Trex Company, Inc. $TREX Stock Position Lowered by UBS Group AG

UBS Group AG lessened its position in Trex Company, Inc. (NYSE:TREX) by 79.2% in the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 95,130 shares of the construction company’s stock after selling 361,298 shares during the quarter. UBS Group AG owned approximately 0.09% of Trex worth $3,337,000 as of its most recent filing with the SEC.

Several other hedge funds have also made changes to their positions in the company. Alliancebernstein L.P. lifted its position in shares of Trex by 1.9% in the 3rd quarter. Alliancebernstein L.P. now owns 7,543,925 shares of the construction company’s stock valued at $389,795,000 after acquiring an additional 142,215 shares in the last quarter. American Century Companies Inc. lifted its position in shares of Trex by 2.5% in the 3rd quarter. American Century Companies Inc. now owns 2,191,472 shares of the construction company’s stock valued at $113,233,000 after acquiring an additional 53,554 shares in the last quarter. Wellington Management Group LLP lifted its position in shares of Trex by 86.8% in the 3rd quarter. Wellington Management Group LLP now owns 1,974,096 shares of the construction company’s stock valued at $102,002,000 after acquiring an additional 917,448 shares in the last quarter. Impax Asset Management Group plc lifted its position in shares of Trex by 93.0% in the 3rd quarter. Impax Asset Management Group plc now owns 1,934,581 shares of the construction company’s stock valued at $99,354,000 after acquiring an additional 932,247 shares in the last quarter. Finally, Madison Asset Management LLC lifted its position in shares of Trex by 1.2% in the 3rd quarter. Madison Asset Management LLC now owns 1,893,081 shares of the construction company’s stock valued at $97,815,000 after acquiring an additional 22,027 shares in the last quarter. Hedge funds and other institutional investors own 95.96% of the company’s stock.

Trex Trading Down 0.1%

NYSE:TREX opened at $39.16 on Monday. Trex Company, Inc. has a 1 year low of $29.77 and a 1 year high of $68.78. The firm’s fifty day simple moving average is $38.62 and its 200 day simple moving average is $38.24. The firm has a market capitalization of $4.07 billion, a PE ratio of 21.88, a PEG ratio of 7.94 and a beta of 1.51.

Trex (NYSE:TREX) last posted its earnings results on Thursday, May 7th. The construction company reported $0.59 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.51 by $0.08. Trex had a net margin of 16.25% and a return on equity of 19.66%. The business had revenue of $343.40 million for the quarter, compared to analyst estimates of $339.99 million. During the same period last year, the business posted $0.60 EPS. Trex’s revenue was up 1.0% compared to the same quarter last year. As a group, analysts anticipate that Trex Company, Inc. will post 1.68 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several brokerages recently commented on TREX. UBS Group restated a “buy” rating and issued a $59.00 price target (up from $58.00) on shares of Trex in a research report on Friday, May 8th. DA Davidson upped their price target on shares of Trex from $50.00 to $51.00 and gave the company a “buy” rating in a research report on Wednesday, March 11th. Loop Capital upgraded shares of Trex from a “hold” rating to a “buy” rating and upped their price target for the company from $45.00 to $53.00 in a research report on Wednesday, February 25th. Zacks Research upgraded shares of Trex from a “strong sell” rating to a “hold” rating in a research report on Tuesday, February 3rd. Finally, Stifel Nicolaus upped their price objective on shares of Trex from $40.00 to $44.00 and gave the company a “hold” rating in a research note on Monday, May 11th. Eleven investment analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat, Trex presently has a consensus rating of “Hold” and a consensus price target of $46.42.

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.