Trex Company, Inc. (NYSE:TREX) Shares Acquired by Dimensional Fund Advisors LP

Dimensional Fund Advisors LP increased its position in shares of Trex Company, Inc. (NYSE:TREX - Free Report) by 2.5% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 1,540,553 shares of the construction company's stock after acquiring an additional 36,848 shares during the quarter. Dimensional Fund Advisors LP owned approximately 1.44% of Trex worth $106,349,000 as of its most recent filing with the SEC.

A number of other large investors also recently made changes to their positions in the business. Wilmington Savings Fund Society FSB acquired a new position in Trex during the third quarter valued at approximately $30,000. Mather Group LLC. lifted its holdings in shares of 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 acquiring an additional 191 shares in the last quarter. Avior Wealth Management LLC boosted its position in Trex by 1,212.8% during the 4th quarter. Avior Wealth Management LLC now owns 512 shares of the construction company's stock worth $35,000 after purchasing an additional 473 shares during the period. Huntington National Bank increased its holdings in Trex by 227.2% in the 4th quarter. Huntington National Bank now owns 566 shares of the construction company's stock valued at $39,000 after purchasing an additional 393 shares in the last quarter. Finally, Eagle Bay Advisors LLC purchased a new position in Trex in the fourth quarter valued at about $41,000. Hedge funds and other institutional investors own 95.96% of the company's stock.

Trex Stock Performance

Shares of TREX opened at $57.75 on Monday. The firm has a fifty day moving average of $57.67 and a 200-day moving average of $66.21. The company has a market cap of $6.19 billion, a price-to-earnings ratio of 26.37, a price-to-earnings-growth ratio of 2.51 and a beta of 1.62. Trex Company, Inc. has a 1 year low of $49.01 and a 1 year high of $94.00.

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

Wall Street Analysts Forecast Growth

TREX has been the topic of a number of recent analyst reports. StockNews.com lowered shares of Trex from a "hold" rating to a "sell" rating in a report on Wednesday, March 5th. Benchmark reissued a "buy" rating and issued a $80.00 price target on shares of Trex in a report on Monday, March 3rd. Citigroup dropped their price objective on Trex from $78.00 to $60.00 and set a "neutral" rating on the stock in a report on Friday, April 11th. JPMorgan Chase & Co. reduced their target price on Trex from $79.00 to $73.00 and set a "neutral" rating for the company in a research note on Wednesday, March 5th. Finally, Truist Financial dropped their price target on shares of Trex from $100.00 to $90.00 and set a "buy" rating for the company in a research note on Tuesday, February 25th. Two analysts have rated the stock with a sell rating, eight have assigned a hold rating and eight have assigned a buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of "Hold" and an average target price of $77.18.

Insider Buying and Selling

In related 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 value of $87,869.60. Following the completion of the transaction, the director now owns 1,705 shares in the company, valued at $105,505.40. This represents a 45.44 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Corporate insiders own 0.71% of the company's stock.

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.

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