Trex Company, Inc. (NYSE:TREX) Shares Sold by XTX Topco Ltd

XTX Topco Ltd lowered its position in Trex Company, Inc. (NYSE:TREX) by 67.1% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 7,321 shares of the construction company’s stock after selling 14,916 shares during the period. XTX Topco Ltd’s holdings in Trex were worth $505,000 as of its most recent SEC filing.

Several other hedge funds have also recently bought and sold shares of TREX. Covestor Ltd increased its position in Trex by 36.4% during the fourth quarter. Covestor Ltd now owns 3,222 shares of the construction company’s stock worth $222,000 after buying an additional 860 shares in the last quarter. Bank of Hawaii acquired a new position in Trex in the 4th quarter valued at about $677,000. Bessemer Group Inc. lifted its holdings in Trex by 9.1% in the 4th quarter. Bessemer Group Inc. now owns 2,034 shares of the construction company’s stock valued at $140,000 after purchasing an additional 170 shares in the last quarter. Raymond James Financial Inc. acquired a new stake in shares of Trex during the 4th quarter worth about $17,677,000. Finally, Advisory Services Network LLC grew its holdings in shares of Trex by 18.6% during the fourth quarter. Advisory Services Network LLC now owns 14,120 shares of the construction company’s stock worth $975,000 after buying an additional 2,214 shares in the last quarter. 95.96% of the stock is owned by hedge funds and other institutional investors.

Trex Trading Up 4.2 %

Shares of NYSE TREX opened at $55.65 on Monday. The stock has a fifty day moving average price of $58.75 and a 200 day moving average price of $66.50. The company has a market cap of $5.97 billion, a P/E ratio of 25.41, a P/E/G ratio of 2.51 and a beta of 1.62. Trex Company, Inc. has a 12-month low of $49.01 and a 12-month high of $94.00.

Trex (NYSE:TREX) last announced its earnings results on Monday, February 24th. The construction company reported $0.09 EPS for the quarter, beating the consensus estimate of $0.04 by $0.05. The business had revenue of $167.63 million for the quarter, compared to the consensus estimate of $160.54 million. Trex had a return on equity of 28.89% and a net margin of 20.23%. On average, sell-side analysts forecast that Trex Company, Inc. will post 2.04 EPS for the current fiscal year.

Analyst Ratings Changes

Several equities analysts recently issued reports on TREX shares. BMO Capital Markets raised shares of Trex from a “market perform” rating to an “outperform” rating and set a $72.00 price objective on the stock in a research note on Thursday. Jefferies Financial Group dropped their target price on Trex from $81.00 to $71.00 and set a “hold” rating for the company in a research note on Tuesday, February 25th. Benchmark reissued a “buy” rating and issued a $80.00 price target on shares of Trex in a research note on Monday, March 3rd. Barclays dropped their price objective on shares of Trex from $67.00 to $54.00 and set an “underweight” rating for the company in a research note on Tuesday, April 8th. Finally, Citigroup decreased their target price on shares of Trex from $78.00 to $60.00 and set a “neutral” rating on the stock in a research report on Friday, April 11th. Two research analysts have rated the stock with a sell rating, eight have given a hold rating and eight have given a buy rating to the stock. According to data from MarketBeat, Trex has an average rating of “Hold” and a consensus target price of $77.18.

Insider Activity

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

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.