Trillium Asset Management LLC Raises Position in Trex Company, Inc. (NYSE:TREX)

Trillium Asset Management LLC lifted its stake in Trex Company, Inc. (NYSE:TREX) by 28.5% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 207,468 shares of the construction company’s stock after buying an additional 46,043 shares during the period. Trillium Asset Management LLC owned approximately 0.19% of Trex worth $14,322,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently modified their holdings of the stock. Wasatch Advisors LP boosted its position in shares of Trex by 33.2% in the third 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 during the period. State Street Corp boosted its position in shares of Trex by 1.2% in the third quarter. State Street Corp now owns 3,183,444 shares of the construction company’s stock worth $211,954,000 after buying an additional 37,436 shares during the period. Conestoga Capital Advisors LLC boosted its position in shares of Trex by 0.9% in the fourth quarter. Conestoga Capital Advisors LLC now owns 1,967,748 shares of the construction company’s stock worth $135,834,000 after buying an additional 17,405 shares during the period. Geode Capital Management LLC boosted its position in shares of Trex by 1.9% in the third quarter. Geode Capital Management LLC now owns 1,873,455 shares of the construction company’s stock worth $124,766,000 after buying an additional 35,039 shares during the period. Finally, AustralianSuper Pty Ltd purchased a new stake in shares of Trex in the fourth quarter worth about $110,414,000. Hedge funds and other institutional investors own 95.96% of the company’s stock.

Insider Transactions at Trex

In other news, Director Melkeya Mcduffie sold 1,420 shares of the stock in a transaction that occurred on Friday, February 28th. The stock was sold at an average price of $61.88, for a total transaction of $87,869.60. Following the sale, the director now directly owns 1,705 shares in the company, valued at approximately $105,505.40. This represents a 45.44 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 0.71% of the company’s stock.

Analysts Set New Price Targets

Several research analysts recently commented on the company. StockNews.com cut Trex from a “hold” rating to a “sell” rating in a research note on Wednesday, March 5th. JPMorgan Chase & Co. cut their price target on Trex from $79.00 to $73.00 and set a “neutral” rating on the stock in a research note on Wednesday, March 5th. DA Davidson reiterated a “neutral” rating and issued a $74.00 price target on shares of Trex in a research note on Tuesday, February 25th. Benchmark reiterated a “buy” rating and issued a $80.00 price target on shares of Trex in a research note on Monday, March 3rd. Finally, UBS Group cut their price target on Trex from $76.00 to $74.00 and set a “neutral” rating on the stock in a research note on Tuesday, February 25th. Two analysts have rated the stock with a sell rating, nine have given a hold rating and six have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $78.63.

Trex Trading Up 0.8 %

Shares of Trex stock opened at $58.07 on Wednesday. The business’s 50 day simple moving average is $65.84 and its 200-day simple moving average is $68.10. The stock has a market capitalization of $6.22 billion, a price-to-earnings ratio of 26.52, a PEG ratio of 2.51 and a beta of 1.60. Trex Company, Inc. has a twelve month low of $52.75 and a twelve month high of $100.77.

Trex (NYSE:TREX) last announced 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. The business had revenue of $167.63 million for the quarter, compared to analysts’ expectations of $160.54 million. Trex had a return on equity of 28.89% and a net margin of 20.23%. Sell-side analysts predict that Trex Company, Inc. will post 2.04 earnings per share for the current year.

About Trex

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.