Trex Company, Inc. (NYSE:TREX) Shares Sold by Masterton Capital Management LP

Masterton Capital Management LP lessened its position in shares of Trex Company, Inc. (NYSE:TREX - Free Report) by 26.3% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 73,083 shares of the construction company's stock after selling 26,117 shares during the period. Trex makes up 2.9% of Masterton Capital Management LP's portfolio, making the stock its 15th biggest position. Masterton Capital Management LP owned about 0.07% of Trex worth $5,045,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the company. JPMorgan Chase & Co. boosted its position in Trex by 97.6% during the 3rd quarter. JPMorgan Chase & Co. now owns 797,513 shares of the construction company's stock worth $53,098,000 after purchasing an additional 393,850 shares during the period. Atomi Financial Group Inc. acquired a new position in Trex during the 4th quarter worth approximately $247,000. Pictet Asset Management Holding SA boosted its holdings in Trex by 7.1% in the 4th quarter. Pictet Asset Management Holding SA now owns 14,538 shares of the construction company's stock worth $1,004,000 after acquiring an additional 969 shares during the period. SG Americas Securities LLC grew its position in Trex by 298.5% in the fourth quarter. SG Americas Securities LLC now owns 6,137 shares of the construction company's stock valued at $424,000 after acquiring an additional 4,597 shares in the last quarter. Finally, Park Avenue Securities LLC raised its stake in shares of Trex by 26.6% during the fourth quarter. Park Avenue Securities LLC now owns 7,444 shares of the construction company's stock valued at $514,000 after purchasing an additional 1,566 shares during the period. 95.96% of the stock is currently owned by institutional investors and hedge funds.

Trex Price Performance

Shares of NYSE TREX traded up $2.07 during mid-day trading on Friday, hitting $60.04. The company had a trading volume of 1,205,212 shares, compared to its average volume of 1,333,336. Trex Company, Inc. has a 12 month low of $49.01 and a 12 month high of $94.00. The stock has a market cap of $6.44 billion, a price-to-earnings ratio of 27.42, a PEG ratio of 2.51 and a beta of 1.62. The firm's 50 day simple moving average is $57.18 and its two-hundred day simple moving average is $65.96.

Trex (NYSE:TREX - Get Free Report) last posted its earnings results on Monday, February 24th. The construction company reported $0.09 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.04 by $0.05. The company had revenue of $167.63 million for the quarter, compared to analysts' expectations of $160.54 million. Trex had a return on equity of 28.89% and a net margin of 20.23%. Equities analysts forecast that Trex Company, Inc. will post 2.04 earnings per share for the current year.

Analysts Set New Price Targets

TREX has been the subject of a number of recent analyst reports. StockNews.com lowered shares of Trex from a "hold" rating to a "sell" rating in a report on Wednesday, March 5th. UBS Group dropped their target price on Trex from $76.00 to $74.00 and set a "neutral" rating on the stock in a research report on Tuesday, February 25th. Jefferies Financial Group reduced their price target on Trex from $81.00 to $71.00 and set a "hold" rating for the company in a report on Tuesday, February 25th. DA Davidson restated a "neutral" rating and set a $74.00 price objective on shares of Trex in a report on Tuesday, February 25th. Finally, Citigroup reduced their target price on Trex from $78.00 to $60.00 and set a "neutral" rating for the company in a research note on Friday, April 11th. Two equities research analysts have rated the stock with a sell rating, eight have given a hold rating and eight have issued a buy rating to the company's stock. Based on data from MarketBeat.com, the company has an average rating of "Hold" and a consensus price target of $77.18.

Insider Transactions at Trex

In related news, Director Melkeya Mcduffie sold 1,420 shares of the stock in a transaction dated Friday, February 28th. The shares were sold at an average price of $61.88, for a total value of $87,869.60. Following the completion of the transaction, the director now owns 1,705 shares in the company, valued at $105,505.40. This represents a 45.44 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. 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.