Trex Company, Inc. (NYSE:TREX) Shares Bought by Impax Asset Management Group plc

Impax Asset Management Group plc boosted its holdings in shares of Trex Company, Inc. (NYSE:TREX - Free Report) by 10.3% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 907,109 shares of the construction company's stock after buying an additional 84,748 shares during the quarter. Impax Asset Management Group plc owned approximately 0.85% of Trex worth $62,618,000 as of its most recent SEC filing.

Other large investors also recently bought and sold shares of the company. Wilmington Savings Fund Society FSB purchased a new stake in shares of Trex during the third quarter valued at about $30,000. Mather Group LLC. grew its position in shares of 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 buying an additional 191 shares during the last quarter. Avior Wealth Management LLC raised its stake in shares of Trex by 1,212.8% during the 4th quarter. Avior Wealth Management LLC now owns 512 shares of the construction company's stock worth $35,000 after acquiring an additional 473 shares in the last quarter. Eagle Bay Advisors LLC purchased a new stake in Trex during the fourth quarter valued at approximately $41,000. Finally, V Square Quantitative Management LLC boosted its stake in Trex by 47.4% in the fourth quarter. V Square Quantitative Management LLC now owns 628 shares of the construction company's stock valued at $43,000 after acquiring an additional 202 shares in the last quarter. Institutional investors own 95.96% of the company's stock.

Trex Stock Down 2.0 %

Shares of NYSE:TREX traded down $1.26 during midday trading on Thursday, reaching $60.30. The company's stock had a trading volume of 1,651,502 shares, compared to its average volume of 1,347,813. The firm has a market capitalization of $6.46 billion, a PE ratio of 27.53, a P/E/G ratio of 2.51 and a beta of 1.51. The stock has a fifty day moving average of $69.34 and a 200 day moving average of $68.69. Trex Company, Inc. has a twelve month low of $58.68 and a twelve month high of $100.77.

Trex (NYSE:TREX - Get Free Report) last issued its earnings results on Monday, February 24th. The construction company reported $0.09 EPS for the quarter, topping analysts' consensus estimates of $0.04 by $0.05. Trex had a return on equity of 28.89% and a net margin of 20.23%. The firm had revenue of $167.63 million for the quarter, compared to the consensus estimate of $160.54 million. Sell-side analysts anticipate that Trex Company, Inc. will post 2.04 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of equities analysts have recently issued reports on the company. StockNews.com raised Trex from a "sell" rating to a "hold" rating in a research report on Tuesday. Citigroup dropped their target price on Trex from $84.00 to $78.00 and set a "neutral" rating on the stock in a research note on Monday, January 6th. UBS Group decreased their price target on Trex from $76.00 to $74.00 and set a "neutral" rating for the company in a research note on Tuesday. DA Davidson reissued a "neutral" rating and issued a $74.00 price target on shares of Trex in a report on Tuesday. Finally, Bank of America cut their price objective on shares of Trex from $85.00 to $79.00 and set a "buy" rating on the stock in a report on Tuesday. One equities research analyst has rated the stock with a sell rating, ten have issued a hold rating and six have assigned a buy rating to the company's stock. Based on data from MarketBeat, the company currently has an average rating of "Hold" and an average target price of $78.38.

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.