UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Buys 11,845 Shares of Trex Company, Inc. (NYSE:TREX)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its holdings in shares of Trex Company, Inc. (NYSE:TREX - Free Report) by 3.3% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 373,986 shares of the construction company's stock after purchasing an additional 11,845 shares during the quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned 0.35% of Trex worth $25,816,000 as of its most recent SEC filing.

Other hedge funds have also added to or reduced their stakes in the company. Pictet Asset Management Holding SA grew its stake in shares of Trex by 7.1% during 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 last quarter. SG Americas Securities LLC increased its position in shares of Trex by 298.5% during the fourth quarter. SG Americas Securities LLC now owns 6,137 shares of the construction company's stock worth $424,000 after buying an additional 4,597 shares during the period. Stephens Inc. AR lifted its holdings in Trex by 10.6% in the fourth quarter. Stephens Inc. AR now owns 6,294 shares of the construction company's stock valued at $434,000 after buying an additional 601 shares during the period. Rhumbline Advisers lifted its holdings in Trex by 2.2% in the fourth quarter. Rhumbline Advisers now owns 328,954 shares of the construction company's stock valued at $22,708,000 after buying an additional 7,163 shares during the period. Finally, Barclays PLC lifted its holdings in Trex by 8.8% in the third quarter. Barclays PLC now owns 149,623 shares of the construction company's stock valued at $9,961,000 after buying an additional 12,085 shares during the period. 95.96% of the stock is owned by institutional investors.

Trex Price Performance

NYSE TREX traded down $0.55 during trading hours on Friday, reaching $55.87. 1,246,692 shares of the company's stock traded hands, compared to its average volume of 1,365,282. The firm has a market cap of $5.99 billion, a PE ratio of 25.51, a PEG ratio of 2.51 and a beta of 1.62. Trex Company, Inc. has a 52-week low of $49.01 and a 52-week high of $87.43. The firm has a 50-day simple moving average of $57.39 and a 200 day simple moving average of $64.73.

Trex (NYSE:TREX - Get Free Report) last announced its quarterly 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 net margin of 20.23% and a return on equity of 28.89%. The firm had revenue of $339.99 million during the quarter, compared to analyst estimates of $329.11 million. During the same period in the previous year, the business posted $0.82 earnings per share. The business's revenue for the quarter was down 9.0% on a year-over-year basis. Sell-side analysts forecast that Trex Company, Inc. will post 2.04 EPS for the current fiscal year.

Insider Buying and Selling at Trex

In other Trex news, SVP Jacob T. Rudolph sold 1,500 shares of the company's stock in a transaction that occurred on Thursday, May 15th. The stock was 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 in the company, valued at $1,659,052.29. This represents a 5.17% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, SVP Amy M. Fernandez sold 2,366 shares of the business's stock in a transaction on Monday, May 12th. The stock was sold at an average price of $61.17, for a total transaction of $144,728.22. Following the completion of the transaction, the senior vice president now directly owns 24,569 shares in the company, valued at $1,502,885.73. This trade represents a 8.78% decrease in their position. The disclosure for this sale can be found here. 0.71% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on the stock. Benchmark reiterated a "buy" rating and set a $80.00 price objective on shares of Trex in a report on Monday, May 12th. JPMorgan Chase & Co. dropped their price objective on shares of Trex from $79.00 to $73.00 and set a "neutral" rating on the stock in a report on Wednesday, March 5th. Stephens dropped their price objective on shares of Trex from $73.00 to $65.00 and set an "equal weight" rating on the stock in a report on Monday, May 12th. Barclays lowered their target price on shares of Trex from $67.00 to $54.00 and set an "underweight" rating on the stock in a report on Tuesday, April 8th. Finally, Deutsche Bank Aktiengesellschaft initiated coverage on shares of Trex in a report on Tuesday, April 1st. They issued a "buy" rating and a $85.00 target price on the stock. Two analysts have rated the stock with a sell rating, eight have given a hold rating and eight have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, the company has an average rating of "Hold" and an average target price of $76.65.

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.