Trex Company, Inc. (NYSE:TREX) Shares Bought by Citigroup Inc.

Citigroup Inc. increased its position in Trex Company, Inc. (NYSE:TREX - Free Report) by 42.3% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 68,775 shares of the construction company's stock after acquiring an additional 20,445 shares during the quarter. Citigroup Inc. owned about 0.06% of Trex worth $4,579,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Hantz Financial Services Inc. bought a new stake in shares of Trex during the second quarter valued at approximately $31,000. Ashton Thomas Private Wealth LLC bought a new position in shares of Trex during the 2nd quarter valued at about $44,000. Quarry LP increased its holdings 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 purchasing an additional 513 shares during the last quarter. Mather Group LLC. lifted its position in shares of Trex by 142.3% in the second quarter. Mather Group LLC. now owns 630 shares of the construction company's stock worth $47,000 after buying an additional 370 shares in the last quarter. Finally, UMB Bank n.a. boosted its stake in Trex by 150.8% during the third quarter. UMB Bank n.a. now owns 652 shares of the construction company's stock valued at $43,000 after buying an additional 392 shares during the last quarter. Institutional investors own 95.96% of the company's stock.

Trex Stock Up 2.1 %

Shares of NYSE:TREX traded up $1.60 during midday trading on Tuesday, reaching $77.12. The company's stock had a trading volume of 994,978 shares, compared to its average volume of 1,018,021. The firm has a market capitalization of $8.26 billion, a PE ratio of 35.21, a P/E/G ratio of 3.44 and a beta of 1.49. The stock has a fifty day moving average of $68.87 and a 200 day moving average of $72.51. Trex Company, Inc. has a twelve month low of $58.68 and a twelve month high of $101.91.

Trex (NYSE:TREX - Get Free Report) last posted its earnings results on Monday, October 28th. The construction company reported $0.37 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.32 by $0.05. The firm had revenue of $233.72 million during the quarter, compared to analysts' expectations 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% compared to the same quarter last year. During the same period in the previous year, the business posted $0.57 EPS. Sell-side analysts anticipate that Trex Company, Inc. will post 2.05 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of research firms have recently weighed in on TREX. Loop Capital downgraded shares of Trex from a "buy" rating to a "hold" rating and reduced their target price for the stock from $95.00 to $75.00 in a report on Wednesday, August 7th. B. Riley lowered their price objective on Trex from $107.00 to $97.00 and set a "buy" rating for the company in a research note on Wednesday, August 7th. 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. UBS Group dropped their price objective on shares of Trex from $104.00 to $79.00 and set a "neutral" rating for the company in a research note on Wednesday, August 7th. Finally, Stifel Nicolaus reduced their target price on shares of Trex from $110.00 to $85.00 and set a "buy" rating on the stock in a research note on Wednesday, August 7th. Two analysts have rated the stock with a sell rating, ten have assigned a hold rating and six have issued a buy rating to the company's stock. Based on data from MarketBeat, Trex presently has a consensus rating of "Hold" and a consensus target price of $79.94.

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.