Rise Advisors LLC Has $40,000 Stake in Trex Company, Inc. (NYSE:TREX)

Rise Advisors LLC boosted its holdings in Trex Company, Inc. (NYSE:TREX) by 305.0% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 405 shares of the construction company’s stock after purchasing an additional 305 shares during the period. Rise Advisors LLC’s holdings in Trex were worth $40,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also added to or reduced their stakes in TREX. V Square Quantitative Management LLC bought a new position in Trex in the fourth quarter valued at $25,000. Mather Group LLC. bought a new position in Trex in the first quarter valued at $26,000. Loomis Sayles & Co. L P bought a new position in Trex in the third quarter valued at $27,000. Contravisory Investment Management Inc. bought a new position in Trex in the fourth quarter valued at $28,000. Finally, Headinvest LLC bought a new position in Trex in the third quarter valued at $29,000. Institutional investors own 95.96% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts have recently commented on the stock. DA Davidson lifted their price objective on shares of Trex from $80.00 to $87.00 and gave the company a “neutral” rating in a research report on Tuesday, February 27th. Stifel Nicolaus lifted their price objective on shares of Trex from $90.00 to $107.00 and gave the company a “buy” rating in a research report on Tuesday, February 27th. Robert W. Baird decreased their price objective on shares of Trex from $110.00 to $105.00 and set a “neutral” rating for the company in a research report on Friday, May 10th. The Goldman Sachs Group lifted their price objective on shares of Trex from $89.00 to $108.00 and gave the company a “buy” rating in a research report on Wednesday, February 28th. Finally, UBS Group lifted their price objective on shares of Trex from $84.00 to $100.00 and gave the company a “neutral” rating in a research report on Tuesday, February 27th. Two investment analysts have rated the stock with a sell rating, nine have issued a hold rating and eight have assigned a buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $89.47.

Trex Stock Down 0.2 %

Shares of Trex stock opened at $84.04 on Friday. Trex Company, Inc. has a twelve month low of $53.59 and a twelve month high of $101.91. The company has a 50-day simple moving average of $87.45 and a two-hundred day simple moving average of $87.41. The stock has a market capitalization of $9.13 billion, a price-to-earnings ratio of 36.07, a price-to-earnings-growth ratio of 1.85 and a beta of 1.56.

Trex (NYSE:TREX) last issued its quarterly earnings data on Thursday, May 9th. The construction company reported $0.82 earnings per share for the quarter, topping the consensus estimate of $0.72 by $0.10. Trex had a net margin of 20.60% and a return on equity of 35.33%. The business had revenue of $373.64 million during the quarter, compared to analysts’ expectations of $367.31 million. During the same quarter in the previous year, the company earned $0.38 EPS. The business’s revenue was up 56.5% on a year-over-year basis. On average, sell-side analysts anticipate that Trex Company, Inc. will post 2.26 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other Trex news, SVP Jacob T. Rudolph sold 16,440 shares of Trex stock in a transaction dated Wednesday, May 15th. The shares were sold at an average price of $90.90, for a total value of $1,494,396.00. Following the completion of the sale, the senior vice president now owns 25,746 shares in the company, valued at approximately $2,340,311.40. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 0.71% of the company’s stock.

About Trex

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.