Larson Financial Group LLC Acquires 746 Shares of Trex Company, Inc. (NYSE:TREX)

Larson Financial Group LLC lifted its holdings in shares of Trex Company, Inc. (NYSE:TREX) by 109.4% during the 4th quarter, Holdings Channel.com reports. The firm owned 1,428 shares of the construction company’s stock after buying an additional 746 shares during the quarter. Larson Financial Group LLC’s holdings in Trex were worth $118,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in the company. Redwood Investments LLC bought a new stake in Trex during the 4th quarter valued at about $2,271,000. WCM Investment Management LLC lifted its holdings in Trex by 9.4% during the fourth quarter. WCM Investment Management LLC now owns 251,159 shares of the construction company’s stock valued at $21,027,000 after purchasing an additional 21,486 shares in the last quarter. Jacobs Levy Equity Management Inc. purchased a new position in shares of Trex in the third quarter worth $4,053,000. Quantbot Technologies LP lifted its holdings in shares of Trex by 81.8% in the third quarter. Quantbot Technologies LP now owns 63,876 shares of the construction company’s stock worth $3,937,000 after buying an additional 28,746 shares in the last quarter. Finally, Trexquant Investment LP purchased a new position in shares of Trex in the third quarter worth $6,326,000. Hedge funds and other institutional investors own 95.96% of the company’s stock.

Trex Stock Performance

TREX stock opened at $89.41 on Friday. Trex Company, Inc. has a one year low of $51.03 and a one year high of $101.91. The firm has a market cap of $9.71 billion, a price-to-earnings ratio of 47.31, a PEG ratio of 2.00 and a beta of 1.60. The firm has a 50-day simple moving average of $94.07 and a two-hundred day simple moving average of $80.28.

Trex (NYSE:TREX) last posted its quarterly earnings data on Monday, February 26th. The construction company reported $0.20 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.19 by $0.01. Trex had a net margin of 18.76% and a return on equity of 31.26%. The firm had revenue of $195.75 million for the quarter, compared to the consensus estimate of $193.40 million. During the same quarter in the prior year, the company posted $0.23 earnings per share. The company’s revenue for the quarter was up 1.9% compared to the same quarter last year. As a group, equities analysts predict that Trex Company, Inc. will post 2.22 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on the stock. Robert W. Baird boosted their price target on shares of Trex from $105.00 to $110.00 and gave the stock a “neutral” rating in a research report on Monday, April 8th. DA Davidson boosted their price target on shares of Trex from $80.00 to $87.00 and gave the stock a “neutral” rating in a research report on Tuesday, February 27th. Barclays boosted their price objective on shares of Trex from $86.00 to $93.00 and gave the company an “underweight” rating in a research report on Thursday, April 4th. The Goldman Sachs Group boosted their price objective on shares of Trex from $89.00 to $108.00 and gave the company a “buy” rating in a research report on Wednesday, February 28th. Finally, Stifel Nicolaus boosted their price objective on shares of Trex from $90.00 to $107.00 and gave the company a “buy” rating in a research report on Tuesday, February 27th. Two analysts have rated the stock with a sell rating, nine have assigned a hold rating and eight have given a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $88.72.

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.