Night Squared LP Grows Holdings in Trex Company, Inc. $TREX

Night Squared LP boosted its position in Trex Company, Inc. (NYSE:TREX) by 213.4% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 69,827 shares of the construction company’s stock after buying an additional 47,546 shares during the quarter. Night Squared LP owned 0.07% of Trex worth $3,608,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. AQR Capital Management LLC increased its position in shares of Trex by 3.2% during the first quarter. AQR Capital Management LLC now owns 5,642 shares of the construction company’s stock worth $320,000 after acquiring an additional 177 shares during the last quarter. ProShare Advisors LLC grew its holdings in Trex by 4.1% during the 2nd quarter. ProShare Advisors LLC now owns 4,754 shares of the construction company’s stock worth $259,000 after acquiring an additional 189 shares in the last quarter. Benjamin Edwards Inc. increased its position in shares of Trex by 1.9% in the 2nd quarter. Benjamin Edwards Inc. now owns 11,240 shares of the construction company’s stock worth $611,000 after purchasing an additional 214 shares during the last quarter. Park Avenue Securities LLC increased its position in shares of Trex by 3.0% in the 3rd quarter. Park Avenue Securities LLC now owns 8,692 shares of the construction company’s stock worth $449,000 after purchasing an additional 253 shares during the last quarter. Finally, Hsbc Holdings PLC raised its stake in shares of Trex by 6.3% in the 2nd quarter. Hsbc Holdings PLC now owns 5,403 shares of the construction company’s stock valued at $294,000 after purchasing an additional 322 shares in the last quarter. 95.96% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on the company. Wolfe Research upgraded Trex from a “peer perform” rating to an “outperform” rating and set a $47.00 price target for the company in a research note on Wednesday, January 7th. Benchmark cut Trex from a “buy” rating to a “hold” rating in a research note on Wednesday, February 11th. Zacks Research raised Trex from a “strong sell” rating to a “hold” rating in a report on Tuesday, February 3rd. Barclays lifted their target price on Trex from $32.00 to $39.00 and gave the stock an “underweight” rating in a research report on Wednesday, February 25th. Finally, The Goldman Sachs Group set a $54.00 price target on Trex and gave the company a “buy” rating in a research report on Tuesday, December 16th. Ten analysts have rated the stock with a Buy rating, ten have given a Hold rating and three have assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $47.78.

Trex Trading Up 0.3%

Shares of NYSE:TREX opened at $37.47 on Friday. The firm’s 50 day moving average is $41.29 and its two-hundred day moving average is $43.74. Trex Company, Inc. has a 52 week low of $29.77 and a 52 week high of $68.78. The firm has a market capitalization of $3.96 billion, a P/E ratio of 21.17, a PEG ratio of 8.59 and a beta of 1.58.

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

Trex Company Profile

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.