Cerity Partners LLC Has $32.71 Million Position in Trex Company, Inc. (NYSE:TREX)

Cerity Partners LLC raised its position in Trex Company, Inc. (NYSE:TREX - Free Report) by 14.8% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 395,143 shares of the construction company's stock after purchasing an additional 51,079 shares during the quarter. Cerity Partners LLC owned about 0.36% of Trex worth $32,714,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds also recently made changes to their positions in the company. Contravisory Investment Management Inc. bought a new position in Trex in the 4th quarter valued at about $28,000. Covestor Ltd increased its stake in shares of Trex by 178.8% during the first quarter. Covestor Ltd now owns 382 shares of the construction company's stock valued at $25,000 after acquiring an additional 245 shares during the period. Loomis Sayles & Co. L P acquired a new position in shares of Trex during the third quarter valued at approximately $27,000. Headinvest LLC bought a new stake in Trex during the third quarter worth approximately $29,000. Finally, Quarry LP acquired a new stake in Trex in the first quarter worth approximately $31,000. Institutional investors own 95.96% of the company's stock.

Trex Price Performance

TREX traded down $0.84 during trading on Friday, reaching $91.92. 349,759 shares of the stock traded hands, compared to its average volume of 627,223. Trex Company, Inc. has a fifty-two week low of $50.30 and a fifty-two week high of $101.91. The stock's 50-day simple moving average is $94.08 and its two-hundred day simple moving average is $78.69. The stock has a market cap of $9.98 billion, a price-to-earnings ratio of 48.63, a price-to-earnings-growth ratio of 2.14 and a beta of 1.60.

Trex (NYSE:TREX - Get Free Report) last announced its quarterly earnings results on Monday, February 26th. The construction company reported $0.20 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.19 by $0.01. The business had revenue of $195.75 million during the quarter, compared to analyst estimates of $193.40 million. Trex had a return on equity of 31.26% and a net margin of 18.76%. The firm's revenue was up 1.9% on a year-over-year basis. During the same period in the previous year, the company earned $0.23 EPS. Research analysts anticipate that Trex Company, Inc. will post 2.21 earnings per share for the current fiscal year.

Analysts Set New Price Targets

TREX has been the topic of several research analyst reports. Benchmark lifted their price target on Trex from $85.00 to $105.00 and gave the company a "buy" rating in a research report on Friday, March 1st. The Goldman Sachs Group boosted their price target on shares of Trex from $89.00 to $108.00 and gave the stock a "buy" rating in a research report on Wednesday, February 28th. JPMorgan Chase & Co. raised their price objective on shares of Trex from $79.00 to $93.00 and gave the company a "neutral" rating in a research report on Friday, March 1st. DA Davidson boosted their target price on shares of Trex from $80.00 to $87.00 and gave the stock a "neutral" rating in a report on Tuesday, February 27th. Finally, UBS Group raised their target price on shares of Trex from $84.00 to $100.00 and gave the stock a "neutral" rating in a report on Tuesday, February 27th. Two investment analysts have rated the stock with a sell rating, nine have assigned a hold rating and eight have given a buy rating to the company's stock. According to MarketBeat, Trex presently has an average rating of "Hold" and a consensus price target of $88.72.

Trex 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.