3,901 Shares in Trex Company, Inc. (NYSE:TREX) Bought by Prime Capital Investment Advisors LLC

Prime Capital Investment Advisors LLC purchased a new position in shares of Trex Company, Inc. (NYSE:TREX) in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm purchased 3,901 shares of the construction company’s stock, valued at approximately $323,000.

Other large investors have also recently bought and sold shares of the company. Contravisory Investment Management Inc. purchased a new position in Trex in the fourth quarter worth $28,000. Covestor Ltd raised its position in Trex by 178.8% in the first quarter. Covestor Ltd now owns 382 shares of the construction company’s stock worth $25,000 after acquiring an additional 245 shares in the last quarter. Loomis Sayles & Co. L P purchased a new position in Trex in the third quarter worth $27,000. Headinvest LLC purchased a new position in Trex in the third quarter worth $29,000. Finally, Quarry LP purchased a new position in Trex in the first quarter worth $31,000. Hedge funds and other institutional investors own 95.96% of the company’s stock.

Trex Trading Down 0.9 %

Trex stock opened at $91.92 on Friday. The stock has a market cap of $9.98 billion, a PE ratio of 48.64, a P/E/G ratio of 2.14 and a beta of 1.60. The stock has a 50-day moving average price of $94.08 and a 200 day moving average price of $78.59. Trex Company, Inc. has a 52 week low of $50.30 and a 52 week high of $101.91.

Trex (NYSE:TREX) last issued its quarterly earnings results on Monday, February 26th. The construction company reported $0.20 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.19 by $0.01. Trex had a return on equity of 31.26% and a net margin of 18.76%. The firm had revenue of $195.75 million for the quarter, compared to analyst estimates of $193.40 million. During the same period last year, the company earned $0.23 EPS. The firm’s quarterly revenue was up 1.9% on a year-over-year basis. On average, equities analysts predict that Trex Company, Inc. will post 2.21 EPS for the current year.

Analyst Upgrades and Downgrades

TREX has been the subject of several research analyst reports. Benchmark increased their price objective on Trex from $85.00 to $105.00 and gave the stock a “buy” rating in a research report on Friday, March 1st. Stifel Nicolaus increased their price objective on Trex from $90.00 to $107.00 and gave the stock a “buy” rating in a research report on Tuesday, February 27th. Robert W. Baird raised their price target on Trex from $105.00 to $110.00 and gave the company a “neutral” rating in a research report on Monday, April 8th. The Goldman Sachs Group raised their price target on Trex from $89.00 to $108.00 and gave the company a “buy” rating in a research report on Wednesday, February 28th. Finally, Barclays raised their price target on Trex from $86.00 to $93.00 and gave the company an “underweight” rating in a research report on Thursday, April 4th. Two equities research analysts have rated the stock with a sell rating, nine have issued a hold rating and eight have issued a buy rating to the company. Based on data from MarketBeat, Trex presently has a consensus rating of “Hold” and an average price target of $88.72.

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.