54,720 Shares in Trex Company, Inc. $TREX Bought by First Nebraska Trust Co

First Nebraska Trust Co purchased a new position in shares of Trex Company, Inc. (NYSE:TREX) during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 54,720 shares of the construction company’s stock, valued at approximately $1,993,000.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Essential Partners LLC increased its stake in shares of Trex by 24.6% during the 1st quarter. Essential Partners LLC now owns 3,383 shares of the construction company’s stock worth $123,000 after purchasing an additional 669 shares during the last quarter. EverSource Wealth Advisors LLC lifted its stake in Trex by 43.6% in the 1st quarter. EverSource Wealth Advisors LLC now owns 5,865 shares of the construction company’s stock valued at $214,000 after purchasing an additional 1,781 shares during the last quarter. California State Teachers Retirement System grew its holdings in Trex by 26.6% during the first quarter. California State Teachers Retirement System now owns 129,321 shares of the construction company’s stock worth $4,710,000 after purchasing an additional 27,189 shares during the period. Gabelli Funds LLC grew its holdings in Trex by 73.6% during the first quarter. Gabelli Funds LLC now owns 86,805 shares of the construction company’s stock worth $3,161,000 after purchasing an additional 36,805 shares during the period. Finally, Gamco Investors INC. ET AL increased its position in Trex by 1.0% during the first quarter. Gamco Investors INC. ET AL now owns 145,965 shares of the construction company’s stock worth $5,316,000 after buying an additional 1,475 shares during the last quarter. Institutional investors own 95.96% of the company’s stock.

Analysts Set New Price Targets

Several analysts have issued reports on TREX shares. Zelman & Associates upgraded Trex from a “neutral” rating to an “outperform” rating and set a $50.00 price objective on the stock in a research note on Monday, May 18th. Truist Financial boosted their target price on Trex from $55.00 to $60.00 and gave the stock a “buy” rating in a report on Tuesday, July 14th. Citigroup restated a “neutral” rating and issued a $52.00 price target (up from $43.00) on shares of Trex in a research note on Wednesday, July 15th. DA Davidson reaffirmed a “buy” rating and set a $55.00 price target on shares of Trex in a report on Tuesday, July 14th. Finally, Zacks Research upgraded shares of Trex from a “hold” rating to a “strong-buy” rating in a report on Wednesday, July 15th. One equities research analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating, nine have assigned a Hold rating and two have assigned a Sell rating to the company. According to MarketBeat.com, Trex presently has an average rating of “Hold” and a consensus target price of $49.15.

Insider Transactions at Trex

In other Trex news, SVP Jacob T. Rudolph sold 1,400 shares of the business’s stock in a transaction dated Thursday, June 25th. The shares were sold at an average price of $50.00, for a total value of $70,000.00. Following the completion of the sale, the senior vice president owned 36,631 shares of the company’s stock, valued at $1,831,550. The trade was a 3.68% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.93% of the stock is owned by corporate insiders.

Trex Trading Down 1.1%

Shares of NYSE TREX opened at $43.45 on Friday. The firm has a market cap of $4.51 billion, a P/E ratio of 24.27, a price-to-earnings-growth ratio of 4.98 and a beta of 1.46. The business’s 50 day moving average is $44.82 and its 200-day moving average is $41.76. Trex Company, Inc. has a 1-year low of $29.77 and a 1-year high of $66.36.

Trex (NYSE:TREX) last issued its quarterly earnings data on Thursday, May 7th. The construction company reported $0.59 EPS for the quarter, beating analysts’ consensus estimates of $0.51 by $0.08. Trex had a return on equity of 19.66% and a net margin of 16.25%.The firm had revenue of $343.40 million for the quarter, compared to analyst estimates of $339.99 million. During the same period in the prior year, the firm posted $0.60 EPS. The company’s revenue for the quarter was up 1.0% on a year-over-year basis. Analysts forecast that Trex Company, Inc. will post 1.78 EPS for the current year.

Trex Company Profile

Trex Company, Inc is a leading manufacturer of wood-alternative decking and railing systems designed for residential and commercial outdoor living environments. The company’s core offerings feature composite decking products made from a proprietary blend of recycled wood fibers and plastic film, which deliver enhanced durability, resistance to rot and insect damage, and low maintenance compared to traditional wood. Trex also provides matching railing, lighting, fencing and cladding solutions that allow customers to create cohesive, high-performance outdoor spaces.

Trex’s product portfolio is organized into multiple performance tiers, including premium, mid-range and value-oriented lines.