Motley Fool Wealth Management LLC Raises Stock Holdings in Trex Company, Inc. (NYSE:TREX)

Motley Fool Wealth Management LLC grew its position in Trex Company, Inc. (NYSE:TREX - Free Report) by 78.8% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 132,173 shares of the construction company's stock after acquiring an additional 58,263 shares during the quarter. Motley Fool Wealth Management LLC owned 0.12% of Trex worth $8,800,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also added to or reduced their stakes in the company. Jacobs Levy Equity Management Inc. increased its stake in Trex by 6,093.3% in the 3rd quarter. Jacobs Levy Equity Management Inc. now owns 853,620 shares of the construction company's stock worth $56,834,000 after acquiring an additional 839,837 shares during the last quarter. HighTower Advisors LLC increased its stake in Trex by 18.3% in the 3rd quarter. HighTower Advisors LLC now owns 13,413 shares of the construction company's stock worth $892,000 after acquiring an additional 2,072 shares during the last quarter. Hilltop Holdings Inc. increased its stake in Trex by 16.0% in the 3rd quarter. Hilltop Holdings Inc. now owns 5,909 shares of the construction company's stock worth $393,000 after acquiring an additional 813 shares during the last quarter. Holocene Advisors LP increased its stake in Trex by 25.1% in the 3rd quarter. Holocene Advisors LP now owns 109,812 shares of the construction company's stock worth $7,311,000 after acquiring an additional 22,054 shares during the last quarter. Finally, Centiva Capital LP increased its stake in Trex by 9.9% in the 3rd quarter. Centiva Capital LP now owns 33,079 shares of the construction company's stock worth $2,202,000 after acquiring an additional 2,988 shares during the last quarter. Institutional investors own 95.96% of the company's stock.

Trex Price Performance

Shares of TREX stock traded down $1.29 during mid-day trading on Wednesday, hitting $75.83. The stock had a trading volume of 563,727 shares, compared to its average volume of 1,016,009. Trex Company, Inc. has a 12-month low of $58.68 and a 12-month high of $101.91. The firm has a market capitalization of $8.12 billion, a P/E ratio of 35.21, a price-to-earnings-growth ratio of 3.44 and a beta of 1.49. The firm's 50-day moving average is $68.87 and its two-hundred day moving average is $72.51.

Trex (NYSE:TREX - Get Free Report) last issued its earnings results on Monday, October 28th. The construction company reported $0.37 earnings per share for the quarter, topping the consensus estimate of $0.32 by $0.05. The business had revenue of $233.72 million during the quarter, compared to analysts' expectations of $225.42 million. Trex had a return on equity of 28.89% and a net margin of 20.23%. The business's revenue for the quarter was down 23.1% compared to the same quarter last year. During the same period in the prior year, the business earned $0.57 EPS. Analysts expect that Trex Company, Inc. will post 2.05 EPS for the current year.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on TREX shares. DA Davidson boosted their target price on Trex from $70.00 to $74.00 and gave the company a "neutral" rating in a research report on Tuesday, October 29th. Benchmark cut their target price on Trex from $105.00 to $80.00 and set a "buy" rating on the stock in a research report on Thursday, August 8th. BMO Capital Markets boosted their target price on Trex from $67.00 to $72.00 and gave the company a "market perform" rating in a research report on Tuesday, October 29th. Loop Capital downgraded Trex from a "buy" rating to a "hold" rating and cut their target price for the company from $95.00 to $75.00 in a research report on Wednesday, August 7th. Finally, UBS Group cut their target price on Trex from $104.00 to $79.00 and set a "neutral" rating on the stock in a research report on Wednesday, August 7th. Two equities research analysts have rated the stock with a sell rating, ten have assigned a hold rating and six have given a buy rating to the company's stock. Based on data from MarketBeat.com, Trex presently has a consensus rating of "Hold" and a consensus target price of $79.94.

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.