Trex Company, Inc. (NYSE:TREX) Shares Sold by Bank Julius Baer & Co. Ltd Zurich

Bank Julius Baer & Co. Ltd Zurich cut its holdings in Trex Company, Inc. (NYSE:TREX - Free Report) by 88.6% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 1,770 shares of the construction company's stock after selling 13,725 shares during the period. Bank Julius Baer & Co. Ltd Zurich's holdings in Trex were worth $103,000 as of its most recent SEC filing.

Several other hedge funds also recently bought and sold shares of TREX. Universal Beteiligungs und Servicegesellschaft mbH bought a new position in Trex in the first quarter worth about $1,748,000. Larson Financial Group LLC raised its stake in shares of Trex by 42.5% in the first quarter. Larson Financial Group LLC now owns 5,006 shares of the construction company's stock worth $291,000 after buying an additional 1,493 shares during the period. Edgestream Partners L.P. bought a new position in shares of Trex in the first quarter worth about $809,000. Louisiana State Employees Retirement System boosted its stake in shares of Trex by 1.0% in the first quarter. Louisiana State Employees Retirement System now owns 30,000 shares of the construction company's stock worth $1,743,000 after acquiring an additional 300 shares during the period. Finally, Stephens Investment Management Group LLC lifted its position in shares of Trex by 0.3% in the first quarter. Stephens Investment Management Group LLC now owns 745,414 shares of the construction company's stock worth $43,309,000 after buying an additional 2,538 shares in the last quarter. Hedge funds and other institutional investors own 95.96% of the company's stock.

Insider Buying and Selling

In other Trex news, SVP Amy M. Fernandez sold 2,366 shares of the business's stock in a transaction dated Monday, May 12th. The stock was sold at an average price of $61.17, for a total value of $144,728.22. Following the completion of the transaction, the senior vice president owned 24,569 shares of the company's stock, valued at approximately $1,502,885.73. The trade was a 8.78% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, SVP Jacob T. Rudolph sold 1,500 shares of Trex stock in a transaction dated Thursday, May 15th. The shares were 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. The trade was a 5.17% decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.71% of the stock is currently owned by company insiders.

Analyst Ratings Changes

Several equities analysts recently commented on the stock. Barclays cut their price target on shares of Trex from $67.00 to $54.00 and set an "underweight" rating on the stock in a report on Tuesday, April 8th. BMO Capital Markets raised Trex from a "market perform" rating to an "outperform" rating and set a $72.00 target price for the company in a report on Thursday, April 17th. Benchmark reiterated a "buy" rating and set a $80.00 price objective on shares of Trex in a research note on Monday, May 12th. Robert W. Baird upgraded Trex from a "neutral" rating to an "outperform" rating and upped their price target for the company from $65.00 to $75.00 in a research report on Thursday, July 10th. Finally, Citigroup lowered their price objective on shares of Trex from $78.00 to $60.00 and set a "neutral" rating for the company in a research report on Friday, April 11th. Two research analysts have rated the stock with a sell rating, seven have assigned a hold rating, seven have given a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat.com, Trex presently has an average rating of "Moderate Buy" and an average price target of $74.88.

Trex Price Performance

Trex stock traded up $0.62 during mid-day trading on Friday, hitting $68.46. 1,118,687 shares of the company's stock traded hands, compared to its average volume of 1,689,235. The stock has a market cap of $7.34 billion, a price-to-earnings ratio of 37.62, a P/E/G ratio of 2.86 and a beta of 1.50. The firm has a 50 day simple moving average of $58.18 and a two-hundred day simple moving average of $60.67. Trex Company, Inc. has a fifty-two week low of $49.01 and a fifty-two week high of $86.56.

Trex (NYSE:TREX - Get Free Report) last posted its earnings results on Thursday, May 8th. The construction company reported $0.60 EPS for the quarter, topping analysts' consensus estimates 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 net margin of 17.69% and a return on equity of 22.78%. The business's revenue for the quarter was down 9.0% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.82 earnings per share. On average, research analysts anticipate that Trex Company, Inc. will post 2.04 earnings per share for the current fiscal year.

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.