Royce & Associates LP Acquires Shares of 150,938 Trex Company, Inc. $TREX

Royce & Associates LP acquired a new stake in shares of Trex Company, Inc. (NYSE:TREX) in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund acquired 150,938 shares of the construction company’s stock, valued at approximately $5,295,000.

A number of other large investors have also added to or reduced their stakes in TREX. AQR Capital Management LLC increased its holdings in shares of Trex by 3.2% in the 1st quarter. AQR Capital Management LLC now owns 5,642 shares of the construction company’s stock worth $320,000 after purchasing an additional 177 shares in the last quarter. Benjamin Edwards Inc. increased its holdings in shares of Trex by 1.9% in the 2nd quarter. Benjamin Edwards Inc. now owns 11,240 shares of the construction company’s stock worth $611,000 after purchasing an additional 214 shares in the last quarter. Pinnacle Associates Ltd. increased its holdings in shares of Trex by 0.7% in the 4th quarter. Pinnacle Associates Ltd. now owns 40,285 shares of the construction company’s stock worth $1,413,000 after purchasing an additional 285 shares in the last quarter. Hsbc Holdings PLC increased its holdings in shares of Trex by 6.3% in the 2nd quarter. Hsbc Holdings PLC now owns 5,403 shares of the construction company’s stock worth $294,000 after purchasing an additional 322 shares in the last quarter. Finally, CIBC Private Wealth Group LLC increased its holdings in shares of Trex by 0.7% in the 3rd quarter. CIBC Private Wealth Group LLC now owns 45,646 shares of the construction company’s stock worth $2,359,000 after purchasing an additional 333 shares in the last quarter. Hedge funds and other institutional investors own 95.96% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts have commented on the company. Zelman & Associates raised Trex from a “neutral” rating to an “outperform” rating and set a $50.00 target price for the company in a report on Monday, May 18th. Benchmark lowered Trex from a “buy” rating to a “hold” rating in a report on Wednesday, February 11th. Wall Street Zen raised Trex from a “sell” rating to a “hold” rating in a report on Saturday, May 2nd. Weiss Ratings raised Trex from a “sell (d+)” rating to a “hold (c-)” rating in a report on Monday, May 11th. Finally, Barclays reissued an “underweight” rating and issued a $36.00 target price (up from $35.00) on shares of Trex in a report on Monday, May 11th. Eleven analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and two have issued a Sell rating to the company. Based on data from MarketBeat, Trex has a consensus rating of “Hold” and a consensus price target of $46.42.

Trex Stock Down 2.0%

Trex stock opened at $41.52 on Friday. The business has a 50-day simple moving average of $38.97 and a two-hundred day simple moving average of $38.40. The company has a market cap of $4.31 billion, a P/E ratio of 23.20, a P/E/G 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 released its quarterly earnings results 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 the consensus estimate of $339.99 million. Trex had a return on equity of 19.66% and a net margin of 16.25%.The business’s quarterly revenue was up 1.0% compared to the same quarter last year. During the same period in the previous year, the company posted $0.60 EPS. Research analysts anticipate that Trex Company, Inc. will post 1.68 EPS for the current fiscal year.

About Trex

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.