Trex Company, Inc. (NYSE:TREX) Shares Sold by Mutual of America Capital Management LLC

Mutual of America Capital Management LLC cut its stake in Trex Company, Inc. (NYSE:TREX - Free Report) by 10.0% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 66,966 shares of the construction company's stock after selling 7,472 shares during the quarter. Mutual of America Capital Management LLC owned approximately 0.06% of Trex worth $4,459,000 at the end of the most recent reporting period.

A number of other large investors also recently bought and sold shares of TREX. Vident Advisory LLC purchased a new stake in shares of Trex in the first quarter valued at approximately $4,013,000. Comerica Bank raised its position in Trex by 3.8% during the first quarter. Comerica Bank now owns 217,435 shares of the construction company's stock worth $21,689,000 after acquiring an additional 8,036 shares during the period. CANADA LIFE ASSURANCE Co lifted its holdings in Trex by 28.8% during the first quarter. CANADA LIFE ASSURANCE Co now owns 77,642 shares of the construction company's stock valued at $7,746,000 after purchasing an additional 17,376 shares in the last quarter. OFI Invest Asset Management acquired a new stake in shares of Trex in the second quarter valued at about $726,000. Finally, Interval Partners LP purchased a new stake in shares of Trex during the first quarter worth about $5,150,000. 95.96% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of brokerages recently weighed in on TREX. BMO Capital Markets raised their price target on shares of Trex from $67.00 to $72.00 and gave the company a "market perform" rating in a research note on Tuesday, October 29th. Robert W. Baird raised their target price on Trex from $70.00 to $78.00 and gave the company a "neutral" rating in a research report on Tuesday, October 29th. Loop Capital cut Trex from a "buy" rating to a "hold" rating and dropped their price target for the stock from $95.00 to $75.00 in a research report on Wednesday, August 7th. StockNews.com lowered Trex from a "hold" rating to a "sell" rating in a report on Tuesday, October 29th. Finally, Jefferies Financial Group dropped their target price on shares of Trex from $77.00 to $73.00 and set a "hold" rating for the company in a report on Wednesday, October 9th. Two investment analysts have rated the stock with a sell rating, ten have assigned a hold rating and six have assigned a buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of "Hold" and a consensus price target of $79.94.

Trex Stock Performance

Shares of Trex stock traded up $1.46 during trading hours on Thursday, hitting $70.34. The company's stock had a trading volume of 970,014 shares, compared to its average volume of 1,022,109. The stock has a market cap of $7.54 billion, a price-to-earnings ratio of 32.19, a P/E/G ratio of 3.07 and a beta of 1.49. Trex Company, Inc. has a twelve month low of $58.68 and a twelve month high of $101.91. The firm has a fifty day moving average of $67.69 and a 200-day moving average of $73.61.

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