Zurcher Kantonalbank Zurich Cantonalbank Buys 3,970 Shares of Trex Company, Inc. (NYSE:TREX)

Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in Trex Company, Inc. (NYSE:TREX) by 16.5% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 27,972 shares of the construction company’s stock after buying an additional 3,970 shares during the quarter. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in Trex were worth $1,931,000 as of its most recent SEC filing.

Several other large investors have also bought and sold shares of TREX. Wilmington Savings Fund Society FSB purchased a new position in shares of Trex in the 3rd quarter worth approximately $30,000. Mather Group LLC. grew its stake in Trex by 73.5% in the 4th quarter. Mather Group LLC. now owns 451 shares of the construction company’s stock valued at $31,000 after purchasing an additional 191 shares during the period. Avior Wealth Management LLC increased its position in shares of Trex by 1,212.8% during the 4th quarter. Avior Wealth Management LLC now owns 512 shares of the construction company’s stock valued at $35,000 after purchasing an additional 473 shares during the last quarter. Eagle Bay Advisors LLC bought a new stake in shares of Trex during the 4th quarter worth $41,000. Finally, V Square Quantitative Management LLC raised its stake in shares of Trex by 47.4% during the 4th quarter. V Square Quantitative Management LLC now owns 628 shares of the construction company’s stock worth $43,000 after purchasing an additional 202 shares during the period. 95.96% of the stock is currently owned by institutional investors.

Trex Price Performance

Shares of NYSE:TREX opened at $57.71 on Tuesday. Trex Company, Inc. has a one year low of $52.75 and a one year high of $100.77. The firm has a market capitalization of $6.18 billion, a price-to-earnings ratio of 26.35, a PEG ratio of 2.51 and a beta of 1.60. The company’s fifty day moving average price is $66.01 and its 200-day moving average price is $68.14.

Trex (NYSE:TREX) last released its earnings results on Monday, February 24th. The construction company reported $0.09 EPS for the quarter, beating analysts’ consensus estimates of $0.04 by $0.05. Trex had a return on equity of 28.89% and a net margin of 20.23%. The business had revenue of $167.63 million for the quarter, compared to analysts’ expectations of $160.54 million. As a group, equities research analysts expect that Trex Company, Inc. will post 2.04 EPS for the current year.

Insider Activity

In other news, Director Melkeya Mcduffie sold 1,420 shares of the company’s stock in a transaction on Friday, February 28th. The shares were sold at an average price of $61.88, for a total value of $87,869.60. Following the completion of the sale, the director now owns 1,705 shares of the company’s stock, 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 is accessible through this link. Corporate insiders own 0.71% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts recently issued reports on TREX shares. Jefferies Financial Group decreased their price objective on shares of Trex from $81.00 to $71.00 and set a “hold” rating for the company in a report on Tuesday, February 25th. Benchmark reissued a “buy” rating and issued a $80.00 price objective on shares of Trex in a report on Monday, March 3rd. JPMorgan Chase & Co. cut their target price on shares of Trex from $79.00 to $73.00 and set a “neutral” rating for the company in a research report on Wednesday, March 5th. StockNews.com lowered shares of Trex from a “hold” rating to a “sell” rating in a research report on Wednesday, March 5th. Finally, UBS Group reduced their price objective on shares of Trex from $76.00 to $74.00 and set a “neutral” rating for the company in a research note on Tuesday, February 25th. Two analysts have rated the stock with a sell rating, nine have issued a hold rating and six have issued a buy rating to the company. According to MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $78.63.

Trex Company 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.