Trex Company, Inc. (NYSE:TREX) Shares Sold by Geode Capital Management LLC

Geode Capital Management LLC lessened its holdings in shares of Trex Company, Inc. (NYSE:TREX - Free Report) by 1.0% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 1,855,551 shares of the construction company's stock after selling 17,904 shares during the period. Geode Capital Management LLC owned approximately 1.73% of Trex worth $128,128,000 as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. Wilmington Savings Fund Society FSB purchased a new stake in Trex during the 3rd quarter worth 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 worth $31,000 after acquiring an additional 191 shares during the period. Avior Wealth Management LLC raised its holdings 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 acquiring an additional 473 shares during the last quarter. Eagle Bay Advisors LLC acquired a new position in Trex in the 4th quarter valued at $41,000. Finally, V Square Quantitative Management LLC lifted its stake 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 during the period. Hedge funds and other institutional investors own 95.96% of the company's stock.

Insider Transactions at Trex

In related news, Director Melkeya Mcduffie sold 1,420 shares of the company's stock in a transaction that occurred on Friday, February 28th. The stock was sold at an average price of $61.88, for a total transaction 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 represents a 45.44 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Insiders own 0.71% of the company's stock.

Trex Trading Up 0.4 %

TREX stock traded up $0.24 during trading on Monday, reaching $55.19. The stock had a trading volume of 167,610 shares, compared to its average volume of 1,288,056. The firm has a fifty day moving average price of $60.36 and a 200 day moving average price of $66.94. The company has a market capitalization of $5.92 billion, a P/E ratio of 25.20, a PEG ratio of 2.51 and a beta of 1.62. Trex Company, Inc. has a 1-year low of $49.01 and a 1-year 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 earnings per share for the quarter, beating analysts' consensus estimates of $0.04 by $0.05. The firm had revenue of $167.63 million during the quarter, compared to analyst estimates of $160.54 million. Trex had a return on equity of 28.89% and a net margin of 20.23%. Sell-side analysts predict that Trex Company, Inc. will post 2.04 EPS for the current year.

Analyst Upgrades and Downgrades

Several research firms recently commented on TREX. Barclays dropped their target price on Trex from $67.00 to $54.00 and set an "underweight" rating for the company in a research note on Tuesday, April 8th. UBS Group dropped their price objective on shares of Trex from $76.00 to $74.00 and set a "neutral" rating for the company in a research note on Tuesday, February 25th. 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. StockNews.com lowered shares of Trex from a "hold" rating to a "sell" rating in a research report on Wednesday, March 5th. Finally, Truist Financial decreased their price target on shares of Trex from $100.00 to $90.00 and set a "buy" rating on the stock in a report on Tuesday, February 25th. Two investment analysts have rated the stock with a sell rating, nine have assigned a hold rating and seven have assigned a buy rating to the company's stock. According to MarketBeat, the stock has a consensus rating of "Hold" and a consensus target price of $77.18.

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.