Atria Investments Inc Boosts Holdings in Trex Company, Inc. (NYSE:TREX)

Atria Investments Inc lifted its stake in shares of Trex Company, Inc. (NYSE:TREX) by 10.5% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 7,210 shares of the construction company’s stock after acquiring an additional 683 shares during the period. Atria Investments Inc’s holdings in Trex were worth $480,000 as of its most recent SEC filing.

Other hedge funds have also modified their holdings of the company. Harrington Investments INC raised its holdings in shares of Trex by 1.4% in the 2nd quarter. Harrington Investments INC now owns 9,807 shares of the construction company’s stock worth $727,000 after purchasing an additional 140 shares during the period. First Citizens Bank & Trust Co. grew its stake in Trex by 2.6% during the second quarter. First Citizens Bank & Trust Co. now owns 7,055 shares of the construction company’s stock worth $523,000 after buying an additional 176 shares during the period. Values First Advisors Inc. increased its position in shares of Trex by 3.6% in the second quarter. Values First Advisors Inc. now owns 6,700 shares of the construction company’s stock worth $497,000 after acquiring an additional 230 shares in the last quarter. ABLE Financial Group LLC raised its stake in shares of Trex by 3.6% in the 2nd quarter. ABLE Financial Group LLC now owns 6,998 shares of the construction company’s stock valued at $519,000 after acquiring an additional 240 shares during the period. Finally, CWM LLC lifted its holdings in shares of Trex by 7.8% during the 2nd quarter. CWM LLC now owns 3,356 shares of the construction company’s stock valued at $249,000 after acquiring an additional 242 shares in the last quarter. 95.96% of the stock is owned by institutional investors and hedge funds.

Trex Price Performance

Shares of TREX opened at $68.88 on Thursday. Trex Company, Inc. has a 12-month low of $58.68 and a 12-month high of $101.91. The business’s fifty day moving average price is $67.69 and its 200 day moving average price is $73.61. The stock has a market capitalization of $7.38 billion, a PE ratio of 31.45, a price-to-earnings-growth ratio of 3.10 and a beta of 1.49.

Trex (NYSE:TREX) last posted its quarterly earnings results on Monday, October 28th. The construction company reported $0.37 EPS for the quarter, beating 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 period in the previous year, the business posted $0.57 EPS. The company’s quarterly revenue was down 23.1% on a year-over-year basis. As a group, research analysts anticipate that Trex Company, Inc. will post 2.05 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several research firms have commented on TREX. Barclays cut their price objective on Trex from $68.00 to $67.00 and set an “underweight” rating on the stock in a research report on Tuesday, October 29th. JPMorgan Chase & Co. reduced their price target on Trex from $95.00 to $69.00 and set a “neutral” rating on the stock in a research report on Monday, August 12th. Robert W. Baird increased their price objective on shares of Trex from $70.00 to $78.00 and gave the company a “neutral” rating in a research report on Tuesday, October 29th. Jefferies Financial Group reduced their target price on shares of Trex from $77.00 to $73.00 and set a “hold” rating on the stock in a research report on Wednesday, October 9th. Finally, DA Davidson raised their price target on shares of Trex from $70.00 to $74.00 and gave the company a “neutral” rating in a report on Tuesday, October 29th. Two equities research analysts have rated the stock with a sell rating, ten have given a hold rating and six have assigned a buy rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $79.94.

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.