WCM Investment Management LLC Acquires 21,486 Shares of Trex Company, Inc. (NYSE:TREX)

WCM Investment Management LLC boosted its stake in Trex Company, Inc. (NYSE:TREX - Free Report) by 9.4% during the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 251,159 shares of the construction company's stock after acquiring an additional 21,486 shares during the quarter. WCM Investment Management LLC owned 0.23% of Trex worth $21,027,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in TREX. BlackRock Inc. boosted its stake in Trex by 8.4% during the 1st quarter. BlackRock Inc. now owns 13,421,758 shares of the construction company's stock worth $653,237,000 after purchasing an additional 1,034,669 shares during the last quarter. Alliancebernstein L.P. boosted its position in shares of Trex by 19.4% during the 2nd quarter. Alliancebernstein L.P. now owns 4,777,034 shares of the construction company's stock valued at $313,182,000 after acquiring an additional 776,165 shares during the last quarter. Clearbridge Investments LLC boosted its position in shares of Trex by 0.9% during the 3rd quarter. Clearbridge Investments LLC now owns 4,717,338 shares of the construction company's stock valued at $290,730,000 after acquiring an additional 43,653 shares during the last quarter. State Street Corp boosted its position in shares of Trex by 4.9% during the 1st quarter. State Street Corp now owns 3,637,869 shares of the construction company's stock valued at $237,662,000 after acquiring an additional 169,291 shares during the last quarter. Finally, Artisan Partners Limited Partnership boosted its position in shares of Trex by 7.5% during the 3rd quarter. Artisan Partners Limited Partnership now owns 3,441,866 shares of the construction company's stock valued at $212,122,000 after acquiring an additional 240,850 shares during the last quarter. Institutional investors and hedge funds own 95.96% of the company's stock.

Trex Price Performance

Shares of TREX stock traded down $0.84 during trading hours on Friday, reaching $91.92. 349,759 shares of the stock were exchanged, compared to its average volume of 627,223. The business's fifty day moving average is $94.08 and its two-hundred day moving average is $78.81. The firm has a market capitalization of $9.98 billion, a P/E ratio of 48.64, a P/E/G ratio of 2.12 and a beta of 1.60. Trex Company, Inc. has a 12-month low of $50.30 and a 12-month high of $101.91.

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 analysts' consensus estimates of $0.19 by $0.01. The firm had revenue of $195.75 million during the quarter, compared to the consensus estimate of $193.40 million. Trex had a return on equity of 31.26% and a net margin of 18.76%. The firm's quarterly revenue was up 1.9% compared to the same quarter last year. During the same period in the prior year, the company posted $0.23 earnings per share. As a group, equities research analysts predict that Trex Company, Inc. will post 2.21 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several brokerages have recently weighed in on TREX. Stifel Nicolaus boosted their price target on shares of Trex from $90.00 to $107.00 and gave the company a "buy" rating in a research report on Tuesday, February 27th. Barclays boosted their price objective on shares of Trex from $86.00 to $93.00 and gave the company an "underweight" rating in a report on Thursday, April 4th. Robert W. Baird boosted their price objective on shares of Trex from $105.00 to $110.00 and gave the company a "neutral" rating in a report on Monday, April 8th. DA Davidson boosted their price target on shares of Trex from $80.00 to $87.00 and gave the stock a "neutral" rating in a research note on Tuesday, February 27th. Finally, 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 note on Wednesday, February 28th. 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. Based on data from MarketBeat.com, Trex presently has a consensus 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.