Trex Company, Inc. (NYSE:TREX) Stock Holdings Boosted by NBC Securities Inc.

NBC Securities Inc. lifted its stake in Trex Company, Inc. (NYSE:TREX - Free Report) by 122,070.0% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm 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 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently modified their holdings of the company. Pictet Asset Management Holding SA boosted its position in shares of Trex by 7.1% in the fourth quarter. Pictet Asset Management Holding SA now owns 14,538 shares of the construction company's stock worth $1,004,000 after buying an additional 969 shares during the period. Stephens Inc. AR boosted its position in shares of Trex by 10.6% in the fourth quarter. Stephens Inc. AR now owns 6,294 shares of the construction company's stock worth $434,000 after buying an additional 601 shares during the period. Rhumbline Advisers boosted its position in shares of Trex by 2.2% in the fourth quarter. Rhumbline Advisers now owns 328,954 shares of the construction company's stock worth $22,708,000 after buying an additional 7,163 shares during the period. Charles Schwab Investment Management Inc. boosted its position in shares of Trex by 2.7% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 926,624 shares of the construction company's stock worth $63,965,000 after buying an additional 24,554 shares during the period. Finally, Boston Trust Walden Corp purchased a new stake in shares of Trex in the fourth quarter worth about $207,000. Hedge funds and other institutional investors own 95.96% of the company's stock.

Trex Trading Up 0.1%

NYSE TREX traded up $0.08 on Friday, hitting $56.67. 1,133,037 shares of the stock traded hands, compared to its average volume of 1,383,955. The stock has a 50-day moving average of $56.96 and a 200 day moving average of $64.07. Trex Company, Inc. has a twelve month low of $49.01 and a twelve month high of $87.43. The company has a market capitalization of $6.08 billion, a P/E ratio of 25.88, a price-to-earnings-growth ratio of 2.51 and a beta of 1.52.

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

Wall Street Analysts Forecast Growth

Several brokerages have recently weighed in on TREX. Deutsche Bank Aktiengesellschaft began coverage on Trex in a research report on Tuesday, April 1st. They issued a "buy" rating and a $85.00 target price for the company. Benchmark reissued a "buy" rating and issued a $80.00 price target on shares of Trex in a report on Monday, May 12th. Citigroup reduced their price target on Trex from $78.00 to $60.00 and set a "neutral" rating for the company in a report on Friday, April 11th. BMO Capital Markets raised Trex from a "market perform" rating to an "outperform" rating and set a $72.00 price target for the company in a report on Thursday, April 17th. Finally, Bank of America reduced their price target on Trex from $85.00 to $79.00 and set a "buy" rating for the company in a report on Tuesday, February 25th. Two research analysts have rated the stock with a sell rating, eight have issued a hold rating and eight have issued a buy rating to the company's stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and an average target price of $76.65.

Insider Activity at Trex

In other Trex news, SVP Jacob T. Rudolph sold 1,500 shares of the 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 of the company's stock, valued at approximately $1,659,052.29. This trade represents a 5.17% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, SVP Amy M. Fernandez sold 2,366 shares of the 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 transaction, the senior vice president now directly 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 disclosure for this sale can be found here. 0.71% of the stock is owned by insiders.

About Trex

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.