Landscape Capital Management L.L.C. Sells 41,646 Shares of Trex Company, Inc. (NYSE:TREX)

Landscape Capital Management L.L.C. lowered its stake in shares of Trex Company, Inc. (NYSE:TREX - Free Report) by 54.4% in the fourth quarter, according to its most recent 13F filing with the SEC. The fund owned 34,899 shares of the construction company's stock after selling 41,646 shares during the period. Landscape Capital Management L.L.C.'s holdings in Trex were worth $2,409,000 at the end of the most recent quarter.

A number of other large investors also recently bought and sold shares of the business. Wilmington Savings Fund Society FSB purchased a new position in Trex during the third quarter worth about $30,000. Mather Group LLC. boosted its position in shares of Trex by 73.5% during the 4th quarter. Mather Group LLC. now owns 451 shares of the construction company's stock worth $31,000 after purchasing an additional 191 shares in the last quarter. Avior Wealth Management LLC increased its holdings in Trex by 1,212.8% during 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 in the last quarter. Huntington National Bank grew its holdings in shares of Trex by 227.2% during the fourth quarter. Huntington National Bank now owns 566 shares of the construction company's stock worth $39,000 after buying an additional 393 shares in the last quarter. Finally, Eagle Bay Advisors LLC purchased a new stake in Trex in the fourth quarter valued at approximately $41,000. Institutional investors and hedge funds own 95.96% of the company's stock.

Trex Stock Down 3.5 %

Shares of TREX stock traded down $1.90 during trading hours on Monday, hitting $53.12. 2,168,581 shares of the company's stock were exchanged, compared to its average volume of 1,266,483. Trex Company, Inc. has a fifty-two week low of $50.35 and a fifty-two week high of $97.69. The firm has a market cap of $5.70 billion, a P/E ratio of 24.25, a P/E/G ratio of 2.51 and a beta of 1.62. The firm has a 50 day moving average of $62.97 and a two-hundred day moving average of $67.65.

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

Analyst Upgrades and Downgrades

A number of research firms have commented on TREX. Bank of America reduced their target price on Trex from $85.00 to $79.00 and set a "buy" rating on the stock in a report on Tuesday, February 25th. Jefferies Financial Group reduced their target price on Trex from $81.00 to $71.00 and set a "hold" rating for the company in a report on Tuesday, February 25th. DA Davidson reiterated a "neutral" rating and issued a $74.00 target price on shares of Trex in a research note on Tuesday, February 25th. Deutsche Bank Aktiengesellschaft initiated coverage on shares of Trex in a report on Tuesday, April 1st. They set a "buy" rating and a $85.00 price target for the company. Finally, Benchmark reiterated a "buy" rating and set a $80.00 price target on shares of Trex in a research note on Monday, March 3rd. Two 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. According to data from MarketBeat, the stock presently has a consensus rating of "Hold" and an average price target of $79.00.

Insider Transactions at Trex

In other news, Director Melkeya Mcduffie sold 1,420 shares of the firm'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 sale, the director now owns 1,705 shares of the company's stock, valued at approximately $105,505.40. This trade represents a 45.44 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 0.71% of the company's stock.

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.