Jacobs Levy Equity Management Inc. Has $61.17 Million Stock Holdings in Trex Company, Inc. (NYSE:TREX)

Jacobs Levy Equity Management Inc. increased its stake in shares of Trex Company, Inc. (NYSE:TREX - Free Report) by 3.8% during the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 886,097 shares of the construction company's stock after acquiring an additional 32,477 shares during the period. Jacobs Levy Equity Management Inc. owned 0.83% of Trex worth $61,167,000 as of its most recent filing with the SEC.

Other hedge funds have also made changes to their positions in the company. Xponance Inc. grew its holdings in Trex by 0.7% in the 4th quarter. Xponance Inc. now owns 21,605 shares of the construction company's stock valued at $1,491,000 after buying an additional 143 shares during the last quarter. Principal Securities Inc. grew its holdings in Trex by 5.0% in the 4th quarter. Principal Securities Inc. now owns 3,082 shares of the construction company's stock valued at $213,000 after buying an additional 147 shares during the last quarter. Pacer Advisors Inc. grew its holdings in Trex by 0.9% in the 4th quarter. Pacer Advisors Inc. now owns 15,970 shares of the construction company's stock valued at $1,102,000 after buying an additional 148 shares during the last quarter. Harrington Investments INC grew its holdings in Trex by 1.8% in the 4th quarter. Harrington Investments INC now owns 9,106 shares of the construction company's stock valued at $629,000 after buying an additional 159 shares during the last quarter. Finally, Bessemer Group Inc. grew its holdings in Trex by 9.1% in the 4th 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 during the last quarter. Institutional investors and hedge funds own 95.96% of the company's stock.

Trex Trading Up 1.3%

TREX stock traded up $0.77 during trading on Friday, hitting $60.80. The company had a trading volume of 766,236 shares, compared to its average volume of 1,347,588. The company has a fifty day moving average price of $57.44 and a two-hundred day moving average price of $65.56. The company has a market cap of $6.52 billion, a P/E ratio of 27.76, a P/E/G ratio of 2.51 and a beta of 1.62. Trex Company, Inc. has a fifty-two week low of $49.01 and a fifty-two week high of $88.87.

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

Insiders Place Their Bets

In other news, Director Melkeya Mcduffie sold 1,420 shares of the company's stock in a transaction on Friday, February 28th. The stock was sold at an average price of $61.88, for a total transaction of $87,869.60. Following the transaction, the director now owns 1,705 shares of the company's stock, valued at $105,505.40. This represents a 45.44% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, SVP Amy M. Fernandez sold 2,366 shares of the company's stock in a transaction 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 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. Over the last quarter, insiders have sold 5,286 shares of company stock valued at $323,003. 0.71% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

Several analysts have recently weighed in on TREX shares. Barclays lowered their price objective on Trex from $67.00 to $54.00 and set an "underweight" rating on the stock in a research report on Tuesday, April 8th. Benchmark restated a "buy" rating and set a $80.00 price objective on shares of Trex in a research report on Monday, May 12th. BMO Capital Markets upgraded Trex from a "market perform" rating to an "outperform" rating and set a $72.00 price objective on the stock in a research report on Thursday, April 17th. 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. Finally, Citigroup lowered their price objective on Trex from $78.00 to $60.00 and set a "neutral" rating on the stock in a research report on Friday, April 11th. Two investment analysts have rated the stock with a sell rating, eight have assigned a hold rating and eight have given a buy rating to the company's stock. Based on data from MarketBeat, the stock has a consensus rating of "Hold" and a consensus target price of $76.65.

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.