Mitchell Capital Management Co. Has $4.77 Million Stock Holdings in Trex Company, Inc. (NYSE:TREX)

Mitchell Capital Management Co. grew its position in Trex Company, Inc. (NYSE:TREX - Free Report) by 6.3% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 69,164 shares of the construction company's stock after acquiring an additional 4,114 shares during the period. Mitchell Capital Management Co. owned about 0.06% of Trex worth $4,774,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently modified their holdings of the company. Wilmington Savings Fund Society FSB bought a new stake in Trex in the 3rd quarter valued at $30,000. Mather Group LLC. raised its position in shares of Trex by 73.5% in the fourth quarter. Mather Group LLC. now owns 451 shares of the construction company's stock valued at $31,000 after purchasing an additional 191 shares during the period. Avior Wealth Management LLC lifted 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 buying an additional 473 shares during the last quarter. Eagle Bay Advisors LLC bought a new stake in shares of Trex during the 4th quarter worth about $41,000. Finally, V Square Quantitative Management LLC grew its stake in Trex by 47.4% in the 4th quarter. V Square Quantitative Management LLC now owns 628 shares of the construction company's stock valued at $43,000 after buying an additional 202 shares during the last quarter. Institutional investors own 95.96% of the company's stock.

Insider Activity at Trex

In related news, Director Melkeya Mcduffie sold 1,420 shares of the firm's stock in a transaction on Friday, February 28th. The stock was sold at an average price of $61.88, for a total transaction of $87,869.60. Following the sale, the director now 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 transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. 0.71% of the stock is currently owned by insiders.

Analyst Ratings Changes

Several equities analysts have recently commented on the company. Bank of America decreased their target price on Trex from $85.00 to $79.00 and set a "buy" rating on the stock in a research report on Tuesday, February 25th. UBS Group decreased their price objective on Trex from $76.00 to $74.00 and set a "neutral" rating on the stock in a report on Tuesday, February 25th. Benchmark reissued a "buy" rating and set a $80.00 target price on shares of Trex in a report on Monday. Truist Financial reduced their target price on shares of Trex from $100.00 to $90.00 and set a "buy" rating for the company in a research report on Tuesday, February 25th. Finally, Citigroup lowered their price target on shares of Trex from $84.00 to $78.00 and set a "neutral" rating on the stock in a research report on Monday, January 6th. One investment analyst has rated the stock with a sell rating, ten have assigned a hold rating and six have issued a buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of "Hold" and an average target price of $78.38.

Trex Price Performance

NYSE:TREX traded down $1.58 during mid-day trading on Monday, reaching $60.11. The stock had a trading volume of 510,091 shares, compared to its average volume of 1,333,732. The stock has a 50-day simple moving average of $68.96 and a two-hundred day simple moving average of $68.76. Trex Company, Inc. has a 12 month low of $58.68 and a 12 month high of $100.77. The stock has a market capitalization of $6.44 billion, a PE ratio of 27.47, a P/E/G ratio of 2.51 and a beta of 1.51.

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

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.