Trex Company, Inc. (NYSE:TREX) Shares Bought by Nisa Investment Advisors LLC

Nisa Investment Advisors LLC boosted its stake in shares of Trex Company, Inc. (NYSE:TREX) by 9.1% in the fourth quarter, Holdings Channel reports. The fund owned 14,443 shares of the construction company’s stock after purchasing an additional 1,200 shares during the period. Nisa Investment Advisors LLC’s holdings in Trex were worth $1,196,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds also recently added to or reduced their stakes in the stock. Prime Capital Investment Advisors LLC acquired a new stake in Trex during the 4th quarter worth approximately $323,000. Capital Insight Partners LLC lifted its position in Trex by 0.9% during the 4th quarter. Capital Insight Partners LLC now owns 38,119 shares of the construction company’s stock worth $3,156,000 after acquiring an additional 327 shares during the period. ABLE Financial Group LLC lifted its holdings in shares of Trex by 29.6% in the 4th quarter. ABLE Financial Group LLC now owns 7,985 shares of the construction company’s stock valued at $661,000 after buying an additional 1,823 shares during the period. International Assets Investment Management LLC lifted its holdings in shares of Trex by 3,743.6% in the 4th quarter. International Assets Investment Management LLC now owns 5,381 shares of the construction company’s stock valued at $445,000 after buying an additional 5,241 shares during the period. Finally, Ballentine Partners LLC acquired a new stake in shares of Trex in the 4th quarter valued at approximately $213,000. 95.96% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several analysts have recently commented on the company. Robert W. Baird raised their price target on Trex from $105.00 to $110.00 and gave the company a “neutral” rating in a report on Monday, April 8th. JPMorgan Chase & Co. raised their price target on Trex from $79.00 to $93.00 and gave the company a “neutral” rating in a report on Friday, March 1st. Barclays raised their price target on Trex from $86.00 to $93.00 and gave the company an “underweight” rating in a report on Thursday, April 4th. Stifel Nicolaus raised their price target on Trex from $90.00 to $107.00 and gave the company a “buy” rating in a report on Tuesday, February 27th. Finally, DA Davidson raised their price objective on Trex from $80.00 to $87.00 and gave the company a “neutral” rating in a research note on Tuesday, February 27th. Two research analysts have rated the stock with a sell rating, nine have given a hold rating and eight have given a buy rating to the stock. According to MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $88.72.

Trex Stock Down 0.9 %

TREX stock opened at $91.92 on Monday. Trex Company, Inc. has a 52-week low of $50.30 and a 52-week high of $101.91. The stock’s fifty day simple moving average is $94.08 and its 200-day simple moving average is $78.81. The stock has a market capitalization of $9.98 billion, a price-to-earnings ratio of 48.64, a price-to-earnings-growth ratio of 2.12 and a beta of 1.60.

Trex (NYSE:TREX) last posted its quarterly earnings data on Monday, February 26th. The construction company reported $0.20 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.19 by $0.01. Trex had a return on equity of 31.26% and a net margin of 18.76%. The business had revenue of $195.75 million for the quarter, compared to analysts’ expectations of $193.40 million. During the same quarter last year, the firm earned $0.23 earnings per share. The business’s revenue was up 1.9% on a year-over-year basis. As a group, analysts anticipate that Trex Company, Inc. will post 2.21 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.