Trex Company, Inc. (NYSE:TREX) Shares Purchased by Bennett Selby Investments LP

Bennett Selby Investments LP lifted its stake in shares of Trex Company, Inc. (NYSE:TREX) by 0.7% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 52,299 shares of the construction company’s stock after buying an additional 349 shares during the quarter. Trex accounts for approximately 1.4% of Bennett Selby Investments LP’s holdings, making the stock its 15th largest holding. Bennett Selby Investments LP’s holdings in Trex were worth $3,610,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Wasatch Advisors LP raised its position in shares of Trex by 33.2% in the 3rd quarter. Wasatch Advisors LP now owns 4,076,408 shares of the construction company’s stock valued at $271,407,000 after purchasing an additional 1,015,516 shares in the last quarter. State Street Corp raised its holdings in Trex by 1.2% in the third quarter. State Street Corp now owns 3,183,444 shares of the construction company’s stock valued at $211,954,000 after acquiring an additional 37,436 shares in the last quarter. Geode Capital Management LLC boosted its stake in Trex by 1.9% during the 3rd quarter. Geode Capital Management LLC now owns 1,873,455 shares of the construction company’s stock valued at $124,766,000 after acquiring an additional 35,039 shares during the last quarter. Geneva Capital Management LLC grew its holdings in Trex by 0.4% during the 3rd quarter. Geneva Capital Management LLC now owns 1,592,533 shares of the construction company’s stock worth $106,031,000 after acquiring an additional 6,616 shares in the last quarter. Finally, FMR LLC increased its position in shares of Trex by 6.0% in the 3rd quarter. FMR LLC now owns 1,262,920 shares of the construction company’s stock worth $84,085,000 after purchasing an additional 71,761 shares during the last quarter. 95.96% of the stock is owned by institutional investors and hedge funds.

Trex Price Performance

TREX opened at $73.77 on Friday. The company has a market capitalization of $7.90 billion, a PE ratio of 33.69, a price-to-earnings-growth ratio of 3.06 and a beta of 1.50. Trex Company, Inc. has a fifty-two week low of $58.68 and a fifty-two week high of $101.91. The business has a 50-day moving average of $72.20 and a 200-day moving average of $70.19.

Trex (NYSE:TREX) last released its quarterly earnings data on Monday, October 28th. The construction company reported $0.37 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.32 by $0.05. Trex had a net margin of 20.23% and a return on equity of 28.89%. The business had revenue of $233.72 million during the quarter, compared to analyst estimates of $225.42 million. During the same quarter in the previous year, the business earned $0.57 EPS. Trex’s quarterly revenue was down 23.1% compared to the same quarter last year. On average, equities research analysts expect that Trex Company, Inc. will post 2.05 earnings per share for the current fiscal year.

Analyst Ratings Changes

TREX has been the topic of several research reports. Barclays cut their price objective on Trex from $68.00 to $67.00 and set an “underweight” rating on the stock in a research note on Tuesday, October 29th. BMO Capital Markets increased their price target on Trex from $67.00 to $72.00 and gave the stock a “market perform” rating in a research report on Tuesday, October 29th. DA Davidson boosted their price objective on Trex from $70.00 to $74.00 and gave the company a “neutral” rating in a research report on Tuesday, October 29th. Robert W. Baird increased their target price on Trex from $70.00 to $78.00 and gave the stock a “neutral” rating in a research report on Tuesday, October 29th. Finally, Citigroup lowered their price target on shares of Trex from $84.00 to $78.00 and set a “neutral” rating for the company in a research report on Monday, January 6th. 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’s stock. Based on data from MarketBeat.com, Trex has a consensus rating of “Hold” and an average target price of $79.81.

Trex Company 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.