Atria Investments Inc Has $524,000 Stock Position in Trex Company, Inc. (NYSE:TREX)

Atria Investments Inc boosted its stake in shares of Trex Company, Inc. (NYSE:TREX) by 5.3% during the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 7,594 shares of the construction company’s stock after buying an additional 384 shares during the period. Atria Investments Inc’s holdings in Trex were worth $524,000 as of its most recent filing with the SEC.

Other hedge funds have also recently bought and sold shares of the company. L & S Advisors Inc acquired a new stake in Trex during the 3rd quarter worth approximately $1,000,000. Algert Global LLC raised its holdings in shares of Trex by 81.3% in the third 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 during the last quarter. Dynamic Technology Lab Private Ltd raised its holdings in shares of Trex by 237.6% in the third 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 during the last quarter. JPMorgan Chase & Co. raised its holdings in shares of Trex by 97.6% in the third quarter. JPMorgan Chase & Co. now owns 797,513 shares of the construction company’s stock valued at $53,098,000 after purchasing an additional 393,850 shares during the last quarter. Finally, KBC Group NV raised its holdings in shares of Trex by 336.8% in the third quarter. KBC Group NV now owns 50,719 shares of the construction company’s stock valued at $3,377,000 after purchasing an additional 39,108 shares during the last quarter. 95.96% of the stock is currently owned by institutional investors and hedge funds.

Trex Stock Performance

Shares of Trex stock opened at $56.88 on Friday. The firm has a 50-day moving average of $66.26 and a 200-day moving average of $68.15. The stock has a market cap of $6.10 billion, a PE ratio of 25.97, a PEG ratio of 2.51 and a beta of 1.60. Trex Company, Inc. has a 52-week low of $52.75 and a 52-week high of $100.77.

Trex (NYSE:TREX) last announced its earnings results on Monday, February 24th. The construction company reported $0.09 earnings per share (EPS) for the quarter, beating 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 company had revenue of $167.63 million during the quarter, compared to analysts’ expectations of $160.54 million. Equities research analysts predict that Trex Company, Inc. will post 2.04 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of research firms have recently issued reports on TREX. JPMorgan Chase & Co. lowered their price objective on shares of Trex from $79.00 to $73.00 and set a “neutral” rating on the stock in a report on Wednesday, March 5th. DA Davidson restated a “neutral” rating and set a $74.00 target price on shares of Trex in a report on Tuesday, February 25th. UBS Group lowered their target price on shares of Trex from $76.00 to $74.00 and set a “neutral” rating on the stock in a report on Tuesday, February 25th. Jefferies Financial Group lowered their target price on shares of Trex from $81.00 to $71.00 and set a “hold” rating on the stock in a report on Tuesday, February 25th. Finally, Benchmark restated a “buy” rating and set a $80.00 target price on shares of Trex in a report on Monday, March 3rd. Two equities research analysts have rated the stock with a sell rating, nine have issued a hold rating and six have given a buy rating to the company’s stock. According to data from MarketBeat, Trex currently has a consensus rating of “Hold” and an average target price of $78.63.

Insider Buying and Selling

In other Trex news, Director Melkeya Mcduffie sold 1,420 shares of the business’s stock in a transaction dated Friday, February 28th. The stock was sold at an average price of $61.88, for a total transaction of $87,869.60. Following the completion of the transaction, the director now owns 1,705 shares of the company’s stock, valued at approximately $105,505.40. The trade was a 45.44 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.71% of the stock is currently owned by company insiders.

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.