WINTON GROUP Ltd Makes New Investment in Trex Company, Inc. $TREX

WINTON GROUP Ltd acquired a new stake in Trex Company, Inc. (NYSE:TREX) during the third quarter, Holdings Channel.com reports. The fund acquired 19,307 shares of the construction company’s stock, valued at approximately $998,000.

A number of other hedge funds have also recently made changes to their positions in TREX. Russell Investments Group Ltd. increased its position in shares of Trex by 133.8% during the third quarter. Russell Investments Group Ltd. now owns 149,780 shares of the construction company’s stock worth $7,738,000 after acquiring an additional 85,725 shares in the last quarter. Inceptionr LLC lifted its position in Trex by 74.9% in the 3rd quarter. Inceptionr LLC now owns 7,675 shares of the construction company’s stock valued at $397,000 after acquiring an additional 3,288 shares in the last quarter. Dynamic Technology Lab Private Ltd boosted its stake in Trex by 261.0% during the 3rd quarter. Dynamic Technology Lab Private Ltd now owns 30,527 shares of the construction company’s stock valued at $1,577,000 after purchasing an additional 22,071 shares during the last quarter. Natixis Advisors LLC boosted its stake in Trex by 11.7% during the 3rd quarter. Natixis Advisors LLC now owns 758,544 shares of the construction company’s stock valued at $39,194,000 after purchasing an additional 79,291 shares during the last quarter. Finally, Grantham Mayo Van Otterloo & Co. LLC increased its holdings in Trex by 29.8% during the 3rd quarter. Grantham Mayo Van Otterloo & Co. LLC now owns 725,080 shares of the construction company’s stock worth $37,465,000 after purchasing an additional 166,363 shares in the last quarter. 95.96% of the stock is currently owned by institutional investors and hedge funds.

Trex Price Performance

Shares of Trex stock traded down $0.49 during trading hours on Friday, hitting $36.85. 174,580 shares of the company’s stock traded hands, compared to its average volume of 2,090,632. Trex Company, Inc. has a 12-month low of $29.77 and a 12-month high of $68.78. The stock has a market capitalization of $3.90 billion, a price-to-earnings ratio of 20.76, a PEG ratio of 8.77 and a beta of 1.58. The company has a fifty day simple moving average of $41.25 and a 200-day simple moving average of $43.92.

Trex (NYSE:TREX) last issued its quarterly earnings results on Tuesday, February 24th. The construction company reported $0.04 earnings per share for the quarter, topping analysts’ consensus estimates of ($0.01) by $0.05. The company had revenue of $161.13 million for the quarter, compared to the consensus estimate of $144.39 million. Trex had a net margin of 16.22% and a return on equity of 20.29%. The firm’s quarterly revenue was down 3.9% on a year-over-year basis. During the same period in the previous year, the firm earned $0.09 EPS. On average, analysts forecast that Trex Company, Inc. will post 2.04 EPS for the current fiscal year.

Analysts Set New Price Targets

TREX has been the subject of several analyst reports. Citigroup increased their price objective on Trex from $39.00 to $46.00 and gave the stock a “neutral” rating in a research note on Thursday, February 26th. The Goldman Sachs Group set a $54.00 price target on Trex and gave the stock a “buy” rating in a report on Tuesday, December 16th. DA Davidson lifted their price objective on shares of Trex from $50.00 to $51.00 and gave the stock a “buy” rating in a report on Wednesday. Zacks Research upgraded shares of Trex from a “strong sell” rating to a “hold” rating in a research note on Tuesday, February 3rd. Finally, BMO Capital Markets restated an “outperform” rating and set a $54.00 price target on shares of Trex in a report on Thursday, January 8th. Ten equities research analysts have rated the stock with a Buy rating, ten have given a Hold rating and three have given a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $47.78.

About Trex

Trex Company, Inc is a leading manufacturer of wood-alternative decking and railing systems designed for residential and commercial outdoor living environments. The company’s core offerings feature composite decking products made from a proprietary blend of recycled wood fibers and plastic film, which deliver enhanced durability, resistance to rot and insect damage, and low maintenance compared to traditional wood. Trex also provides matching railing, lighting, fencing and cladding solutions that allow customers to create cohesive, high-performance outdoor spaces.

Trex’s product portfolio is organized into multiple performance tiers, including premium, mid-range and value-oriented lines.