Trex Company, Inc. (NYSE:TREX) Shares Purchased by Inspire Investing LLC

Inspire Investing LLC increased its holdings in Trex Company, Inc. (NYSE:TREX) by 32.1% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 4,748 shares of the construction company’s stock after buying an additional 1,153 shares during the quarter. Inspire Investing LLC’s holdings in Trex were worth $352,000 at the end of the most recent reporting period.

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

Analyst Ratings Changes

A number of research analysts have weighed in on the stock. Stephens downgraded shares of Trex from an “overweight” rating to an “equal weight” rating and decreased their price objective for the stock from $115.00 to $72.00 in a research report on Wednesday, August 7th. Barclays lowered their price target on Trex from $94.00 to $81.00 and set an “underweight” rating on the stock in a research report on Friday, July 12th. Bank of America reduced their target price on Trex from $97.00 to $85.00 and set a “buy” rating for the company in a research note on Wednesday, August 7th. The Goldman Sachs Group dropped their price target on shares of Trex from $114.00 to $93.00 and set a “buy” rating on the stock in a research note on Wednesday, July 10th. Finally, Truist Financial cut their price target on shares of Trex from $120.00 to $100.00 and set a “buy” rating for the company in a report on Wednesday, August 7th. One investment analyst has rated the stock with a sell rating, ten have given a hold rating and six have assigned a buy rating to the company. According to MarketBeat.com, Trex currently has an average rating of “Hold” and a consensus price target of $80.88.

Trex Stock Performance

Shares of Trex stock opened at $69.66 on Tuesday. The business’s 50 day moving average price is $69.42 and its 200 day moving average price is $81.19. The company has a market cap of $7.57 billion, a price-to-earnings ratio of 29.90, a PEG 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 announced its quarterly earnings results on Tuesday, August 6th. The construction company reported $0.80 earnings per share for the quarter, beating the consensus estimate of $0.78 by $0.02. Trex had a net margin of 21.07% and a return on equity of 33.53%. The firm had revenue of $376.47 million for the quarter, compared to analysts’ expectations of $387.87 million. During the same quarter in the previous year, the company posted $0.71 EPS. The company’s revenue was up 5.6% compared to the same quarter last year. On average, analysts predict that Trex Company, Inc. will post 2.03 EPS for the current fiscal year.

Trex Company 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.