Blair William & Co. IL decreased its holdings in Trex Company, Inc. (NYSE:TREX - Free Report) by 17.3% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 632,692 shares of the construction company's stock after selling 132,533 shares during the quarter. Blair William & Co. IL owned about 0.59% of Trex worth $43,675,000 as of its most recent filing with the Securities & Exchange Commission.
Several other large investors have also added to or reduced their stakes in TREX. Wilmington Savings Fund Society FSB purchased a new stake in shares of Trex in the 3rd quarter worth about $30,000. Mather Group LLC. lifted its holdings in Trex by 73.5% in the fourth quarter. Mather Group LLC. now owns 451 shares of the construction company's stock worth $31,000 after buying an additional 191 shares during the period. 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 valued at $35,000 after acquiring an additional 473 shares in the last quarter. Eagle Bay Advisors LLC purchased a new position in shares of Trex during the 4th quarter worth approximately $41,000. Finally, V Square Quantitative Management LLC raised its position in shares of Trex by 47.4% in the 4th quarter. V Square Quantitative Management LLC now owns 628 shares of the construction company's stock worth $43,000 after acquiring an additional 202 shares in the last quarter. Institutional investors own 95.96% of the company's stock.
Trex Stock Performance
Shares of NYSE:TREX traded up $0.86 during midday trading on Tuesday, reaching $58.96. 483,103 shares of the company's stock traded hands, compared to its average volume of 1,595,387. Trex Company, Inc. has a one year low of $52.75 and a one year high of $97.69. The company has a market cap of $6.32 billion, a price-to-earnings ratio of 26.92, a P/E/G ratio of 2.51 and a beta of 1.60. The stock has a 50 day moving average of $64.27 and a 200 day moving average of $67.93.
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 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 analysts' expectations of $160.54 million. Sell-side analysts predict that Trex Company, Inc. will post 2.04 EPS for the current fiscal year.
Insider Activity at Trex
In other Trex news, Director Melkeya Mcduffie sold 1,420 shares of the business's stock in a transaction on Friday, February 28th. The shares were sold at an average price of $61.88, for a total transaction of $87,869.60. Following the completion of the sale, the director now directly owns 1,705 shares in the company, valued at approximately $105,505.40. The trade was a 45.44 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.71% of the stock is owned by insiders.
Wall Street Analyst Weigh In
Several equities research analysts recently weighed in on the company. Jefferies Financial Group dropped their price target on Trex from $81.00 to $71.00 and set a "hold" rating on the stock in a research report on Tuesday, February 25th. Bank of America dropped their target price 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. Citigroup decreased their price target on shares of Trex from $84.00 to $78.00 and set a "neutral" rating for the company in a research note on Monday, January 6th. Benchmark reissued a "buy" rating and set a $80.00 price objective on shares of Trex in a research note on Monday, March 3rd. Finally, UBS Group decreased their target price on shares of Trex from $76.00 to $74.00 and set a "neutral" rating for the company in a research note on Tuesday, February 25th. Two analysts have rated the stock with a sell rating, nine have given a hold rating and seven have assigned a buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of "Hold" and an average price target of $79.00.
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About Trex
(
Free Report)
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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