Trex Company, Inc. $TREX Shares Sold by Red Spruce Capital LLC

Red Spruce Capital LLC lowered its position in Trex Company, Inc. (NYSE:TREX) by 25.0% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 42,804 shares of the construction company’s stock after selling 14,288 shares during the quarter. Red Spruce Capital LLC’s holdings in Trex were worth $1,502,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also recently added to or reduced their stakes in the company. Alliancebernstein L.P. raised its holdings in shares of Trex by 1.9% in the 3rd quarter. Alliancebernstein L.P. now owns 7,543,925 shares of the construction company’s stock worth $389,795,000 after purchasing an additional 142,215 shares during the period. American Century Companies Inc. grew its holdings in shares of Trex by 2.5% during the 3rd quarter. American Century Companies Inc. now owns 2,191,472 shares of the construction company’s stock worth $113,233,000 after purchasing an additional 53,554 shares during the period. Wellington Management Group LLP grew its holdings in shares of Trex by 86.8% during the 3rd quarter. Wellington Management Group LLP now owns 1,974,096 shares of the construction company’s stock worth $102,002,000 after purchasing an additional 917,448 shares during the period. Impax Asset Management Group plc increased its position in Trex by 93.0% during the 3rd quarter. Impax Asset Management Group plc now owns 1,934,581 shares of the construction company’s stock worth $99,354,000 after purchasing an additional 932,247 shares in the last quarter. Finally, Madison Asset Management LLC increased its position in Trex by 1.2% during the 3rd quarter. Madison Asset Management LLC now owns 1,893,081 shares of the construction company’s stock worth $97,815,000 after purchasing an additional 22,027 shares in the last quarter. Hedge funds and other institutional investors own 95.96% of the company’s stock.

Trex Stock Down 0.6%

NYSE TREX opened at $36.82 on Friday. Trex Company, Inc. has a fifty-two week low of $29.77 and a fifty-two week high of $68.78. The business has a 50 day moving average price of $41.31 and a two-hundred day moving average price of $43.04. The stock has a market cap of $3.82 billion, a PE ratio of 20.80, a P/E/G ratio of 8.52 and a beta of 1.58.

Trex (NYSE:TREX) last posted its quarterly earnings data on Tuesday, February 24th. The construction company reported $0.04 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.01) by $0.05. The company had revenue of $161.13 million for the quarter, compared to analyst estimates of $144.39 million. Trex had a net margin of 16.22% and a return on equity of 20.29%. The business’s quarterly revenue was down 3.9% on a year-over-year basis. During the same quarter last year, the firm posted $0.09 earnings per share. Sell-side analysts anticipate that Trex Company, Inc. will post 2.04 EPS for the current fiscal year.

Analysts Set New Price Targets

TREX has been the topic of a number of recent research reports. Wall Street Zen raised shares of Trex from a “sell” rating to a “hold” rating in a research report on Saturday, February 28th. UBS Group increased their price objective on shares of Trex from $52.00 to $58.00 and gave the stock a “buy” rating in a research report on Wednesday, February 25th. Wolfe Research raised shares of Trex from a “peer perform” rating to an “outperform” rating and set a $47.00 target price on the stock in a research note on Wednesday, January 7th. DA Davidson lifted their target price on shares of Trex from $50.00 to $51.00 and gave the company a “buy” rating in a report on Wednesday, March 11th. Finally, Robert W. Baird set a $48.00 price target on shares of Trex in a research report on Monday, January 12th. Ten investment analysts have rated the stock with a Buy rating, ten have issued a Hold rating and three have assigned a Sell rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $47.78.

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.