CreativeOne Wealth LLC Has $449,000 Stock Holdings in Trex Company, Inc. (NYSE:TREX)

CreativeOne Wealth LLC grew its holdings in Trex Company, Inc. (NYSE:TREX) by 32.0% in the first quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 4,502 shares of the construction company’s stock after buying an additional 1,092 shares during the quarter. CreativeOne Wealth LLC’s holdings in Trex were worth $449,000 as of its most recent filing with the SEC.

A number of other hedge funds also recently made changes to their positions in TREX. Norges Bank acquired a new position in shares of Trex in the 4th quarter worth approximately $113,613,000. TD Asset Management Inc grew its holdings in shares of Trex by 516.8% during the fourth quarter. TD Asset Management Inc now owns 1,600,980 shares of the construction company’s stock worth $132,545,000 after purchasing an additional 1,341,419 shares during the last quarter. Epoch Investment Partners Inc. grew its holdings in shares of Trex by 250.4% during the fourth quarter. Epoch Investment Partners Inc. now owns 938,544 shares of the construction company’s stock worth $77,702,000 after purchasing an additional 670,665 shares during the last quarter. Artisan Partners Limited Partnership increased its stake in shares of Trex by 19.2% in the fourth quarter. Artisan Partners Limited Partnership now owns 4,102,402 shares of the construction company’s stock valued at $339,638,000 after buying an additional 660,536 shares in the last quarter. Finally, Motley Fool Asset Management LLC raised its holdings in shares of Trex by 287.5% in the first quarter. Motley Fool Asset Management LLC now owns 324,808 shares of the construction company’s stock valued at $32,400,000 after buying an additional 240,989 shares during the last quarter. Institutional investors and hedge funds own 95.96% of the company’s stock.

Trex Stock Up 5.1 %

TREX traded up $4.02 during trading on Friday, hitting $82.50. The company had a trading volume of 1,012,631 shares, compared to its average volume of 1,043,100. The company has a market capitalization of $8.97 billion, a PE ratio of 35.41, a PEG ratio of 1.88 and a beta of 1.50. Trex Company, Inc. has a one year low of $53.59 and a one year high of $101.91. The firm’s 50-day moving average price is $80.87 and its 200 day moving average price is $87.14.

Trex (NYSE:TREX) last posted its quarterly earnings data on Thursday, May 9th. The construction company reported $0.82 EPS for the quarter, beating the consensus estimate of $0.72 by $0.10. The business had revenue of $373.64 million for the quarter, compared to analysts’ expectations of $367.31 million. Trex had a net margin of 20.60% and a return on equity of 35.33%. The firm’s revenue was up 56.5% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.38 EPS. Sell-side analysts forecast that Trex Company, Inc. will post 2.26 earnings per share for the current year.

Insider Activity at Trex

In other Trex news, SVP Jacob T. Rudolph sold 16,440 shares of the business’s stock in a transaction dated Wednesday, May 15th. The shares were sold at an average price of $90.90, for a total transaction of $1,494,396.00. Following the sale, the senior vice president now directly owns 25,746 shares of the company’s stock, valued at approximately $2,340,311.40. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. 0.71% of the stock is currently owned by insiders.

Analyst Ratings Changes

TREX has been the subject of several research reports. The Goldman Sachs Group lowered their price objective on shares of Trex from $114.00 to $93.00 and set a “buy” rating for the company in a research report on Wednesday, July 10th. Loop Capital lowered their price target on shares of Trex from $110.00 to $95.00 and set a “buy” rating for the company in a report on Thursday, July 11th. Barclays decreased their price objective on Trex from $94.00 to $81.00 and set an “underweight” rating on the stock in a research report on Friday, July 12th. DA Davidson lowered their price objective on Trex from $89.00 to $80.00 and set a “neutral” rating for the company in a research report on Wednesday, July 3rd. Finally, Robert W. Baird lowered their price target on shares of Trex from $110.00 to $105.00 and set a “neutral” rating for the company in a research report on Friday, May 10th. Two analysts have rated the stock with a sell rating, eight have issued a hold rating and eight have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $88.76.

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.