Wealth Enhancement Advisory Services LLC Boosts Stock Holdings in Trex Company, Inc. $TREX

Wealth Enhancement Advisory Services LLC boosted its position in Trex Company, Inc. (NYSE:TREX) by 71.7% in the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 47,149 shares of the construction company’s stock after purchasing an additional 19,688 shares during the period. Wealth Enhancement Advisory Services LLC’s holdings in Trex were worth $1,776,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also recently made changes to their positions in the company. NorthCrest Asset Manangement LLC purchased a new position in shares of Trex during the 4th quarter valued at $282,000. Green Alpha Advisors LLC grew its stake in shares of Trex by 11.2% during the 4th quarter. Green Alpha Advisors LLC now owns 18,632 shares of the construction company’s stock worth $654,000 after acquiring an additional 1,879 shares during the period. Mirova increased its holdings in Trex by 4.6% in the 3rd quarter. Mirova now owns 38,116 shares of the construction company’s stock worth $1,969,000 after acquiring an additional 1,673 shares during the last quarter. Allworth Financial LP increased its holdings in Trex by 127.0% in the 3rd quarter. Allworth Financial LP now owns 2,159 shares of the construction company’s stock worth $112,000 after acquiring an additional 1,208 shares during the last quarter. Finally, Swiss Life Asset Management Ltd bought a new stake in Trex in the 3rd quarter valued at about $259,000. 95.96% of the stock is currently owned by institutional investors.

Trex Stock Up 0.1%

Shares of NYSE TREX opened at $35.58 on Friday. Trex Company, Inc. has a 52 week low of $29.77 and a 52 week high of $68.78. The business has a 50-day simple moving average of $39.85 and a two-hundred day simple moving average of $41.13. The company has a market cap of $3.70 billion, a P/E ratio of 20.10, a P/E/G ratio of 8.18 and a beta of 1.61.

Trex (NYSE:TREX) last announced its quarterly earnings results on Tuesday, February 24th. The construction company reported $0.04 earnings per share for the quarter, beating 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 firm had revenue of $161.13 million for the quarter, compared to analysts’ expectations of $144.39 million. During the same period in the prior year, the business posted $0.09 earnings per share. The company’s revenue was down 3.9% on a year-over-year basis. Equities research analysts anticipate that Trex Company, Inc. will post 2.04 EPS for the current year.

Wall Street Analyst Weigh In

Several research firms have commented on TREX. Wolfe Research raised shares of Trex from a “peer perform” rating to an “outperform” rating and set a $47.00 price objective on the stock in a report on Wednesday, January 7th. Wall Street Zen upgraded shares of Trex from a “sell” rating to a “hold” rating in a research note on Saturday, February 28th. Robert W. Baird set a $48.00 price target on shares of Trex in a research report on Monday, January 12th. Zacks Research upgraded shares of Trex from a “strong sell” rating to a “hold” rating in a research note on Tuesday, February 3rd. Finally, UBS Group lifted their price objective on shares of Trex from $52.00 to $58.00 and gave the company a “buy” rating in a research note on Wednesday, February 25th. Ten equities research analysts have rated the stock with a Buy rating, ten have issued a Hold rating and three have issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $47.78.

Trex 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.