Trex Company, Inc. (NYSE:TREX) Shares Sold by Stifel Financial Corp

Stifel Financial Corp cut its stake in shares of Trex Company, Inc. (NYSE:TREX - Free Report) by 9.7% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 224,539 shares of the construction company's stock after selling 24,193 shares during the quarter. Stifel Financial Corp owned approximately 0.21% of Trex worth $15,500,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in TREX. Alliancebernstein L.P. boosted its position in shares of Trex by 54.5% during the 4th quarter. Alliancebernstein L.P. now owns 10,819,326 shares of the construction company's stock worth $746,858,000 after acquiring an additional 3,818,025 shares in the last quarter. Wasatch Advisors LP increased its stake in Trex by 12.8% in the fourth quarter. Wasatch Advisors LP now owns 4,599,521 shares of the construction company's stock valued at $317,505,000 after purchasing an additional 523,113 shares during the last quarter. Conestoga Capital Advisors LLC raised its holdings in Trex by 0.9% during the fourth quarter. Conestoga Capital Advisors LLC now owns 1,967,748 shares of the construction company's stock worth $135,834,000 after purchasing an additional 17,405 shares in the last quarter. AustralianSuper Pty Ltd purchased a new stake in shares of Trex during the 4th quarter worth approximately $110,414,000. Finally, Dimensional Fund Advisors LP boosted its holdings in shares of Trex by 2.5% in the 4th quarter. Dimensional Fund Advisors LP now owns 1,540,553 shares of the construction company's stock valued at $106,349,000 after buying an additional 36,848 shares in the last quarter. 95.96% of the stock is currently owned by hedge funds and other institutional investors.

Trex Stock Performance

Trex stock opened at $57.75 on Friday. The company has a market cap of $6.19 billion, a P/E ratio of 26.37, a price-to-earnings-growth ratio of 2.51 and a beta of 1.62. Trex Company, Inc. has a one year low of $49.01 and a one year high of $94.00. The business has a fifty day moving average of $57.67 and a two-hundred day moving average of $66.19.

Trex (NYSE:TREX - Get Free Report) last announced its quarterly earnings data on Monday, February 24th. The construction company reported $0.09 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 firm had revenue of $167.63 million during 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 year.

Insider Transactions at Trex

In other Trex news, Director Melkeya Mcduffie sold 1,420 shares of Trex stock in a transaction dated 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 transaction, the director now owns 1,705 shares in the company, valued at approximately $105,505.40. The trade was a 45.44 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Corporate insiders own 0.71% of the company's stock.

Analysts Set New Price Targets

Several equities research analysts recently commented on the stock. Jefferies Financial Group cut their price target on shares of Trex from $81.00 to $71.00 and set a "hold" rating on the stock in a research note on Tuesday, February 25th. Truist Financial reduced their target price on Trex from $100.00 to $90.00 and set a "buy" rating for the company in a report on Tuesday, February 25th. Deutsche Bank Aktiengesellschaft began coverage on Trex in a research note on Tuesday, April 1st. They set a "buy" rating and a $85.00 price target on the stock. UBS Group decreased their price objective on Trex from $76.00 to $74.00 and set a "neutral" rating for the company in a report on Tuesday, February 25th. Finally, JPMorgan Chase & Co. cut their target price on shares of Trex from $79.00 to $73.00 and set a "neutral" rating on the stock in a report on Wednesday, March 5th. 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 data from MarketBeat, the stock has an average rating of "Hold" and a consensus target price of $77.18.

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.

Want to see what other hedge funds are holding TREX? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Trex Company, Inc. (NYSE:TREX - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.