Focus Partners Wealth Makes New $522,000 Investment in Trex Company, Inc. (NYSE:TREX)

Focus Partners Wealth bought a new stake in Trex Company, Inc. (NYSE:TREX - Free Report) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor bought 7,568 shares of the construction company's stock, valued at approximately $522,000.

Several other institutional investors have also added to or reduced their stakes in the stock. Xponance Inc. boosted its holdings in Trex by 0.7% in the fourth quarter. Xponance Inc. now owns 21,605 shares of the construction company's stock valued at $1,491,000 after acquiring an additional 143 shares during the last quarter. Principal Securities Inc. boosted its holdings in shares of Trex by 5.0% during the 4th quarter. Principal Securities Inc. now owns 3,082 shares of the construction company's stock worth $213,000 after buying an additional 147 shares in the last quarter. Pacer Advisors Inc. boosted its holdings in shares of Trex by 0.9% during the 4th quarter. Pacer Advisors Inc. now owns 15,970 shares of the construction company's stock worth $1,102,000 after buying an additional 148 shares in the last quarter. Harrington Investments INC boosted its holdings in shares of Trex by 1.8% during the 4th quarter. Harrington Investments INC now owns 9,106 shares of the construction company's stock worth $629,000 after buying an additional 159 shares in the last quarter. Finally, Bessemer Group Inc. boosted its holdings in shares of Trex by 9.1% during the 4th quarter. Bessemer Group Inc. now owns 2,034 shares of the construction company's stock worth $140,000 after buying an additional 170 shares in the last quarter. 95.96% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on TREX shares. Barclays cut their price target on Trex from $67.00 to $54.00 and set an "underweight" rating on the stock in a report on Tuesday, April 8th. 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. Jefferies Financial Group cut their price target on Trex from $81.00 to $71.00 and set a "hold" rating on the stock in a report on Tuesday, February 25th. 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, May 9th. Finally, Truist Financial cut their price target on Trex from $100.00 to $90.00 and set a "buy" rating on the stock in a report on Tuesday, February 25th. 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 stock. According to MarketBeat, the company currently has an average rating of "Hold" and a consensus target price of $76.65.

Trex Stock Down 0.4%

NYSE TREX traded down $0.22 on Friday, reaching $56.96. The company had a trading volume of 898,605 shares, compared to its average volume of 1,356,840. The stock has a market capitalization of $6.11 billion, a P/E ratio of 26.01, a P/E/G ratio of 2.51 and a beta of 1.62. The company's fifty day moving average is $57.65 and its 200 day moving average is $65.17. Trex Company, Inc. has a 52-week low of $49.01 and a 52-week high of $88.84.

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

Insider Activity at Trex

In related news, SVP Amy M. Fernandez sold 2,366 shares of the company's stock in a transaction on Monday, May 12th. The shares were 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 now directly owns 24,569 shares in the company, valued at approximately $1,502,885.73. The trade was a 8.78% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Melkeya Mcduffie sold 1,420 shares of the business's stock in a transaction on Friday, February 28th. The stock was sold at an average price of $61.88, for a total transaction 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 represents a 45.44% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 5,286 shares of company stock valued at $323,003. 0.71% of the stock is owned by insiders.

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.