Summit Creek Advisors LLC Has $10.03 Million Stock Holdings in Trex Company, Inc. (NYSE:TREX)

Summit Creek Advisors LLC lessened its stake in shares of Trex Company, Inc. (NYSE:TREX - Free Report) by 28.0% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 145,223 shares of the construction company's stock after selling 56,397 shares during the period. Summit Creek Advisors LLC owned 0.14% of Trex worth $10,025,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. Wilmington Savings Fund Society FSB acquired a new position in shares of Trex during the 3rd quarter worth about $30,000. Mather Group LLC. grew its holdings 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 buying an additional 191 shares during the last quarter. Avior Wealth Management LLC increased its position 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 buying an additional 473 shares during the period. Eagle Bay Advisors LLC acquired a new position in shares of Trex during the fourth quarter worth approximately $41,000. Finally, V Square Quantitative Management LLC boosted its position in shares of Trex by 47.4% in 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 during the period. Institutional investors own 95.96% of the company's stock.

Insider Activity at Trex

In other Trex news, Director Melkeya Mcduffie sold 1,420 shares of the stock in a transaction dated Friday, February 28th. The shares were 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 $105,505.40. This represents a 45.44 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 0.71% of the company's stock.

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Analyst Upgrades and Downgrades

TREX has been the topic of a number of research reports. UBS Group dropped their target price on shares of Trex from $76.00 to $74.00 and set a "neutral" rating on the stock in a research report on Tuesday, February 25th. Bank of America dropped their price objective on shares of Trex from $85.00 to $79.00 and set a "buy" rating on the stock in a report on Tuesday, February 25th. Citigroup reduced their target price on shares of Trex from $84.00 to $78.00 and set a "neutral" rating for the company in a research note on Monday, January 6th. Benchmark restated a "buy" rating and set a $80.00 price target on shares of Trex in a research note on Monday, March 3rd. Finally, DA Davidson reiterated a "neutral" rating and issued a $74.00 price objective on shares of Trex in a research report on Tuesday, February 25th. Two research analysts have rated the stock with a sell rating, nine have assigned a hold rating and six have issued a buy rating to the company. According to MarketBeat, the company currently has a consensus rating of "Hold" and a consensus target price of $78.63.

Trex Stock Performance

Shares of NYSE:TREX traded down $1.94 on Friday, hitting $57.38. The stock had a trading volume of 2,069,059 shares, compared to its average volume of 1,231,154. The firm's 50 day moving average price is $64.54 and its 200-day moving average price is $67.91. Trex Company, Inc. has a twelve month low of $52.75 and a twelve month high of $99.86. The company has a market capitalization of $6.15 billion, a price-to-earnings ratio of 26.20, a price-to-earnings-growth ratio of 2.51 and a beta of 1.60.

Trex (NYSE:TREX - Get Free Report) last released its quarterly earnings results on Monday, February 24th. The construction company reported $0.09 EPS for the quarter, beating analysts' consensus estimates 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 analyst estimates of $160.54 million. As a group, sell-side analysts predict that Trex Company, Inc. will post 2.04 EPS for the current 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.