LPL Financial LLC Increases Stock Holdings in Trex Company, Inc. (NYSE:TREX)

LPL Financial LLC grew its position in Trex Company, Inc. (NYSE:TREX - Free Report) by 28.4% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 127,457 shares of the construction company's stock after acquiring an additional 28,176 shares during the quarter. LPL Financial LLC owned about 0.12% of Trex worth $8,798,000 as of its most recent SEC filing.

Several other large investors have also recently made changes to their positions in the company. JPMorgan Chase & Co. raised its holdings in Trex by 97.6% in the 3rd quarter. JPMorgan Chase & Co. now owns 797,513 shares of the construction company's stock valued at $53,098,000 after acquiring an additional 393,850 shares during the last quarter. Atomi Financial Group Inc. purchased a new stake in shares of Trex in the fourth quarter valued at approximately $247,000. SG Americas Securities LLC increased its holdings in shares of Trex by 298.5% in the fourth quarter. SG Americas Securities LLC now owns 6,137 shares of the construction company's stock valued at $424,000 after purchasing an additional 4,597 shares during the last quarter. Park Avenue Securities LLC increased its stake in shares of Trex by 26.6% in the 4th quarter. Park Avenue Securities LLC now owns 7,444 shares of the construction company's stock worth $514,000 after acquiring an additional 1,566 shares during the last quarter. Finally, Stephens Inc. AR raised its holdings in shares of Trex by 10.6% during the 4th quarter. Stephens Inc. AR now owns 6,294 shares of the construction company's stock worth $434,000 after acquiring an additional 601 shares during the period. 95.96% of the stock is currently owned by hedge funds and other institutional investors.

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Insider Transactions at Trex

In other Trex news, Director Melkeya Mcduffie sold 1,420 shares of the business's stock in a transaction 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 sale, the director now directly owns 1,705 shares in the company, valued at approximately $105,505.40. The trade was a 45.44 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 0.71% of the company's stock.

Wall Street Analyst Weigh In

TREX has been the subject of a number of recent analyst reports. DA Davidson restated a "neutral" rating and set a $74.00 price target on shares of Trex in a report on Tuesday, February 25th. StockNews.com downgraded Trex from a "hold" rating to a "sell" rating in a research report on Wednesday, March 5th. Benchmark reissued a "buy" rating and set a $80.00 price objective on shares of Trex in a research report on Monday, March 3rd. Truist Financial lowered their target price on shares of Trex from $100.00 to $90.00 and set a "buy" rating for the company in a research note on Tuesday, February 25th. Finally, Deutsche Bank Aktiengesellschaft initiated coverage on shares of Trex in a report on Tuesday, April 1st. They issued a "buy" rating and a $85.00 price objective on the stock. Two equities research analysts have rated the stock with a sell rating, nine have issued a hold rating and seven have issued a buy rating to the company's stock. According to MarketBeat, the stock currently has an average rating of "Hold" and a consensus target price of $79.00.

Trex Stock Performance

Shares of TREX stock traded down $1.90 during mid-day trading on Monday, hitting $53.12. 2,168,580 shares of the stock were exchanged, compared to its average volume of 1,266,483. The stock has a market capitalization of $5.70 billion, a price-to-earnings ratio of 24.25, a P/E/G ratio of 2.51 and a beta of 1.62. Trex Company, Inc. has a 12-month low of $50.35 and a 12-month high of $97.69. The stock's fifty day simple moving average is $62.97 and its two-hundred day simple moving average is $67.65.

Trex (NYSE:TREX - Get Free Report) last announced its earnings results on Monday, February 24th. The construction company reported $0.09 EPS for the quarter, beating analysts' consensus estimates of $0.04 by $0.05. The business had revenue of $167.63 million during the quarter, compared to analysts' expectations of $160.54 million. Trex had a net margin of 20.23% and a return on equity of 28.89%. On average, research 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.