Trex Company, Inc. (NYSE:TREX) Shares Acquired by Trillium Asset Management LLC

Trillium Asset Management LLC boosted its stake in Trex Company, Inc. (NYSE:TREX - Free Report) by 28.5% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 207,468 shares of the construction company's stock after purchasing an additional 46,043 shares during the period. Trillium Asset Management LLC owned about 0.19% of Trex worth $14,322,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in TREX. Wasatch Advisors LP grew its stake in shares of Trex by 33.2% in the third quarter. Wasatch Advisors LP now owns 4,076,408 shares of the construction company's stock worth $271,407,000 after acquiring an additional 1,015,516 shares in the last quarter. State Street Corp grew its stake in shares of Trex by 1.2% in the third quarter. State Street Corp now owns 3,183,444 shares of the construction company's stock worth $211,954,000 after acquiring an additional 37,436 shares in the last quarter. Conestoga Capital Advisors LLC grew its stake in shares of Trex by 0.9% in the fourth quarter. Conestoga Capital Advisors LLC now owns 1,967,748 shares of the construction company's stock worth $135,834,000 after acquiring an additional 17,405 shares in the last quarter. Geode Capital Management LLC grew its stake in shares of Trex by 1.9% in the third quarter. Geode Capital Management LLC now owns 1,873,455 shares of the construction company's stock worth $124,766,000 after acquiring an additional 35,039 shares in the last quarter. Finally, AustralianSuper Pty Ltd acquired a new position in shares of Trex in the fourth quarter worth $110,414,000. Institutional investors and hedge funds own 95.96% of the company's stock.

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Insider Activity

In other news, Director Melkeya Mcduffie sold 1,420 shares of the business's 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 transaction, the director now directly owns 1,705 shares in the company, valued at $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 available through this link. Corporate insiders own 0.71% of the company's stock.

Trex Stock Down 0.4 %

TREX traded down $0.21 on Friday, reaching $59.54. The company had a trading volume of 2,483,002 shares, compared to its average volume of 1,176,605. The stock has a 50-day moving average price of $65.48 and a 200-day moving average price of $67.99. Trex Company, Inc. has a 1 year low of $52.75 and a 1 year high of $100.77. The stock has a market capitalization of $6.38 billion, a PE ratio of 27.19, a P/E/G ratio of 2.51 and a beta of 1.60.

Trex (NYSE:TREX - Get Free Report) last announced its earnings results on Monday, February 24th. The construction company reported $0.09 EPS for the quarter, beating analysts' consensus estimates 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 during the quarter, compared to analysts' expectations of $160.54 million. As a group, analysts expect that Trex Company, Inc. will post 2.04 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several equities analysts have commented on the stock. Truist Financial dropped their price target on shares of Trex from $100.00 to $90.00 and set a "buy" rating for the company in a research note on Tuesday, February 25th. Bank of America decreased their price objective on shares of Trex from $85.00 to $79.00 and set a "buy" rating for the company in a research report on Tuesday, February 25th. UBS Group decreased their price objective on shares of Trex from $76.00 to $74.00 and set a "neutral" rating for the company in a research report on Tuesday, February 25th. StockNews.com cut shares of Trex from a "hold" rating to a "sell" rating in a research report on Wednesday, March 5th. Finally, Citigroup decreased their price objective on shares of Trex from $84.00 to $78.00 and set a "neutral" rating for the company in a research report on Monday, January 6th. Two analysts have rated the stock with a sell rating, nine have assigned a hold rating and six have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, the stock has an average rating of "Hold" and a consensus target price of $78.63.

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.