Yousif Capital Management LLC Has $2.15 Million Stock Holdings in Trex Company, Inc. (NYSE:TREX)

Yousif Capital Management LLC trimmed its position in shares of Trex Company, Inc. (NYSE:TREX) by 2.9% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 37,031 shares of the construction company’s stock after selling 1,089 shares during the quarter. Yousif Capital Management LLC’s holdings in Trex were worth $2,152,000 as of its most recent SEC filing.

A number of other hedge funds have also recently made changes to their positions in TREX. Stephens Inc. AR lifted its stake in shares of Trex by 10.6% in the fourth quarter. Stephens Inc. AR now owns 6,294 shares of the construction company’s stock worth $434,000 after acquiring an additional 601 shares during the period. Van ECK Associates Corp lifted its stake in shares of Trex by 35.4% in the fourth quarter. Van ECK Associates Corp now owns 110,697 shares of the construction company’s stock worth $7,641,000 after acquiring an additional 28,971 shares during the period. V Square Quantitative Management LLC lifted its stake in shares of Trex by 47.4% in the fourth quarter. V Square Quantitative Management LLC now owns 628 shares of the construction company’s stock worth $43,000 after acquiring an additional 202 shares during the period. Rhumbline Advisers lifted its stake in shares of Trex by 2.2% in the fourth quarter. Rhumbline Advisers now owns 328,954 shares of the construction company’s stock worth $22,708,000 after acquiring an additional 7,163 shares during the period. Finally, Principal Securities Inc. lifted its stake in shares of Trex by 5.0% in the fourth quarter. Principal Securities Inc. now owns 3,082 shares of the construction company’s stock worth $213,000 after acquiring an additional 147 shares during the period. 95.96% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of equities analysts recently commented on the company. Wall Street Zen lowered Trex from a “hold” rating to a “sell” rating in a research note on Wednesday, March 5th. UBS Group cut their price objective on Trex from $74.00 to $72.00 and set a “neutral” rating on the stock in a research note on Friday, May 9th. Jefferies Financial Group cut their price objective on Trex from $81.00 to $71.00 and set a “hold” rating on the stock in a research note on Tuesday, February 25th. Deutsche Bank Aktiengesellschaft initiated coverage on Trex in a report on Tuesday, April 1st. They issued a “buy” rating and a $85.00 target price for the company. Finally, Benchmark reiterated a “buy” rating and issued a $80.00 target price on shares of Trex in a report on Monday, May 12th. 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 company. According to MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $76.65.

Trex Stock Down 3.1%

NYSE TREX opened at $55.30 on Monday. The company has a market cap of $5.93 billion, a price-to-earnings ratio of 25.25, a P/E/G ratio of 2.51 and a beta of 1.52. Trex Company, Inc. has a 52 week low of $49.01 and a 52 week high of $86.56. The business has a 50 day moving average price of $57.16 and a 200-day moving average price of $63.45.

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

Insider Buying and Selling

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

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.