Trex Company, Inc. (NYSE:TREX) Shares Sold by Securian Asset Management Inc.

Securian Asset Management Inc. lessened its holdings in shares of Trex Company, Inc. (NYSE:TREX) by 4.2% during the 4th quarter, Holdings Channel reports. The firm owned 8,099 shares of the construction company’s stock after selling 354 shares during the period. Securian Asset Management Inc.’s holdings in Trex were worth $559,000 as of its most recent SEC filing.

A number of other large investors have also recently made changes to their positions in the company. HighTower Advisors LLC increased its stake in shares of Trex by 13.4% during the fourth quarter. HighTower Advisors LLC now owns 15,209 shares of the construction company’s stock worth $1,050,000 after buying an additional 1,796 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank increased its stake in shares of Trex by 16.5% during the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 27,972 shares of the construction company’s stock worth $1,931,000 after buying an additional 3,970 shares during the period. OFI Invest Asset Management purchased a new stake in shares of Trex during the fourth quarter worth approximately $700,000. Amundi increased its stake in shares of Trex by 12.9% during the fourth quarter. Amundi now owns 259,112 shares of the construction company’s stock worth $17,137,000 after buying an additional 29,604 shares during the period. Finally, Callan Family Office LLC purchased a new stake in shares of Trex during the fourth quarter worth approximately $265,000. 95.96% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In related news, Director Melkeya Mcduffie sold 1,420 shares of the stock in a transaction 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 sale, the director now directly owns 1,705 shares of the company’s stock, valued at $105,505.40. This trade represents a 45.44 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Corporate insiders own 0.71% of the company’s stock.

Trex Trading Up 5.3 %

Shares of TREX opened at $56.88 on Monday. The company’s 50 day simple moving average is $66.26 and its 200-day simple moving average is $68.18. Trex Company, Inc. has a 12-month low of $52.75 and a 12-month high of $100.77. The firm has a market cap of $6.10 billion, a PE ratio of 25.97, a price-to-earnings-growth ratio of 2.51 and a beta of 1.60.

Trex (NYSE:TREX) last issued its quarterly earnings results on Monday, February 24th. The construction company reported $0.09 earnings per share for the quarter, topping the consensus estimate of $0.04 by $0.05. Trex had a return on equity of 28.89% and a net margin of 20.23%. The firm had revenue of $167.63 million during the quarter, compared to the consensus estimate of $160.54 million. As a group, equities research analysts forecast that Trex Company, Inc. will post 2.04 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of research firms recently weighed in on TREX. Truist Financial cut their target price on shares of Trex from $100.00 to $90.00 and set a “buy” rating on the stock in a research note on Tuesday, February 25th. Citigroup dropped their price target on shares of Trex from $84.00 to $78.00 and set a “neutral” rating on the stock in a research note on Monday, January 6th. 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. Jefferies Financial Group dropped their price target on shares of Trex from $81.00 to $71.00 and set a “hold” rating on the stock in a research note on Tuesday, February 25th. Finally, Benchmark reiterated a “buy” rating and issued a $80.00 price target on shares of Trex in a research note on Monday, March 3rd. Two research analysts have rated the stock with a sell rating, nine have assigned a hold rating and six have issued a buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $78.63.

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.