Bokf Na Sells 6,418 Shares of Trex Company, Inc. (NYSE:TREX)

Bokf Na trimmed its stake in Trex Company, Inc. (NYSE:TREX - Free Report) by 47.0% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 7,240 shares of the construction company's stock after selling 6,418 shares during the period. Bokf Na's holdings in Trex were worth $467,000 at the end of the most recent reporting period.

Several other large investors have also bought and sold shares of TREX. Barclays PLC boosted its stake in shares of Trex by 8.8% in 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 acquired a new stake in Trex during the 3rd quarter worth about $30,000. GAMMA Investing LLC raised its position in shares of Trex by 274.9% in the 4th quarter. GAMMA Investing LLC now owns 701 shares of the construction company's stock worth $48,000 after acquiring an additional 514 shares in the last quarter. Eagle Bay Advisors LLC bought a new stake in shares of Trex during the 4th quarter valued at about $41,000. Finally, Claro Advisors LLC acquired a new stake in Trex during the fourth quarter worth approximately $220,000. 95.96% of the stock is owned by institutional investors.

Insider Buying and Selling

In other Trex news, Director Melkeya Mcduffie sold 1,420 shares of the firm's stock in a transaction on Friday, February 28th. The stock was sold at an average price of $61.88, for a total value of $87,869.60. Following the completion of the sale, the director now directly owns 1,705 shares of the company's stock, valued at $105,505.40. This trade represents a 45.44 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. 0.71% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on TREX shares. Bank of America cut their price target on Trex from $85.00 to $79.00 and set a "buy" rating on the stock in a report on Tuesday, February 25th. Deutsche Bank Aktiengesellschaft assumed coverage on shares of Trex in a report on Tuesday, April 1st. They issued a "buy" rating and a $85.00 price target for the company. Barclays cut their price objective on shares of Trex from $67.00 to $54.00 and set an "underweight" rating on the stock in a research report on Tuesday, April 8th. Truist Financial decreased their target price on Trex from $100.00 to $90.00 and set a "buy" rating for the company in a research report on Tuesday, February 25th. Finally, UBS Group cut their price target on Trex from $74.00 to $72.00 and set a "neutral" rating on the stock in a report on Friday. Two analysts have rated the stock with a sell rating, eight have issued a hold rating and eight have assigned a buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of "Hold" and an average target price of $77.06.

Trex Stock Down 0.9 %

Trex stock opened at $57.79 on Friday. Trex Company, Inc. has a 52 week low of $49.01 and a 52 week high of $92.02. The company's 50 day moving average price is $56.96 and its two-hundred day moving average price is $65.76. The stock has a market cap of $6.20 billion, a P/E ratio of 26.39, a P/E/G ratio of 2.51 and a beta of 1.62.

Trex (NYSE:TREX - Get Free Report) last posted its quarterly earnings data on Thursday, May 8th. The construction company reported $0.60 earnings per share for the quarter, topping the consensus estimate of $0.58 by $0.02. Trex had a return on equity of 28.89% and a net margin of 20.23%. The business had revenue of $339.99 million for the quarter, compared to analysts' expectations of $329.11 million. During the same quarter in the previous year, the firm earned $0.82 earnings per share. The business's revenue was down 9.0% on a year-over-year basis. On average, equities analysts anticipate that Trex Company, Inc. will post 2.04 EPS for the current year.

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.

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