Trex Company, Inc. (NYSE:TREX) Shares Acquired by International Assets Investment Management LLC

International Assets Investment Management LLC increased its stake in shares of Trex Company, Inc. (NYSE:TREX) by 7,363.6% during the 3rd quarter, according to its most recent filing with the SEC. The institutional investor owned 2,463 shares of the construction company’s stock after acquiring an additional 2,430 shares during the period. International Assets Investment Management LLC’s holdings in Trex were worth $164,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Texas Permanent School Fund Corp lifted its position in shares of Trex by 1.3% during the first quarter. Texas Permanent School Fund Corp now owns 95,041 shares of the construction company’s stock worth $9,480,000 after purchasing an additional 1,231 shares in the last quarter. Envestnet Portfolio Solutions Inc. lifted its holdings in Trex by 52.5% in the 1st quarter. Envestnet Portfolio Solutions Inc. now owns 18,072 shares of the construction company’s stock worth $1,803,000 after buying an additional 6,219 shares in the last quarter. Hilltop National Bank purchased a new position in Trex in the 1st quarter valued at about $177,000. Lisanti Capital Growth LLC grew its stake in shares of Trex by 63.4% during the first quarter. Lisanti Capital Growth LLC now owns 12,155 shares of the construction company’s stock valued at $1,212,000 after acquiring an additional 4,715 shares in the last quarter. Finally, Avantax Advisory Services Inc. increased its position in shares of Trex by 4.6% during the first quarter. Avantax Advisory Services Inc. now owns 3,950 shares of the construction company’s stock worth $394,000 after acquiring an additional 173 shares during the last quarter. Hedge funds and other institutional investors own 95.96% of the company’s stock.

Trex Price Performance

NYSE:TREX opened at $71.88 on Friday. Trex Company, Inc. has a 12-month low of $58.68 and a 12-month high of $101.91. The business has a 50 day simple moving average of $66.22 and a 200 day simple moving average of $74.92. The firm has a market capitalization of $7.70 billion, a P/E ratio of 32.82, a P/E/G ratio of 3.21 and a beta of 1.49.

Trex (NYSE:TREX) last released its quarterly earnings results on Monday, October 28th. The construction company reported $0.37 EPS for the quarter, topping the consensus estimate of $0.32 by $0.05. Trex had a net margin of 20.23% and a return on equity of 28.89%. The business had revenue of $233.72 million during the quarter, compared to analyst estimates of $225.42 million. During the same quarter in the prior year, the firm earned $0.57 earnings per share. The company’s quarterly revenue was down 23.1% on a year-over-year basis. Research analysts anticipate that Trex Company, Inc. will post 2.05 EPS for the current fiscal year.

Analyst Ratings Changes

TREX has been the subject of a number of analyst reports. BMO Capital Markets increased their price target on Trex from $67.00 to $72.00 and gave the company a “market perform” rating in a report on Tuesday, October 29th. DA Davidson raised their price target on shares of Trex from $70.00 to $74.00 and gave the stock a “neutral” rating in a research report on Tuesday, October 29th. StockNews.com cut shares of Trex from a “hold” rating to a “sell” rating in a report on Tuesday, October 29th. Citigroup decreased their price objective on shares of Trex from $94.00 to $80.00 and set a “neutral” rating for the company in a report on Thursday, July 11th. Finally, Bank of America cut their target price on shares of Trex from $97.00 to $85.00 and set a “buy” rating on the stock in a research note on Wednesday, August 7th. Two research analysts have rated the stock with a sell rating, ten have given a hold rating and six have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $79.94.

Trex 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.