10,100 Shares in Trex Company, Inc. (NYSE:TREX) Acquired by BLI Banque de Luxembourg Investments

BLI Banque de Luxembourg Investments acquired a new position in Trex Company, Inc. (NYSE:TREX - Free Report) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 10,100 shares of the construction company's stock, valued at approximately $699,000.

A number of other institutional investors also recently modified their holdings of TREX. Barclays PLC grew its holdings in shares of Trex by 8.8% during the 3rd quarter. Barclays PLC now owns 149,623 shares of the construction company's stock valued at $9,961,000 after purchasing an additional 12,085 shares during the last quarter. Wilmington Savings Fund Society FSB purchased a new position in shares of Trex in the 3rd quarter valued at approximately $30,000. Tidal Investments LLC grew its holdings in Trex by 73.1% in the third quarter. Tidal Investments LLC now owns 14,836 shares of the construction company's stock worth $988,000 after purchasing an additional 6,263 shares during the period. JPMorgan Chase & Co. raised its stake in Trex by 97.6% during the third quarter. JPMorgan Chase & Co. now owns 797,513 shares of the construction company's stock valued at $53,098,000 after buying an additional 393,850 shares during the last quarter. Finally, GAMMA Investing LLC raised its holdings in Trex by 274.9% in the fourth quarter. GAMMA Investing LLC now owns 701 shares of the construction company's stock worth $48,000 after buying an additional 514 shares during the last quarter. 95.96% of the stock is currently owned by hedge funds and other institutional investors.

Trex Price Performance

TREX traded down $1.57 during trading on Wednesday, hitting $56.50. The company's stock had a trading volume of 1,747,317 shares, compared to its average volume of 1,341,333. Trex Company, Inc. has a twelve month low of $49.01 and a twelve month high of $93.96. The firm's 50 day moving average price is $57.00 and its 200-day moving average price is $65.83. The stock has a market cap of $6.06 billion, a PE ratio of 25.80, a PEG ratio of 2.51 and a beta of 1.62.

Trex (NYSE:TREX - Get Free Report) last released its quarterly earnings results on Monday, February 24th. The construction company reported $0.09 earnings per share for the quarter, topping analysts' consensus estimates of $0.04 by $0.05. The firm had revenue of $167.63 million during the quarter, compared to analysts' expectations of $160.54 million. Trex had a return on equity of 28.89% and a net margin of 20.23%. Equities analysts anticipate that Trex Company, Inc. will post 2.04 earnings per share for the current year.

Insider Transactions at Trex

In other Trex news, Director Melkeya Mcduffie sold 1,420 shares of the business's stock in a transaction dated Friday, February 28th. The shares were sold at an average price of $61.88, for a total value of $87,869.60. Following the sale, the director now directly owns 1,705 shares in the company, valued at approximately $105,505.40. The trade was a 45.44 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 0.71% of the company's stock.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on the company. Deutsche Bank Aktiengesellschaft started coverage on Trex in a report on Tuesday, April 1st. They set a "buy" rating and a $85.00 price target on the stock. Jefferies Financial Group dropped their price objective on Trex from $81.00 to $71.00 and set a "hold" rating for the company in a research note on Tuesday, February 25th. StockNews.com cut Trex from a "hold" rating to a "sell" rating in a report on Wednesday, March 5th. Benchmark reissued a "buy" rating and set a $80.00 price objective on shares of Trex in a research note on Monday, March 3rd. Finally, Citigroup decreased their price objective on shares of Trex from $78.00 to $60.00 and set a "neutral" rating for the company in a research note on Friday, April 11th. Two investment analysts have rated the stock with a sell rating, eight have given a hold rating and eight have given a buy rating to the stock. According to MarketBeat, Trex has a consensus rating of "Hold" and an average target price of $77.18.

About Trex

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.