Trex Company, Inc. (NYSE:TREX) Shares Sold by Rathbones Group PLC

Rathbones Group PLC reduced its position in Trex Company, Inc. (NYSE:TREX) by 37.2% in the 4th quarter, Holdings Channel reports. The firm owned 14,282 shares of the construction company’s stock after selling 8,451 shares during the quarter. Rathbones Group PLC’s holdings in Trex were worth $986,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Wilmington Savings Fund Society FSB acquired a new stake in shares of Trex in the third quarter valued at about $30,000. Mather Group LLC. raised its holdings in Trex by 73.5% in the 4th quarter. Mather Group LLC. now owns 451 shares of the construction company’s stock valued at $31,000 after acquiring an additional 191 shares during the last quarter. Avior Wealth Management LLC lifted its stake in Trex by 1,212.8% in the 4th quarter. Avior Wealth Management LLC now owns 512 shares of the construction company’s stock worth $35,000 after purchasing an additional 473 shares in the last quarter. Huntington National Bank boosted its holdings in shares of Trex by 227.2% during the 4th quarter. Huntington National Bank now owns 566 shares of the construction company’s stock worth $39,000 after purchasing an additional 393 shares during the last quarter. Finally, Eagle Bay Advisors LLC purchased a new stake in shares of Trex in the fourth quarter valued at approximately $41,000. Hedge funds and other institutional investors own 95.96% of the company’s stock.

Insider Activity at Trex

In related news, Director Melkeya Mcduffie sold 1,420 shares of the firm’s stock in a transaction that occurred on Friday, February 28th. The shares were sold at an average price of $61.88, for a total value of $87,869.60. Following the sale, the director now owns 1,705 shares of the company’s stock, valued at $105,505.40. This trade represents a 45.44 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.71% of the stock is currently owned by company insiders.

Trex Price Performance

Shares of NYSE:TREX opened at $50.47 on Wednesday. The firm has a market capitalization of $5.41 billion, a PE ratio of 23.05, a price-to-earnings-growth ratio of 2.51 and a beta of 1.62. Trex Company, Inc. has a 1 year low of $49.93 and a 1 year high of $97.46. The firm’s 50-day moving average is $61.67 and its two-hundred day moving average is $67.28.

Trex (NYSE:TREX) last released its earnings results on Monday, February 24th. The construction company reported $0.09 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.04 by $0.05. The company had revenue of $167.63 million for the quarter, compared to analyst estimates of $160.54 million. Trex had a net margin of 20.23% and a return on equity of 28.89%. Analysts expect that Trex Company, Inc. will post 2.04 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of brokerages recently commented on TREX. UBS Group reduced their price objective on Trex from $76.00 to $74.00 and set a “neutral” rating on the stock in a research report on Tuesday, February 25th. Bank of America lowered their price target on shares of Trex from $85.00 to $79.00 and set a “buy” rating on the stock in a research report on Tuesday, February 25th. Deutsche Bank Aktiengesellschaft initiated coverage on shares of Trex in a report on Tuesday, April 1st. They issued a “buy” rating and a $85.00 price objective for the company. Barclays reduced their target price on shares of Trex from $67.00 to $54.00 and set an “underweight” rating on the stock in a research note on Tuesday. Finally, StockNews.com cut shares of Trex from a “hold” rating to a “sell” rating in a research note on Wednesday, March 5th. Two analysts have rated the stock with a sell rating, nine have assigned a hold rating and seven have assigned a buy rating to the company. Based on data from MarketBeat, Trex has a consensus rating of “Hold” and an average target price of $78.24.

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.