Achmea Investment Management B.V. Sells 15,407 Shares of Trex Company, Inc. (NYSE:TREX)

Achmea Investment Management B.V. decreased its holdings in shares of Trex Company, Inc. (NYSE:TREX) by 8.0% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The fund owned 177,786 shares of the construction company’s stock after selling 15,407 shares during the quarter. Achmea Investment Management B.V. owned 0.17% of Trex worth $12,273,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently modified their holdings of the business. Wilmington Savings Fund Society FSB bought a new position in Trex in the 3rd quarter valued at $30,000. Mather Group LLC. grew its holdings in shares of Trex by 73.5% in the fourth quarter. Mather Group LLC. now owns 451 shares of the construction company’s stock worth $31,000 after purchasing an additional 191 shares during the last quarter. Avior Wealth Management LLC increased its stake in Trex by 1,212.8% in the 4th quarter. Avior Wealth Management LLC now owns 512 shares of the construction company’s stock worth $35,000 after buying an additional 473 shares during the period. Eagle Bay Advisors LLC bought a new stake in Trex during the 4th quarter valued at about $41,000. Finally, V Square Quantitative Management LLC boosted its position in Trex by 47.4% in the 4th quarter. V Square Quantitative Management LLC now owns 628 shares of the construction company’s stock valued at $43,000 after buying an additional 202 shares during the period. 95.96% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at Trex

In other news, Director Melkeya Mcduffie sold 1,420 shares of the business’s stock in a transaction that occurred on Friday, February 28th. The stock was sold at an average price of $61.88, for a total value of $87,869.60. Following the completion of the sale, the director now directly owns 1,705 shares in the company, valued at $105,505.40. The trade was a 45.44 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Corporate insiders own 0.71% of the company’s stock.

Analyst Ratings Changes

Several brokerages have issued reports on TREX. Truist Financial dropped their target price on shares of Trex from $100.00 to $90.00 and set a “buy” rating on the stock in a report on Tuesday, February 25th. Citigroup cut their price objective on shares of Trex from $84.00 to $78.00 and set a “neutral” rating on the stock in a report on Monday, January 6th. UBS Group reduced their price objective on shares of Trex from $76.00 to $74.00 and set a “neutral” rating for the company in a research note on Tuesday, February 25th. StockNews.com cut Trex from a “hold” rating to a “sell” rating in a research report on Wednesday, March 5th. Finally, Benchmark reissued a “buy” rating and issued a $80.00 price target on shares of Trex in a research report on Monday, March 3rd. Two investment 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’s stock. According to data from MarketBeat.com, Trex currently has an average rating of “Hold” and an average price target of $78.63.

Trex Trading Down 1.9 %

Trex stock opened at $53.99 on Friday. The firm has a market cap of $5.79 billion, a PE ratio of 24.65, a P/E/G 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. The stock’s 50 day simple moving average is $66.80 and its two-hundred day simple moving average is $68.29.

Trex (NYSE:TREX) last announced its quarterly 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. Trex had a net margin of 20.23% and a return on equity of 28.89%. The firm had revenue of $167.63 million for the quarter, compared to the consensus estimate of $160.54 million. On average, equities research analysts forecast that Trex Company, Inc. will post 2.04 EPS for the current 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.