Amalgamated Bank Sells 837 Shares of Trex Company, Inc. (NYSE:TREX)

Amalgamated Bank lessened its stake in shares of Trex Company, Inc. (NYSE:TREX) by 1.6% during the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 52,553 shares of the construction company’s stock after selling 837 shares during the period. Amalgamated Bank’s holdings in Trex were worth $3,628,000 at the end of the most recent quarter.

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

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 stock was sold at an average price of $61.88, for a total transaction of $87,869.60. Following the transaction, the director now directly owns 1,705 shares of the company’s stock, valued at approximately $105,505.40. This represents a 45.44 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Company insiders own 0.71% of the company’s stock.

Wall Street Analysts Forecast Growth

TREX has been the subject of a number of research analyst reports. UBS Group decreased their price target on Trex from $76.00 to $74.00 and set a “neutral” rating for the company in a research note on Tuesday. Citigroup decreased their target price on Trex from $84.00 to $78.00 and set a “neutral” rating for the company in a research report on Monday, January 6th. DA Davidson restated a “neutral” rating and issued a $74.00 price target on shares of Trex in a report on Tuesday. StockNews.com raised shares of Trex from a “sell” rating to a “hold” rating in a research note on Tuesday. Finally, Truist Financial lowered their price objective on shares of Trex from $100.00 to $90.00 and set a “buy” rating for the company in a research report on Tuesday. One research analyst has rated the stock with a sell rating, ten have issued a hold rating and six have given a buy rating to the company. According to MarketBeat, the company has an average rating of “Hold” and an average price target of $78.38.

Trex Trading Up 2.3 %

Shares of NYSE TREX opened at $61.71 on Friday. Trex Company, Inc. has a 12-month low of $58.68 and a 12-month high of $100.77. The stock’s fifty day simple moving average is $69.13 and its two-hundred day simple moving average is $68.64. The stock has a market capitalization of $6.61 billion, a PE ratio of 28.18, a price-to-earnings-growth ratio of 2.51 and a beta of 1.51.

Trex (NYSE:TREX) last issued its quarterly earnings data on Monday, February 24th. The construction company reported $0.09 earnings per share 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 company had revenue of $167.63 million for the quarter, compared to the consensus estimate of $160.54 million. On average, equities analysts predict that Trex Company, Inc. will post 2.04 earnings per share for the current fiscal year.

About Trex

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.