Universal Beteiligungs und Servicegesellschaft mbH Takes $1.75 Million Position in Trex Company, Inc. (NYSE:TREX)

Key Points

• Universal Beteiligungs und Servicegesellschaft mbH acquired 30,083 shares of Trex Company, Inc. (NYSE:TREX) worth approximately $1.75 million during the first quarter.
• Institutional investors and hedge funds now own 95.96% of Trex's stock, with several making significant changes to their positions in recent quarters.
• Trex's stock has been rated as a "Moderate Buy" by analysts, with an average price target of $74.88, following recent upgrades by BMO Capital Markets and Robert W. Baird.

Universal Beteiligungs und Servicegesellschaft mbH acquired a new stake in shares of Trex Company, Inc. (NYSE:TREX - Free Report) during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 30,083 shares of the construction company's stock, valued at approximately $1,748,000.

Several other hedge funds have also recently modified their holdings of TREX. Price T Rowe Associates Inc. MD increased its position in shares of Trex by 463.7% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 3,134,849 shares of the construction company's stock worth $216,400,000 after purchasing an additional 2,578,734 shares during the last quarter. Anomaly Capital Management LP increased its position in shares of Trex by 228.2% during the 4th quarter. Anomaly Capital Management LP now owns 1,512,783 shares of the construction company's stock worth $104,427,000 after purchasing an additional 1,051,888 shares during the last quarter. Balyasny Asset Management L.P. increased its position in shares of Trex by 86.3% during the 4th quarter. Balyasny Asset Management L.P. now owns 2,029,034 shares of the construction company's stock worth $140,064,000 after purchasing an additional 939,960 shares during the last quarter. Point72 Asset Management L.P. increased its position in shares of Trex by 87.4% during the 4th quarter. Point72 Asset Management L.P. now owns 1,916,134 shares of the construction company's stock worth $132,271,000 after purchasing an additional 893,675 shares during the last quarter. Finally, Norges Bank acquired a new stake in shares of Trex during the 4th quarter worth about $54,084,000. Institutional investors and hedge funds own 95.96% of the company's stock.

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on TREX. Baird R W raised Trex from a "hold" rating to a "strong-buy" rating in a research report on Thursday, July 10th. UBS Group dropped their target price on Trex from $74.00 to $72.00 and set a "neutral" rating for the company in a research report on Friday, May 9th. Citigroup dropped their target price on Trex from $78.00 to $60.00 and set a "neutral" rating for the company in a research report on Friday, April 11th. Loop Capital lifted their target price on Trex from $62.00 to $66.00 and gave the company a "hold" rating in a research report on Thursday, July 10th. Finally, B. Riley upgraded Trex to a "strong-buy" rating in a research note on Monday, July 21st. Two equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating, seven have assigned a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $74.88.

Insider Activity at Trex

In other Trex news, SVP Amy M. Fernandez sold 2,366 shares of Trex stock in a transaction that occurred 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 transaction, the senior vice president owned 24,569 shares of the company's stock, valued at $1,502,885.73. The trade was a 8.78% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, SVP Jacob T. Rudolph sold 1,500 shares of Trex stock in a transaction that occurred on Thursday, May 15th. The stock was sold at an average price of $60.27, for a total value of $90,405.00. Following the transaction, the senior vice president directly owned 27,527 shares in the company, valued at approximately $1,659,052.29. This trade represents a 5.17% decrease in their position. The disclosure for this sale can be found here. Insiders own 0.71% of the company's stock.

Trex Trading Down 1.1%

TREX stock traded down $0.68 during trading on Friday, hitting $63.56. 1,525,275 shares of the company's stock were exchanged, compared to its average volume of 1,432,934. The business has a 50-day moving average price of $59.07 and a two-hundred day moving average price of $60.59. The stock has a market capitalization of $6.82 billion, a price-to-earnings ratio of 34.92, a PEG ratio of 2.67 and a beta of 1.51. Trex Company, Inc. has a 52-week low of $49.01 and a 52-week high of $80.74.

Trex (NYSE:TREX - Get Free Report) last posted its earnings results 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. The firm had revenue of $339.99 million during the quarter, compared to analysts' expectations of $329.11 million. Trex had a return on equity of 22.78% and a net margin of 17.69%. The firm's revenue was down 9.0% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.82 earnings per share. On average, equities research analysts anticipate that Trex Company, Inc. will post 2.04 earnings per share for the current fiscal year.

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.