Sapient Capital LLC Makes New $501,000 Investment in Trex Company, Inc. (NYSE:TREX)

Sapient Capital LLC purchased a new position in Trex Company, Inc. (NYSE:TREX) during the 3rd quarter, according to its most recent disclosure with the SEC. The fund purchased 7,520 shares of the construction company’s stock, valued at approximately $501,000.

Other institutional investors also recently added to or reduced their stakes in the company. Mather Group LLC. bought a new position in Trex in the 1st quarter worth approximately $26,000. V Square Quantitative Management LLC bought a new stake in shares of Trex during the fourth quarter valued at approximately $25,000. Sunbelt Securities Inc. increased its position in shares of Trex by 1,744.4% during the first quarter. Sunbelt Securities Inc. now owns 332 shares of the construction company’s stock valued at $33,000 after purchasing an additional 314 shares during the period. Rise Advisors LLC increased its position in shares of Trex by 305.0% during the first quarter. Rise Advisors LLC now owns 405 shares of the construction company’s stock valued at $40,000 after purchasing an additional 305 shares during the period. Finally, Hantz Financial Services Inc. bought a new stake in shares of Trex during the second quarter valued at approximately $31,000. 95.96% of the stock is owned by institutional investors.

Trex Trading Up 1.4 %

TREX stock opened at $65.39 on Tuesday. Trex Company, Inc. has a 1-year low of $53.59 and a 1-year high of $101.91. The firm has a market cap of $7.11 billion, a PE ratio of 27.02, a price-to-earnings-growth ratio of 2.15 and a beta of 1.50. The stock has a 50-day moving average price of $64.98 and a 200-day moving average price of $77.94.

Trex (NYSE:TREX) last posted its quarterly earnings data on Tuesday, August 6th. The construction company reported $0.80 EPS for the quarter, beating the consensus estimate of $0.78 by $0.02. Trex had a return on equity of 33.53% and a net margin of 21.07%. The business had revenue of $376.47 million for the quarter, compared to the consensus estimate of $387.87 million. During the same quarter in the prior year, the business earned $0.71 earnings per share. Trex’s revenue for the quarter was up 5.6% on a year-over-year basis. On average, analysts forecast that Trex Company, Inc. will post 2.04 earnings per share for the current year.

Wall Street Analyst Weigh In

Several analysts recently commented on the company. Stifel Nicolaus decreased their price target on Trex from $110.00 to $85.00 and set a “buy” rating on the stock in a research note on Wednesday, August 7th. Loop Capital lowered Trex from a “buy” rating to a “hold” rating and reduced their price objective for the stock from $95.00 to $75.00 in a research note on Wednesday, August 7th. The Goldman Sachs Group dropped their target price on Trex from $114.00 to $93.00 and set a “buy” rating for the company in a research report on Wednesday, July 10th. Jefferies Financial Group dropped their target price on Trex from $77.00 to $73.00 and set a “hold” rating for the company in a research report on Wednesday, October 9th. Finally, Barclays dropped their target price on Trex from $94.00 to $81.00 and set an “underweight” rating for the company in a research report on Friday, July 12th. One investment analyst has rated the stock with a sell rating, eleven have issued a hold rating and six have issued a buy rating to the stock. According to MarketBeat.com, Trex currently has a consensus rating of “Hold” and a consensus price target of $81.31.

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.