Trust Co. of Vermont Sells 189 Shares of Trex Company, Inc. (NYSE:TREX)

Trust Co. of Vermont lowered its stake in Trex Company, Inc. (NYSE:TREX) by 3.6% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 5,121 shares of the construction company’s stock after selling 189 shares during the quarter. Trust Co. of Vermont’s holdings in Trex were worth $354,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently made changes to their positions in the company. Wilmington Savings Fund Society FSB bought a new position in Trex during the 3rd quarter valued at approximately $30,000. Eagle Bay Advisors LLC bought a new position in shares of Trex during the fourth quarter valued at approximately $41,000. Quarry LP lifted its stake in Trex by 576.4% in the second quarter. Quarry LP now owns 602 shares of the construction company’s stock worth $45,000 after acquiring an additional 513 shares during the period. UMB Bank n.a. boosted its holdings in Trex by 150.8% in the third quarter. UMB Bank n.a. now owns 652 shares of the construction company’s stock valued at $43,000 after acquiring an additional 392 shares in the last quarter. Finally, GAMMA Investing LLC increased its position in Trex by 274.9% during the 4th quarter. GAMMA Investing LLC now owns 701 shares of the construction company’s stock valued at $48,000 after purchasing an additional 514 shares during the period. Institutional investors own 95.96% of the company’s stock.

Trex Trading Up 0.6 %

Shares of TREX opened at $71.72 on Monday. The company has a market cap of $7.68 billion, a price-to-earnings ratio of 32.75, a P/E/G ratio of 2.73 and a beta of 1.50. The business’s fifty day simple moving average is $72.06 and its two-hundred day simple moving average is $70.11. Trex Company, Inc. has a 12 month low of $58.68 and a 12 month high of $101.91.

Trex (NYSE:TREX) last released its quarterly earnings data on Monday, October 28th. The construction company reported $0.37 EPS for the quarter, topping the consensus estimate of $0.32 by $0.05. The company had revenue of $233.72 million during the quarter, compared to the consensus estimate of $225.42 million. Trex had a return on equity of 28.89% and a net margin of 20.23%. Trex’s revenue for the quarter was down 23.1% on a year-over-year basis. During the same period last year, the company earned $0.57 EPS. As a group, research analysts forecast that Trex Company, Inc. will post 2.05 EPS for the current year.

Analysts Set New Price Targets

A number of brokerages have recently weighed in on TREX. Jefferies Financial Group cut their target price on shares of Trex from $77.00 to $73.00 and set a “hold” rating on the stock in a research note on Wednesday, October 9th. DA Davidson upped their target price on Trex from $70.00 to $74.00 and gave the stock a “neutral” rating in a report on Tuesday, October 29th. Citigroup lowered their target price on Trex from $84.00 to $78.00 and set a “neutral” rating for the company in a research note on Monday, January 6th. BMO Capital Markets increased their price objective on Trex from $67.00 to $72.00 and gave the stock a “market perform” rating in a report on Tuesday, October 29th. Finally, StockNews.com cut shares of Trex from a “hold” rating to a “sell” rating in a report on Tuesday, October 29th. Two research analysts have rated the stock with a sell rating, nine have issued a hold rating and six have issued a buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $79.81.

Trex 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.