14,217 Shares in Trex Company, Inc. (NYSE:TREX) Acquired by Nomura Holdings Inc.

Nomura Holdings Inc. bought a new position in Trex Company, Inc. (NYSE:TREX) in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund bought 14,217 shares of the construction company’s stock, valued at approximately $981,000.

A number of other hedge funds also recently bought and sold shares of the company. Mather Group LLC. increased its stake 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 increased 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 during the period. Huntington National Bank increased its stake in Trex by 227.2% in 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 period. V Square Quantitative Management LLC increased its stake in Trex by 47.4% in the 4th quarter. V Square Quantitative Management LLC now owns 628 shares of the construction company’s stock worth $43,000 after purchasing an additional 202 shares during the period. Finally, UMB Bank n.a. increased its stake in Trex by 33.4% in the 4th quarter. UMB Bank n.a. now owns 870 shares of the construction company’s stock worth $60,000 after purchasing an additional 218 shares during the period. 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 stock in a transaction dated Friday, February 28th. The shares were sold at an average price of $61.88, for a total transaction of $87,869.60. Following the sale, 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 position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, SVP Jacob T. Rudolph sold 1,500 shares of the stock in a transaction dated Thursday, May 15th. The shares were sold at an average price of $60.27, for a total transaction of $90,405.00. Following the sale, the senior vice president now directly owns 27,527 shares in the company, valued at $1,659,052.29. This trade represents a 5.17% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 5,286 shares of company stock valued at $323,003. 0.71% of the stock is owned by insiders.

Analyst Ratings Changes

TREX has been the topic of a number of analyst reports. Bank of America decreased their price target on Trex from $85.00 to $79.00 and set a “buy” rating on the stock in a research note on Tuesday, February 25th. DA Davidson reaffirmed a “neutral” rating and issued a $74.00 price target on shares of Trex in a research note on Tuesday, February 25th. Stephens reduced their target price on Trex from $73.00 to $65.00 and set an “equal weight” rating on the stock in a research note on Monday, May 12th. Truist Financial reduced their target price on Trex from $100.00 to $90.00 and set a “buy” rating on the stock in a research note on Tuesday, February 25th. Finally, UBS Group reduced their target price on Trex from $74.00 to $72.00 and set a “neutral” rating on the stock in a research note on Friday, May 9th. Two equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating and eight have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $76.65.

Trex Stock Down 0.4%

Shares of TREX stock opened at $60.61 on Tuesday. The stock has a market cap of $6.50 billion, a price-to-earnings ratio of 27.68, a PEG ratio of 2.51 and a beta of 1.62. The business’s fifty day moving average is $57.55 and its 200 day moving average is $65.46. Trex Company, Inc. has a twelve month low of $49.01 and a twelve month high of $88.87.

Trex (NYSE:TREX) last issued its quarterly earnings results on Thursday, May 8th. The construction company reported $0.60 earnings per share for the quarter, topping the consensus estimate of $0.58 by $0.02. Trex had a return on equity of 28.89% and a net margin of 20.23%. The company had revenue of $339.99 million for the quarter, compared to analysts’ expectations of $329.11 million. During the same period in the prior year, the firm earned $0.82 earnings per share. The firm’s revenue for the quarter was down 9.0% on a year-over-year basis. Equities research analysts expect 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.