103,819 Shares in Trex Company, Inc. (NYSE:TREX) Purchased by Motley Fool Wealth Management LLC

Motley Fool Wealth Management LLC purchased a new position in Trex Company, Inc. (NYSE:TREX - Free Report) during the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor purchased 103,819 shares of the construction company's stock, valued at approximately $8,590,000. Motley Fool Wealth Management LLC owned 0.10% of Trex at the end of the most recent quarter.

A number of other institutional investors also recently bought and sold shares of TREX. Lord Abbett & CO. LLC boosted its stake in shares of Trex by 97.8% in the third quarter. Lord Abbett & CO. LLC now owns 1,239,723 shares of the construction company's stock worth $76,404,000 after buying an additional 612,832 shares during the last quarter. Fred Alger Management LLC increased its holdings in shares of Trex by 910.6% during the 3rd quarter. Fred Alger Management LLC now owns 447,159 shares of the construction company's stock valued at $27,558,000 after purchasing an additional 402,913 shares in the last quarter. Invesco Ltd. lifted its stake in shares of Trex by 69.3% in the 3rd quarter. Invesco Ltd. now owns 921,821 shares of the construction company's stock valued at $56,812,000 after purchasing an additional 377,377 shares during the period. FMR LLC boosted its holdings in Trex by 128.5% during the third quarter. FMR LLC now owns 565,951 shares of the construction company's stock worth $34,880,000 after buying an additional 318,300 shares in the last quarter. Finally, Artisan Partners Limited Partnership boosted its holdings in Trex by 7.5% during the third quarter. Artisan Partners Limited Partnership now owns 3,441,866 shares of the construction company's stock worth $212,122,000 after buying an additional 240,850 shares in the last quarter. 95.96% of the stock is owned by hedge funds and other institutional investors.

Trex Price Performance

TREX traded up $1.12 during trading hours on Friday, reaching $90.53. The company's stock had a trading volume of 359,735 shares, compared to its average volume of 562,394. The stock has a market cap of $9.83 billion, a PE ratio of 47.90, a P/E/G ratio of 2.03 and a beta of 1.60. Trex Company, Inc. has a fifty-two week low of $51.03 and a fifty-two week high of $101.91. The business's 50-day moving average is $94.04 and its 200-day moving average is $80.72.

Trex (NYSE:TREX - Get Free Report) last announced its quarterly earnings results on Monday, February 26th. The construction company reported $0.20 EPS for the quarter, beating the consensus estimate of $0.19 by $0.01. The business had revenue of $195.75 million for 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 company's quarterly revenue was up 1.9% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.23 EPS. Analysts expect that Trex Company, Inc. will post 2.22 EPS for the current year.

Wall Street Analyst Weigh In

TREX has been the subject of a number of recent analyst reports. JPMorgan Chase & Co. lifted their price objective on shares of Trex from $79.00 to $93.00 and gave the company a "neutral" rating in a report on Friday, March 1st. Barclays upped their price target on Trex from $86.00 to $93.00 and gave the stock an "underweight" rating in a report on Thursday, April 4th. Stifel Nicolaus raised 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. Benchmark boosted their target price on shares of Trex from $85.00 to $105.00 and gave the stock a "buy" rating in a research note on Friday, March 1st. Finally, DA Davidson lifted their price target on Trex from $80.00 to $87.00 and gave the stock a "neutral" rating in a research note on Tuesday, February 27th. Two investment analysts have rated the stock with a sell rating, nine have issued a hold rating and eight have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, Trex has a consensus rating of "Hold" and an average price target of $88.72.

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.