Trex Company, Inc. (NYSE:TREX) Stock Holdings Trimmed by Park Avenue Securities LLC

Park Avenue Securities LLC lessened its holdings in shares of Trex Company, Inc. (NYSE:TREXFree Report) by 14.3% in the first quarter, according to its most recent filing with the SEC. The firm owned 8,956 shares of the construction company’s stock after selling 1,497 shares during the quarter. Park Avenue Securities LLC’s holdings in Trex were worth $893,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently modified their holdings of the business. HighTower Advisors LLC raised its holdings in Trex by 11.9% during the third quarter. HighTower Advisors LLC now owns 8,873 shares of the construction company’s stock worth $547,000 after purchasing an additional 943 shares in the last quarter. FMR LLC increased its position in shares of Trex by 128.5% during the 3rd quarter. FMR LLC now owns 565,951 shares of the construction company’s stock valued at $34,880,000 after purchasing an additional 318,300 shares during the period. Hsbc Holdings PLC raised its stake in shares of Trex by 919.7% in the 3rd quarter. Hsbc Holdings PLC now owns 37,167 shares of the construction company’s stock worth $2,293,000 after buying an additional 33,522 shares in the last quarter. Stifel Financial Corp lifted its holdings in shares of Trex by 4.5% in the third quarter. Stifel Financial Corp now owns 236,805 shares of the construction company’s stock valued at $14,594,000 after buying an additional 10,230 shares during the period. Finally, MQS Management LLC bought a new position in Trex during the third quarter valued at about $272,000. Institutional investors own 95.96% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have weighed in on the stock. Barclays upped their price target on shares of Trex from $93.00 to $94.00 and gave the company an “underweight” rating in a report on Friday, May 10th. Benchmark restated a “buy” rating and set a $105.00 target price on shares of Trex in a report on Tuesday, May 14th. JPMorgan Chase & Co. upped their price target 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 reduced their price objective on Trex from $110.00 to $105.00 and set a “neutral” rating for the company in a research note on Friday, May 10th. Finally, 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. Two investment analysts have rated the stock with a sell rating, nine have given a hold rating and eight have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $89.47.

Get Our Latest Analysis on Trex

Trex Stock Performance

Trex stock opened at $74.57 on Thursday. Trex Company, Inc. has a twelve month low of $53.59 and a twelve month high of $101.91. The firm has a market cap of $8.11 billion, a PE ratio of 32.00, a P/E/G ratio of 1.64 and a beta of 1.56. The firm’s 50 day moving average price is $86.39 and its two-hundred day moving average price is $87.62.

Trex (NYSE:TREXGet Free Report) last posted its quarterly 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. The business had revenue of $373.64 million for the quarter, compared to the consensus estimate of $367.31 million. Trex had a net margin of 20.60% and a return on equity of 35.33%. Trex’s revenue for the quarter was up 56.5% compared to the same quarter last year. During the same period in the prior year, the business posted $0.38 earnings per share. Equities analysts anticipate that Trex Company, Inc. will post 2.26 EPS for the current fiscal year.

Insider Transactions at Trex

In related news, SVP Jacob T. Rudolph sold 16,440 shares of the stock in a transaction that occurred on Wednesday, May 15th. The stock was sold at an average price of $90.90, for a total value of $1,494,396.00. Following the transaction, the senior vice president now owns 25,746 shares in the company, valued at $2,340,311.40. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Company insiders own 0.71% of the company’s stock.

Trex Company Profile

(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.

Read More

Institutional Ownership by Quarter for Trex (NYSE:TREX)

Receive News & Ratings for Trex Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Trex and related companies with MarketBeat.com's FREE daily email newsletter.