Atomi Financial Group Inc. Makes New $247,000 Investment in Trex Company, Inc. (NYSE:TREX)

Atomi Financial Group Inc. bought a new position in shares of Trex Company, Inc. (NYSE:TREX) during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm bought 3,584 shares of the construction company’s stock, valued at approximately $247,000.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. L & S Advisors Inc bought a new position in Trex during the third quarter worth about $1,000,000. Algert Global LLC lifted its holdings in shares of Trex by 81.3% during the 3rd quarter. Algert Global LLC now owns 86,300 shares of the construction company’s stock valued at $5,746,000 after purchasing an additional 38,700 shares in the last quarter. Curi RMB Capital LLC lifted its holdings in shares of Trex by 27.2% during the 3rd quarter. Curi RMB Capital LLC now owns 68,149 shares of the construction company’s stock valued at $4,537,000 after purchasing an additional 14,558 shares in the last quarter. Dynamic Technology Lab Private Ltd lifted its holdings in shares of Trex by 237.6% during the 3rd quarter. Dynamic Technology Lab Private Ltd now owns 53,084 shares of the construction company’s stock valued at $3,534,000 after purchasing an additional 37,362 shares in the last quarter. Finally, Bank of Montreal Can lifted its holdings in shares of Trex by 147.5% during the 2nd quarter. Bank of Montreal Can now owns 36,671 shares of the construction company’s stock valued at $2,718,000 after purchasing an additional 21,852 shares in the last quarter. Institutional investors own 95.96% of the company’s stock.

Trex Stock Down 0.9 %

NYSE:TREX opened at $73.77 on Monday. The firm has a market capitalization of $7.90 billion, a price-to-earnings ratio of 33.69, a price-to-earnings-growth ratio of 3.06 and a beta of 1.50. Trex Company, Inc. has a twelve month low of $58.68 and a twelve month high of $101.91. The stock’s 50 day moving average price is $72.20 and its two-hundred day moving average price is $70.14.

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

Analyst Ratings Changes

Several equities analysts have recently weighed in on the company. BMO Capital Markets lifted their price objective on Trex from $67.00 to $72.00 and gave the company a “market perform” rating in a report on Tuesday, October 29th. Robert W. Baird boosted their target price on Trex from $70.00 to $78.00 and gave the company a “neutral” rating in a research note on Tuesday, October 29th. Barclays cut their target price on Trex from $68.00 to $67.00 and set an “underweight” rating on the stock in a research note on Tuesday, October 29th. Citigroup cut their target price on Trex from $84.00 to $78.00 and set a “neutral” rating on the stock in a research note on Monday, January 6th. Finally, DA Davidson boosted their target price on Trex from $70.00 to $74.00 and gave the company a “neutral” rating in a research note on Tuesday, October 29th. Two equities research analysts have rated the stock with a sell rating, nine have assigned a hold rating and six have issued a buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $79.81.

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.