Mutual of America Capital Management LLC Sells 7,472 Shares of Trex Company, Inc. (NYSE:TREX)

Mutual of America Capital Management LLC trimmed its holdings in shares of Trex Company, Inc. (NYSE:TREX - Free Report) by 10.0% in the third quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 66,966 shares of the construction company's stock after selling 7,472 shares during the period. Mutual of America Capital Management LLC owned about 0.06% of Trex worth $4,459,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of TREX. Curi RMB Capital LLC raised its holdings in Trex by 27.2% during the 3rd quarter. Curi RMB Capital LLC now owns 68,149 shares of the construction company's stock worth $4,537,000 after buying an additional 14,558 shares during the period. KBC Group NV increased its position in shares of Trex by 336.8% in the third quarter. KBC Group NV now owns 50,719 shares of the construction company's stock worth $3,377,000 after acquiring an additional 39,108 shares in the last quarter. Oppenheimer Asset Management Inc. lifted its position in shares of Trex by 23.3% in the 3rd quarter. Oppenheimer Asset Management Inc. now owns 55,329 shares of the construction company's stock valued at $3,684,000 after acquiring an additional 10,454 shares in the last quarter. Geneva Capital Management LLC lifted its position in shares of Trex by 0.4% in the 3rd quarter. Geneva Capital Management LLC now owns 1,592,533 shares of the construction company's stock valued at $106,031,000 after acquiring an additional 6,616 shares in the last quarter. Finally, GSA Capital Partners LLP acquired a new position in Trex in the 3rd quarter worth approximately $626,000. Institutional investors own 95.96% of the company's stock.

Trex Stock Up 2.2 %

Shares of Trex stock opened at $68.88 on Thursday. Trex Company, Inc. has a 12-month low of $58.68 and a 12-month high of $101.91. The stock has a market capitalization of $7.38 billion, a P/E ratio of 31.45, a PEG ratio of 3.07 and a beta of 1.49. The stock has a 50 day moving average price of $67.69 and a two-hundred day moving average price of $73.61.

Trex (NYSE:TREX - Get Free Report) last posted its earnings results on Monday, October 28th. The construction company reported $0.37 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.32 by $0.05. The business had revenue of $233.72 million for the quarter, compared to analyst estimates of $225.42 million. Trex had a net margin of 20.23% and a return on equity of 28.89%. Trex's revenue was down 23.1% compared to the same quarter last year. During the same period last year, the business posted $0.57 EPS. Sell-side analysts anticipate that Trex Company, Inc. will post 2.05 earnings per share for the current year.

Analyst Ratings Changes

TREX has been the subject of a number of research analyst reports. StockNews.com lowered Trex from a "hold" rating to a "sell" rating in a report on Tuesday, October 29th. Loop Capital lowered Trex from a "buy" rating to a "hold" rating and dropped their price target for the company from $95.00 to $75.00 in a research report on Wednesday, August 7th. Stifel Nicolaus lowered their target price on Trex from $110.00 to $85.00 and set a "buy" rating on the stock in a research note on Wednesday, August 7th. Robert W. Baird increased their price target on shares of Trex from $70.00 to $78.00 and gave the stock a "neutral" rating in a research report on Tuesday, October 29th. Finally, Barclays decreased their price target on shares of Trex from $68.00 to $67.00 and set an "underweight" rating for the company in a report on Tuesday, October 29th. Two analysts have rated the stock with a sell rating, ten have given a hold rating and six have given a buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of "Hold" and an average price target of $79.94.

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.