NBC Securities Inc. Raises Stock Position in Trex Company, Inc. (NYSE:TREX)

NBC Securities Inc. lifted its stake in shares of Trex Company, Inc. (NYSE:TREX - Free Report) by 122,070.0% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 12,217 shares of the construction company's stock after buying an additional 12,207 shares during the period. NBC Securities Inc.'s holdings in Trex were worth $709,000 at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. Alliancebernstein L.P. grew its position in Trex by 54.5% during the fourth quarter. Alliancebernstein L.P. now owns 10,819,326 shares of the construction company's stock valued at $746,858,000 after buying an additional 3,818,025 shares during the period. Price T Rowe Associates Inc. MD grew 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 valued at $216,400,000 after acquiring an additional 2,578,734 shares during the period. AustralianSuper Pty Ltd purchased a new stake in shares of Trex during the 4th quarter worth approximately $110,414,000. Anomaly Capital Management LP increased its stake 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. Finally, Balyasny Asset Management L.P. raised its holdings in shares of Trex by 86.3% in 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 period. Institutional investors own 95.96% of the company's stock.

Analyst Upgrades and Downgrades

A number of analysts have issued reports on TREX shares. UBS Group decreased 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. Benchmark reaffirmed a "buy" rating and issued a $80.00 price target on shares of Trex in a report on Monday, May 12th. Wall Street Zen cut shares of Trex from a "hold" rating to a "sell" rating in a research note on Wednesday, March 5th. Deutsche Bank Aktiengesellschaft began coverage on Trex in a research note on Tuesday, April 1st. They issued a "buy" rating and a $85.00 target price on the stock. Finally, Barclays lowered their price objective on shares of Trex from $67.00 to $54.00 and set an "underweight" rating on the stock in a research report on Tuesday, April 8th. Two equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating and eight have given a buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of "Hold" and an average target price of $76.65.

Insider Buying and Selling at Trex

In other news, SVP Jacob T. Rudolph sold 1,500 shares of the firm's stock in a transaction on Thursday, May 15th. The stock was sold at an average price of $60.27, for a total transaction of $90,405.00. Following the completion of the transaction, the senior vice president now directly owns 27,527 shares in the company, valued at $1,659,052.29. This trade represents a 5.17% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, SVP Amy M. Fernandez sold 2,366 shares of the company's stock in a transaction dated Monday, May 12th. The stock was sold at an average price of $61.17, for a total transaction of $144,728.22. Following the completion of the transaction, the senior vice president now owns 24,569 shares in the company, valued at approximately $1,502,885.73. The trade was a 8.78% 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 0.1%

Shares of TREX stock traded up $0.08 during mid-day trading on Friday, reaching $56.67. The stock had a trading volume of 1,133,037 shares, compared to its average volume of 1,378,028. The firm has a market capitalization of $6.08 billion, a PE ratio of 25.88, a price-to-earnings-growth ratio of 2.51 and a beta of 1.52. The stock's 50-day moving average price is $56.99 and its two-hundred day moving average price is $64.22. Trex Company, Inc. has a 52-week low of $49.01 and a 52-week high of $87.43.

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