Trex Company, Inc. (NYSE:TREX) Shares Sold by Nuveen Asset Management LLC

Nuveen Asset Management LLC cut its holdings in Trex Company, Inc. (NYSE:TREX - Free Report) by 4.8% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 283,437 shares of the construction company's stock after selling 14,363 shares during the quarter. Nuveen Asset Management LLC owned approximately 0.26% of Trex worth $19,566,000 as of its most recent SEC filing.

A number of other hedge funds also recently bought and sold shares of TREX. Barclays PLC boosted its stake in Trex by 8.8% in the 3rd quarter. Barclays PLC now owns 149,623 shares of the construction company's stock worth $9,961,000 after purchasing an additional 12,085 shares in the last quarter. UMB Bank n.a. lifted its stake in shares of Trex by 33.4% in the 4th quarter. UMB Bank n.a. now owns 870 shares of the construction company's stock worth $60,000 after purchasing an additional 218 shares during the period. Ballentine Partners LLC lifted its stake in shares of Trex by 6.8% in the 4th quarter. Ballentine Partners LLC now owns 3,352 shares of the construction company's stock worth $231,000 after purchasing an additional 213 shares during the period. Atomi Financial Group Inc. purchased a new stake in Trex in the 4th quarter worth approximately $247,000. Finally, SG Americas Securities LLC increased its holdings in Trex by 298.5% in the 4th quarter. SG Americas Securities LLC now owns 6,137 shares of the construction company's stock worth $424,000 after acquiring an additional 4,597 shares in the last quarter. Institutional investors own 95.96% of the company's stock.

Trex Trading Up 0.0%

Shares of TREX stock traded up $0.02 during trading hours on Thursday, reaching $56.12. 174,380 shares of the company's stock were exchanged, compared to its average volume of 1,553,817. Trex Company, Inc. has a 1 year low of $49.01 and a 1 year high of $87.43. The stock has a market cap of $6.02 billion, a PE ratio of 25.63, a PEG ratio of 2.51 and a beta of 1.62. The stock's fifty day moving average price is $57.50 and its two-hundred day moving average price is $64.85.

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

Analyst Ratings Changes

A number of equities research analysts have issued reports on the stock. JPMorgan Chase & Co. cut their price objective on shares of Trex from $79.00 to $73.00 and set a "neutral" rating for the company in a report on Wednesday, March 5th. Citigroup lowered their price target on Trex from $78.00 to $60.00 and set a "neutral" rating for the company in a research report on Friday, April 11th. DA Davidson restated a "neutral" rating and issued a $74.00 price target on shares of Trex in a research report on Tuesday, February 25th. Deutsche Bank Aktiengesellschaft assumed coverage on shares of Trex in a research note on Tuesday, April 1st. They issued a "buy" rating and a $85.00 price target on the stock. Finally, Truist Financial reduced their price target on shares of Trex from $100.00 to $90.00 and set a "buy" rating on the stock in a research note on Tuesday, February 25th. Two equities research analysts have rated the stock with a sell rating, eight have issued a hold rating and eight have given a buy rating to the company. According to MarketBeat.com, Trex has a consensus rating of "Hold" and an average price target of $76.65.

Insider Buying and Selling

In other Trex news, SVP Amy M. Fernandez sold 2,366 shares of the business's stock in a transaction that occurred on Monday, May 12th. The stock was 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 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 sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, SVP Jacob T. Rudolph sold 1,500 shares of the business'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 completion of the transaction, the senior vice president now directly owns 27,527 shares of the company's stock, valued at $1,659,052.29. The trade was a 5.17% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 5,286 shares of company stock valued at $323,003 over the last quarter. 0.71% of the stock is currently 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.