US Bancorp DE Has $1.11 Million Holdings in Trex Company, Inc. (NYSE:TREX)

US Bancorp DE increased its holdings in Trex Company, Inc. (NYSE:TREXFree Report) by 16.0% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 13,433 shares of the construction company’s stock after purchasing an additional 1,851 shares during the quarter. US Bancorp DE’s holdings in Trex were worth $1,112,000 at the end of the most recent reporting period.

Other institutional investors also recently modified their holdings of the company. Loomis Sayles & Co. L P bought a new stake in shares of Trex in the third quarter worth $27,000. Contravisory Investment Management Inc. bought a new stake in shares of Trex in the fourth quarter worth $28,000. Headinvest LLC bought a new stake in shares of Trex in the third quarter worth $29,000. Vestor Capital LLC bought a new stake in Trex during the fourth quarter valued at $47,000. 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 valued at $58,000 after acquiring an additional 811 shares during the last quarter. Institutional investors own 95.96% of the company’s stock.

Trex Price Performance

TREX opened at $84.46 on Tuesday. Trex Company, Inc. has a fifty-two week low of $53.59 and a fifty-two week high of $101.91. The firm has a market capitalization of $9.18 billion, a PE ratio of 36.25, a P/E/G ratio of 1.91 and a beta of 1.56. The company’s 50-day moving average is $91.19 and its 200 day moving average is $86.21.

Trex (NYSE:TREXGet Free Report) last posted its earnings results on Thursday, May 9th. The construction company reported $0.82 earnings per share for the quarter, topping analysts’ consensus estimates of $0.72 by $0.10. Trex had a net margin of 20.60% and a return on equity of 35.33%. The company had revenue of $373.64 million for the quarter, compared to analyst estimates of $367.31 million. During the same quarter in the prior year, the business posted $0.38 EPS. The firm’s revenue was up 56.5% compared to the same quarter last year. As a group, analysts expect that Trex Company, Inc. will post 2.25 EPS for the current year.

Wall Street Analyst Weigh In

A number of analysts have commented on the stock. JPMorgan Chase & Co. upped their price target on shares of Trex from $79.00 to $93.00 and gave the company a “neutral” rating in a research report on Friday, March 1st. Stifel Nicolaus upped their price target on shares of Trex from $90.00 to $107.00 and gave the company a “buy” rating in a research report on Tuesday, February 27th. Benchmark reaffirmed a “buy” rating and set a $105.00 price target on shares of Trex in a research report on Tuesday, May 14th. DA Davidson upped their price target on shares of Trex from $80.00 to $87.00 and gave the company a “neutral” rating in a research report on Tuesday, February 27th. Finally, Barclays upped their price target on shares of Trex from $93.00 to $94.00 and gave the company an “underweight” rating in a research report on Friday, May 10th. Two 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 stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $89.47.

View Our Latest Report on TREX

Insider Buying and Selling

In other Trex news, SVP Jacob T. Rudolph sold 16,440 shares of the stock in a transaction dated Wednesday, May 15th. The shares were sold at an average price of $90.90, for a total value of $1,494,396.00. Following the completion of the sale, the senior vice president now owns 25,746 shares in the company, valued at approximately $2,340,311.40. The transaction was disclosed in a document filed with the SEC, which is available at this link. 0.71% of the stock is currently owned by company insiders.

About Trex

(Free Report)

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.

Further Reading

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Institutional Ownership by Quarter for Trex (NYSE:TREX)

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