Cim LLC Has $1.16 Million Stock Position in Trex Company, Inc. (NYSE:TREX)

Cim LLC lifted its stake in shares of Trex Company, Inc. (NYSE:TREX) by 3.7% in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 15,666 shares of the construction company’s stock after buying an additional 563 shares during the period. Cim LLC’s holdings in Trex were worth $1,161,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. Mather Group LLC. acquired a new position in shares of Trex in the first quarter worth approximately $26,000. V Square Quantitative Management LLC bought a new position in Trex during the fourth quarter worth $25,000. Sunbelt Securities Inc. grew its holdings in Trex by 1,744.4% in the first quarter. Sunbelt Securities Inc. now owns 332 shares of the construction company’s stock worth $33,000 after purchasing an additional 314 shares during the period. Rise Advisors LLC increased 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. Finally, Hantz Financial Services Inc. acquired a new position in Trex during the 2nd quarter worth approximately $31,000. 95.96% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of research firms recently weighed in on TREX. Truist Financial lowered their target price on shares of Trex from $120.00 to $100.00 and set a “buy” rating on the stock in a report on Wednesday, August 7th. Robert W. Baird cut their price objective on Trex from $88.00 to $70.00 and set a “neutral” rating on the stock in a research report on Wednesday, August 7th. 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 report on Thursday, August 8th. Loop Capital lowered Trex from a “buy” rating to a “hold” rating and reduced their price objective for the company from $95.00 to $75.00 in a report on Wednesday, August 7th. Finally, Stifel Nicolaus decreased their price objective on Trex from $110.00 to $85.00 and set a “buy” rating for the company in a report on Wednesday, August 7th. One equities research analyst has rated the stock with a sell rating, ten have assigned a hold rating and six have given a buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $80.88.

Trex Trading Up 1.8 %

Shares of NYSE TREX opened at $67.75 on Wednesday. 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 $7.37 billion, a price-to-earnings ratio of 29.08, a PEG ratio of 2.31 and a beta of 1.50. The business has a 50-day moving average of $67.88 and a 200-day moving average of $80.22.

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