Trex Company, Inc. (NYSE:TREX) Stake Raised by Dynamic Technology Lab Private Ltd

Dynamic Technology Lab Private Ltd raised its holdings in shares of Trex Company, Inc. (NYSE:TREX) by 237.6% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 53,084 shares of the construction company’s stock after acquiring an additional 37,362 shares during the quarter. Dynamic Technology Lab Private Ltd’s holdings in Trex were worth $3,534,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Harrington Investments INC raised its holdings in shares of Trex by 1.4% during the second quarter. Harrington Investments INC now owns 9,807 shares of the construction company’s stock worth $727,000 after acquiring an additional 140 shares in the last quarter. First Citizens Bank & Trust Co. lifted its holdings in shares of Trex by 2.6% during the 2nd quarter. First Citizens Bank & Trust Co. now owns 7,055 shares of the construction company’s stock valued at $523,000 after buying an additional 176 shares during the last quarter. First Horizon Advisors Inc. grew its stake in shares of Trex by 8.8% in the 3rd quarter. First Horizon Advisors Inc. now owns 2,282 shares of the construction company’s stock valued at $152,000 after buying an additional 184 shares in the last quarter. Values First Advisors Inc. grew its stake in shares of Trex by 3.6% in the 2nd quarter. Values First Advisors Inc. now owns 6,700 shares of the construction company’s stock valued at $497,000 after buying an additional 230 shares in the last quarter. Finally, ABLE Financial Group LLC increased its holdings in Trex by 3.6% in the second quarter. ABLE Financial Group LLC now owns 6,998 shares of the construction company’s stock worth $519,000 after buying an additional 240 shares during the last quarter. Hedge funds and other institutional investors own 95.96% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms have issued reports on TREX. UBS Group reduced their target price on shares of Trex from $104.00 to $79.00 and set a “neutral” rating for the company in a research note on Wednesday, August 7th. Truist Financial decreased their price objective on shares of Trex from $120.00 to $100.00 and set a “buy” rating for the company in a report on Wednesday, August 7th. JPMorgan Chase & Co. cut their target price on Trex from $95.00 to $69.00 and set a “neutral” rating on the stock in a report on Monday, August 12th. Benchmark decreased their price target on Trex from $105.00 to $80.00 and set a “buy” rating for the company in a research note on Thursday, August 8th. Finally, Bank of America lowered their price objective on Trex from $97.00 to $85.00 and set a “buy” rating on the stock in a report on Wednesday, August 7th. Two research analysts have rated the stock with a sell rating, ten have given a hold rating and six have assigned a buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $79.94.

Trex Price Performance

NYSE:TREX opened at $72.25 on Monday. The stock has a market cap of $7.74 billion, a P/E ratio of 32.99, a PEG ratio of 3.29 and a beta of 1.49. The company has a fifty day moving average price of $67.94 and a 200 day moving average price of $73.18. Trex Company, Inc. has a one year low of $58.68 and a one year high of $101.91.

Trex (NYSE:TREX) last announced its quarterly earnings data on Monday, October 28th. The construction company reported $0.37 EPS for the quarter, beating analysts’ consensus estimates of $0.32 by $0.05. Trex had a net margin of 20.23% and a return on equity of 28.89%. The business had revenue of $233.72 million during the quarter, compared to analyst estimates of $225.42 million. During the same quarter in the prior year, the business earned $0.57 earnings per share. The firm’s revenue for the quarter was down 23.1% on a year-over-year basis. As a group, equities research analysts anticipate that Trex Company, Inc. will post 2.05 EPS for the current 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.