MML Investors Services LLC Has $3.10 Million Position in Trex Company, Inc. (NYSE:TREX)

MML Investors Services LLC lifted its holdings in Trex Company, Inc. (NYSE:TREX - Free Report) by 23.3% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 44,920 shares of the construction company's stock after purchasing an additional 8,482 shares during the quarter. MML Investors Services LLC's holdings in Trex were worth $3,101,000 as of its most recent SEC filing.

A number of other large investors have also bought and sold shares of TREX. Wilmington Savings Fund Society FSB bought a new position in Trex in the third quarter valued at approximately $30,000. Mather Group LLC. lifted its position in Trex by 73.5% in the 4th quarter. Mather Group LLC. now owns 451 shares of the construction company's stock valued at $31,000 after acquiring an additional 191 shares in the last quarter. Avior Wealth Management LLC boosted its stake in Trex by 1,212.8% in the 4th quarter. Avior Wealth Management LLC now owns 512 shares of the construction company's stock worth $35,000 after purchasing an additional 473 shares during the period. Huntington National Bank increased its holdings in Trex by 227.2% during the 4th quarter. Huntington National Bank now owns 566 shares of the construction company's stock worth $39,000 after purchasing an additional 393 shares in the last quarter. Finally, Eagle Bay Advisors LLC acquired a new stake in shares of Trex in the 4th quarter valued at about $41,000. 95.96% of the stock is owned by institutional investors.

Trex Price Performance

Shares of TREX opened at $57.75 on Friday. The firm has a market capitalization of $6.19 billion, a PE ratio of 26.37, a PEG ratio of 2.51 and a beta of 1.62. The company's 50-day moving average is $57.67 and its 200-day moving average is $66.19. Trex Company, Inc. has a fifty-two week low of $49.01 and a fifty-two week high of $94.00.

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

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on TREX. UBS Group dropped their target price on Trex from $76.00 to $74.00 and set a "neutral" rating on the stock in a research report on Tuesday, February 25th. Jefferies Financial Group cut their price objective on shares of Trex from $81.00 to $71.00 and set a "hold" rating on the stock in a research report on Tuesday, February 25th. Citigroup reduced their target price on shares of Trex from $78.00 to $60.00 and set a "neutral" rating for the company in a report on Friday, April 11th. Deutsche Bank Aktiengesellschaft began coverage on shares of Trex in a research note on Tuesday, April 1st. They issued a "buy" rating and a $85.00 price target on the stock. Finally, JPMorgan Chase & Co. reduced their price objective on shares of Trex from $79.00 to $73.00 and set a "neutral" rating for the company in a research note on Wednesday, March 5th. Two research analysts have rated the stock with a sell rating, eight have assigned a hold rating and eight have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, Trex presently has an average rating of "Hold" and an average price target of $77.18.

Insider Activity at Trex

In other Trex news, Director Melkeya Mcduffie sold 1,420 shares of Trex stock in a transaction dated 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 sale, the director now owns 1,705 shares in the company, valued at $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 available through the SEC website. 0.71% of the stock is currently owned by corporate insiders.

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.

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