Trex Company, Inc. (NYSE:TREX) Shares Sold by Transatlantique Private Wealth LLC

Transatlantique Private Wealth LLC reduced its stake in Trex Company, Inc. (NYSE:TREX) by 12.6% in the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 5,884 shares of the construction company’s stock after selling 850 shares during the period. Transatlantique Private Wealth LLC’s holdings in Trex were worth $421,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Mather Group LLC. bought a new stake in shares of Trex in the 1st quarter worth approximately $26,000. V Square Quantitative Management LLC bought a new stake in Trex in the fourth quarter valued at $25,000. Sunbelt Securities Inc. boosted its holdings in shares of Trex by 1,744.4% during the first quarter. Sunbelt Securities Inc. now owns 332 shares of the construction company’s stock valued at $33,000 after acquiring an additional 314 shares during the period. Rise Advisors LLC grew its position in shares of 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 acquiring an additional 305 shares during the last quarter. Finally, Hantz Financial Services Inc. acquired a new stake in shares of Trex in the 2nd quarter worth about $31,000. 95.96% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on the stock. Barclays reduced their target price on shares of Trex from $94.00 to $81.00 and set an “underweight” rating for the company in a research note on Friday, July 12th. BMO Capital Markets decreased their price objective on Trex from $88.00 to $82.00 and set a “market perform” rating for the company in a report on Thursday, August 8th. DA Davidson cut their target price on Trex from $89.00 to $80.00 and set a “neutral” rating on the stock in a research note on Wednesday, July 3rd. The Goldman Sachs Group decreased their price target on Trex from $114.00 to $93.00 and set a “buy” rating for the company in a research note on Wednesday, July 10th. Finally, JPMorgan Chase & Co. lowered their price target on Trex from $95.00 to $69.00 and set a “neutral” rating on the stock in a report on Monday, August 12th. One research analyst has rated the stock with a sell rating, ten have given a hold rating and six have issued a buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $80.88.

Trex Stock Down 2.9 %

Shares of Trex stock opened at $69.15 on Friday. Trex Company, Inc. has a 12-month low of $53.59 and a 12-month high of $101.91. The firm has a market capitalization of $7.52 billion, a PE ratio of 29.68, a price-to-earnings-growth ratio of 2.25 and a beta of 1.50. The stock’s fifty day moving average is $69.65 and its 200-day moving average is $81.56.

Trex (NYSE:TREX) last posted its quarterly earnings data on Tuesday, August 6th. The construction company reported $0.80 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.78 by $0.02. The firm had revenue of $376.47 million for the quarter, compared to the consensus estimate of $387.87 million. Trex had a return on equity of 33.53% and a net margin of 21.07%. The business’s revenue for the quarter was up 5.6% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.71 EPS. Analysts expect that Trex Company, Inc. will post 2.03 EPS for the current year.

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.