Tudor Investment Corp ET AL Decreases Position in Trex Company, Inc. (NYSE:TREX)

Tudor Investment Corp ET AL lowered its position in shares of Trex Company, Inc. (NYSE:TREX - Free Report) by 76.1% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 25,180 shares of the construction company's stock after selling 80,105 shares during the period. Tudor Investment Corp ET AL's holdings in Trex were worth $1,738,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds also recently added to or reduced their stakes in the company. Wilmington Savings Fund Society FSB purchased a new stake in shares of Trex during the 3rd quarter valued at about $30,000. Mather Group LLC. lifted its position in Trex by 73.5% during the fourth quarter. Mather Group LLC. now owns 451 shares of the construction company's stock valued at $31,000 after purchasing an additional 191 shares during the period. Avior Wealth Management LLC boosted its holdings in Trex by 1,212.8% in the fourth quarter. Avior Wealth Management LLC now owns 512 shares of the construction company's stock worth $35,000 after purchasing an additional 473 shares during the last quarter. Huntington National Bank grew its position in Trex by 227.2% in the 4th quarter. Huntington National Bank now owns 566 shares of the construction company's stock worth $39,000 after purchasing an additional 393 shares during the period. Finally, Eagle Bay Advisors LLC purchased a new stake in Trex during the 4th quarter valued at $41,000. 95.96% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at Trex

In other news, Director Melkeya Mcduffie sold 1,420 shares of the stock in a transaction that occurred on Friday, February 28th. The stock was sold at an average price of $61.88, for a total transaction of $87,869.60. Following the completion of the transaction, the director now directly owns 1,705 shares in the company, valued at approximately $105,505.40. This represents a 45.44 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 0.71% of the company's stock.

Trex Stock Down 0.9 %

NYSE TREX traded down $0.51 during trading hours on Friday, reaching $57.79. The company's stock had a trading volume of 2,121,840 shares, compared to its average volume of 1,344,616. Trex Company, Inc. has a 1 year low of $49.01 and a 1 year high of $92.02. The firm's 50-day moving average price is $56.96 and its 200-day moving average price is $65.78. The company has a market capitalization of $6.20 billion, a price-to-earnings ratio of 26.39, a PEG ratio of 2.51 and a beta of 1.62.

Trex (NYSE:TREX - Get Free Report) last released its earnings results on Thursday, May 8th. The construction company reported $0.60 EPS for the quarter, topping the consensus estimate of $0.58 by $0.02. The firm had revenue of $339.99 million for the quarter, compared to the consensus estimate of $329.11 million. Trex had a net margin of 20.23% and a return on equity of 28.89%. The company's quarterly revenue was down 9.0% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.82 earnings per share. Equities research analysts anticipate that Trex Company, Inc. will post 2.04 EPS for the current fiscal year.

Analyst Ratings Changes

TREX has been the topic of a number of recent research reports. UBS Group lowered their target price on Trex from $74.00 to $72.00 and set a "neutral" rating on the stock in a report on Friday. Bank of America reduced their target price on shares of Trex from $85.00 to $79.00 and set a "buy" rating for the company in a report on Tuesday, February 25th. JPMorgan Chase & Co. dropped their price target on shares of Trex from $79.00 to $73.00 and set a "neutral" rating on the stock in a research note on Wednesday, March 5th. Deutsche Bank Aktiengesellschaft started coverage on Trex in a research note on Tuesday, April 1st. They issued a "buy" rating and a $85.00 price objective for the company. Finally, Barclays lowered 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 assigned a hold rating and eight have given a buy rating to the company. According to data from MarketBeat, the stock has an average rating of "Hold" and a consensus target price of $77.06.

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.