Trex Company, Inc. (NYSE:TREX) Shares Purchased by Vanguard Personalized Indexing Management LLC

Vanguard Personalized Indexing Management LLC raised its position in Trex Company, Inc. (NYSE:TREX) by 23.9% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 13,132 shares of the construction company’s stock after purchasing an additional 2,530 shares during the quarter. Vanguard Personalized Indexing Management LLC’s holdings in Trex were worth $973,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently bought and sold shares of the company. D.A. Davidson & CO. lifted its stake in shares of Trex by 19.2% in the 4th quarter. D.A. Davidson & CO. now owns 7,504 shares of the construction company’s stock valued at $621,000 after purchasing an additional 1,210 shares during the last quarter. Franklin Resources Inc. acquired a new position in Trex in the fourth quarter valued at about $1,563,000. EverSource Wealth Advisors LLC boosted its stake in Trex by 16.8% during the fourth quarter. EverSource Wealth Advisors LLC now owns 863 shares of the construction company’s stock worth $71,000 after buying an additional 124 shares during the period. Ontario Teachers Pension Plan Board acquired a new stake in shares of Trex during the fourth quarter valued at about $217,000. Finally, US Bancorp DE raised its stake in shares of Trex by 16.0% in the 4th quarter. US Bancorp DE now owns 13,433 shares of the construction company’s stock valued at $1,112,000 after acquiring an additional 1,851 shares during the period. 95.96% of the stock is currently owned by institutional investors and hedge funds.

Trex Trading Up 0.7 %

Shares of TREX opened at $69.66 on Tuesday. The firm has a market capitalization of $7.57 billion, a price-to-earnings ratio of 29.90, a PEG ratio of 2.25 and a beta of 1.50. The firm’s fifty day simple moving average is $69.42 and its 200-day simple moving average is $81.19. Trex Company, Inc. has a twelve month low of $53.59 and a twelve month 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 (EPS) for the quarter, topping analysts’ consensus estimates of $0.78 by $0.02. Trex had a return on equity of 33.53% and a net margin of 21.07%. The company had revenue of $376.47 million during the quarter, compared to the consensus estimate of $387.87 million. During the same period in the previous year, the business earned $0.71 EPS. Trex’s revenue for the quarter was up 5.6% on a year-over-year basis. On average, analysts predict that Trex Company, Inc. will post 2.03 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

TREX has been the subject of several research reports. Truist Financial dropped their target price 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. Citigroup cut their price objective on Trex from $94.00 to $80.00 and set a “neutral” rating on the stock in a report on Thursday, July 11th. Barclays lowered their target price on Trex from $94.00 to $81.00 and set an “underweight” rating for the company in a report on Friday, July 12th. Benchmark cut their price target on shares of Trex from $105.00 to $80.00 and set a “buy” rating on the stock in a research note on Thursday, August 8th. Finally, Bank of America reduced their price target on shares of Trex from $97.00 to $85.00 and set a “buy” rating on the stock in a research report on Wednesday, August 7th. One analyst has rated the stock with a sell rating, ten have issued a hold rating and six have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $80.88.

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.