Grandeur Peak Global Advisors LLC Has $2.51 Million Stock Position in Trex Company, Inc. (NYSE:TREX)

Grandeur Peak Global Advisors LLC lowered its position in Trex Company, Inc. (NYSE:TREX - Free Report) by 18.8% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 36,352 shares of the construction company's stock after selling 8,429 shares during the quarter. Grandeur Peak Global Advisors LLC's holdings in Trex were worth $2,509,000 at the end of the most recent quarter.

Several other hedge funds also recently bought and sold shares of TREX. Wilmington Savings Fund Society FSB bought a new stake in shares of Trex in the 3rd quarter valued at approximately $30,000. Mather Group LLC. raised its holdings 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 buying an additional 191 shares in the last quarter. Avior Wealth Management LLC lifted its position in shares of Trex by 1,212.8% in the fourth quarter. Avior Wealth Management LLC now owns 512 shares of the construction company's stock worth $35,000 after buying an additional 473 shares during the last quarter. Huntington National Bank boosted its stake in shares of Trex by 227.2% during the 4th quarter. Huntington National Bank now owns 566 shares of the construction company's stock worth $39,000 after acquiring an additional 393 shares in the last quarter. Finally, Eagle Bay Advisors LLC acquired a new position in shares of Trex during the 4th quarter valued at about $41,000. 95.96% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several brokerages have commented on TREX. BMO Capital Markets upgraded Trex from a "market perform" rating to an "outperform" rating and set a $72.00 price target on the stock in a report on Thursday. DA Davidson reiterated a "neutral" rating and issued a $74.00 target price on shares of Trex in a report on Tuesday, February 25th. Barclays lowered their price target on Trex from $67.00 to $54.00 and set an "underweight" rating on the stock in a research report on Tuesday, April 8th. Citigroup decreased their target price on Trex from $78.00 to $60.00 and set a "neutral" rating for the company in a research note on Friday, April 11th. Finally, Jefferies Financial Group cut their price target on Trex from $81.00 to $71.00 and set a "hold" rating for the company in a report 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 stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and a consensus target price of $77.18.

Insider Buying and Selling

In related news, Director Melkeya Mcduffie sold 1,420 shares of the business'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 transaction of $87,869.60. Following the completion of the transaction, the director now owns 1,705 shares in the company, valued at approximately $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 Securities & Exchange Commission, which can be accessed through this link. 0.71% of the stock is owned by insiders.

Trex Trading Up 4.7 %

Trex stock traded up $2.50 during mid-day trading on Thursday, hitting $55.92. The stock had a trading volume of 718,756 shares, compared to its average volume of 1,298,915. The stock has a market capitalization of $6.00 billion, a PE ratio of 25.54, a P/E/G ratio of 2.51 and a beta of 1.62. Trex Company, Inc. has a 12 month low of $49.01 and a 12 month high of $94.00. The stock has a 50-day simple moving average of $59.31 and a two-hundred day simple moving average of $66.67.

Trex (NYSE:TREX - Get Free Report) last issued its quarterly earnings results on Monday, February 24th. The construction company reported $0.09 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 company had revenue of $167.63 million during the quarter, compared to analysts' expectations of $160.54 million. Sell-side analysts expect that Trex Company, Inc. will post 2.04 earnings per share for the current fiscal year.

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.