Trex Company, Inc. (NYSE:TREX) is Montanaro Asset Management Ltd's 4th Largest Position

Montanaro Asset Management Ltd decreased its holdings in shares of Trex Company, Inc. (NYSE:TREX - Free Report) by 2.0% during the fourth quarter, according to its most recent filing with the SEC. The firm owned 315,900 shares of the construction company's stock after selling 6,400 shares during the period. Trex accounts for about 4.5% of Montanaro Asset Management Ltd's portfolio, making the stock its 4th largest position. Montanaro Asset Management Ltd owned 0.29% of Trex worth $21,807,000 as of its most recent SEC filing.

Several other large investors have also modified their holdings of TREX. Wilmington Savings Fund Society FSB bought a new stake in shares of Trex in the 3rd quarter valued at about $30,000. Mather Group LLC. boosted its stake in Trex by 73.5% in the fourth quarter. Mather Group LLC. now owns 451 shares of the construction company's stock valued at $31,000 after acquiring an additional 191 shares in the last quarter. Avior Wealth Management LLC boosted its stake in Trex by 1,212.8% in the fourth quarter. Avior Wealth Management LLC now owns 512 shares of the construction company's stock valued at $35,000 after acquiring an additional 473 shares in the last quarter. Eagle Bay Advisors LLC purchased a new position in Trex in the fourth quarter worth $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 worth $43,000 after purchasing an additional 202 shares in the last quarter. Institutional investors own 95.96% of the company's stock.

Insider Buying and Selling at Trex

In related news, Director Melkeya Mcduffie sold 1,420 shares of the stock in a transaction on Friday, February 28th. The stock was sold at an average price of $61.88, for a total value of $87,869.60. Following the completion of the transaction, the director now directly owns 1,705 shares of the company's stock, valued at approximately $105,505.40. This represents a 45.44 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 0.71% of the company's stock.

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Analyst Upgrades and Downgrades

Several research analysts recently weighed in on TREX shares. JPMorgan Chase & Co. dropped 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. Truist Financial lowered their price target on Trex from $100.00 to $90.00 and set a "buy" rating for the company in a report on Tuesday, February 25th. Bank of America cut 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. StockNews.com cut shares of Trex from a "hold" rating to a "sell" rating in a research note on Wednesday, March 5th. Finally, DA Davidson restated a "neutral" rating and set a $74.00 price target on shares of Trex in a research note on Tuesday, February 25th. Two equities research analysts have rated the stock with a sell rating, nine have given a hold rating and six have issued a buy rating to the company's stock. Based on data from MarketBeat, the stock has an average rating of "Hold" and an average price target of $78.63.

Trex Stock Performance

Trex stock traded down $0.47 during trading on Monday, reaching $56.84. The company had a trading volume of 315,071 shares, compared to its average volume of 1,582,768. The firm's 50-day simple moving average is $64.54 and its 200 day simple moving average is $67.97. The firm has a market capitalization of $6.09 billion, a PE ratio of 25.95, a price-to-earnings-growth ratio of 2.51 and a beta of 1.60. Trex Company, Inc. has a 1-year low of $52.75 and a 1-year high of $99.86.

Trex (NYSE:TREX - Get Free Report) last announced its earnings results on Monday, February 24th. The construction company reported $0.09 earnings per share (EPS) for the quarter, beating 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 business had revenue of $167.63 million for the quarter, compared to analyst estimates of $160.54 million. Analysts anticipate that Trex Company, Inc. will post 2.04 EPS for the current year.

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.