Curbstone Financial Management Corp Has $1.45 Million Stake in Trex Company, Inc. (NYSE:TREX)

Curbstone Financial Management Corp trimmed its position in Trex Company, Inc. (NYSE:TREX - Free Report) by 14.7% during the first quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 24,920 shares of the construction company's stock after selling 4,300 shares during the quarter. Curbstone Financial Management Corp's holdings in Trex were worth $1,448,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently modified their holdings of TREX. Xponance Inc. lifted its position in Trex by 0.7% during the fourth quarter. Xponance Inc. now owns 21,605 shares of the construction company's stock worth $1,491,000 after acquiring an additional 143 shares during the last quarter. Principal Securities Inc. lifted its position in Trex by 5.0% during the fourth quarter. Principal Securities Inc. now owns 3,082 shares of the construction company's stock worth $213,000 after acquiring an additional 147 shares during the last quarter. Harrington Investments INC lifted its position in Trex by 1.8% during the fourth quarter. Harrington Investments INC now owns 9,106 shares of the construction company's stock worth $629,000 after acquiring an additional 159 shares during the last quarter. Bessemer Group Inc. lifted its position in Trex by 9.1% during the fourth quarter. Bessemer Group Inc. now owns 2,034 shares of the construction company's stock worth $140,000 after acquiring an additional 170 shares during the last quarter. Finally, CIBC Asset Management Inc lifted its position in Trex by 5.5% during the fourth quarter. CIBC Asset Management Inc now owns 3,335 shares of the construction company's stock worth $230,000 after acquiring an additional 175 shares during the last quarter. 95.96% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several equities research analysts have issued reports on the stock. DA Davidson restated a "neutral" rating and set a $74.00 price objective on shares of Trex in a research report on Tuesday, February 25th. Stephens cut their price objective on shares of Trex from $73.00 to $65.00 and set an "equal weight" rating for the company in a research report on Monday, May 12th. Truist Financial cut their price objective on shares of Trex from $100.00 to $90.00 and set a "buy" rating for the company in a research report on Tuesday, February 25th. Bank of America lowered their target price on shares of Trex from $85.00 to $79.00 and set a "buy" rating on the stock in a report on Tuesday, February 25th. Finally, UBS Group lowered their target price on shares of Trex from $74.00 to $72.00 and set a "neutral" rating on the stock in a report on Friday, May 9th. Two 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, Trex presently has a consensus rating of "Hold" and an average price target of $76.65.

Trex Price Performance

NYSE:TREX traded up $0.31 during mid-day trading on Thursday, reaching $57.04. The stock had a trading volume of 919,411 shares, compared to its average volume of 1,392,974. The stock has a 50-day simple moving average of $57.07 and a two-hundred day simple moving average of $63.73. The stock has a market capitalization of $6.12 billion, a PE ratio of 26.05, a P/E/G ratio of 2.51 and a beta of 1.52. Trex Company, Inc. has a 12 month low of $49.01 and a 12 month high of $86.90.

Trex (NYSE:TREX - Get Free Report) last announced its quarterly earnings data on Thursday, May 8th. The construction company reported $0.60 earnings per share (EPS) for the quarter, beating 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 net margin of 20.23% and a return on equity of 28.89%. The firm's quarterly revenue was down 9.0% compared to the same quarter last year. During the same period last year, the firm posted $0.82 earnings per share. Equities analysts expect that Trex Company, Inc. will post 2.04 EPS for the current year.

Insider Buying and Selling at Trex

In other Trex news, SVP Amy M. Fernandez sold 2,366 shares of the firm's stock in a transaction that occurred 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 sale, the senior vice president now owns 24,569 shares in the company, valued at $1,502,885.73. This trade represents a 8.78% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. Also, SVP Jacob T. Rudolph sold 1,500 shares of Trex 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 transaction, 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. Company insiders own 0.71% of the company's stock.

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.