the stock in a research report on Tuesday, February 25th. Truist Financial decreased their target price on shares of Trex from $100.00 to $90.00 and set a "buy" rating on the stock in a research report on Tuesday, February 25th. StockNews.com lowered shares of Trex from a "hold" rating to a "sell" rating in a research report on Wednesday, March 5th. Finally, UBS Group cut their price target on shares of Trex from $76.00 to $74.00 and set a "neutral" rating for the company in a report on Tuesday, February 25th. Two equities research 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's stock. According to MarketBeat, Trex currently has a consensus rating of "Hold" and an average price target of $78.63.
Check Out Our Latest Report on Trex
Insider Transactions at Trex
In other 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 directly owns 1,705 shares in the company, valued at $105,505.40. This represents a 45.44 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. 0.71% of the stock is currently owned by corporate insiders.
About Trex
(
Free Report)
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.
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