J.W. Cole Advisors Inc. Invests $231,000 in Trex Company, Inc. (NYSE:TREX)

J.W. Cole Advisors Inc. bought a new position in shares of Trex Company, Inc. (NYSE:TREX) in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 3,113 shares of the construction company’s stock, valued at approximately $231,000.

A number of other hedge funds and other institutional investors also recently modified their holdings of TREX. V Square Quantitative Management LLC acquired a new stake in shares of Trex during the fourth quarter worth $25,000. Mather Group LLC. acquired a new stake in shares of Trex during the first quarter worth $26,000. Hantz Financial Services Inc. acquired a new position in Trex in the second quarter valued at about $31,000. Sunbelt Securities Inc. raised its stake in 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 purchasing an additional 314 shares in the last quarter. Finally, Rise Advisors LLC raised its stake in Trex by 305.0% in the first quarter. Rise Advisors LLC now owns 405 shares of the construction company’s stock valued at $40,000 after purchasing an additional 305 shares in the last quarter. Institutional investors and hedge funds own 95.96% of the company’s stock.

Trex Price Performance

Trex stock opened at $68.00 on Thursday. The stock’s 50 day moving average is $70.04 and its 200 day moving average is $81.82. The firm has a market cap of $7.39 billion, a P/E ratio of 29.18, a P/E/G ratio of 2.25 and a beta of 1.50. Trex Company, Inc. has a one year low of $53.59 and a one year high of $101.91.

Trex (NYSE:TREX) last posted its quarterly earnings data on Tuesday, August 6th. The construction company reported $0.80 EPS for the quarter, topping analysts’ consensus estimates of $0.78 by $0.02. The company had revenue of $376.47 million for 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 firm’s quarterly revenue was up 5.6% on a year-over-year basis. During the same period in the previous year, the firm earned $0.71 earnings per share. Equities analysts anticipate that Trex Company, Inc. will post 2.03 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of research firms recently commented on TREX. Barclays dropped their price target on Trex from $94.00 to $81.00 and set an “underweight” rating for the company in a research note on Friday, July 12th. Benchmark dropped their price target on Trex from $105.00 to $80.00 and set a “buy” rating for the company in a research note on Thursday, August 8th. DA Davidson dropped their price target on Trex from $89.00 to $80.00 and set a “neutral” rating for the company in a research note on Wednesday, July 3rd. B. Riley dropped their price target on Trex from $107.00 to $97.00 and set a “buy” rating for the company in a research note on Wednesday, August 7th. Finally, JPMorgan Chase & Co. decreased their target price on Trex from $95.00 to $69.00 and set a “neutral” rating on the stock in a research report on Monday, August 12th. One investment analyst has rated the stock with a sell rating, ten have assigned a hold rating and six have assigned a buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $80.88.

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.