Peloton Wealth Strategists Boosts Stock Holdings in Trex Company, Inc. (NYSE:TREX)

Peloton Wealth Strategists raised its holdings in shares of Trex Company, Inc. (NYSE:TREX) by 1.9% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 39,105 shares of the construction company’s stock after buying an additional 725 shares during the period. Peloton Wealth Strategists’ holdings in Trex were worth $2,699,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. Wilmington Savings Fund Society FSB purchased a new stake in Trex during the third quarter valued at about $30,000. Mather Group LLC. boosted its position in Trex by 73.5% during the fourth quarter. Mather Group LLC. now owns 451 shares of the construction company’s stock valued at $31,000 after buying an additional 191 shares during the period. Avior Wealth Management LLC boosted its position in Trex by 1,212.8% during the fourth quarter. Avior Wealth Management LLC now owns 512 shares of the construction company’s stock valued at $35,000 after buying an additional 473 shares during the period. Eagle Bay Advisors LLC purchased a new stake in Trex during the fourth quarter valued at about $41,000. Finally, V Square Quantitative Management LLC boosted its position in Trex by 47.4% during the fourth 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.

Analysts Set New Price Targets

A number of analysts have recently weighed in on TREX shares. Bank of America dropped their target price on shares of Trex from $85.00 to $79.00 and set a “buy” rating for the company in a report on Tuesday. DA Davidson reiterated a “neutral” rating and set a $74.00 target price on shares of Trex in a report on Tuesday. StockNews.com upgraded shares of Trex from a “sell” rating to a “hold” rating in a report on Tuesday. Truist Financial dropped their target price on shares of Trex from $100.00 to $90.00 and set a “buy” rating for the company in a report on Tuesday. Finally, Jefferies Financial Group dropped their target price on shares of Trex from $81.00 to $71.00 and set a “hold” rating for the company in a report on Tuesday. One analyst has rated the stock with a sell rating, ten have given a hold rating and six have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $78.38.

Trex Price Performance

TREX stock opened at $60.30 on Friday. Trex Company, Inc. has a 1 year low of $58.68 and a 1 year high of $100.77. The company has a market cap of $6.46 billion, a P/E ratio of 27.53, a PEG ratio of 2.51 and a beta of 1.51. The firm has a 50-day moving average of $69.34 and a 200 day moving average of $68.69.

Trex (NYSE:TREX) last announced its earnings results on Monday, February 24th. The construction company reported $0.09 earnings per share for the quarter, beating 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 business had revenue of $167.63 million during the quarter, compared to the consensus estimate of $160.54 million. On average, equities research analysts expect that Trex Company, Inc. will post 2.04 earnings per share for the current fiscal year.

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.