Erste Asset Management GmbH Has $1.71 Million Holdings in Trex Company, Inc. $TREX

Erste Asset Management GmbH reduced its position in Trex Company, Inc. (NYSE:TREX) by 78.4% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 48,010 shares of the construction company’s stock after selling 174,741 shares during the period. Erste Asset Management GmbH’s holdings in Trex were worth $1,705,000 at the end of the most recent quarter.

Several other hedge funds also recently bought and sold shares of TREX. V Square Quantitative Management LLC acquired a new position in shares of Trex during the 4th quarter valued at about $27,000. Clearstead Trust LLC acquired a new position in shares of Trex during the 4th quarter valued at about $33,000. Eurizon Capital SGR S.p.A. acquired a new position in shares of Trex during the 4th quarter valued at about $47,000. Rothschild Investment LLC acquired a new position in shares of Trex during the 3rd quarter valued at about $60,000. Finally, Covestor Ltd increased its holdings in shares of Trex by 1,365.4% during the 4th quarter. Covestor Ltd now owns 1,905 shares of the construction company’s stock valued at $67,000 after acquiring an additional 1,775 shares during the last quarter. 95.96% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of research analysts have recently commented on the company. UBS Group reissued a “buy” rating and set a $59.00 price objective (up from $58.00) on shares of Trex in a report on Friday, May 8th. Weiss Ratings raised Trex from a “sell (d+)” rating to a “hold (c-)” rating in a report on Monday, May 11th. Loop Capital raised Trex from a “hold” rating to a “buy” rating and increased their price objective for the company from $45.00 to $53.00 in a report on Wednesday, February 25th. Bank of America lowered their price objective on Trex from $43.00 to $42.00 and set an “underperform” rating on the stock in a report on Monday, April 20th. Finally, DA Davidson reissued a “buy” rating and set a $51.00 price objective on shares of Trex in a report on Friday, June 5th. Eleven analysts have rated the stock with a Buy rating, nine have given a Hold rating and two have assigned a Sell rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $46.42.

Trex Stock Down 3.3%

TREX opened at $42.94 on Thursday. The firm has a market capitalization of $4.46 billion, a P/E ratio of 23.99, a price-to-earnings-growth ratio of 9.00 and a beta of 1.51. The stock’s 50 day moving average price is $39.80 and its two-hundred day moving average price is $39.01. Trex Company, Inc. has a 12-month low of $29.77 and a 12-month high of $68.78.

Trex (NYSE:TREX) last released 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. The firm had revenue of $343.40 million for the quarter, compared to analyst estimates of $339.99 million. Trex had a return on equity of 19.66% and a net margin of 16.25%.The company’s revenue was up 1.0% on a year-over-year basis. During the same quarter last year, the firm posted $0.60 EPS. As a group, analysts anticipate that Trex Company, Inc. will post 1.68 earnings per share for the current year.

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.