Trillium Asset Management LLC Has $12.83 Million Stake in Trex Company, Inc. (NYSE:TREX)

Key Points

• Trillium Asset Management LLC has increased its stake in Trex Company, Inc. by 6.4%, now owning approximately $12.83 million worth of shares.
• Various institutional investors have also boosted their holdings in Trex, with Price T Rowe Associates increasing its stake by an impressive 463.7% during the last quarter.
• Trex recently reported $0.74 earnings per share, surpassing analysts' expectations, and has shown a 3.0% year-over-year increase in revenue.

Trillium Asset Management LLC increased its position in shares of Trex Company, Inc. (NYSE:TREX - Free Report) by 6.4% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 220,746 shares of the construction company's stock after acquiring an additional 13,278 shares during the quarter. Trillium Asset Management LLC owned about 0.21% of Trex worth $12,826,000 as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. Blue Trust Inc. lifted its stake in Trex by 55.9% in the first quarter. Blue Trust Inc. now owns 1,138 shares of the construction company's stock valued at $66,000 after buying an additional 408 shares in the last quarter. GAMMA Investing LLC lifted its stake in Trex by 137.7% in the first quarter. GAMMA Investing LLC now owns 1,666 shares of the construction company's stock valued at $97,000 after buying an additional 965 shares in the last quarter. Bessemer Group Inc. lifted its stake in Trex by 9.1% in the fourth quarter. Bessemer Group Inc. now owns 2,034 shares of the construction company's stock valued at $140,000 after buying an additional 170 shares in the last quarter. Baader Bank Aktiengesellschaft bought a new position in Trex in the first quarter valued at approximately $216,000. Finally, Jefferies Financial Group Inc. bought a new position in Trex in the first quarter valued at approximately $218,000. Institutional investors own 95.96% of the company's stock.

Wall Street Analyst Weigh In

A number of analysts have recently commented on the stock. Baird R W raised shares of Trex from a "hold" rating to a "strong-buy" rating in a research report on Thursday, July 10th. Benchmark restated a "buy" rating and set a $80.00 target price on shares of Trex in a report on Monday, May 12th. BMO Capital Markets upgraded shares of Trex from a "market perform" rating to an "outperform" rating and set a $72.00 price objective on the stock in a report on Thursday, April 17th. Robert W. Baird upgraded shares of Trex from a "neutral" rating to an "outperform" rating and upped their price target for the company from $65.00 to $75.00 in a research note on Thursday, July 10th. Finally, B. Riley upgraded shares of Trex to a "strong-buy" rating in a research note on Monday, July 21st. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating, six have assigned a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $71.93.

Trex Stock Performance

Shares of Trex stock traded down $1.91 on Friday, hitting $63.09. The stock had a trading volume of 1,297,965 shares, compared to its average volume of 1,616,799. The firm has a market capitalization of $6.77 billion, a P/E ratio of 36.47, a PEG ratio of 2.75 and a beta of 1.51. The stock has a 50 day moving average of $60.21 and a 200 day moving average of $60.04. Trex Company, Inc. has a twelve month low of $49.01 and a twelve month high of $80.74.

Trex (NYSE:TREX - Get Free Report) last released its earnings results on Monday, August 4th. The construction company reported $0.74 earnings per share for the quarter, beating analysts' consensus estimates of $0.72 by $0.02. The business had revenue of $387.80 million during the quarter, compared to the consensus estimate of $377.49 million. Trex had a net margin of 16.53% and a return on equity of 21.27%. The company's revenue for the quarter was up 3.0% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.80 EPS. Equities analysts expect that Trex Company, Inc. will post 2.04 earnings per share for the current year.

Insiders Place Their Bets

In other Trex news, SVP Amy M. Fernandez sold 1,538 shares of the stock in a transaction that occurred on Wednesday, August 6th. The shares were sold at an average price of $64.18, for a total transaction of $98,708.84. Following the completion of the sale, the senior vice president owned 22,953 shares of the company's stock, valued at approximately $1,473,123.54. This represents a 6.28% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Corporate 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.