Trex Company, Inc. (NYSE:TREX) Shares Sold by Stifel Financial Corp

Stifel Financial Corp cut its stake in Trex Company, Inc. (NYSE:TREX - Free Report) by 2.9% in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 248,732 shares of the construction company's stock after selling 7,533 shares during the period. Stifel Financial Corp owned 0.23% of Trex worth $16,561,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors also recently bought and sold shares of TREX. Hantz Financial Services Inc. acquired a new stake in shares of Trex during the second quarter worth about $31,000. UMB Bank n.a. lifted its stake in Trex by 150.8% during the 3rd quarter. UMB Bank n.a. now owns 652 shares of the construction company's stock valued at $43,000 after acquiring an additional 392 shares during the period. Ashton Thomas Private Wealth LLC purchased a new stake in shares of Trex in the 2nd quarter valued at $44,000. Quarry LP increased its stake in shares of Trex by 576.4% in the second quarter. Quarry LP now owns 602 shares of the construction company's stock worth $45,000 after acquiring an additional 513 shares during the period. Finally, Blue Trust Inc. raised its holdings in shares of Trex by 51.4% during the second quarter. Blue Trust Inc. now owns 754 shares of the construction company's stock worth $56,000 after purchasing an additional 256 shares during the last quarter. Hedge funds and other institutional investors own 95.96% of the company's stock.

Analysts Set New Price Targets

Several equities research analysts have commented on the stock. Jefferies Financial Group lowered their price target on shares of Trex from $77.00 to $73.00 and set a "hold" rating on the stock in a report on Wednesday, October 9th. Robert W. Baird upped their target price on Trex from $70.00 to $78.00 and gave the stock a "neutral" rating in a research note on Tuesday, October 29th. BMO Capital Markets lifted their price target on Trex from $67.00 to $72.00 and gave the company a "market perform" rating in a research report on Tuesday, October 29th. StockNews.com lowered Trex from a "hold" rating to a "sell" rating in a research report on Tuesday, October 29th. Finally, DA Davidson lifted their target price on shares of Trex from $70.00 to $74.00 and gave the company a "neutral" rating in a report on Tuesday, October 29th. Two equities research analysts have rated the stock with a sell rating, ten have issued a hold rating and six have assigned a buy rating to the company's stock. According to data from MarketBeat, the company presently has an average rating of "Hold" and a consensus target price of $79.94.

Trex Stock Performance

Shares of NYSE TREX traded up $3.44 during mid-day trading on Wednesday, reaching $80.50. The company's stock had a trading volume of 1,704,616 shares, compared to its average volume of 1,025,014. The stock has a 50-day moving average of $69.86 and a two-hundred day moving average of $72.13. The stock has a market capitalization of $8.63 billion, a P/E ratio of 35.17, a P/E/G ratio of 3.53 and a beta of 1.49. Trex Company, Inc. has a 1-year low of $58.68 and a 1-year high of $101.91.

Trex (NYSE:TREX - Get Free Report) last released its earnings results on Monday, October 28th. The construction company reported $0.37 earnings per share for the quarter, topping 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%. The business's revenue was down 23.1% on a year-over-year basis. During the same period last year, the company posted $0.57 EPS. Analysts predict that Trex Company, Inc. will post 2.05 EPS 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.