Commonwealth of Pennsylvania Public School Empls Retrmt SYS Has $1.63 Million Stock Position in Trex Company, Inc. (NYSE:TREX)

Commonwealth of Pennsylvania Public School Empls Retrmt SYS cut its holdings in Trex Company, Inc. (NYSE:TREX) by 1.3% in the fourth quarter, HoldingsChannel reports. The firm owned 23,663 shares of the construction company’s stock after selling 300 shares during the period. Commonwealth of Pennsylvania Public School Empls Retrmt SYS’s holdings in Trex were worth $1,633,000 as of its most recent SEC filing.

Other hedge funds have also recently bought and sold shares of the company. Charles Schwab Investment Management Inc. grew its holdings in Trex by 3.2% during the third quarter. Charles Schwab Investment Management Inc. now owns 902,070 shares of the construction company’s stock valued at $60,060,000 after purchasing an additional 27,992 shares during the last quarter. Eagle Asset Management Inc. boosted its holdings in shares of Trex by 20.4% during the 3rd quarter. Eagle Asset Management Inc. now owns 46,653 shares of the construction company’s stock worth $3,394,000 after buying an additional 7,902 shares during the period. Citigroup Inc. grew its stake in Trex by 42.3% in the 3rd quarter. Citigroup Inc. now owns 68,775 shares of the construction company’s stock valued at $4,579,000 after buying an additional 20,445 shares during the last quarter. Larson Financial Group LLC raised its holdings in Trex by 17.8% in the 3rd quarter. Larson Financial Group LLC now owns 3,490 shares of the construction company’s stock worth $232,000 after acquiring an additional 527 shares during the period. Finally, Fisher Asset Management LLC lifted its position in Trex by 22.1% during the 3rd quarter. Fisher Asset Management LLC now owns 119,296 shares of the construction company’s stock worth $7,943,000 after acquiring an additional 21,597 shares during the last quarter. 95.96% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Trex

In related 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 transaction of $87,869.60. Following the transaction, the director now owns 1,705 shares in the company, valued at $105,505.40. This represents a 45.44 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. 0.71% of the stock is owned by company insiders.

Analyst Ratings Changes

TREX has been the topic of a number of recent analyst reports. StockNews.com lowered Trex from a “hold” rating to a “sell” rating in a research note on Wednesday, March 5th. DA Davidson reaffirmed a “neutral” rating and issued a $74.00 price target on shares of Trex in a research report on Tuesday, February 25th. Jefferies Financial Group reduced their price objective on Trex from $81.00 to $71.00 and set a “hold” rating for the company in a research report on Tuesday, February 25th. Benchmark reiterated a “buy” rating and set a $80.00 target price on shares of Trex in a research note on Monday, March 3rd. Finally, Bank of America decreased their price target on shares of Trex from $85.00 to $79.00 and set a “buy” rating on the stock in a research report on Tuesday, February 25th. Two analysts have rated the stock with a sell rating, nine have assigned a hold rating and six have assigned a buy rating to the company. According to MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $78.63.

Trex Price Performance

Shares of NYSE:TREX opened at $62.05 on Wednesday. The stock has a market capitalization of $6.65 billion, a price-to-earnings ratio of 28.33, a price-to-earnings-growth ratio of 2.51 and a beta of 1.60. The business’s fifty day moving average price is $65.27 and its two-hundred day moving average price is $68.05. Trex Company, Inc. has a fifty-two week low of $52.75 and a fifty-two week high of $100.61.

Trex (NYSE:TREX) last announced its earnings results on Monday, February 24th. The construction company reported $0.09 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.04 by $0.05. The business had revenue of $167.63 million during the quarter, compared to analysts’ expectations of $160.54 million. Trex had a net margin of 20.23% and a return on equity of 28.89%. Research analysts expect that Trex Company, Inc. will post 2.04 EPS for the current fiscal year.

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.