Motley Fool Wealth Management LLC Sells 3,770 Shares of Trex Company, Inc. (NYSE:TREX)

Motley Fool Wealth Management LLC lowered its holdings in Trex Company, Inc. (NYSE:TREX) by 2.9% during the 4th quarter, Holdings Channel reports. The firm owned 128,403 shares of the construction company’s stock after selling 3,770 shares during the period. Motley Fool Wealth Management LLC’s holdings in Trex were worth $8,850,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also added to or reduced their stakes in the company. JPMorgan Chase & Co. lifted its stake in Trex by 97.6% in the 3rd quarter. JPMorgan Chase & Co. now owns 797,513 shares of the construction company’s stock worth $53,098,000 after purchasing an additional 393,850 shares in the last quarter. Atomi Financial Group Inc. purchased a new position in shares of Trex in the fourth quarter valued at about $247,000. Charles Schwab Investment Management Inc. lifted its holdings in Trex by 3.2% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 902,070 shares of the construction company’s stock worth $60,060,000 after buying an additional 27,992 shares during the period. SG Americas Securities LLC boosted its holdings in Trex by 298.5% in the fourth quarter. SG Americas Securities LLC now owns 6,137 shares of the construction company’s stock valued at $424,000 after acquiring an additional 4,597 shares in the last quarter. Finally, Point72 Asset Management L.P. raised its stake in Trex by 100.0% in the third quarter. Point72 Asset Management L.P. now owns 1,022,459 shares of the construction company’s stock worth $68,075,000 after buying an additional 511,163 shares in the last quarter. Hedge funds and other institutional investors own 95.96% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on TREX shares. JPMorgan Chase & Co. cut their price objective on shares of Trex from $79.00 to $73.00 and set a “neutral” rating on the stock in a report on Wednesday, March 5th. Citigroup decreased their price objective on shares of Trex from $84.00 to $78.00 and set a “neutral” rating for the company in a report on Monday, January 6th. DA Davidson reaffirmed a “neutral” rating and set a $74.00 price target on shares of Trex in a research report on Tuesday, February 25th. Bank of America lowered their target price on Trex from $85.00 to $79.00 and set a “buy” rating on the stock in a research report on Tuesday, February 25th. Finally, Jefferies Financial Group reduced their price objective on shares of Trex from $81.00 to $71.00 and set a “hold” rating for the company in a research note on Tuesday, February 25th. 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 company’s stock. According to data from MarketBeat, Trex currently has a consensus rating of “Hold” and an average price target of $78.63.

Insider Buying and Selling

In other news, Director Melkeya Mcduffie sold 1,420 shares of the 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 of the company’s stock, valued at approximately $105,505.40. This represents a 45.44 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 0.71% of the company’s stock.

Trex Stock Performance

NYSE:TREX opened at $62.05 on Wednesday. The stock has a 50 day moving average price of $65.27 and a 200 day moving average price of $68.05. The stock has a market cap of $6.65 billion, a PE ratio of 28.33, a P/E/G ratio of 2.51 and a beta of 1.60. Trex Company, Inc. has a one year low of $52.75 and a one year high of $100.61.

Trex (NYSE:TREX) last posted its earnings results on Monday, February 24th. The construction company reported $0.09 EPS for the quarter, beating analysts’ consensus estimates of $0.04 by $0.05. The company had revenue of $167.63 million for 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%. As a group, analysts predict that Trex Company, Inc. will post 2.04 earnings per share 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.