Trex Company, Inc. (NYSE:TREX) Shares Bought by Van ECK Associates Corp

Van ECK Associates Corp grew its holdings in Trex Company, Inc. (NYSE:TREX - Free Report) by 40.0% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 81,726 shares of the construction company's stock after acquiring an additional 23,351 shares during the period. Van ECK Associates Corp owned about 0.08% of Trex worth $5,137,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in TREX. Envestnet Portfolio Solutions Inc. raised its holdings in shares of Trex by 52.5% during the 1st quarter. Envestnet Portfolio Solutions Inc. now owns 18,072 shares of the construction company's stock valued at $1,803,000 after buying an additional 6,219 shares during the period. Lisanti Capital Growth LLC raised its stake in shares of Trex by 63.4% during the first quarter. Lisanti Capital Growth LLC now owns 12,155 shares of the construction company's stock valued at $1,212,000 after purchasing an additional 4,715 shares during the period. Avantax Advisory Services Inc. lifted its position in shares of Trex by 4.6% during the first quarter. Avantax Advisory Services Inc. now owns 3,950 shares of the construction company's stock worth $394,000 after purchasing an additional 173 shares in the last quarter. Motley Fool Asset Management LLC boosted its stake in shares of Trex by 287.5% in the first quarter. Motley Fool Asset Management LLC now owns 324,808 shares of the construction company's stock valued at $32,400,000 after purchasing an additional 240,989 shares during the period. Finally, State Board of Administration of Florida Retirement System grew its holdings in Trex by 4.8% during the 1st quarter. State Board of Administration of Florida Retirement System now owns 121,361 shares of the construction company's stock valued at $12,106,000 after purchasing an additional 5,568 shares in the last quarter. Institutional investors and hedge funds own 95.96% of the company's stock.

Trex Trading Up 1.2 %

NYSE TREX traded up $0.89 during trading hours on Friday, reaching $72.76. The company's stock had a trading volume of 756,342 shares, compared to its average volume of 1,019,273. The stock has a market cap of $7.80 billion, a PE ratio of 33.22, a PEG ratio of 3.29 and a beta of 1.49. The business has a 50-day simple moving average of $66.40 and a 200 day simple moving average of $74.71. Trex Company, Inc. has a 52 week low of $58.68 and a 52 week high of $101.91.

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

Wall Street Analyst Weigh In

A number of equities analysts have commented on the stock. DA Davidson boosted their price objective on shares of Trex from $70.00 to $74.00 and gave the stock a "neutral" rating in a report on Tuesday, October 29th. Stifel Nicolaus cut their price target on Trex from $110.00 to $85.00 and set a "buy" rating on the stock in a research note on Wednesday, August 7th. JPMorgan Chase & Co. lowered their price objective on Trex from $95.00 to $69.00 and set a "neutral" rating for the company in a research note on Monday, August 12th. Bank of America dropped their price objective on Trex from $97.00 to $85.00 and set a "buy" rating on the stock in a report on Wednesday, August 7th. Finally, Robert W. Baird increased their target price on Trex from $70.00 to $78.00 and gave the company a "neutral" rating in a research note on Tuesday, October 29th. Two equities research analysts have rated the stock with a sell rating, ten have given a hold rating and six have assigned a buy rating to the company. Based on data from MarketBeat, Trex presently has an average rating of "Hold" and an average price target of $79.94.

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.