Motley Fool Asset Management LLC Purchases 65,409 Shares of Trex Company, Inc. (NYSE:TREX)

Motley Fool Asset Management LLC boosted its position in shares of Trex Company, Inc. (NYSE:TREX) by 355.3% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 83,819 shares of the construction company’s stock after acquiring an additional 65,409 shares during the quarter. Motley Fool Asset Management LLC’s holdings in Trex were worth $6,939,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Shell Asset Management Co. raised its position in shares of Trex by 0.5% in the third quarter. Shell Asset Management Co. now owns 35,605 shares of the construction company’s stock valued at $2,194,000 after purchasing an additional 163 shares during the period. Martin Capital Advisors LLP grew its stake in shares of Trex by 0.7% in the fourth quarter. Martin Capital Advisors LLP now owns 25,723 shares of the construction company’s stock valued at $2,130,000 after acquiring an additional 168 shares in the last quarter. Fifth Third Bancorp grew its stake in shares of Trex by 13.2% in the fourth 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 grew its stake in shares of Trex by 4.2% in the third 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. Finally, Mitchell Capital Management Co. grew its stake in shares of Trex by 0.4% in the third quarter. Mitchell Capital Management Co. now owns 64,386 shares of the construction company’s stock valued at $3,968,000 after acquiring an additional 234 shares in the last quarter. 95.96% of the stock is owned by institutional investors.

Trex Price Performance

NYSE TREX traded up $0.21 during trading hours on Thursday, reaching $89.41. The company’s stock had a trading volume of 484,606 shares, compared to its average volume of 778,042. The firm has a fifty day simple moving average of $94.07 and a 200-day simple moving average of $80.28. Trex Company, Inc. has a 52 week low of $51.03 and a 52 week high of $101.91. The stock has a market cap of $9.71 billion, a P/E ratio of 47.31, a P/E/G ratio of 2.02 and a beta of 1.60.

Trex (NYSE:TREX) last posted its quarterly earnings results on Monday, February 26th. The construction company reported $0.20 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.19 by $0.01. Trex had a net margin of 18.76% and a return on equity of 31.26%. The business had revenue of $195.75 million during the quarter, compared to the consensus estimate of $193.40 million. During the same quarter last year, the firm posted $0.23 EPS. Trex’s revenue was up 1.9% compared to the same quarter last year. On average, research analysts expect that Trex Company, Inc. will post 2.22 earnings per share for the current year.

Wall Street Analyst Weigh In

Several equities analysts recently commented on TREX shares. Benchmark upped their price target on shares of Trex from $85.00 to $105.00 and gave the company a “buy” rating in a research note on Friday, March 1st. UBS Group upped their price target on shares of Trex from $84.00 to $100.00 and gave the company a “neutral” rating in a research note on Tuesday, February 27th. JPMorgan Chase & Co. increased their price objective on shares of Trex from $79.00 to $93.00 and gave the stock a “neutral” rating in a research note on Friday, March 1st. Barclays increased their price objective on shares of Trex from $86.00 to $93.00 and gave the stock an “underweight” rating in a research note on Thursday, April 4th. Finally, Truist Financial increased their price objective on shares of Trex from $70.00 to $120.00 and gave the stock a “buy” rating in a research note on Tuesday, February 27th. Two research analysts have rated the stock with a sell rating, nine have assigned a hold rating and eight have assigned a buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $88.72.

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.