Trex Company, Inc. (NYSE:TREX) Shares Sold by Peloton Wealth Strategists

Peloton Wealth Strategists lowered its stake in shares of Trex Company, Inc. (NYSE:TREXFree Report) by 0.9% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 39,005 shares of the construction company’s stock after selling 360 shares during the quarter. Peloton Wealth Strategists’ holdings in Trex were worth $3,229,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of TREX. Eagle Asset Management Inc. grew its position in shares of Trex by 0.3% during the fourth quarter. Eagle Asset Management Inc. now owns 46,660 shares of the construction company’s stock worth $3,863,000 after buying an additional 119 shares in the last quarter. EverSource Wealth Advisors LLC grew its position in shares of Trex by 16.8% during the fourth quarter. EverSource Wealth Advisors LLC now owns 863 shares of the construction company’s stock worth $71,000 after buying an additional 124 shares in the last quarter. First Horizon Advisors Inc. grew its position in shares of Trex by 6.9% during the fourth quarter. First Horizon Advisors Inc. now owns 2,144 shares of the construction company’s stock worth $178,000 after buying an additional 138 shares in the last quarter. Martin Capital Advisors LLP grew its position in shares of Trex by 0.7% during the fourth quarter. Martin Capital Advisors LLP now owns 25,723 shares of the construction company’s stock worth $2,130,000 after buying an additional 168 shares in the last quarter. Finally, Fifth Third Bancorp lifted its stake in Trex by 13.2% during the fourth quarter. Fifth Third Bancorp now owns 1,554 shares of the construction company’s stock worth $129,000 after purchasing an additional 181 shares during the last quarter. Institutional investors and hedge funds own 95.96% of the company’s stock.

Insider Buying and Selling

In related news, SVP Jacob T. Rudolph sold 16,440 shares of the business’s stock in a transaction that occurred on Wednesday, May 15th. The stock was sold at an average price of $90.90, for a total value of $1,494,396.00. Following the completion of the sale, the senior vice president now directly owns 25,746 shares in the company, valued at approximately $2,340,311.40. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Corporate insiders own 0.71% of the company’s stock.

Trex Price Performance

Shares of TREX traded down $1.92 during trading hours on Friday, reaching $84.47. 257,071 shares of the company’s stock traded hands, compared to its average volume of 772,995. The firm has a market capitalization of $9.18 billion, a price-to-earnings ratio of 37.08, a P/E/G ratio of 1.88 and a beta of 1.56. Trex Company, Inc. has a twelve month low of $53.59 and a twelve month high of $101.91. The business’s fifty day simple moving average is $88.53 and its two-hundred day simple moving average is $86.92.

Trex (NYSE:TREXGet Free Report) last released its earnings results on Thursday, May 9th. The construction company reported $0.82 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.72 by $0.10. The firm had revenue of $373.64 million for the quarter, compared to analyst estimates of $367.31 million. Trex had a return on equity of 35.33% and a net margin of 20.60%. Trex’s revenue was up 56.5% compared to the same quarter last year. During the same period in the previous year, the company earned $0.38 earnings per share. On average, equities research analysts expect that Trex Company, Inc. will post 2.26 EPS for the current year.

Analyst Upgrades and Downgrades

TREX has been the topic of several research analyst reports. UBS Group raised their price objective on Trex from $84.00 to $100.00 and gave the stock a “neutral” rating in a research note on Tuesday, February 27th. Truist Financial raised their price objective on Trex from $70.00 to $120.00 and gave the stock a “buy” rating in a research note on Tuesday, February 27th. Robert W. Baird reduced their price objective on Trex from $110.00 to $105.00 and set a “neutral” rating on the stock in a research note on Friday, May 10th. Stifel Nicolaus raised their price objective on Trex from $90.00 to $107.00 and gave the stock a “buy” rating in a research note on Tuesday, February 27th. Finally, JPMorgan Chase & Co. raised their target price on Trex from $79.00 to $93.00 and gave the company a “neutral” rating in a research note on Friday, March 1st. Two research analysts have rated the stock with a sell rating, nine have given a hold rating and eight have issued a buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $89.47.

Get Our Latest Analysis on TREX

Trex Company Profile

(Free Report)

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.

See Also

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Institutional Ownership by Quarter for Trex (NYSE:TREX)

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