Trex Company, Inc. (NYSE:TREX) Stake Raised by Landscape Capital Management L.L.C.

Landscape Capital Management L.L.C. raised its holdings in shares of Trex Company, Inc. (NYSE:TREX - Free Report) by 339.9% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 76,545 shares of the construction company's stock after acquiring an additional 59,145 shares during the quarter. Landscape Capital Management L.L.C. owned approximately 0.07% of Trex worth $5,096,000 at the end of the most recent quarter.

A number of other hedge funds have also made changes to their positions in TREX. Harrington Investments INC increased its stake in Trex by 1.4% in the 2nd quarter. Harrington Investments INC now owns 9,807 shares of the construction company's stock valued at $727,000 after buying an additional 140 shares during the period. First Citizens Bank & Trust Co. raised its holdings in shares of Trex by 2.6% during the second quarter. First Citizens Bank & Trust Co. now owns 7,055 shares of the construction company's stock worth $523,000 after acquiring an additional 176 shares in the last quarter. First Horizon Advisors Inc. boosted its position in Trex by 8.8% during the third quarter. First Horizon Advisors Inc. now owns 2,282 shares of the construction company's stock valued at $152,000 after purchasing an additional 184 shares during the last quarter. Values First Advisors Inc. grew its stake in Trex by 3.6% in the second quarter. Values First Advisors Inc. now owns 6,700 shares of the construction company's stock valued at $497,000 after purchasing an additional 230 shares in the last quarter. Finally, ABLE Financial Group LLC increased its position in Trex by 3.6% in the 2nd quarter. ABLE Financial Group LLC now owns 6,998 shares of the construction company's stock worth $519,000 after purchasing an additional 240 shares during the last quarter. 95.96% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

TREX has been the topic of a number of research reports. Benchmark dropped their price objective on Trex from $105.00 to $80.00 and set a "buy" rating on the stock in a report on Thursday, August 8th. BMO Capital Markets increased their price target on shares of Trex from $67.00 to $72.00 and gave the stock a "market perform" rating in a research note on Tuesday, October 29th. Stephens cut shares of Trex from an "overweight" rating to an "equal weight" rating and decreased their price objective for the stock from $115.00 to $72.00 in a report on Wednesday, August 7th. JPMorgan Chase & Co. reduced their price target on Trex from $95.00 to $69.00 and set a "neutral" rating for the company in a research report on Monday, August 12th. Finally, Stifel Nicolaus lowered their price objective on Trex from $110.00 to $85.00 and set a "buy" rating on the stock in a report on Wednesday, August 7th. Two research analysts have rated the stock with a sell rating, ten have given a hold rating and six have issued a buy rating to the stock. According to MarketBeat.com, Trex has an average rating of "Hold" and an average target price of $79.94.

Trex Price Performance

NYSE:TREX opened at $68.88 on Thursday. The stock has a market cap of $7.38 billion, a P/E ratio of 31.45, a PEG ratio of 3.07 and a beta of 1.49. The company has a fifty day moving average price of $67.69 and a 200 day moving average price of $73.61. Trex Company, Inc. has a one year low of $58.68 and a one year high of $101.91.

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

Trex Company 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.

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.