15,814 Shares in Trex Company, Inc. $TREX Acquired by Fieldview Capital Management LLC

Fieldview Capital Management LLC purchased a new position in Trex Company, Inc. (NYSE:TREX) in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 15,814 shares of the construction company’s stock, valued at approximately $817,000.

A number of other institutional investors have also added to or reduced their stakes in the stock. WCM Investment Management LLC grew its holdings in Trex by 734.5% during the 3rd quarter. WCM Investment Management LLC now owns 39,566 shares of the construction company’s stock valued at $2,033,000 after buying an additional 34,825 shares in the last quarter. Lisanti Capital Growth LLC purchased a new stake in shares of Trex during the 3rd quarter worth approximately $3,614,000. Thrivent Financial for Lutherans raised its holdings in shares of Trex by 7.9% during the 3rd quarter. Thrivent Financial for Lutherans now owns 906,892 shares of the construction company’s stock worth $46,859,000 after acquiring an additional 66,721 shares in the last quarter. Advantage Alpha Capital Partners LP boosted its position in shares of Trex by 169.2% during the 2nd quarter. Advantage Alpha Capital Partners LP now owns 75,013 shares of the construction company’s stock valued at $4,079,000 after acquiring an additional 47,143 shares during the last quarter. Finally, Pembroke Management LTD boosted its position in shares of Trex by 23.7% during the 2nd quarter. Pembroke Management LTD now owns 427,238 shares of the construction company’s stock valued at $23,233,000 after acquiring an additional 81,970 shares during the last quarter. 95.96% of the stock is owned by hedge funds and other institutional investors.

Trex Trading Down 0.3%

TREX stock opened at $37.21 on Wednesday. The stock has a market cap of $3.93 billion, a PE ratio of 21.02, a P/E/G ratio of 8.58 and a beta of 1.58. Trex Company, Inc. has a 12 month low of $29.77 and a 12 month high of $68.78. The company has a 50-day moving average price of $41.15 and a 200 day moving average price of $44.01.

Trex (NYSE:TREX) last posted its quarterly earnings data on Tuesday, February 24th. The construction company reported $0.04 earnings per share for the quarter, topping analysts’ consensus estimates of ($0.01) by $0.05. Trex had a net margin of 16.22% and a return on equity of 20.29%. The company had revenue of $161.13 million for the quarter, compared to analyst estimates of $144.39 million. During the same period in the prior year, the company posted $0.09 EPS. The firm’s revenue for the quarter was down 3.9% on a year-over-year basis. Sell-side analysts forecast that Trex Company, Inc. will post 2.04 EPS for the current year.

Wall Street Analysts Forecast Growth

Several brokerages recently weighed in on TREX. The Goldman Sachs Group set a $54.00 price target on shares of Trex and gave the stock a “buy” rating in a research report on Tuesday, December 16th. Wolfe Research raised shares of Trex from a “peer perform” rating to an “outperform” rating and set a $47.00 price objective for the company in a research note on Wednesday, January 7th. DA Davidson upgraded shares of Trex from a “neutral” rating to a “buy” rating and boosted their target price for the stock from $45.00 to $50.00 in a report on Monday, January 12th. Barclays increased their price target on shares of Trex from $32.00 to $39.00 and gave the company an “underweight” rating in a report on Wednesday, February 25th. Finally, Wall Street Zen raised Trex from a “sell” rating to a “hold” rating in a research note on Saturday, February 28th. Ten equities research analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and three have issued a Sell rating to the stock. Based on data from MarketBeat, Trex currently has an average rating of “Hold” and an average price target of $47.73.

Trex Company Profile

Trex Company, Inc is a leading manufacturer of wood-alternative decking and railing systems designed for residential and commercial outdoor living environments. The company’s core offerings feature composite decking products made from a proprietary blend of recycled wood fibers and plastic film, which deliver enhanced durability, resistance to rot and insect damage, and low maintenance compared to traditional wood. Trex also provides matching railing, lighting, fencing and cladding solutions that allow customers to create cohesive, high-performance outdoor spaces.

Trex’s product portfolio is organized into multiple performance tiers, including premium, mid-range and value-oriented lines.