Trex Company, Inc. (NYSE:TREX) Shares Bought by GAMMA Investing LLC

GAMMA Investing LLC raised its position in Trex Company, Inc. (NYSE:TREX) by 13,708.1% during the 1st quarter, according to its most recent disclosure with the SEC. The fund owned 96,795 shares of the construction company’s stock after purchasing an additional 96,094 shares during the period. GAMMA Investing LLC owned about 0.09% of Trex worth $5,624,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of the company. Xponance Inc. grew its holdings in Trex by 0.7% in the fourth quarter. Xponance Inc. now owns 21,605 shares of the construction company’s stock valued at $1,491,000 after purchasing an additional 143 shares during the last quarter. Principal Securities Inc. increased its position in Trex by 5.0% during the 4th quarter. Principal Securities Inc. now owns 3,082 shares of the construction company’s stock worth $213,000 after purchasing an additional 147 shares in the last quarter. Harrington Investments INC increased its position in Trex by 1.8% during the 4th quarter. Harrington Investments INC now owns 9,106 shares of the construction company’s stock worth $629,000 after purchasing an additional 159 shares in the last quarter. Bessemer Group Inc. increased its position in Trex by 9.1% during the 4th quarter. Bessemer Group Inc. now owns 2,034 shares of the construction company’s stock worth $140,000 after purchasing an additional 170 shares in the last quarter. Finally, CIBC Asset Management Inc increased its position in Trex by 5.5% during the 4th quarter. CIBC Asset Management Inc now owns 3,335 shares of the construction company’s stock worth $230,000 after purchasing an additional 175 shares in the last quarter. Institutional investors and hedge funds own 95.96% of the company’s stock.

Insider Buying and Selling

In related news, SVP Jacob T. Rudolph sold 1,500 shares of the business’s stock in a transaction that occurred on Thursday, May 15th. The stock was sold at an average price of $60.27, for a total transaction of $90,405.00. Following the transaction, the senior vice president now directly owns 27,527 shares of the company’s stock, valued at approximately $1,659,052.29. The trade was a 5.17% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, SVP Amy M. Fernandez sold 2,366 shares of the company’s stock in a transaction that occurred on Monday, May 12th. The shares were sold at an average price of $61.17, for a total value of $144,728.22. Following the completion of the transaction, the senior vice president now directly owns 24,569 shares in the company, valued at approximately $1,502,885.73. The trade was a 8.78% decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.71% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

A number of analysts recently commented on the company. UBS Group dropped their price objective on Trex from $74.00 to $72.00 and set a “neutral” rating for the company in a research report on Friday, May 9th. Stephens dropped their price objective on Trex from $73.00 to $65.00 and set an “equal weight” rating for the company in a research report on Monday, May 12th. Citigroup dropped their price objective on Trex from $78.00 to $60.00 and set a “neutral” rating for the company in a research report on Friday, April 11th. Barclays dropped their price objective on Trex from $67.00 to $54.00 and set an “underweight” rating for the company in a research report on Tuesday, April 8th. Finally, JPMorgan Chase & Co. dropped their price objective on Trex from $79.00 to $73.00 and set a “neutral” rating for the company in a research report on Wednesday, March 5th. Two equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating and eight have given a buy rating to the stock. According to MarketBeat, the company has a consensus rating of “Hold” and an average price target of $76.65.

Trex Price Performance

NYSE TREX opened at $57.08 on Tuesday. The firm has a market capitalization of $6.12 billion, a P/E ratio of 26.06, a P/E/G ratio of 2.51 and a beta of 1.52. Trex Company, Inc. has a 1-year low of $49.01 and a 1-year high of $87.43. The business’s 50-day simple moving average is $56.90 and its 200-day simple moving average is $63.96.

Trex (NYSE:TREX) last released its quarterly earnings data on Thursday, May 8th. The construction company reported $0.60 earnings per share for the quarter, beating the consensus estimate of $0.58 by $0.02. The business had revenue of $339.99 million for the quarter, compared to analyst estimates of $329.11 million. Trex had a return on equity of 28.89% and a net margin of 20.23%. The company’s revenue was down 9.0% compared to the same quarter last year. During the same period in the previous year, the company posted $0.82 EPS. On average, equities research analysts expect that Trex Company, Inc. will post 2.04 EPS for the current fiscal 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.