Trex Company, Inc. (NYSE:TREX) Shares Bought by Green Alpha Advisors LLC

Green Alpha Advisors LLC lifted its position in Trex Company, Inc. (NYSE:TREX - Free Report) by 84.2% during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 19,355 shares of the construction company's stock after buying an additional 8,846 shares during the period. Trex makes up about 1.2% of Green Alpha Advisors LLC's portfolio, making the stock its 23rd largest position. Green Alpha Advisors LLC's holdings in Trex were worth $1,125,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of TREX. Alliancebernstein L.P. increased its holdings 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 acquiring an additional 3,818,025 shares in the last quarter. Wasatch Advisors LP grew its holdings in shares of Trex by 12.8% in the fourth quarter. Wasatch Advisors LP now owns 4,599,521 shares of the construction company's stock valued at $317,505,000 after purchasing an additional 523,113 shares during the period. Price T Rowe Associates Inc. MD grew its holdings in shares of Trex by 463.7% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 3,134,849 shares of the construction company's stock valued at $216,400,000 after purchasing an additional 2,578,734 shares during the period. Bamco Inc. NY grew its holdings in shares of Trex by 6.2% in the fourth quarter. Bamco Inc. NY now owns 2,153,133 shares of the construction company's stock valued at $148,631,000 after purchasing an additional 126,441 shares during the period. Finally, Balyasny Asset Management L.P. grew its holdings in shares of Trex by 86.3% in the fourth quarter. Balyasny Asset Management L.P. now owns 2,029,034 shares of the construction company's stock valued at $140,064,000 after purchasing an additional 939,960 shares during the period. Hedge funds and other institutional investors own 95.96% of the company's stock.

Insider Activity

In related news, SVP Amy M. Fernandez sold 2,366 shares of the business's stock in a transaction dated Monday, May 12th. The shares were sold at an average price of $61.17, for a total transaction of $144,728.22. Following the sale, the senior vice president now 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, SVP Jacob T. Rudolph sold 1,500 shares of the company's stock in a transaction dated Thursday, May 15th. The shares were sold at an average price of $60.27, for a total transaction of $90,405.00. Following the completion of the sale, the senior vice president now owns 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 Up 1.0%

NYSE:TREX traded up $0.59 during midday trading on Thursday, hitting $57.20. 403,686 shares of the company were exchanged, compared to its average volume of 1,375,041. The company has a market capitalization of $6.13 billion, a PE ratio of 26.12, a price-to-earnings-growth ratio of 2.51 and a beta of 1.52. Trex Company, Inc. has a fifty-two week low of $49.01 and a fifty-two week high of $87.43. The company has a fifty day simple moving average of $57.02 and a 200 day simple moving average of $64.30.

Trex (NYSE:TREX - Get Free Report) last posted its quarterly earnings data 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 company had revenue of $339.99 million for the quarter, compared to analyst estimates of $329.11 million. Trex had a net margin of 20.23% and a return on equity of 28.89%. Trex's quarterly revenue was down 9.0% on a year-over-year basis. During the same period in the previous year, the business posted $0.82 earnings per share. As a group, equities research analysts expect that Trex Company, Inc. will post 2.04 EPS for the current year.

Analyst Upgrades and Downgrades

TREX has been the subject of a number of analyst reports. Stephens dropped their price objective on shares of Trex from $73.00 to $65.00 and set an "equal weight" rating for the company in a report on Monday, May 12th. DA Davidson reaffirmed a "neutral" rating and issued a $74.00 target price on shares of Trex in a research report on Tuesday, February 25th. JPMorgan Chase & Co. decreased their target price on shares of Trex from $79.00 to $73.00 and set a "neutral" rating on the stock in a research report on Wednesday, March 5th. Truist Financial decreased their target price on shares of Trex from $100.00 to $90.00 and set a "buy" rating on the stock in a research report on Tuesday, February 25th. Finally, Wall Street Zen cut shares of Trex from a "hold" rating to a "sell" rating in a research report on Wednesday, March 5th. Two research analysts have rated the stock with a sell rating, eight have assigned a hold rating and eight have issued a buy rating to the company's stock. Based on data from MarketBeat.com, Trex currently has an average rating of "Hold" and an average price target of $76.65.

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.