Trex Company, Inc. (NYSE:TREX) Shares Sold by Blue Trust Inc.

Blue Trust Inc. decreased its stake in Trex Company, Inc. (NYSE:TREX) by 58.7% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 730 shares of the construction company’s stock after selling 1,039 shares during the quarter. Blue Trust Inc.’s holdings in Trex were worth $50,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. AustralianSuper Pty Ltd acquired a new position in shares of Trex during the 4th quarter worth about $110,414,000. Wasatch Advisors LP increased its stake in Trex by 33.2% during the 3rd quarter. Wasatch Advisors LP now owns 4,076,408 shares of the construction company’s stock worth $271,407,000 after buying an additional 1,015,516 shares in the last quarter. Jacobs Levy Equity Management Inc. raised its holdings in shares of Trex by 6,093.3% during the third quarter. Jacobs Levy Equity Management Inc. now owns 853,620 shares of the construction company’s stock valued at $56,834,000 after acquiring an additional 839,837 shares during the last quarter. Point72 Asset Management L.P. lifted its position in shares of Trex by 100.0% in the third quarter. Point72 Asset Management L.P. now owns 1,022,459 shares of the construction company’s stock valued at $68,075,000 after acquiring an additional 511,163 shares in the last quarter. Finally, The Manufacturers Life Insurance Company boosted its stake in shares of Trex by 462.4% in the third quarter. The Manufacturers Life Insurance Company now owns 529,146 shares of the construction company’s stock worth $35,231,000 after acquiring an additional 435,055 shares during the last quarter. 95.96% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

TREX has been the topic of a number of research reports. Truist Financial decreased their target price on shares of Trex from $100.00 to $90.00 and set a “buy” rating on the stock in a research note on Tuesday. UBS Group reduced their price objective on Trex from $76.00 to $74.00 and set a “neutral” rating on the stock in a research report on Tuesday. BMO Capital Markets upped their target price on Trex from $67.00 to $72.00 and gave the company a “market perform” rating in a report on Tuesday, October 29th. Jefferies Financial Group cut their target price on Trex from $81.00 to $71.00 and set a “hold” rating for the company in a research note on Tuesday. Finally, Bank of America lowered their price target on shares of Trex from $85.00 to $79.00 and set a “buy” rating on the stock in a research report on Tuesday. One investment analyst has rated the stock with a sell rating, ten have assigned a hold rating and six have given a buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $78.38.

Trex Price Performance

TREX stock opened at $62.33 on Wednesday. The company has a 50-day moving average of $69.54 and a two-hundred day moving average of $68.74. Trex Company, Inc. has a 52-week low of $58.68 and a 52-week high of $101.91. The stock has a market capitalization of $6.68 billion, a price-to-earnings ratio of 28.46, a price-to-earnings-growth ratio of 2.51 and a beta of 1.51.

Trex (NYSE:TREX) last posted its quarterly earnings results on Monday, February 24th. The construction company reported $0.09 earnings per share for the quarter, topping analysts’ consensus estimates of $0.04 by $0.05. Trex had a net margin of 20.23% and a return on equity of 28.89%. The firm had revenue of $167.63 million for the quarter, compared to the consensus estimate of $160.54 million. Equities analysts expect that Trex Company, Inc. will post 2.04 EPS for the current fiscal 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.