KBC Group NV Has $3.38 Million Position in Trex Company, Inc. (NYSE:TREX)

KBC Group NV raised its stake in Trex Company, Inc. (NYSE:TREX - Free Report) by 336.8% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 50,719 shares of the construction company's stock after acquiring an additional 39,108 shares during the period. KBC Group NV's holdings in Trex were worth $3,377,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also recently added to or reduced their stakes in TREX. Hantz Financial Services Inc. purchased a new stake in shares of Trex during the 2nd quarter worth $31,000. Ashton Thomas Private Wealth LLC acquired a new stake in Trex during the second quarter worth about $44,000. Quarry LP grew its holdings in shares of Trex by 576.4% during the 2nd quarter. Quarry LP now owns 602 shares of the construction company's stock worth $45,000 after purchasing an additional 513 shares during the period. Mather Group LLC. increased 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 acquiring an additional 370 shares in the last quarter. Finally, UMB Bank n.a. increased its holdings in Trex by 150.8% in the 3rd quarter. UMB Bank n.a. now owns 652 shares of the construction company's stock valued at $43,000 after purchasing an additional 392 shares in the last quarter. Hedge funds and other institutional investors own 95.96% of the company's stock.

Trex Stock Down 0.4 %

TREX traded down $0.29 during trading on Monday, reaching $67.94. 486,955 shares of the company's stock were exchanged, compared to its average volume of 1,020,194. Trex Company, Inc. has a fifty-two week low of $58.68 and a fifty-two week high of $101.91. The company has a market capitalization of $7.28 billion, a P/E ratio of 31.04, a PEG ratio of 3.10 and a beta of 1.49. The business has a 50 day moving average price of $67.39 and a 200 day moving average price of $73.98.

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

Wall Street Analyst Weigh In

A number of brokerages have commented on TREX. UBS Group cut their price objective on shares of Trex from $104.00 to $79.00 and set a "neutral" rating on the stock in a report on Wednesday, August 7th. BMO Capital Markets boosted their target price on shares of Trex from $67.00 to $72.00 and gave the company a "market perform" rating in a research note on Tuesday, October 29th. Bank of America lowered their target price on shares of Trex from $97.00 to $85.00 and set a "buy" rating on the stock in a research note on Wednesday, August 7th. Loop Capital lowered Trex from a "buy" rating to a "hold" rating and cut their price objective for the company from $95.00 to $75.00 in a report on Wednesday, August 7th. Finally, Barclays decreased their price target on shares of Trex from $68.00 to $67.00 and set an "underweight" rating on the stock in a research report on Tuesday, October 29th. Two equities research analysts have rated the stock with a sell rating, ten have issued a hold rating and six have given a buy rating to the company's stock. According to MarketBeat, Trex has an average rating of "Hold" and an average price target 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.