Yarbrough Capital LLC Sells 7,334 Shares of Trex Company, Inc. (NYSE:TREX)

Yarbrough Capital LLC decreased its stake in Trex Company, Inc. (NYSE:TREX - Free Report) by 62.1% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 4,476 shares of the construction company's stock after selling 7,334 shares during the period. Yarbrough Capital LLC's holdings in Trex were worth $260,000 at the end of the most recent quarter.

Other hedge funds also recently modified their holdings of the company. Mather Group LLC. grew its holdings in shares of Trex by 73.5% in the 4th quarter. Mather Group LLC. now owns 451 shares of the construction company's stock valued at $31,000 after acquiring an additional 191 shares in the last quarter. Huntington National Bank grew its holdings in Trex by 227.2% during the fourth quarter. Huntington National Bank now owns 566 shares of the construction company's stock worth $39,000 after purchasing an additional 393 shares during the period. V Square Quantitative Management LLC grew its holdings in Trex by 47.4% during the fourth quarter. V Square Quantitative Management LLC now owns 628 shares of the construction company's stock worth $43,000 after purchasing an additional 202 shares during the period. Resona Asset Management Co. Ltd. bought a new position in Trex during the fourth quarter worth about $122,000. Finally, Bessemer Group Inc. grew its holdings 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 purchasing an additional 170 shares during the period. Institutional investors own 95.96% of the company's stock.

Insider Activity

In other Trex news, 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 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. The trade was a 5.17% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, SVP Amy M. Fernandez sold 2,366 shares of the business'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 transaction of $144,728.22. Following the transaction, the senior vice president now owns 24,569 shares of the company's stock, valued at approximately $1,502,885.73. This represents 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 company insiders.

Analysts Set New Price Targets

A number of equities analysts recently commented on TREX shares. Deutsche Bank Aktiengesellschaft started coverage on Trex in a report on Tuesday, April 1st. They set a "buy" rating and a $85.00 price target for the company. Wall Street Zen cut Trex from a "hold" rating to a "sell" rating in a report on Wednesday, March 5th. 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. Truist Financial reduced their price target on Trex from $100.00 to $90.00 and set a "buy" rating for the company in a report on Tuesday, February 25th. Finally, JPMorgan Chase & Co. reduced their price target on Trex from $79.00 to $73.00 and set a "neutral" rating for the company in a report on Wednesday, March 5th. Two 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. Based on data from MarketBeat.com, the company currently has an average rating of "Hold" and an average price target of $76.65.

Trex Stock Performance

Shares of NYSE TREX traded up $0.08 during midday trading on Friday, reaching $56.67. The company's stock had a trading volume of 1,133,037 shares, compared to its average volume of 1,383,955. Trex Company, Inc. has a fifty-two week low of $49.01 and a fifty-two week high of $87.43. The business's 50 day moving average price is $56.96 and its two-hundred day moving average price is $64.11. The company has a market cap of $6.08 billion, a P/E ratio of 25.88, a P/E/G ratio of 2.51 and a beta of 1.52.

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