26,272 Shares in Trex Company, Inc. $TREX Acquired by AXQ Capital LP

AXQ Capital LP purchased a new position in Trex Company, Inc. (NYSE:TREX) during the fourth quarter, HoldingsChannel reports. The fund purchased 26,272 shares of the construction company’s stock, valued at approximately $922,000.

A number of other large investors have also recently bought and sold shares of TREX. Norges Bank acquired a new stake in Trex during the 4th quarter valued at $62,904,000. AQR Capital Management LLC grew its holdings in Trex by 17,551.6% during the 3rd quarter. AQR Capital Management LLC now owns 1,598,001 shares of the construction company’s stock valued at $81,498,000 after buying an additional 1,588,948 shares during the last quarter. Impax Asset Management Group plc grew its holdings in Trex by 93.0% during the 3rd quarter. Impax Asset Management Group plc now owns 1,934,581 shares of the construction company’s stock valued at $99,354,000 after buying an additional 932,247 shares during the last quarter. Wellington Management Group LLP grew its holdings in Trex by 86.8% during the 3rd quarter. Wellington Management Group LLP now owns 1,974,096 shares of the construction company’s stock valued at $102,002,000 after buying an additional 917,448 shares during the last quarter. Finally, Bank of America Corp DE grew its holdings in Trex by 93.1% during the 2nd quarter. Bank of America Corp DE now owns 1,299,381 shares of the construction company’s stock valued at $70,660,000 after buying an additional 626,452 shares during the last quarter. Institutional investors and hedge funds own 95.96% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have commented on the company. Barclays reiterated an “underweight” rating and set a $36.00 target price (up from $35.00) on shares of Trex in a report on Monday, May 11th. Stifel Nicolaus increased their target price on Trex from $40.00 to $44.00 and gave the company a “hold” rating in a report on Monday, May 11th. Citigroup reiterated a “neutral” rating and set a $43.00 target price (down from $46.00) on shares of Trex in a report on Monday, May 11th. Loop Capital raised Trex from a “hold” rating to a “buy” rating and increased their price target for the stock from $45.00 to $53.00 in a research note on Wednesday, February 25th. Finally, Zacks Research raised Trex from a “strong sell” rating to a “hold” rating in a research note on Tuesday, February 3rd. Eleven analysts have rated the stock with a Buy rating, nine have issued a Hold rating and two have given a Sell rating to the company. Based on data from MarketBeat, Trex presently has a consensus rating of “Hold” and a consensus price target of $46.42.

Trex Price Performance

NYSE:TREX opened at $41.60 on Wednesday. The business’s 50-day moving average is $39.06 and its two-hundred day moving average is $38.51. Trex Company, Inc. has a 12 month low of $29.77 and a 12 month high of $68.78. The firm has a market capitalization of $4.32 billion, a PE ratio of 23.24, a price-to-earnings-growth ratio of 8.42 and a beta of 1.51.

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

Trex Company 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.