International Assets Investment Management LLC Purchases 5,241 Shares of Trex Company, Inc. (NYSE:TREX)

International Assets Investment Management LLC grew its position in Trex Company, Inc. (NYSE:TREX) by 3,743.6% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 5,381 shares of the construction company’s stock after acquiring an additional 5,241 shares during the period. International Assets Investment Management LLC’s holdings in Trex were worth $445,000 as of its most recent filing with the SEC.

Other large investors also recently modified their holdings of the company. AE Wealth Management LLC acquired a new stake in Trex in the third quarter valued at $565,000. SG Americas Securities LLC increased its holdings in Trex by 13.1% in the third quarter. SG Americas Securities LLC now owns 31,416 shares of the construction company’s stock valued at $1,936,000 after purchasing an additional 3,636 shares during the period. Handelsbanken Fonder AB increased its holdings in Trex by 1.0% in the third quarter. Handelsbanken Fonder AB now owns 574,232 shares of the construction company’s stock valued at $35,390,000 after purchasing an additional 5,900 shares during the period. Harrington Investments INC increased its holdings in Trex by 2.9% in the third quarter. Harrington Investments INC now owns 9,559 shares of the construction company’s stock valued at $589,000 after purchasing an additional 270 shares during the period. Finally, RTD Financial Advisors Inc. increased its holdings in Trex by 44.8% in the third quarter. RTD Financial Advisors Inc. now owns 29,780 shares of the construction company’s stock valued at $1,835,000 after purchasing an additional 9,212 shares during the period. 95.96% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of analysts recently weighed in on the company. Truist Financial increased their price objective on Trex from $70.00 to $120.00 and gave the company a “buy” rating in a report on Tuesday, February 27th. UBS Group increased their price objective on Trex from $84.00 to $100.00 and gave the company a “neutral” rating in a report on Tuesday, February 27th. JPMorgan Chase & Co. increased their price objective on Trex from $79.00 to $93.00 and gave the company a “neutral” rating in a report on Friday, March 1st. Robert W. Baird increased their price objective on Trex from $105.00 to $110.00 and gave the company a “neutral” rating in a report on Monday, April 8th. Finally, DA Davidson increased their price target on Trex from $80.00 to $87.00 and gave the stock a “neutral” rating in a report on Tuesday, February 27th. Two analysts have rated the stock with a sell rating, nine have issued a hold rating and eight have given a buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and an average target price of $88.72.

Trex Price Performance

TREX stock opened at $89.41 on Friday. The stock has a market capitalization of $9.71 billion, a PE ratio of 47.31, a price-to-earnings-growth ratio of 2.02 and a beta of 1.60. The company’s 50-day moving average is $94.07 and its 200-day moving average is $80.28. Trex Company, Inc. has a 1 year low of $51.03 and a 1 year high of $101.91.

Trex (NYSE:TREX) last released its quarterly earnings data 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. The company had revenue of $195.75 million for the quarter, compared to analysts’ expectations 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% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.23 EPS. On average, analysts anticipate that Trex Company, Inc. will post 2.22 earnings per share for the current fiscal year.

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.