Trex Company, Inc. (NYSE:TREX) Position Boosted by Trillium Asset Management LLC

Trillium Asset Management LLC increased its holdings in Trex Company, Inc. (NYSE:TREX) by 28.5% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 207,468 shares of the construction company’s stock after buying an additional 46,043 shares during the quarter. Trillium Asset Management LLC’s holdings in Trex were worth $14,322,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the business. Atria Investments Inc boosted its stake in Trex by 10.5% during the 3rd quarter. Atria Investments Inc now owns 7,210 shares of the construction company’s stock valued at $480,000 after purchasing an additional 683 shares in the last quarter. GSA Capital Partners LLP bought a new position in Trex during the 3rd quarter valued at $626,000. Prospera Private Wealth LLC bought a new position in Trex during the 3rd quarter valued at $1,795,000. First Horizon Advisors Inc. boosted its stake in Trex by 8.8% during the 3rd quarter. First Horizon Advisors Inc. now owns 2,282 shares of the construction company’s stock valued at $152,000 after purchasing an additional 184 shares in the last quarter. Finally, Landscape Capital Management L.L.C. boosted its stake in Trex by 339.9% during the 3rd quarter. Landscape Capital Management L.L.C. now owns 76,545 shares of the construction company’s stock valued at $5,096,000 after purchasing an additional 59,145 shares in the last quarter. 95.96% of the stock is owned by institutional investors.

Trex Stock Up 0.8 %

TREX opened at $58.07 on Wednesday. The stock has a fifty day moving average of $65.84 and a 200-day moving average of $68.10. The firm has a market capitalization of $6.22 billion, a P/E ratio of 26.52, a PEG ratio of 2.51 and a beta of 1.60. Trex Company, Inc. has a 12-month low of $52.75 and a 12-month high of $100.77.

Trex (NYSE:TREX) last released 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 company 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%. On average, analysts expect that Trex Company, Inc. will post 2.04 earnings per share for the current fiscal year.

Insider Activity

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 in the company, valued at approximately $105,505.40. This trade represents a 45.44 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 0.71% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on TREX. UBS Group decreased their price target on Trex from $76.00 to $74.00 and set a “neutral” rating for the company in a research note on Tuesday, February 25th. Jefferies Financial Group decreased their price target on Trex from $81.00 to $71.00 and set a “hold” rating for the company in a research note on Tuesday, February 25th. StockNews.com lowered Trex from a “hold” rating to a “sell” rating in a research note on Wednesday, March 5th. Citigroup reduced their price objective on Trex from $84.00 to $78.00 and set a “neutral” rating for the company in a research note on Monday, January 6th. Finally, Bank of America reduced their price objective on Trex from $85.00 to $79.00 and set a “buy” rating for the company in a research note on Tuesday, February 25th. Two equities research analysts have rated the stock with a sell rating, nine have assigned a hold rating and six have given a buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Hold” and an average price target of $78.63.

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.