Trex Company, Inc. (NYSE:TREX) Stake Lessened by Russell Investments Group Ltd.

Russell Investments Group Ltd. decreased its position in shares of Trex Company, Inc. (NYSE:TREX) by 5.7% during the 4th quarter, Holdings Channel.com reports. The firm owned 95,007 shares of the construction company’s stock after selling 5,714 shares during the quarter. Russell Investments Group Ltd.’s holdings in Trex were worth $7,866,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in TREX. Motley Fool Wealth Management LLC acquired a new stake in shares of Trex in the fourth quarter valued at $8,590,000. Truist Financial Corp bought a new position in shares of Trex during the 4th quarter valued at about $303,000. Motley Fool Asset Management LLC grew its stake in shares of Trex by 355.3% in the 4th quarter. Motley Fool Asset Management LLC now owns 83,819 shares of the construction company’s stock worth $6,939,000 after purchasing an additional 65,409 shares during the last quarter. Semanteon Capital Management LP bought a new stake in shares of Trex in the 4th quarter worth approximately $1,273,000. Finally, Bank Julius Baer & Co. Ltd Zurich lifted its stake in Trex by 14.8% during the fourth quarter. Bank Julius Baer & Co. Ltd Zurich now owns 30,900 shares of the construction company’s stock valued at $2,558,000 after purchasing an additional 3,973 shares during the last quarter. 95.96% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several research firms have issued reports on TREX. Robert W. Baird upped their price target on Trex from $105.00 to $110.00 and gave the company a “neutral” rating in a report on Monday, April 8th. The Goldman Sachs Group upped their target price on Trex from $89.00 to $108.00 and gave the company a “buy” rating in a report on Wednesday, February 28th. Truist Financial lifted 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. Stifel Nicolaus raised their target price on shares of Trex from $90.00 to $107.00 and gave the stock a “buy” rating in a report on Tuesday, February 27th. Finally, UBS Group boosted their price target on shares of Trex from $84.00 to $100.00 and gave the company a “neutral” rating in a report on Tuesday, February 27th. Two equities research analysts have rated the stock with a sell rating, nine have issued a hold rating and eight have assigned a buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $88.72.

Trex Stock Performance

Shares of NYSE TREX opened at $92.52 on Wednesday. The stock has a market cap of $10.05 billion, a price-to-earnings ratio of 48.95, a PEG ratio of 2.06 and a beta of 1.60. The business has a 50 day simple moving average of $93.81 and a 200 day simple moving average of $82.56. Trex Company, Inc. has a 52 week low of $51.03 and a 52 week high of $101.91.

Trex (NYSE:TREX) last announced 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. Trex had a net margin of 18.76% and a return on equity of 31.26%. The company had revenue of $195.75 million for the quarter, compared to analyst estimates of $193.40 million. Trex’s quarterly revenue was up 1.9% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.23 EPS. On average, analysts predict that Trex Company, Inc. will post 2.22 EPS for the current 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.