Trex Company, Inc. (NYSE:TREX) Shares Purchased by Dynamic Technology Lab Private Ltd

Dynamic Technology Lab Private Ltd raised its holdings in shares of Trex Company, Inc. (NYSE:TREX - Free Report) by 237.6% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 53,084 shares of the construction company's stock after purchasing an additional 37,362 shares during the period. Dynamic Technology Lab Private Ltd's holdings in Trex were worth $3,534,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in the company. Hantz Financial Services Inc. purchased a new stake in shares of Trex during the second quarter valued at $31,000. Ashton Thomas Private Wealth LLC bought a new position in Trex during the second quarter valued at approximately $44,000. Quarry LP grew its position in Trex by 576.4% in 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. raised its stake in Trex by 142.3% during the 2nd quarter. Mather Group LLC. now owns 630 shares of the construction company's stock valued at $47,000 after buying an additional 370 shares during the last quarter. Finally, UMB Bank n.a. lifted its holdings in shares of Trex by 150.8% during the 3rd 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 period. Hedge funds and other institutional investors own 95.96% of the company's stock.

Trex Trading Up 8.0 %

Shares of NYSE TREX traded up $5.79 during trading on Monday, reaching $78.04. 698,560 shares of the company traded hands, compared to its average volume of 1,019,977. The firm's fifty day simple moving average is $67.94 and its 200 day simple moving average is $73.18. The stock has a market cap of $8.36 billion, a P/E ratio of 35.66, a PEG ratio of 3.29 and a beta of 1.49. Trex Company, Inc. has a 12-month low of $58.68 and a 12-month high of $101.91.

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

Analyst Upgrades and Downgrades

A number of analysts recently commented on TREX shares. Stephens cut Trex from an "overweight" rating to an "equal weight" rating and reduced their price objective for the company from $115.00 to $72.00 in a research report on Wednesday, August 7th. Bank of America reduced their target price on shares of Trex from $97.00 to $85.00 and set a "buy" rating for the company in a report on Wednesday, August 7th. UBS Group dropped their price target on shares of Trex from $104.00 to $79.00 and set a "neutral" rating on the stock in a research note on Wednesday, August 7th. StockNews.com lowered Trex from a "hold" rating to a "sell" rating in a research note on Tuesday, October 29th. Finally, DA Davidson upped their price objective on Trex from $70.00 to $74.00 and gave the stock a "neutral" rating in a research note on Tuesday, October 29th. Two research analysts have rated the stock with a sell rating, ten have given a hold rating and six have given a buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of "Hold" and a consensus target price 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.