Trex Company, Inc. (NYSE:TREX) Shares Sold by Erste Asset Management GmbH

Erste Asset Management GmbH lessened its stake in Trex Company, Inc. (NYSE:TREX - Free Report) by 4.2% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 226,161 shares of the construction company's stock after selling 10,032 shares during the quarter. Erste Asset Management GmbH owned 0.21% of Trex worth $15,899,000 at the end of the most recent quarter.

A number of other large investors have also made changes to their positions in the stock. Principal Securities Inc. increased its holdings in shares of Trex by 5.0% in the 4th quarter. Principal Securities Inc. now owns 3,082 shares of the construction company's stock valued at $213,000 after purchasing an additional 147 shares in the last quarter. Pacer Advisors Inc. increased its holdings in shares of Trex by 0.9% in the 4th quarter. Pacer Advisors Inc. now owns 15,970 shares of the construction company's stock valued at $1,102,000 after purchasing an additional 148 shares in the last quarter. CIBC Asset Management Inc increased its holdings in shares of Trex by 5.5% in the 4th quarter. CIBC Asset Management Inc now owns 3,335 shares of the construction company's stock valued at $230,000 after purchasing an additional 175 shares in the last quarter. First Horizon Advisors Inc. increased its holdings in shares of Trex by 8.8% in the 3rd quarter. First Horizon Advisors Inc. now owns 2,282 shares of the construction company's stock valued at $152,000 after purchasing an additional 184 shares in the last quarter. Finally, Mather Group LLC. increased its holdings in shares of 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 purchasing an additional 191 shares in the last quarter. Hedge funds and other institutional investors own 95.96% of the company's stock.

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Trex Trading Up 0.8 %

Shares of NYSE TREX traded up $0.47 during midday trading on Tuesday, reaching $58.07. 1,482,913 shares of the stock were exchanged, compared to its average volume of 1,149,090. The company has a market capitalization of $6.22 billion, a P/E ratio of 26.52, a P/E/G ratio of 2.51 and a beta of 1.60. Trex Company, Inc. has a 52-week low of $52.75 and a 52-week high of $100.77. The stock has a 50 day moving average price of $66.01 and a 200-day moving average price of $68.14.

Trex (NYSE:TREX - Get Free Report) last released its earnings results on Monday, February 24th. The construction company reported $0.09 earnings per share (EPS) for the quarter, topping 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 business had revenue of $167.63 million for the quarter, compared to analysts' expectations of $160.54 million. On average, analysts forecast that Trex Company, Inc. will post 2.04 earnings per share for the current year.

Insider Buying and Selling

In related news, Director Melkeya Mcduffie sold 1,420 shares of the firm's stock in a transaction that occurred on Friday, February 28th. The shares were sold at an average price of $61.88, for a total value of $87,869.60. Following the sale, the director now directly owns 1,705 shares of the company's stock, valued at approximately $105,505.40. This trade represents a 45.44 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 0.71% of the company's stock.

Analyst Ratings Changes

A number of equities analysts have recently issued reports on TREX shares. Citigroup cut their price target on shares of Trex from $84.00 to $78.00 and set a "neutral" rating for the company in a report on Monday, January 6th. Truist Financial dropped their target price on shares of Trex from $100.00 to $90.00 and set a "buy" rating for the company in a report on Tuesday, February 25th. DA Davidson restated a "neutral" rating and set a $74.00 target price on shares of Trex in a report on Tuesday, February 25th. StockNews.com downgraded shares of Trex from a "hold" rating to a "sell" rating in a report on Wednesday, March 5th. Finally, Bank of America dropped their target price on shares of Trex from $85.00 to $79.00 and set a "buy" 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 issued a hold rating and six have assigned a buy rating to the company's stock. According to MarketBeat.com, the company currently has an average rating of "Hold" and a consensus target price of $78.63.

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.