Fox Run Management L.L.C. Acquires Shares of 33,224 Trex Company, Inc. $TREX

Fox Run Management L.L.C. acquired a new stake in Trex Company, Inc. (NYSE:TREX) in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund acquired 33,224 shares of the construction company’s stock, valued at approximately $1,165,000.

A number of other institutional investors have also recently bought and sold shares of TREX. V Square Quantitative Management LLC bought a new stake in Trex in the 4th quarter valued at about $27,000. Clearstead Trust LLC acquired a new position in shares of Trex in the 4th quarter valued at approximately $33,000. Eurizon Capital SGR S.p.A. acquired a new position in shares of Trex in the 4th quarter valued at approximately $47,000. Rothschild Investment LLC acquired a new position in shares of Trex in the 3rd quarter valued at approximately $60,000. Finally, Covestor Ltd raised its position in shares of Trex by 1,365.4% in the 4th quarter. Covestor Ltd now owns 1,905 shares of the construction company’s stock valued at $67,000 after buying an additional 1,775 shares in the last quarter. Institutional investors own 95.96% of the company’s stock.

Trex Price Performance

TREX opened at $44.37 on Wednesday. Trex Company, Inc. has a fifty-two week low of $29.77 and a fifty-two week high of $68.78. The firm has a market capitalization of $4.61 billion, a price-to-earnings ratio of 24.79, a PEG ratio of 8.52 and a beta of 1.51. The company’s 50 day moving average price is $39.65 and its two-hundred day moving average price is $38.92.

Trex (NYSE:TREX) last posted its earnings results on Thursday, May 7th. The construction company reported $0.59 earnings per share for the quarter, topping analysts’ consensus estimates of $0.51 by $0.08. Trex had a net margin of 16.25% and a return on equity of 19.66%. The firm had revenue of $343.40 million for the quarter, compared to analyst estimates of $339.99 million. During the same period in the previous year, the firm posted $0.60 EPS. The company’s revenue for the quarter was up 1.0% compared to the same quarter last year. As a group, equities research analysts predict that Trex Company, Inc. will post 1.68 EPS for the current year.

Analysts Set New Price Targets

Several brokerages have recently commented on TREX. UBS Group restated a “buy” rating and issued a $59.00 target price (up from $58.00) on shares of Trex in a research report on Friday, May 8th. DA Davidson reiterated a “buy” rating and set a $51.00 price objective on shares of Trex in a research report on Friday, June 5th. Zelman & Associates upgraded shares of Trex from a “neutral” rating to an “outperform” rating and set a $50.00 price objective for the company in a research report on Monday, May 18th. Citigroup reiterated a “neutral” rating and set a $43.00 price objective (down from $46.00) on shares of Trex in a research report on Monday, May 11th. Finally, Loop Capital upgraded shares of Trex from a “hold” rating to a “buy” rating and upped their price objective for the stock from $45.00 to $53.00 in a research report on Wednesday, February 25th. Eleven research analysts have rated the stock with a Buy rating, nine have given a Hold rating and two have assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $46.42.

Trex 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.