BNP Paribas Financial Markets Has $2 Million Stock Holdings in Trex Company, Inc. (NYSE:TREX)

BNP Paribas Financial Markets decreased its position in Trex Company, Inc. (NYSE:TREX - Free Report) by 80.6% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 28,952 shares of the construction company's stock after selling 120,635 shares during the period. BNP Paribas Financial Markets' holdings in Trex were worth $1,999,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently bought and sold shares of the company. Alliancebernstein L.P. grew its position in Trex by 54.5% in the 4th quarter. Alliancebernstein L.P. now owns 10,819,326 shares of the construction company's stock worth $746,858,000 after purchasing an additional 3,818,025 shares during the last quarter. Wasatch Advisors LP lifted its stake in shares of Trex by 12.8% in the 4th quarter. Wasatch Advisors LP now owns 4,599,521 shares of the construction company's stock worth $317,505,000 after acquiring an additional 523,113 shares during the period. Price T Rowe Associates Inc. MD lifted its stake in shares of Trex by 463.7% in 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 acquiring an additional 2,578,734 shares during the period. Conestoga Capital Advisors LLC lifted its stake in shares of Trex by 0.9% in the 4th quarter. Conestoga Capital Advisors LLC now owns 1,967,748 shares of the construction company's stock worth $135,834,000 after acquiring an additional 17,405 shares during the period. Finally, AustralianSuper Pty Ltd acquired a new stake in shares of Trex in the 4th quarter worth approximately $110,414,000. Institutional investors own 95.96% of the company's stock.

Analyst Ratings Changes

A number of analysts have recently weighed in on TREX shares. Barclays reduced their price target on shares of Trex from $67.00 to $54.00 and set an "underweight" rating for the company in a research note on Tuesday, April 8th. Stephens reduced their price target on shares of Trex from $73.00 to $65.00 and set an "equal weight" rating for the company in a research note on Monday, May 12th. Truist Financial reduced their price target on shares of Trex from $100.00 to $90.00 and set a "buy" rating for the company in a research note on Tuesday, February 25th. Deutsche Bank Aktiengesellschaft started coverage on shares of Trex in a research note on Tuesday, April 1st. They issued a "buy" rating and a $85.00 price target for the company. Finally, UBS Group reduced their price target on shares of Trex from $74.00 to $72.00 and set a "neutral" rating for the company in a research note on Friday, May 9th. Two research analysts have rated the stock with a sell rating, eight have assigned a hold rating and eight have assigned a buy rating to the company. According to MarketBeat.com, Trex has a consensus rating of "Hold" and a consensus price target of $76.65.

Trex Trading Down 0.4%

TREX stock traded down $0.22 on Friday, hitting $56.96. 898,605 shares of the company's stock traded hands, compared to its average volume of 1,356,840. Trex Company, Inc. has a 1-year low of $49.01 and a 1-year high of $88.84. The stock has a fifty day moving average of $57.65 and a 200-day moving average of $65.17. The stock has a market cap of $6.11 billion, a price-to-earnings ratio of 26.01, a P/E/G ratio of 2.51 and a beta of 1.62.

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

Insider Activity

In other Trex news, SVP Jacob T. Rudolph sold 1,500 shares of the company's stock in a transaction that occurred on 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 now owns 27,527 shares in the company, valued at approximately $1,659,052.29. This represents a 5.17% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Melkeya Mcduffie sold 1,420 shares of the company's stock in a transaction that occurred on Friday, February 28th. The shares were sold at an average price of $61.88, for a total transaction of $87,869.60. Following the completion of the transaction, the director now owns 1,705 shares in the company, valued at approximately $105,505.40. This represents a 45.44% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 5,286 shares of company stock worth $323,003 over the last 90 days. 0.71% of the stock is owned by company insiders.

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.