150,938 Shares in Trex Company, Inc. $TREX Acquired by Royce & Associates LP

Royce & Associates LP purchased a new position in shares of Trex Company, Inc. (NYSE:TREX) during the 4th quarter, according to its most recent 13F filing with the SEC. The firm purchased 150,938 shares of the construction company’s stock, valued at approximately $5,295,000. Royce & Associates LP owned about 0.14% of Trex at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of the stock. Clearstead Trust LLC bought a new position in Trex during the 4th quarter worth approximately $33,000. Hantz Financial Services Inc. grew its position in Trex by 772.8% during the 4th quarter. Hantz Financial Services Inc. now owns 10,945 shares of the construction company’s stock worth $384,000 after acquiring an additional 9,691 shares during the last quarter. Fideuram Intesa Sanpaolo Private Banking S.P.A. bought a new position in Trex during the 4th quarter worth approximately $1,198,000. EverSource Wealth Advisors LLC grew its position in shares of Trex by 169.2% in the 4th quarter. EverSource Wealth Advisors LLC now owns 4,084 shares of the construction company’s stock worth $143,000 after buying an additional 2,567 shares during the last quarter. Finally, FourThought Financial Partners LLC grew its position in shares of Trex by 58.0% in the 4th quarter. FourThought Financial Partners LLC now owns 6,789 shares of the construction company’s stock worth $238,000 after buying an additional 2,491 shares during the last quarter. 95.96% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on TREX shares. DA Davidson lifted their price objective on Trex from $50.00 to $51.00 and gave the stock a “buy” rating in a research report on Wednesday, March 11th. Zacks Research upgraded Trex from a “strong sell” rating to a “hold” rating in a research report on Tuesday, February 3rd. Stifel Nicolaus lifted their price objective on Trex from $40.00 to $44.00 and gave the stock a “hold” rating in a research report on Monday, May 11th. Benchmark lowered Trex from a “buy” rating to a “hold” rating in a research report on Wednesday, February 11th. Finally, Bank of America cut their price objective on Trex from $43.00 to $42.00 and set an “underperform” rating on the stock in a research report on Monday, April 20th. Eleven research analysts have rated the stock with a Buy rating, nine have given a Hold rating and two have issued a Sell rating to the company. According to data from MarketBeat.com, Trex currently has an average rating of “Hold” and an average price target of $46.42.

Trex Stock Down 2.0%

TREX opened at $41.52 on Friday. The business has a 50 day moving average of $38.97 and a 200-day moving average of $38.40. The stock has a market cap of $4.31 billion, a PE ratio of 23.20, a PEG ratio of 8.59 and a beta of 1.51. Trex Company, Inc. has a 52 week low of $29.77 and a 52 week high of $68.78.

Trex (NYSE:TREX) last announced its quarterly earnings data on Thursday, May 7th. The construction company reported $0.59 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.51 by $0.08. The business had revenue of $343.40 million during the quarter, compared to analysts’ expectations of $339.99 million. Trex had a return on equity of 19.66% and a net margin of 16.25%.The firm’s quarterly revenue was up 1.0% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.60 earnings per share. Equities analysts anticipate that Trex Company, Inc. will post 1.68 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.