Trex Company, Inc. $TREX Shares Bought by Fisher Asset Management LLC

Fisher Asset Management LLC lifted its stake in shares of Trex Company, Inc. (NYSE:TREX) by 19.0% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 329,124 shares of the construction company’s stock after acquiring an additional 52,508 shares during the quarter. Fisher Asset Management LLC owned 0.31% of Trex worth $17,006,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently modified their holdings of TREX. AQR Capital Management LLC boosted its position in shares of Trex by 3.2% in the 1st quarter. AQR Capital Management LLC now owns 5,642 shares of the construction company’s stock valued at $320,000 after purchasing an additional 177 shares during the period. Goldman Sachs Group Inc. lifted its stake in Trex by 91.3% during the first quarter. Goldman Sachs Group Inc. now owns 822,772 shares of the construction company’s stock valued at $47,803,000 after buying an additional 392,715 shares in the last quarter. Envestnet Asset Management Inc. boosted its holdings in shares of Trex by 4.2% in the second quarter. Envestnet Asset Management Inc. now owns 385,301 shares of the construction company’s stock worth $20,953,000 after buying an additional 15,476 shares during the period. Teacher Retirement System of Texas boosted its holdings in shares of Trex by 3.9% in the second quarter. Teacher Retirement System of Texas now owns 16,294 shares of the construction company’s stock worth $886,000 after buying an additional 615 shares during the period. Finally, Hantz Financial Services Inc. increased its position in shares of Trex by 10,133.3% in the second quarter. Hantz Financial Services Inc. now owns 1,228 shares of the construction company’s stock worth $67,000 after acquiring an additional 1,216 shares in the last quarter. 95.96% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

TREX has been the subject of several research analyst reports. Wall Street Zen upgraded shares of Trex from a “sell” rating to a “hold” rating in a research report on Saturday, February 28th. Wolfe Research upgraded Trex from a “peer perform” rating to an “outperform” rating and set a $47.00 target price for the company in a report on Wednesday, January 7th. Benchmark downgraded Trex from a “buy” rating to a “hold” rating in a report on Wednesday, February 11th. Weiss Ratings reissued a “sell (d+)” rating on shares of Trex in a research note on Monday, December 29th. Finally, Stifel Nicolaus set a $37.50 price objective on Trex and gave the stock a “hold” rating in a research report on Monday, February 23rd. Ten research analysts have rated the stock with a Buy rating, ten have given a Hold rating and three have issued a Sell rating to the company’s stock. According to data from MarketBeat, Trex has a consensus rating of “Hold” and a consensus price target of $47.73.

Trex Trading Up 0.2%

NYSE TREX opened at $40.23 on Thursday. Trex Company, Inc. has a 1-year low of $29.77 and a 1-year high of $68.78. The firm’s fifty day simple moving average is $40.97 and its 200-day simple moving average is $44.85. The company has a market capitalization of $4.25 billion, a PE ratio of 22.73, a price-to-earnings-growth ratio of 9.23 and a beta of 1.58.

Trex (NYSE:TREX) last issued its earnings results on Tuesday, February 24th. The construction company reported $0.04 EPS for the quarter, beating analysts’ consensus estimates of ($0.01) by $0.05. Trex had a return on equity of 20.29% and a net margin of 16.22%.The firm had revenue of $161.13 million for the quarter, compared to the consensus estimate of $144.39 million. During the same quarter in the previous year, the company posted $0.09 earnings per share. The business’s quarterly revenue was down 3.9% compared to the same quarter last year. As a group, analysts predict that Trex Company, Inc. will post 2.04 EPS for the current year.

Trex 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.