Entropy Technologies LP Grows Position in Trex Company, Inc. (NYSE:TREX)

Entropy Technologies LP raised its holdings in shares of Trex Company, Inc. (NYSE:TREX - Free Report) by 287.1% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 16,811 shares of the construction company's stock after buying an additional 12,468 shares during the quarter. Entropy Technologies LP's holdings in Trex were worth $1,119,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently bought and sold shares of the stock. Hantz Financial Services Inc. bought a new stake in Trex in the second quarter valued at approximately $31,000. Ashton Thomas Private Wealth LLC acquired a new position in Trex during the 2nd quarter worth approximately $44,000. Quarry LP increased its stake in Trex by 576.4% in the 2nd quarter. Quarry LP now owns 602 shares of the construction company's stock valued at $45,000 after buying an additional 513 shares during the last quarter. Mather Group LLC. boosted its holdings in shares of Trex by 142.3% in the 2nd quarter. Mather Group LLC. now owns 630 shares of the construction company's stock valued at $47,000 after buying an additional 370 shares during the last quarter. Finally, UMB Bank n.a. grew its position in shares of Trex by 150.8% in the 3rd 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. 95.96% of the stock is currently owned by institutional investors and hedge funds.

Trex Price Performance

NYSE:TREX traded down $1.82 during trading hours on Thursday, hitting $70.82. The company had a trading volume of 1,338,159 shares, compared to its average volume of 1,022,015. Trex Company, Inc. has a 52 week low of $58.68 and a 52 week high of $101.91. The company has a market capitalization of $7.59 billion, a PE ratio of 32.34, a price-to-earnings-growth ratio of 3.29 and a beta of 1.49. The stock has a 50-day moving average price of $67.26 and a 200 day moving average price of $74.33.

Trex (NYSE:TREX - Get Free Report) last issued its earnings results on Monday, October 28th. The construction company reported $0.37 earnings per share for the quarter, topping the consensus estimate of $0.32 by $0.05. The company had revenue of $233.72 million during the quarter, compared to the consensus estimate 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 quarter in the prior year, the firm posted $0.57 EPS. Analysts anticipate that Trex Company, Inc. will post 2.05 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several equities analysts recently commented on TREX shares. DA Davidson upped their price target on shares of Trex from $70.00 to $74.00 and gave the company a "neutral" rating in a research note on Tuesday, October 29th. StockNews.com downgraded Trex from a "hold" rating to a "sell" rating in a research note on Tuesday, October 29th. Benchmark lowered their target price on Trex from $105.00 to $80.00 and set a "buy" rating for the company in a report on Thursday, August 8th. Stifel Nicolaus decreased their price target on shares of Trex from $110.00 to $85.00 and set a "buy" rating for the company in a research report on Wednesday, August 7th. Finally, Stephens lowered Trex from an "overweight" rating to an "equal weight" rating and cut their price objective for the stock from $115.00 to $72.00 in a research note on Wednesday, August 7th. Two analysts have rated the stock with a sell rating, ten have issued a hold rating and six have issued a buy rating to the company. According to MarketBeat, the company 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.