7,500 Shares in Trex Company, Inc. (NYSE:TREX) Bought by Millstone Evans Group LLC

Millstone Evans Group LLC bought a new position in Trex Company, Inc. (NYSE:TREX - Free Report) in the fourth quarter, according to the company in its most recent filing with the SEC. The fund bought 7,500 shares of the construction company's stock, valued at approximately $518,000.

Other large investors have also recently modified their holdings of the company. Wilmington Savings Fund Society FSB purchased a new stake in Trex in the 3rd quarter worth about $30,000. Mather Group LLC. grew its stake in shares of Trex by 73.5% during the fourth quarter. Mather Group LLC. now owns 451 shares of the construction company's stock valued at $31,000 after buying an additional 191 shares during the last quarter. Avior Wealth Management LLC raised its holdings in shares of Trex by 1,212.8% in the fourth quarter. Avior Wealth Management LLC now owns 512 shares of the construction company's stock worth $35,000 after buying an additional 473 shares during the period. Eagle Bay Advisors LLC bought a new stake in shares of Trex during the 4th quarter worth approximately $41,000. Finally, V Square Quantitative Management LLC boosted its holdings in Trex by 47.4% during the 4th 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 during the period. Institutional investors own 95.96% of the company's stock.

Trex Stock Performance

TREX traded down $0.93 on Wednesday, hitting $61.11. The company had a trading volume of 1,686,958 shares, compared to its average volume of 1,193,636. The stock has a market capitalization of $6.55 billion, a price-to-earnings ratio of 27.90, a P/E/G ratio of 2.51 and a beta of 1.60. The stock has a fifty day moving average price of $65.27 and a 200-day moving average price of $68.05. Trex Company, Inc. has a 12-month low of $52.75 and a 12-month high of $100.61.

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Trex (NYSE:TREX - Get Free Report) last posted 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. Trex had a net margin of 20.23% and a return on equity of 28.89%. The company had revenue of $167.63 million during the quarter, compared to analysts' expectations of $160.54 million. Analysts forecast that Trex Company, Inc. will post 2.04 EPS for the current fiscal year.

Insider Transactions at Trex

In related news, Director Melkeya Mcduffie sold 1,420 shares of the stock in a transaction that occurred on Friday, February 28th. The shares were sold at an average price of $61.88, for a total value of $87,869.60. Following the completion of the transaction, the director now directly owns 1,705 shares of the company's stock, valued at $105,505.40. This trade represents a 45.44 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Insiders own 0.71% of the company's stock.

Analyst Ratings Changes

Several research firms have recently weighed in on TREX. JPMorgan Chase & Co. decreased their target price on Trex from $79.00 to $73.00 and set a "neutral" rating for the company in a research report on Wednesday, March 5th. StockNews.com downgraded shares of Trex from a "hold" rating to a "sell" rating in a research note on Wednesday, March 5th. DA Davidson reissued a "neutral" rating and issued a $74.00 price objective on shares of Trex in a research report on Tuesday, February 25th. Benchmark reaffirmed a "buy" rating and set a $80.00 target price on shares of Trex in a research report on Monday, March 3rd. Finally, Truist Financial lowered their price target on Trex from $100.00 to $90.00 and set a "buy" rating for the company in a report on Tuesday, February 25th. Two equities research analysts have rated the stock with a sell rating, nine have assigned a hold rating and six have issued a buy rating to the stock. Based on data from MarketBeat.com, Trex has a consensus rating of "Hold" and a consensus price target of $78.63.

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.