Sei Investments Co. Buys 66,661 Shares of Trex Company, Inc. (NYSE:TREX)

Sei Investments Co. boosted its stake in shares of Trex Company, Inc. (NYSE:TREX - Free Report) by 18.8% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 421,489 shares of the construction company's stock after buying an additional 66,661 shares during the period. Sei Investments Co. owned approximately 0.39% of Trex worth $29,095,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in the stock. Wilmington Savings Fund Society FSB bought a new position in shares of Trex during the third quarter valued at $30,000. Mather Group LLC. grew its position in Trex by 73.5% during the 4th 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 last quarter. Avior Wealth Management LLC lifted its stake 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 in the last quarter. Eagle Bay Advisors LLC purchased a new stake in shares of Trex during the fourth quarter valued at approximately $41,000. Finally, V Square Quantitative Management LLC increased its position in shares of Trex by 47.4% during the fourth 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 in the last quarter. Hedge funds and other institutional investors own 95.96% of the company's stock.

Trex Stock Down 3.3 %

TREX traded down $1.94 during midday trading on Friday, reaching $57.38. The company had a trading volume of 2,069,059 shares, compared to its average volume of 1,231,154. Trex Company, Inc. has a 1 year low of $52.75 and a 1 year high of $99.86. The company has a market cap of $6.15 billion, a P/E ratio of 26.20, a P/E/G ratio of 2.51 and a beta of 1.60. The business has a 50-day moving average of $64.54 and a two-hundred day moving average of $67.94.

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Trex (NYSE:TREX - Get Free Report) last released its earnings results on Monday, February 24th. The construction company reported $0.09 earnings per share (EPS) for the quarter, topping 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 company had revenue of $167.63 million during the quarter, compared to analyst estimates of $160.54 million. On average, equities research analysts predict that Trex Company, Inc. will post 2.04 EPS for the current year.

Insider Activity

In related news, Director Melkeya Mcduffie sold 1,420 shares of Trex stock in a transaction that occurred 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 approximately $105,505.40. This trade represents a 45.44 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 0.71% of the company's stock.

Wall Street Analyst Weigh In

Several brokerages have commented on TREX. JPMorgan Chase & Co. cut their target price on Trex from $79.00 to $73.00 and set a "neutral" rating on the stock in a research note on Wednesday, March 5th. Citigroup reduced their price objective on Trex from $84.00 to $78.00 and set a "neutral" rating for the company in a report on Monday, January 6th. DA Davidson restated a "neutral" rating and set a $74.00 target price on shares of Trex in a research note on Tuesday, February 25th. StockNews.com lowered shares of Trex from a "hold" rating to a "sell" rating in a research note on Wednesday, March 5th. Finally, Benchmark restated a "buy" rating and issued a $80.00 target price on shares of Trex in a report on Monday, March 3rd. Two analysts have rated the stock with a sell rating, nine have issued a hold rating and six have issued a buy rating to the company. According to MarketBeat.com, Trex presently has a consensus rating of "Hold" and an average target price of $78.63.

About Trex

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.