Savant Capital LLC Invests $225,000 in Trex Company, Inc. (NYSE:TREX)

Savant Capital LLC acquired a new stake in shares of Trex Company, Inc. (NYSE:TREX) in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 2,721 shares of the construction company’s stock, valued at approximately $225,000.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the stock. Shell Asset Management Co. increased its stake in shares of Trex by 0.5% in the third quarter. Shell Asset Management Co. now owns 35,605 shares of the construction company’s stock valued at $2,194,000 after purchasing an additional 163 shares during the period. Martin Capital Advisors LLP grew its holdings in Trex by 0.7% in the 4th quarter. Martin Capital Advisors LLP now owns 25,723 shares of the construction company’s stock worth $2,130,000 after buying an additional 168 shares in the last quarter. Fifth Third Bancorp grew its holdings in Trex by 13.2% in the 4th quarter. Fifth Third Bancorp now owns 1,554 shares of the construction company’s stock worth $129,000 after buying an additional 181 shares in the last quarter. Inspire Investing LLC increased its position in Trex by 4.2% in the 3rd quarter. Inspire Investing LLC now owns 4,960 shares of the construction company’s stock valued at $306,000 after acquiring an additional 201 shares during the period. Finally, Mitchell Capital Management Co. raised its stake in Trex by 0.4% during the 3rd quarter. Mitchell Capital Management Co. now owns 64,386 shares of the construction company’s stock valued at $3,968,000 after acquiring an additional 234 shares in the last quarter. Institutional investors and hedge funds own 95.96% of the company’s stock.

Wall Street Analysts Forecast Growth

TREX has been the subject of several recent analyst reports. Truist Financial increased their price target on Trex from $70.00 to $120.00 and gave the stock a “buy” rating in a research note on Tuesday, February 27th. DA Davidson raised their target price on shares of Trex from $80.00 to $87.00 and gave the company a “neutral” rating in a research note on Tuesday, February 27th. Stifel Nicolaus boosted their price target 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. The Goldman Sachs Group increased their price objective on shares of Trex from $89.00 to $108.00 and gave the company a “buy” rating in a report on Wednesday, February 28th. Finally, 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 note on Thursday, April 4th. Two equities research analysts have rated the stock with a sell rating, nine have assigned a hold rating and eight have given a buy rating to the company. According to data from MarketBeat.com, Trex currently has a consensus rating of “Hold” and a consensus target price of $88.72.

Trex Trading Down 0.9 %

Shares of TREX opened at $92.52 on Wednesday. The business’s 50-day moving average price is $93.81 and its 200 day moving average price is $82.56. The stock has a market capitalization of $10.05 billion, a P/E ratio of 48.95, a P/E/G ratio of 2.06 and a beta of 1.60. 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 earnings results on Monday, February 26th. The construction company reported $0.20 earnings per share for the quarter, topping the consensus estimate of $0.19 by $0.01. The business 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 firm’s quarterly 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 2.22 earnings per share for the current year.

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.