Bokf Na Lowers Stock Holdings in Trex Company, Inc. (NYSE:TREX)

Bokf Na reduced its stake in Trex Company, Inc. (NYSE:TREX) by 8.2% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 14,959 shares of the construction company’s stock after selling 1,343 shares during the quarter. Bokf Na’s holdings in Trex were worth $1,109,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently modified their holdings of TREX. V Square Quantitative Management LLC purchased a new stake in shares of Trex in the fourth quarter valued at approximately $25,000. Mather Group LLC. purchased a new stake in shares of Trex in the first quarter valued at approximately $26,000. Hantz Financial Services Inc. purchased a new stake in shares of Trex in the second quarter valued at approximately $31,000. Sunbelt Securities Inc. boosted its stake in shares of Trex by 1,744.4% in the first quarter. Sunbelt Securities Inc. now owns 332 shares of the construction company’s stock valued at $33,000 after buying an additional 314 shares in the last quarter. Finally, Rise Advisors LLC boosted its position in Trex by 305.0% during the first quarter. Rise Advisors LLC now owns 405 shares of the construction company’s stock worth $40,000 after purchasing an additional 305 shares in the last quarter. 95.96% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

TREX has been the topic of a number of research analyst reports. Benchmark decreased their target price on Trex from $105.00 to $80.00 and set a “buy” rating on the stock in a research report on Thursday, August 8th. DA Davidson decreased their target price on Trex from $89.00 to $80.00 and set a “neutral” rating on the stock in a research report on Wednesday, July 3rd. UBS Group decreased their target price on Trex from $104.00 to $79.00 and set a “neutral” rating on the stock in a research report on Wednesday, August 7th. B. Riley decreased their target price on Trex from $107.00 to $97.00 and set a “buy” rating on the stock in a research report on Wednesday, August 7th. Finally, StockNews.com downgraded Trex from a “hold” rating to a “sell” rating in a research report on Wednesday, September 11th. Two analysts have rated the stock with a sell rating, nine have issued a hold rating and six have assigned a buy rating to the company. According to MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $80.88.

Trex Trading Up 3.1 %

Trex stock opened at $66.10 on Monday. The firm has a market capitalization of $7.18 billion, a P/E ratio of 28.37, a PEG ratio of 2.18 and a beta of 1.50. The stock has a fifty day moving average price of $70.38 and a 200 day moving average price of $82.35. Trex Company, Inc. has a 52 week low of $53.59 and a 52 week high of $101.91.

Trex (NYSE:TREX) last released its earnings results on Tuesday, August 6th. The construction company reported $0.80 EPS for the quarter, beating the consensus estimate of $0.78 by $0.02. The firm had revenue of $376.47 million during the quarter, compared to analyst estimates of $387.87 million. Trex had a return on equity of 33.53% and a net margin of 21.07%. The business’s quarterly revenue was up 5.6% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.71 earnings per share. As a group, equities analysts predict that Trex Company, Inc. will post 2.03 EPS for the current 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.