33,224 Shares in Trex Company, Inc. $TREX Bought by Fox Run Management L.L.C.

Fox Run Management L.L.C. acquired a new position in shares of Trex Company, Inc. (NYSE:TREX) during the 4th quarter, HoldingsChannel.com reports. The institutional investor acquired 33,224 shares of the construction company’s stock, valued at approximately $1,165,000.

Several other institutional investors have also recently bought and sold shares of TREX. Norges Bank acquired a new position in Trex during the fourth quarter worth $62,904,000. AQR Capital Management LLC raised its holdings in Trex by 17,551.6% during the third quarter. AQR Capital Management LLC now owns 1,598,001 shares of the construction company’s stock worth $81,498,000 after buying an additional 1,588,948 shares during the last quarter. Impax Asset Management Group plc raised its holdings in Trex by 93.0% during the third quarter. Impax Asset Management Group plc now owns 1,934,581 shares of the construction company’s stock worth $99,354,000 after buying an additional 932,247 shares during the last quarter. Wellington Management Group LLP raised its holdings in Trex by 86.8% during the third quarter. Wellington Management Group LLP now owns 1,974,096 shares of the construction company’s stock worth $102,002,000 after buying an additional 917,448 shares during the last quarter. Finally, Bank of America Corp DE raised its holdings in Trex by 93.1% during the second quarter. Bank of America Corp DE now owns 1,299,381 shares of the construction company’s stock worth $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.

Trex Stock Performance

TREX opened at $44.37 on Wednesday. The firm has a market cap of $4.61 billion, a P/E ratio of 24.79, a PEG ratio of 8.52 and a beta of 1.51. The firm has a 50-day moving average of $39.65 and a 200 day moving average of $38.92. Trex Company, Inc. has a fifty-two week low of $29.77 and a fifty-two week high of $68.78.

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

Analysts Set New Price Targets

Several research analysts have weighed in on TREX shares. Stifel Nicolaus upped their price objective on shares of Trex from $40.00 to $44.00 and gave the stock a “hold” rating in a report on Monday, May 11th. Loop Capital upgraded shares of Trex from a “hold” rating to a “buy” rating and upped their price objective for the stock from $45.00 to $53.00 in a report on Wednesday, February 25th. Zelman & Associates upgraded shares of Trex from a “neutral” rating to an “outperform” rating and set a $50.00 price objective on the stock in a report on Monday, May 18th. Barclays reiterated 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. Finally, Weiss Ratings upgraded shares of Trex from a “sell (d+)” rating to a “hold (c-)” rating in a report on Monday, May 11th. Eleven investment analysts have rated the stock with a Buy rating, nine have issued a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $46.42.

Trex 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.