Dimensional Fund Advisors LP Has $106.35 Million Holdings in Trex Company, Inc. (NYSE:TREX)

Dimensional Fund Advisors LP raised its position in shares of Trex Company, Inc. (NYSE:TREX - Free Report) by 2.5% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,540,553 shares of the construction company's stock after acquiring an additional 36,848 shares during the period. Dimensional Fund Advisors LP owned approximately 1.44% of Trex worth $106,349,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Farringdon Capital Ltd. bought a new stake in Trex in the 4th quarter valued at $317,000. Wasatch Advisors LP lifted its holdings in shares of Trex by 12.8% during the fourth quarter. Wasatch Advisors LP now owns 4,599,521 shares of the construction company's stock worth $317,505,000 after buying an additional 523,113 shares in the last quarter. Covestor Ltd boosted its position in shares of Trex by 36.4% in the fourth quarter. Covestor Ltd now owns 3,222 shares of the construction company's stock valued at $222,000 after acquiring an additional 860 shares during the period. Bank of Hawaii acquired a new position in shares of Trex in the fourth quarter valued at about $677,000. Finally, Bessemer Group Inc. increased its position in Trex by 9.1% during the fourth quarter. Bessemer Group Inc. now owns 2,034 shares of the construction company's stock worth $140,000 after acquiring an additional 170 shares during the period. Institutional investors and hedge funds own 95.96% of the company's stock.

Insider Buying and Selling at Trex

In other Trex news, Director Melkeya Mcduffie sold 1,420 shares of the company's stock in a transaction dated Friday, February 28th. The stock was sold at an average price of $61.88, for a total value of $87,869.60. Following the sale, the director now owns 1,705 shares in the company, valued at approximately $105,505.40. The trade was a 45.44 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Corporate insiders own 0.71% of the company's stock.

Analysts Set New Price Targets

A number of research firms have issued reports on TREX. DA Davidson reissued a "neutral" rating and issued a $74.00 price objective on shares of Trex in a 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 on the stock in a research report on Tuesday, February 25th. Benchmark reaffirmed a "buy" rating and issued a $80.00 price objective on shares of Trex in a report on Monday, March 3rd. Deutsche Bank Aktiengesellschaft assumed coverage on Trex in a research report on Tuesday, April 1st. They set a "buy" rating and a $85.00 target price for the company. Finally, BMO Capital Markets upgraded Trex from a "market perform" rating to an "outperform" rating and set a $72.00 price target on the stock in a research report on Thursday, April 17th. Two 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. According to data from MarketBeat.com, the stock presently has an average rating of "Hold" and an average target price of $77.18.

Trex Price Performance

Shares of NYSE TREX traded up $0.22 during mid-day trading on Thursday, hitting $58.04. 615,791 shares of the stock traded hands, compared to its average volume of 1,326,869. Trex Company, Inc. has a twelve month low of $49.01 and a twelve month high of $94.00. The firm has a 50 day simple moving average of $57.30 and a two-hundred day simple moving average of $66.05. The company has a market cap of $6.22 billion, a PE ratio of 26.62, a price-to-earnings-growth ratio of 2.51 and a beta of 1.62.

Trex (NYSE:TREX - Get Free Report) last released its quarterly earnings results on Monday, February 24th. The construction company reported $0.09 earnings per share for the quarter, topping the consensus estimate 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%. On average, equities research analysts anticipate that Trex Company, Inc. will post 2.04 earnings per share for the current fiscal year.

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.