Trex Company, Inc. (NYSE:TREX) Shares Sold by Blair William & Co. IL

Blair William & Co. IL lowered its stake in Trex Company, Inc. (NYSE:TREX) by 17.3% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 632,692 shares of the construction company’s stock after selling 132,533 shares during the quarter. Blair William & Co. IL owned about 0.59% of Trex worth $43,675,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Summitry LLC acquired a new stake in shares of Trex in the 4th quarter worth approximately $221,000. LPL Financial LLC raised its holdings in Trex by 28.4% during the fourth quarter. LPL Financial LLC now owns 127,457 shares of the construction company’s stock worth $8,798,000 after purchasing an additional 28,176 shares in the last quarter. KLP Kapitalforvaltning AS acquired a new stake in Trex in the fourth quarter worth approximately $1,519,000. Sei Investments Co. boosted its stake in Trex by 18.8% during the 4th quarter. Sei Investments Co. now owns 421,489 shares of the construction company’s stock valued at $29,095,000 after purchasing an additional 66,661 shares in the last quarter. Finally, Millstone Evans Group LLC acquired a new position in shares of Trex during the 4th quarter valued at $518,000. Institutional investors own 95.96% of the company’s stock.

Trex Price Performance

NYSE TREX opened at $59.41 on Friday. The company has a 50 day simple moving average of $64.83 and a 200-day simple moving average of $67.94. Trex Company, Inc. has a 52-week low of $52.75 and a 52-week high of $100.33. The firm has a market capitalization of $6.37 billion, a price-to-earnings ratio of 27.13, a price-to-earnings-growth ratio of 2.51 and a beta of 1.60.

Trex (NYSE:TREX) last issued 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. Trex had a net margin of 20.23% and a return on equity of 28.89%. The company had revenue of $167.63 million during the quarter, compared to analyst estimates of $160.54 million. On average, analysts predict that Trex Company, Inc. will post 2.04 EPS for the current year.

Analyst Upgrades and Downgrades

Several brokerages have recently weighed in on TREX. Citigroup cut their price objective on Trex from $84.00 to $78.00 and set a “neutral” rating for the company in a report on Monday, January 6th. UBS Group cut their price target on shares of Trex from $76.00 to $74.00 and set a “neutral” rating for the company in a report on Tuesday, February 25th. Jefferies Financial Group lowered their price objective on shares of Trex from $81.00 to $71.00 and set a “hold” rating on the stock in a research note on Tuesday, February 25th. Truist Financial cut their target price on shares of Trex from $100.00 to $90.00 and set a “buy” rating for the company in a research note on Tuesday, February 25th. Finally, Bank of America decreased their price target on shares of Trex from $85.00 to $79.00 and set a “buy” rating on the stock in a research report on Tuesday, February 25th. Two investment 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’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $78.63.

Insider Activity

In other Trex 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 transaction of $87,869.60. Following the transaction, the director now owns 1,705 shares in the company, valued at $105,505.40. This trade represents a 45.44 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. 0.71% of the stock is owned by insiders.

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.