Xponance Inc. Decreases Holdings in Trex Company, Inc. (NYSE:TREX)

Xponance Inc. lowered its stake in Trex Company, Inc. (NYSE:TREX) by 3.7% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 21,969 shares of the construction company’s stock after selling 853 shares during the period. Xponance Inc.’s holdings in Trex were worth $1,628,000 as of its most recent SEC filing.

Other large investors also recently added to or reduced their stakes in the company. Franklin Resources Inc. bought a new position in shares of Trex during the 4th quarter valued at approximately $1,563,000. US Bancorp DE increased its position in Trex by 16.0% during the fourth quarter. US Bancorp DE now owns 13,433 shares of the construction company’s stock valued at $1,112,000 after acquiring an additional 1,851 shares during the last quarter. Commerce Bank purchased a new stake in shares of Trex in the fourth quarter valued at $273,000. Stifel Financial Corp lifted its holdings in shares of Trex by 3.5% in the 4th quarter. Stifel Financial Corp now owns 245,197 shares of the construction company’s stock worth $20,300,000 after acquiring an additional 8,392 shares during the last quarter. Finally, Treasurer of the State of North Carolina boosted its stake in shares of Trex by 4.2% during the 4th quarter. Treasurer of the State of North Carolina now owns 49,700 shares of the construction company’s stock worth $4,115,000 after purchasing an additional 2,002 shares during the period. 95.96% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on the stock. JPMorgan Chase & Co. decreased their price objective on shares of Trex from $95.00 to $69.00 and set a “neutral” rating for the company in a research note on Monday, August 12th. DA Davidson reduced their target price on Trex from $89.00 to $80.00 and set a “neutral” rating on the stock in a research note on Wednesday, July 3rd. StockNews.com raised shares of Trex from a “sell” rating to a “hold” rating in a research note on Thursday, September 19th. B. Riley cut their price target on shares of Trex from $107.00 to $97.00 and set a “buy” rating on the stock in a report on Wednesday, August 7th. Finally, The Goldman Sachs Group decreased their price objective on shares of Trex from $114.00 to $93.00 and set a “buy” rating for the company in a report on Wednesday, July 10th. One investment analyst has rated the stock with a sell rating, ten have assigned a hold rating and six have given a buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $80.88.

Trex Price Performance

Shares of NYSE TREX opened at $67.02 on Friday. Trex Company, Inc. has a 1-year low of $53.59 and a 1-year high of $101.91. The business has a fifty day moving average price of $68.45 and a 200 day moving average price of $80.82. The stock has a market capitalization of $7.29 billion, a P/E ratio of 28.76, a price-to-earnings-growth ratio of 2.37 and a beta of 1.50.

Trex (NYSE:TREX) last announced its earnings results on Tuesday, August 6th. The construction company reported $0.80 EPS for the quarter, topping analysts’ consensus estimates of $0.78 by $0.02. Trex had a net margin of 21.07% and a return on equity of 33.53%. The business had revenue of $376.47 million during the quarter, compared to the consensus estimate of $387.87 million. During the same period in the previous year, the company posted $0.71 earnings per share. The firm’s revenue was up 5.6% on a year-over-year basis. As a group, equities research analysts anticipate that Trex Company, Inc. will post 2.03 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.