Xponance Inc. Sells 927 Shares of Trex Company, Inc. (NYSE:TREX)

Xponance Inc. lowered its stake in shares of Trex Company, Inc. (NYSE:TREX) by 3.8% in the 4th quarter, Holdings Channel.com reports. The institutional investor owned 23,576 shares of the construction company’s stock after selling 927 shares during the period. Xponance Inc.’s holdings in Trex were worth $1,952,000 as of its most recent filing with the SEC.

Other institutional investors also recently added to or reduced their stakes in the company. Loomis Sayles & Co. L P bought a new position in Trex during the third quarter worth about $27,000. Contravisory Investment Management Inc. bought a new position in Trex during the fourth quarter worth about $28,000. Headinvest LLC bought a new position in Trex during the third quarter worth about $29,000. Larson Financial Group LLC boosted its position in Trex by 6,100.0% during the third quarter. Larson Financial Group LLC now owns 682 shares of the construction company’s stock worth $42,000 after purchasing an additional 671 shares during the period. Finally, Covestor Ltd boosted its position in Trex by 623.8% during the third quarter. Covestor Ltd now owns 941 shares of the construction company’s stock worth $58,000 after purchasing an additional 811 shares during the period. Institutional investors own 95.96% of the company’s stock.

Trex Stock Performance

TREX stock opened at $90.17 on Wednesday. The company has a market capitalization of $9.79 billion, a PE ratio of 47.71, a price-to-earnings-growth ratio of 2.02 and a beta of 1.60. Trex Company, Inc. has a one year low of $51.03 and a one year high of $101.91. The company’s 50 day moving average price is $94.09 and its two-hundred day moving average price is $80.00.

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

Analysts Set New Price Targets

TREX has been the subject of a number of research reports. Stifel Nicolaus increased their target price on shares of Trex from $90.00 to $107.00 and gave the stock a “buy” rating in a research report on Tuesday, February 27th. Barclays raised their price objective on shares of Trex from $86.00 to $93.00 and gave the company an “underweight” rating in a research report on Thursday, April 4th. UBS Group raised their price objective on shares of Trex from $84.00 to $100.00 and gave the company a “neutral” rating in a research report on Tuesday, February 27th. The Goldman Sachs Group raised their price objective on shares of Trex from $89.00 to $108.00 and gave the company a “buy” rating in a research report on Wednesday, February 28th. Finally, Benchmark raised their price objective on shares of Trex from $85.00 to $105.00 and gave the company a “buy” rating in a research report on Friday, March 1st. Two investment analysts have rated the stock with a sell rating, nine have given a hold rating and eight have given a buy rating to the stock. According to data from MarketBeat, Trex has an average rating of “Hold” and a consensus target price 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.