Deutsche Bank AG Acquires 88,592 Shares of Trex Company, Inc. (NYSE:TREX)

Deutsche Bank AG raised its holdings in Trex Company, Inc. (NYSE:TREX - Free Report) by 31.6% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 368,814 shares of the construction company's stock after buying an additional 88,592 shares during the quarter. Deutsche Bank AG owned approximately 0.34% of Trex worth $25,459,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of TREX. Mather Group LLC. boosted its position in Trex by 73.5% during the 4th quarter. Mather Group LLC. now owns 451 shares of the construction company's stock worth $31,000 after purchasing an additional 191 shares during the period. Avior Wealth Management LLC lifted its position in Trex by 1,212.8% during the 4th quarter. Avior Wealth Management LLC now owns 512 shares of the construction company's stock worth $35,000 after acquiring an additional 473 shares in the last quarter. Huntington National Bank boosted its holdings in Trex by 227.2% in the 4th quarter. Huntington National Bank now owns 566 shares of the construction company's stock worth $39,000 after acquiring an additional 393 shares during the period. V Square Quantitative Management LLC grew its position in Trex by 47.4% in the fourth quarter. V Square Quantitative Management LLC now owns 628 shares of the construction company's stock valued at $43,000 after acquiring an additional 202 shares in the last quarter. Finally, UMB Bank n.a. raised its stake in shares of Trex by 33.4% during the fourth quarter. UMB Bank n.a. now owns 870 shares of the construction company's stock valued at $60,000 after purchasing an additional 218 shares during the period. Institutional investors and hedge funds own 95.96% of the company's stock.

Trex Trading Down 0.0%

NYSE:TREX traded down $0.01 during trading hours on Tuesday, hitting $60.59. 70,475 shares of the company traded hands, compared to its average volume of 1,341,580. The stock has a market capitalization of $6.50 billion, a price-to-earnings ratio of 27.66, a P/E/G ratio of 2.51 and a beta of 1.62. The firm has a 50-day moving average of $57.55 and a 200 day moving average of $65.46. Trex Company, Inc. has a twelve month low of $49.01 and a twelve month high of $88.87.

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

Analysts Set New Price Targets

A number of equities analysts have commented on the stock. 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 objective on the stock. Citigroup reduced their price target on Trex from $78.00 to $60.00 and set a "neutral" rating for the company in a report on Friday, April 11th. Stephens dropped their price objective on Trex from $73.00 to $65.00 and set an "equal weight" rating on the stock in a report on Monday, May 12th. BMO Capital Markets raised Trex from a "market perform" rating to an "outperform" rating and set a $72.00 target price on the stock in a research report on Thursday, April 17th. Finally, JPMorgan Chase & Co. decreased their price target on shares of Trex from $79.00 to $73.00 and set a "neutral" rating for the company in a research report on Wednesday, March 5th. Two investment analysts have rated the stock with a sell rating, eight have given a hold rating and eight have issued a buy rating to the company's stock. According to MarketBeat.com, the company presently has a consensus rating of "Hold" and an average price target of $76.65.

Insider Buying and Selling

In related news, Director Melkeya Mcduffie sold 1,420 shares of the business's stock in a transaction on 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 of the company's stock, valued at approximately $105,505.40. The trade was a 45.44% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, SVP Amy M. Fernandez sold 2,366 shares of the company's stock in a transaction on Monday, May 12th. The stock was sold at an average price of $61.17, for a total transaction of $144,728.22. Following the completion of the transaction, the senior vice president now directly owns 24,569 shares of the company's stock, valued at approximately $1,502,885.73. The trade was a 8.78% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 5,286 shares of company stock worth $323,003 in the last quarter. Insiders own 0.71% of the company's stock.

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.