Curi RMB Capital LLC Raises Holdings in Trex Company, Inc. (NYSE:TREX)

Curi RMB Capital LLC lifted its stake in shares of Trex Company, Inc. (NYSE:TREX - Free Report) by 27.2% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 68,149 shares of the construction company's stock after acquiring an additional 14,558 shares during the quarter. Curi RMB Capital LLC owned about 0.06% of Trex worth $4,537,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in TREX. Hantz Financial Services Inc. bought a new stake in Trex in the 2nd quarter valued at $31,000. UMB Bank n.a. grew its position in Trex by 150.8% in the third quarter. UMB Bank n.a. now owns 652 shares of the construction company's stock valued at $43,000 after acquiring an additional 392 shares during the period. Ashton Thomas Private Wealth LLC acquired a new stake in Trex during the 2nd quarter valued at $44,000. Quarry LP increased its holdings in shares of Trex by 576.4% in the second quarter. Quarry LP now owns 602 shares of the construction company's stock valued at $45,000 after purchasing an additional 513 shares in the last quarter. Finally, 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 during the last quarter. 95.96% of the stock is currently owned by institutional investors and hedge funds.

Trex Stock Down 3.6 %

TREX traded down $2.56 during trading on Friday, reaching $68.22. 1,150,980 shares of the company were exchanged, compared to its average volume of 1,022,596. The company's 50-day moving average is $67.39 and its two-hundred day moving average is $74.18. Trex Company, Inc. has a 12-month low of $58.68 and a 12-month high of $101.91. The company has a market cap of $7.31 billion, a price-to-earnings ratio of 31.15, a P/E/G ratio of 3.30 and a beta of 1.49.

Trex (NYSE:TREX - Get Free Report) last released its quarterly earnings data on Monday, October 28th. The construction company reported $0.37 EPS for the quarter, topping the consensus estimate of $0.32 by $0.05. The firm had revenue of $233.72 million for the quarter, compared to the consensus estimate of $225.42 million. Trex had a return on equity of 28.89% and a net margin of 20.23%. The company's quarterly revenue was down 23.1% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.57 earnings per share. Equities analysts forecast that Trex Company, Inc. will post 2.05 earnings per share for the current year.

Analyst Ratings Changes

A number of equities analysts recently weighed in on TREX shares. Bank of America dropped their price target on shares of Trex from $97.00 to $85.00 and set a "buy" rating on the stock in a research report on Wednesday, August 7th. BMO Capital Markets lifted their target price on shares of Trex from $67.00 to $72.00 and gave the stock a "market perform" rating in a research report on Tuesday, October 29th. Jefferies Financial Group lowered 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. JPMorgan Chase & Co. decreased their target price on shares of Trex from $95.00 to $69.00 and set a "neutral" rating for the company in a research report on Monday, August 12th. Finally, Loop Capital lowered shares of Trex from a "buy" rating to a "hold" rating and dropped their price target for the company from $95.00 to $75.00 in a research report on Wednesday, August 7th. Two research analysts have rated the stock with a sell rating, ten have given a hold rating and six have given a buy rating to the company's stock. According to MarketBeat.com, the stock has an average rating of "Hold" and an average price target of $79.94.

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.