GSA Capital Partners LLP Acquires Shares of 9,397 Trex Company, Inc. (NYSE:TREX)

GSA Capital Partners LLP purchased a new stake in Trex Company, Inc. (NYSE:TREX - Free Report) in the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund purchased 9,397 shares of the construction company's stock, valued at approximately $626,000.

Several other large investors have also made changes to their positions in the company. Hantz Financial Services Inc. acquired a new position in shares of Trex in the 2nd quarter valued at approximately $31,000. UMB Bank n.a. lifted its holdings in shares of Trex by 150.8% during the third quarter. UMB Bank n.a. now owns 652 shares of the construction company's stock worth $43,000 after buying an additional 392 shares in the last quarter. Ashton Thomas Private Wealth LLC bought a new stake in shares of Trex during the 2nd quarter valued at $44,000. Quarry LP lifted its stake in Trex by 576.4% during the second quarter. Quarry LP now owns 602 shares of the construction company's stock worth $45,000 after purchasing an additional 513 shares during the last quarter. Finally, Mather Group LLC. grew its holdings in shares of Trex by 142.3% during the 2nd quarter. Mather Group LLC. now owns 630 shares of the construction company's stock valued at $47,000 after purchasing an additional 370 shares during the last quarter. Institutional investors and hedge funds own 95.96% of the company's stock.

Trex Stock Performance

NYSE:TREX traded down $0.26 during mid-day trading on Tuesday, reaching $67.43. The stock had a trading volume of 1,122,586 shares, compared to its average volume of 1,022,536. The stock has a market capitalization of $7.22 billion, a P/E ratio of 30.79, a P/E/G ratio of 3.10 and a beta of 1.49. The firm has a 50 day moving average price of $67.39 and a two-hundred day moving average price of $73.98. Trex Company, Inc. has a one year low of $58.68 and a one year high of $101.91.

Trex (NYSE:TREX - Get Free Report) last announced its quarterly earnings data on Monday, October 28th. The construction company reported $0.37 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.32 by $0.05. The company had revenue of $233.72 million during the quarter, compared to analysts' expectations of $225.42 million. Trex had a net margin of 20.23% and a return on equity of 28.89%. The firm's revenue was down 23.1% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.57 EPS. Research analysts forecast that Trex Company, Inc. will post 2.05 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of equities research analysts have commented on the company. Robert W. Baird upped their price target on Trex from $70.00 to $78.00 and gave the company a "neutral" rating in a research report on Tuesday, October 29th. Loop Capital downgraded Trex from a "buy" rating to a "hold" rating and lowered their price objective for the stock from $95.00 to $75.00 in a research note on Wednesday, August 7th. UBS Group dropped their target price on shares of Trex from $104.00 to $79.00 and set a "neutral" rating on the stock in a research report on Wednesday, August 7th. Bank of America reduced their target price on shares of Trex from $97.00 to $85.00 and set a "buy" rating for the company in a research report on Wednesday, August 7th. Finally, DA Davidson lifted their target price on shares of Trex from $70.00 to $74.00 and gave the stock a "neutral" rating in a research note on Tuesday, October 29th. Two investment analysts have rated the stock with a sell rating, ten have assigned a hold rating and six have issued a buy rating to the company's stock. Based on data from MarketBeat, Trex has an average rating of "Hold" and an average target price of $79.94.

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.