Mutual of America Capital Management LLC Decreases Stock Position in Trex Company, Inc. (NYSE:TREX)

Mutual of America Capital Management LLC lessened its position in shares of Trex Company, Inc. (NYSE:TREX) by 3.2% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 74,438 shares of the construction company’s stock after selling 2,473 shares during the period. Mutual of America Capital Management LLC owned 0.07% of Trex worth $5,517,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in TREX. Eagle Asset Management Inc. lifted its holdings in Trex by 0.3% during the fourth quarter. Eagle Asset Management Inc. now owns 46,660 shares of the construction company’s stock valued at $3,863,000 after purchasing an additional 119 shares during the last quarter. Covestor Ltd lifted its stake in shares of Trex by 11.3% during the 1st quarter. Covestor Ltd now owns 1,213 shares of the construction company’s stock valued at $121,000 after buying an additional 123 shares in the last quarter. EverSource Wealth Advisors LLC boosted its holdings in Trex by 16.8% in the 4th quarter. EverSource Wealth Advisors LLC now owns 863 shares of the construction company’s stock worth $71,000 after buying an additional 124 shares during the period. Harrington Investments INC grew its stake in Trex by 1.4% in the 2nd quarter. Harrington Investments INC now owns 9,807 shares of the construction company’s stock valued at $727,000 after buying an additional 140 shares in the last quarter. Finally, Avantax Advisory Services Inc. raised its holdings in Trex by 4.6% during the 1st quarter. Avantax Advisory Services Inc. now owns 3,950 shares of the construction company’s stock valued at $394,000 after acquiring an additional 173 shares during the period. Institutional investors own 95.96% of the company’s stock.

Trex Stock Performance

TREX stock opened at $69.15 on Friday. The firm has a market cap of $7.52 billion, a P/E ratio of 29.68, a P/E/G ratio of 2.25 and a beta of 1.50. The firm’s fifty day moving average is $69.65 and its 200 day moving average is $81.56. Trex Company, Inc. has a 52 week low of $53.59 and a 52 week high of $101.91.

Trex (NYSE:TREX) last released its quarterly earnings data on Tuesday, August 6th. The construction company reported $0.80 EPS for the quarter, topping the consensus estimate of $0.78 by $0.02. The firm had revenue of $376.47 million for the quarter, compared to the consensus estimate of $387.87 million. Trex had a return on equity of 33.53% and a net margin of 21.07%. The company’s quarterly revenue was up 5.6% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.71 earnings per share. As a group, analysts forecast that Trex Company, Inc. will post 2.03 EPS for the current year.

Analysts Set New Price Targets

TREX has been the subject of several recent research reports. The Goldman Sachs Group reduced their price target on Trex from $114.00 to $93.00 and set a “buy” rating for the company in a research report on Wednesday, July 10th. JPMorgan Chase & Co. lowered their price target on shares of Trex from $95.00 to $69.00 and set a “neutral” rating on the stock in a report on Monday, August 12th. StockNews.com raised shares of Trex from a “sell” rating to a “hold” rating in a research note on Thursday. Loop Capital lowered shares of Trex from a “buy” rating to a “hold” rating and decreased their target price for the stock from $95.00 to $75.00 in a report on Wednesday, August 7th. Finally, DA Davidson cut their price target on shares of Trex from $89.00 to $80.00 and set a “neutral” rating for the company in a report on Wednesday, July 3rd. One investment analyst has rated the stock with a sell rating, ten have given a hold rating and six have issued a buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $80.88.

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.