XTX Topco Ltd Has $505,000 Stake in Trex Company, Inc. (NYSE:TREX)

XTX Topco Ltd lowered its holdings in Trex Company, Inc. (NYSE:TREX - Free Report) by 67.1% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 7,321 shares of the construction company's stock after selling 14,916 shares during the quarter. XTX Topco Ltd's holdings in Trex were worth $505,000 at the end of the most recent quarter.

Several other institutional investors also recently added to or reduced their stakes in the business. Barclays PLC lifted its stake in shares of Trex by 8.8% in the third quarter. Barclays PLC now owns 149,623 shares of the construction company's stock valued at $9,961,000 after buying an additional 12,085 shares during the period. Virtu Financial LLC grew its holdings in shares of Trex by 29.2% during the 3rd quarter. Virtu Financial LLC now owns 12,566 shares of the construction company's stock worth $837,000 after purchasing an additional 2,838 shares in the last quarter. Wilmington Savings Fund Society FSB bought a new stake in shares of Trex during the third quarter valued at approximately $30,000. Tidal Investments LLC raised its stake in shares of Trex by 73.1% in the third quarter. Tidal Investments LLC now owns 14,836 shares of the construction company's stock valued at $988,000 after purchasing an additional 6,263 shares in the last quarter. Finally, American Trust lifted its position in Trex by 7.9% in the third quarter. American Trust now owns 3,367 shares of the construction company's stock worth $224,000 after purchasing an additional 246 shares during the period. 95.96% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of equities analysts have recently issued reports on TREX shares. BMO Capital Markets upgraded shares of Trex from a "market perform" rating to an "outperform" rating and set a $72.00 price objective for the company in a research note on Thursday, April 17th. Benchmark restated a "buy" rating and set a $80.00 price target on shares of Trex in a research note on Monday, March 3rd. Deutsche Bank Aktiengesellschaft initiated coverage on Trex in a research note on Tuesday, April 1st. They issued a "buy" rating and a $85.00 price objective on the stock. Bank of America decreased their price target on Trex from $85.00 to $79.00 and set a "buy" rating on the stock in a research note on Tuesday, February 25th. Finally, Truist Financial dropped their price objective on Trex from $100.00 to $90.00 and set a "buy" rating for the company in a research note on Tuesday, February 25th. Two research analysts have rated the stock with a sell rating, eight have given a hold rating and eight have issued a buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Hold" and an average price target of $77.18.

Insider Activity at Trex

In related news, Director Melkeya Mcduffie sold 1,420 shares of the stock in a transaction that occurred on Friday, February 28th. The shares were sold at an average price of $61.88, for a total value of $87,869.60. Following the transaction, the director now directly owns 1,705 shares in the company, valued at $105,505.40. This represents a 45.44 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. 0.71% of the stock is owned by company insiders.

Trex Trading Up 2.7 %

Shares of TREX traded up $1.48 during mid-day trading on Wednesday, hitting $56.70. 1,531,329 shares of the company traded hands, compared to its average volume of 1,313,719. The stock has a market capitalization of $6.08 billion, a price-to-earnings ratio of 25.89, a PEG ratio of 2.51 and a beta of 1.62. The business has a 50-day moving average of $58.23 and a 200 day moving average of $66.33. Trex Company, Inc. has a one year low of $49.01 and a one year high of $94.00.

Trex (NYSE:TREX - Get Free Report) last posted its quarterly earnings data on Monday, February 24th. The construction company reported $0.09 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.04 by $0.05. The firm had revenue of $167.63 million for the quarter, compared to the consensus estimate of $160.54 million. Trex had a return on equity of 28.89% and a net margin of 20.23%. As a group, analysts anticipate that Trex Company, Inc. will post 2.04 earnings per share for the current year.

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.