SG Americas Securities LLC cut its stake in shares of Trex Company, Inc. (NYSE:TREX - Free Report) by 75.6% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 7,651 shares of the construction company's stock after selling 23,765 shares during the period. SG Americas Securities LLC's holdings in Trex were worth $633,000 as of its most recent SEC filing.
Other institutional investors also recently modified their holdings of the company. Covestor Ltd increased its holdings in Trex by 178.8% in the first quarter. Covestor Ltd now owns 382 shares of the construction company's stock valued at $25,000 after purchasing an additional 245 shares during the period. Loomis Sayles & Co. L P acquired a new stake in Trex in the third quarter valued at $27,000. Contravisory Investment Management Inc. acquired a new stake in Trex in the fourth quarter valued at $28,000. Headinvest LLC acquired a new stake in Trex in the third quarter valued at $29,000. Finally, Quarry LP acquired a new stake in Trex in the first quarter valued at $31,000. 95.96% of the stock is currently owned by institutional investors and hedge funds.
Trex Trading Down 0.3 %
Shares of TREX stock traded down $0.31 during trading on Thursday, hitting $94.89. The company's stock had a trading volume of 471,127 shares, compared to its average volume of 825,484. The company has a market cap of $10.31 billion, a PE ratio of 50.21, a P/E/G ratio of 2.41 and a beta of 1.60. The business has a fifty day moving average of $92.80 and a 200-day moving average of $77.34. Trex Company, Inc. has a 52 week low of $46.84 and a 52 week high of $101.91.
Trex (NYSE:TREX - Get Free Report) last posted its quarterly earnings data on Monday, February 26th. The construction company reported $0.20 earnings per share for the quarter, topping the consensus estimate of $0.19 by $0.01. Trex had a return on equity of 31.26% and a net margin of 18.76%. The business had revenue of $195.75 million for the quarter, compared to analysts' expectations of $193.40 million. During the same quarter in the previous year, the firm earned $0.23 earnings per share. The business's revenue was up 1.9% on a year-over-year basis. As a group, research analysts predict that Trex Company, Inc. will post 2.22 EPS for the current year.
Analyst Ratings Changes
A number of analysts recently weighed in on the company. Stifel Nicolaus increased their price objective on Trex from $90.00 to $107.00 and gave the company a "buy" rating in a report on Tuesday, February 27th. Wolfe Research began coverage on shares of Trex in a research report on Tuesday, December 12th. They set a "peer perform" rating on the stock. Truist Financial upped their price target on shares of Trex from $70.00 to $120.00 and gave the company a "buy" rating in a research report on Tuesday, February 27th. Benchmark upped their price target on shares of Trex from $85.00 to $105.00 and gave the company a "buy" rating in a research report on Friday, March 1st. Finally, UBS Group increased their price objective on shares of Trex from $84.00 to $100.00 and gave the stock a "neutral" rating in a research report on Tuesday, February 27th. Two equities research analysts have rated the stock with a sell rating, nine have given a hold rating and eight have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Hold" and an average target price of $87.28.
Check Out Our Latest Stock Report on TREX
Trex Company Profile
(
Free Report)
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.
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