Trex Company, Inc. (NYSE:TREX) Holdings Lifted by Voya Investment Management LLC

Voya Investment Management LLC boosted its holdings in shares of Trex Company, Inc. (NYSE:TREX - Free Report) by 51.2% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 319,351 shares of the construction company's stock after buying an additional 108,142 shares during the quarter. Voya Investment Management LLC owned approximately 0.30% of Trex worth $22,045,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in the stock. Barclays PLC raised its position in Trex by 8.8% during the third quarter. Barclays PLC now owns 149,623 shares of the construction company's stock valued at $9,961,000 after purchasing an additional 12,085 shares during the period. Virtu Financial LLC increased its stake in Trex by 29.2% during the 3rd quarter. Virtu Financial LLC now owns 12,566 shares of the construction company's stock valued at $837,000 after purchasing an additional 2,838 shares in the last quarter. Wilmington Savings Fund Society FSB acquired a new stake in Trex during the 3rd quarter worth about $30,000. Tidal Investments LLC raised its holdings in shares of Trex by 73.1% during the third quarter. Tidal Investments LLC now owns 14,836 shares of the construction company's stock worth $988,000 after purchasing an additional 6,263 shares during the last quarter. Finally, American Trust grew its stake in shares of Trex by 7.9% during the 3rd quarter. American Trust now owns 3,367 shares of the construction company's stock worth $224,000 after purchasing an additional 246 shares during the period. Institutional investors own 95.96% of the company's stock.

Trex Trading Up 3.4 %

TREX traded up $1.95 during trading on Friday, hitting $59.92. 298,767 shares of the company's stock were exchanged, compared to its average volume of 1,326,265. The stock has a 50 day moving average price of $57.22 and a 200 day moving average price of $66.00. Trex Company, Inc. has a 1 year low of $49.01 and a 1 year high of $94.00. The firm has a market cap of $6.42 billion, a P/E ratio of 27.35, a price-to-earnings-growth ratio of 2.51 and a beta of 1.62.

Trex (NYSE:TREX - Get Free Report) last posted its earnings results on Monday, February 24th. The construction company reported $0.09 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.04 by $0.05. The business had revenue of $167.63 million during the quarter, compared to analyst estimates of $160.54 million. Trex had a return on equity of 28.89% and a net margin of 20.23%. Analysts forecast that Trex Company, Inc. will post 2.04 earnings per share for the current fiscal year.

Analyst Ratings Changes

TREX has been the topic of several recent research reports. Deutsche Bank Aktiengesellschaft began coverage on shares of Trex in a research note on Tuesday, April 1st. They set a "buy" rating and a $85.00 target price on the stock. Barclays cut their price objective on Trex from $67.00 to $54.00 and set an "underweight" rating on the stock in a report on Tuesday, April 8th. 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. BMO Capital Markets raised Trex from a "market perform" rating to an "outperform" rating and set a $72.00 target price on the stock in a research report on Thursday, April 17th. Finally, Citigroup dropped their price objective on Trex from $78.00 to $60.00 and set a "neutral" rating on the stock in a report on Friday, April 11th. Two investment 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's stock. Based on data from MarketBeat, the company currently has a consensus rating of "Hold" and an average target price of $77.18.

Insider Activity

In other news, Director Melkeya Mcduffie sold 1,420 shares of the company's stock in a transaction dated Friday, February 28th. The shares were 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. This represents a 45.44 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Insiders own 0.71% of the company's stock.

Trex Company 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.