WINTON GROUP Ltd Sells 8,079 Shares of Trex Company, Inc. (NYSE:TREX)

WINTON GROUP Ltd lessened its stake in Trex Company, Inc. (NYSE:TREX - Free Report) by 38.4% during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 12,980 shares of the construction company's stock after selling 8,079 shares during the quarter. WINTON GROUP Ltd's holdings in Trex were worth $896,000 at the end of the most recent reporting period.

Other hedge funds have also recently modified their holdings of the company. Summitry LLC bought a new position in Trex during the fourth quarter valued at approximately $221,000. LPL Financial LLC boosted its position in shares of Trex by 28.4% during the 4th quarter. LPL Financial LLC now owns 127,457 shares of the construction company's stock valued at $8,798,000 after acquiring an additional 28,176 shares during the last quarter. KLP Kapitalforvaltning AS purchased a new position in shares of Trex in the fourth quarter valued at $1,519,000. Sei Investments Co. increased its position in Trex by 18.8% in the fourth quarter. Sei Investments Co. now owns 421,489 shares of the construction company's stock worth $29,095,000 after purchasing an additional 66,661 shares during the last quarter. Finally, Millstone Evans Group LLC purchased a new stake in Trex during the fourth quarter valued at $518,000. Hedge funds and other institutional investors own 95.96% of the company's stock.

Insider Buying and Selling

In other Trex news, Director Melkeya Mcduffie sold 1,420 shares of the stock in a transaction on Friday, February 28th. The stock was sold at an average price of $61.88, for a total transaction of $87,869.60. Following the sale, the director now owns 1,705 shares of the company's stock, valued at approximately $105,505.40. This trade represents a 45.44 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.71% of the stock is owned by insiders.

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Trex Price Performance

Shares of NYSE:TREX traded down $5.21 during trading on Thursday, reaching $54.78. 540,448 shares of the company were exchanged, compared to its average volume of 1,593,949. The business's fifty day simple moving average is $63.73 and its 200-day simple moving average is $67.82. Trex Company, Inc. has a 12-month low of $52.75 and a 12-month high of $97.69. The firm has a market capitalization of $5.87 billion, a PE ratio of 25.01, a P/E/G ratio of 2.51 and a beta of 1.60.

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

Analysts Set New Price Targets

TREX has been the topic of a number of research reports. Citigroup reduced their target price on shares of Trex from $84.00 to $78.00 and set a "neutral" rating on the stock in a report on Monday, January 6th. UBS Group reduced their price objective on Trex from $76.00 to $74.00 and set a "neutral" rating on the stock in a research note on Tuesday, February 25th. Jefferies Financial Group lowered their price objective on Trex from $81.00 to $71.00 and set a "hold" rating for the company in a research note on Tuesday, February 25th. Benchmark reissued a "buy" rating and set a $80.00 target price on shares of Trex in a research report on Monday, March 3rd. Finally, JPMorgan Chase & Co. decreased their price target on Trex from $79.00 to $73.00 and set a "neutral" rating on the stock in a report on Wednesday, March 5th. Two analysts have rated the stock with a sell rating, nine have issued a hold rating and seven have given a buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Hold" and an average target price of $79.00.

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.