Trex Company, Inc. (NYSE:TREX) Stake Lifted by Martin Capital Advisors LLP

Martin Capital Advisors LLP boosted its stake in Trex Company, Inc. (NYSE:TREX) by 0.7% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 25,723 shares of the construction company’s stock after buying an additional 168 shares during the quarter. Trex makes up about 1.8% of Martin Capital Advisors LLP’s investment portfolio, making the stock its 17th largest position. Martin Capital Advisors LLP’s holdings in Trex were worth $2,130,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also recently bought and sold shares of the company. Shell Asset Management Co. grew its holdings in shares of Trex by 0.5% during the third quarter. Shell Asset Management Co. now owns 35,605 shares of the construction company’s stock worth $2,194,000 after purchasing an additional 163 shares during the last quarter. Fifth Third Bancorp increased its position in Trex by 13.2% in the 4th quarter. Fifth Third Bancorp now owns 1,554 shares of the construction company’s stock valued at $129,000 after acquiring an additional 181 shares in the last quarter. Inspire Investing LLC increased its position in Trex by 4.2% in the 3rd quarter. Inspire Investing LLC now owns 4,960 shares of the construction company’s stock valued at $306,000 after acquiring an additional 201 shares in the last quarter. Steward Partners Investment Advisory LLC raised its stake in shares of Trex by 3.7% in the first quarter. Steward Partners Investment Advisory LLC now owns 5,800 shares of the construction company’s stock worth $282,000 after acquiring an additional 206 shares during the last quarter. Finally, Mitchell Capital Management Co. lifted its position in shares of Trex by 0.4% during the third quarter. Mitchell Capital Management Co. now owns 64,386 shares of the construction company’s stock worth $3,968,000 after purchasing an additional 234 shares in the last quarter. 95.96% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of analysts recently weighed in on the stock. Stifel Nicolaus raised their price target on shares of Trex from $90.00 to $107.00 and gave the company a “buy” rating in a report on Tuesday, February 27th. Truist Financial lifted their target price on Trex from $70.00 to $120.00 and gave the company a “buy” rating in a research note on Tuesday, February 27th. Barclays upped their price target on Trex from $86.00 to $93.00 and gave the company an “underweight” rating in a research note on Thursday, April 4th. Benchmark lifted their price objective on Trex from $85.00 to $105.00 and gave the stock a “buy” rating in a research report on Friday, March 1st. Finally, Robert W. Baird increased their price target on shares of Trex from $105.00 to $110.00 and gave the company a “neutral” rating in a research report on Monday, April 8th. Two equities research analysts have rated the stock with a sell rating, nine have given a hold rating and eight have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $88.72.

Trex Price Performance

Shares of TREX traded down $0.50 during midday trading on Friday, hitting $87.45. The stock had a trading volume of 532,161 shares, compared to its average volume of 793,319. The firm has a market cap of $9.50 billion, a price-to-earnings ratio of 46.54, a price-to-earnings-growth ratio of 2.02 and a beta of 1.60. The company has a 50 day simple moving average of $94.25 and a two-hundred day simple moving average of $79.32. Trex Company, Inc. has a twelve month low of $51.03 and a twelve month high of $101.91.

Trex (NYSE:TREX) last announced its earnings results on Monday, February 26th. The construction company reported $0.20 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.19 by $0.01. Trex had a return on equity of 31.26% and a net margin of 18.76%. The business had revenue of $195.75 million for the quarter, compared to analyst estimates of $193.40 million. During the same quarter last year, the firm earned $0.23 EPS. Trex’s revenue for the quarter was up 1.9% compared to the same quarter last year. Analysts forecast that Trex Company, Inc. will post 2.21 EPS for the current fiscal 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.