Windsor Advisory Group LLC Invests $619,000 in Trex Company, Inc. $TREX

Windsor Advisory Group LLC bought a new stake in Trex Company, Inc. (NYSE:TREX) in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 12,380 shares of the construction company’s stock, valued at approximately $619,000. Trex makes up about 0.4% of Windsor Advisory Group LLC’s investment portfolio, making the stock its 29th largest position.

Several other large investors also recently modified their holdings of TREX. AQR Capital Management LLC increased its stake in Trex by 3.2% during the 1st quarter. AQR Capital Management LLC now owns 5,642 shares of the construction company’s stock worth $320,000 after purchasing an additional 177 shares in the last quarter. Goldman Sachs Group Inc. increased its stake in Trex by 91.3% in the 1st quarter. Goldman Sachs Group Inc. now owns 822,772 shares of the construction company’s stock valued at $47,803,000 after buying an additional 392,715 shares during the last quarter. Hsbc Holdings PLC increased its position in shares of Trex by 6.3% in the second quarter. Hsbc Holdings PLC now owns 5,403 shares of the construction company’s stock valued at $294,000 after acquiring an additional 322 shares during the last quarter. First Trust Advisors LP grew its stake in Trex by 535.1% in the second quarter. First Trust Advisors LP now owns 22,038 shares of the construction company’s stock valued at $1,198,000 after purchasing an additional 18,568 shares in the last quarter. Finally, Jump Financial LLC acquired a new position in shares of Trex during the 2nd quarter worth approximately $1,055,000. 95.96% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on TREX. Stephens upped their price objective on Trex from $45.00 to $50.00 and gave the stock an “equal weight” rating in a research note on Tuesday, July 28th. Zelman & Associates raised shares of Trex from a “neutral” rating to an “outperform” rating and set a $50.00 target price for the company in a research note on Monday, May 18th. Weiss Ratings downgraded shares of Trex from a “hold (c)” rating to a “hold (c-)” rating in a report on Tuesday, August 18th. Zacks Research raised shares of Trex from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, July 15th. Finally, Wall Street Zen upgraded shares of Trex from a “sell” rating to a “hold” rating in a research note on Sunday, July 12th. One investment analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating, nine have assigned a Hold rating and two have issued a Sell rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $49.30.

Trex Price Performance

TREX opened at $46.75 on Thursday. The business has a fifty day simple moving average of $46.76 and a 200 day simple moving average of $42.45. Trex Company, Inc. has a 1 year low of $29.77 and a 1 year high of $66.06. The company has a market capitalization of $4.86 billion, a PE ratio of 27.83, a price-to-earnings-growth ratio of 3.23 and a beta of 1.48.

Trex (NYSE:TREX) last released its quarterly earnings results on Tuesday, August 4th. The construction company reported $0.62 EPS for the quarter, missing analysts’ consensus estimates of $0.63 by ($0.01). The business had revenue of $418.02 million for the quarter, compared to the consensus estimate of $415.71 million. Trex had a return on equity of 18.03% and a net margin of 14.68%.Trex’s revenue was up 7.8% compared to the same quarter last year. During the same period in the prior year, the business posted $0.71 earnings per share. Equities analysts anticipate that Trex Company, Inc. will post 1.76 earnings per share for the current fiscal year.

Insider Activity at Trex

In related news, SVP Amy M. Fernandez sold 1,050 shares of the stock in a transaction that occurred on Friday, August 7th. The stock was sold at an average price of $50.07, for a total transaction of $52,573.50. Following the sale, the senior vice president owned 67,794 shares of the company’s stock, valued at $3,394,445.58. This represents a 1.53% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, SVP Jacob T. Rudolph sold 1,400 shares of the stock in a transaction that occurred on Thursday, June 25th. The stock was sold at an average price of $50.00, for a total value of $70,000.00. Following the sale, the senior vice president directly owned 36,631 shares in the company, valued at $1,831,550. This represents a 3.68% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.93% of the stock is currently owned by company insiders.

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.