Farringdon Capital Ltd. Buys New Shares in Trex Company, Inc. (NYSE:TREX)

Farringdon Capital Ltd. bought a new stake in shares of Trex Company, Inc. (NYSE:TREX - Free Report) during the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund bought 4,587 shares of the construction company's stock, valued at approximately $317,000.

A number of other hedge funds also recently modified their holdings of TREX. Wilmington Savings Fund Society FSB acquired a new position in Trex in the 3rd quarter valued at approximately $30,000. Mather Group LLC. boosted its position in Trex by 73.5% during the fourth quarter. Mather Group LLC. now owns 451 shares of the construction company's stock valued at $31,000 after purchasing an additional 191 shares during the last quarter. Avior Wealth Management LLC grew its stake in Trex by 1,212.8% in the fourth quarter. Avior Wealth Management LLC now owns 512 shares of the construction company's stock valued at $35,000 after purchasing an additional 473 shares in the last quarter. Huntington National Bank increased its position in Trex by 227.2% in the 4th quarter. Huntington National Bank now owns 566 shares of the construction company's stock worth $39,000 after purchasing an additional 393 shares during the last quarter. Finally, Eagle Bay Advisors LLC purchased a new stake in shares of Trex during the 4th quarter worth about $41,000. Hedge funds and other institutional investors own 95.96% of the company's stock.

Trex Stock Up 2.7 %

Shares of TREX traded up $1.48 on Wednesday, hitting $56.70. The company's stock had a trading volume of 1,503,241 shares, compared to its average volume of 1,658,649. The firm has a market capitalization of $6.08 billion, a price-to-earnings ratio of 25.89, a P/E/G ratio of 2.51 and a beta of 1.62. The firm's fifty day moving average price is $58.23 and its 200-day moving average price is $66.33. Trex Company, Inc. has a fifty-two week low of $49.01 and a fifty-two week high of $94.00.

Trex (NYSE:TREX - Get Free Report) last issued its quarterly earnings data on Monday, February 24th. The construction company reported $0.09 EPS for the quarter, topping analysts' consensus estimates of $0.04 by $0.05. The business 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%. As a group, equities analysts predict that Trex Company, Inc. will post 2.04 earnings per share for the current fiscal year.

Insider Transactions at Trex

In other news, Director Melkeya Mcduffie sold 1,420 shares of the business's stock in a transaction 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 owns 1,705 shares of the company's stock, valued at $105,505.40. The trade was a 45.44 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 0.71% of the stock is owned by insiders.

Analysts Set New Price Targets

Several research firms recently issued reports on TREX. Citigroup reduced their price objective on shares of Trex from $78.00 to $60.00 and set a "neutral" rating for the company in a research note on Friday, April 11th. BMO Capital Markets upgraded Trex from a "market perform" rating to an "outperform" rating and set a $72.00 price target for the company in a research note on Thursday, April 17th. Benchmark reissued a "buy" rating and set a $80.00 price objective on shares of Trex in a report on Monday, March 3rd. Bank of America decreased their target price on Trex from $85.00 to $79.00 and set a "buy" rating for the company in a research report on Tuesday, February 25th. Finally, DA Davidson restated a "neutral" rating and issued a $74.00 price objective on shares of Trex in a research note on Tuesday, February 25th. Two research analysts have rated the stock with a sell rating, eight have assigned a hold rating and eight have given a buy rating to the company's stock. According to MarketBeat.com, the stock has an average rating of "Hold" and a consensus target price of $77.18.

Trex 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.