Trex Company, Inc. (NYSE:TREX) Stake Boosted by Holocene Advisors LP

Holocene Advisors LP grew its position in Trex Company, Inc. (NYSE:TREX - Free Report) by 25.1% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 109,812 shares of the construction company's stock after purchasing an additional 22,054 shares during the period. Holocene Advisors LP owned about 0.10% of Trex worth $7,311,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Hantz Financial Services Inc. bought a new position in Trex in the 2nd quarter valued at approximately $31,000. UMB Bank n.a. grew its position 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 valued at $43,000 after purchasing an additional 392 shares in the last quarter. Ashton Thomas Private Wealth LLC bought a new position in shares of Trex in the 2nd quarter valued at about $44,000. Quarry LP lifted its stake in Trex by 576.4% in 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. lifted its stake in Trex by 142.3% in the second quarter. Mather Group LLC. now owns 630 shares of the construction company's stock worth $47,000 after purchasing an additional 370 shares during the last quarter. Institutional investors own 95.96% of the company's stock.

Analyst Upgrades and Downgrades

TREX has been the subject of a number of analyst reports. StockNews.com downgraded shares of Trex from a "hold" rating to a "sell" rating in a research report on Tuesday, October 29th. Truist Financial lowered their price objective on Trex from $120.00 to $100.00 and set a "buy" rating for the company in a research report on Wednesday, August 7th. UBS Group lowered their price target on Trex from $104.00 to $79.00 and set a "neutral" rating for the company in a report on Wednesday, August 7th. Benchmark reduced their price objective on Trex from $105.00 to $80.00 and set a "buy" rating for the company in a research note on Thursday, August 8th. Finally, BMO Capital Markets upped their price target on Trex from $67.00 to $72.00 and gave the stock a "market perform" rating in a research note on Tuesday, October 29th. Two analysts have rated the stock with a sell rating, ten have given a hold rating and six have assigned a buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of "Hold" and an average target price of $79.94.

Trex Stock Down 1.3 %

NYSE TREX traded down $0.98 on Wednesday, reaching $76.14. The company had a trading volume of 1,003,393 shares, compared to its average volume of 1,017,958. Trex Company, Inc. has a 12 month low of $58.68 and a 12 month high of $101.91. The stock has a market capitalization of $8.16 billion, a PE ratio of 34.77, a price-to-earnings-growth ratio of 3.44 and a beta of 1.49. The firm's 50 day moving average price is $69.07 and its 200 day moving average price is $72.53.

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

About Trex

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.