Frontier Capital Management Co. LLC Has $35.81 Million Stock Position in Trex Company, Inc. (NYSE:TREX)

Frontier Capital Management Co. LLC cut its position in shares of Trex Company, Inc. (NYSE:TREX - Free Report) by 3.4% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 518,793 shares of the construction company's stock after selling 18,104 shares during the period. Frontier Capital Management Co. LLC owned about 0.48% of Trex worth $35,812,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors also recently bought and sold shares of the business. Deutsche Bank AG increased its holdings in shares of Trex by 31.6% in the fourth quarter. Deutsche Bank AG now owns 368,814 shares of the construction company's stock valued at $25,459,000 after purchasing an additional 88,592 shares during the period. Cetera Investment Advisers boosted its position in Trex by 16.2% during the fourth quarter. Cetera Investment Advisers now owns 16,029 shares of the construction company's stock worth $1,107,000 after acquiring an additional 2,239 shares during the last quarter. Captrust Financial Advisors increased its stake in shares of Trex by 44.4% in the 4th quarter. Captrust Financial Advisors now owns 9,357 shares of the construction company's stock worth $646,000 after acquiring an additional 2,878 shares during the last quarter. Balyasny Asset Management L.P. raised its position in Trex by 86.3% in the fourth quarter. Balyasny Asset Management L.P. now owns 2,029,034 shares of the construction company's stock valued at $140,064,000 after purchasing an additional 939,960 shares during the period. Finally, Bamco Inc. NY increased its holdings in Trex by 6.2% in the 4th quarter. Bamco Inc. NY now owns 2,153,133 shares of the construction company's stock valued at $148,631,000 after purchasing an additional 126,441 shares during the last quarter. Institutional investors own 95.96% of the company's stock.

Insider Transactions at Trex

In other Trex news, Director Melkeya Mcduffie sold 1,420 shares of the business's stock in a transaction that occurred on 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 legal filing with the SEC, which is accessible through this link. Also, SVP Amy M. Fernandez sold 2,366 shares of the stock in a transaction dated Monday, May 12th. The stock was sold at an average price of $61.17, for a total transaction of $144,728.22. Following the transaction, the senior vice president now owns 24,569 shares of the company's stock, valued at approximately $1,502,885.73. This represents a 8.78% decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.71% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

TREX has been the topic of several research analyst reports. JPMorgan Chase & Co. cut their target price on Trex from $79.00 to $73.00 and set a "neutral" rating on the stock in a research report on Wednesday, March 5th. Deutsche Bank Aktiengesellschaft began coverage on shares of Trex in a research report on Tuesday, April 1st. They set a "buy" rating and a $85.00 target price for the company. Stephens cut their target price on shares of Trex from $73.00 to $65.00 and set an "equal weight" rating for the company in a research note on Monday. Truist Financial lowered their price objective on Trex from $100.00 to $90.00 and set a "buy" rating for the company in a research report on Tuesday, February 25th. Finally, Barclays cut their target price on Trex from $67.00 to $54.00 and set an "underweight" rating on the stock in a research report on Tuesday, April 8th. Two analysts have rated the stock with a sell rating, eight have issued a hold rating and eight have issued a buy rating to the stock. According to MarketBeat.com, Trex presently has an average rating of "Hold" and an average target price of $76.65.

Trex Trading Down 1.3%

NYSE:TREX traded down $0.83 during mid-day trading on Wednesday, hitting $60.84. 547,909 shares of the company's stock traded hands, compared to its average volume of 1,343,036. The firm has a market capitalization of $6.52 billion, a price-to-earnings ratio of 27.78, a price-to-earnings-growth ratio of 2.51 and a beta of 1.62. The firm has a 50 day moving average of $57.11 and a two-hundred day moving average of $65.75. Trex Company, Inc. has a 12 month low of $49.01 and a 12 month high of $92.02.

Trex (NYSE:TREX - Get Free Report) last announced its quarterly earnings data on Thursday, May 8th. The construction company reported $0.60 EPS for the quarter, beating analysts' consensus estimates of $0.58 by $0.02. Trex had a net margin of 20.23% and a return on equity of 28.89%. The business had revenue of $339.99 million during the quarter, compared to analyst estimates of $329.11 million. During the same quarter in the prior year, the business earned $0.82 earnings per share. The firm's revenue for the quarter was down 9.0% on a year-over-year basis. As a group, equities research analysts expect that Trex Company, Inc. will post 2.04 earnings per share for the current year.

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.