Dynamic Technology Lab Private Ltd Has $1.58 Million Stock Holdings in Trex Company, Inc. $TREX

Dynamic Technology Lab Private Ltd grew its holdings in Trex Company, Inc. (NYSE:TREX) by 261.0% during the 3rd quarter, according to the company in its most recent filing with the SEC. The fund owned 30,527 shares of the construction company’s stock after purchasing an additional 22,071 shares during the period. Dynamic Technology Lab Private Ltd’s holdings in Trex were worth $1,577,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. Norges Bank bought a new stake in shares of Trex during the 2nd quarter worth $54,795,000. Impax Asset Management Group plc boosted its stake in Trex by 93.0% in the third quarter. Impax Asset Management Group plc now owns 1,934,581 shares of the construction company’s stock valued at $99,354,000 after buying an additional 932,247 shares in the last quarter. Federated Hermes Inc. grew its position in Trex by 90.6% in the third quarter. Federated Hermes Inc. now owns 1,469,878 shares of the construction company’s stock valued at $75,949,000 after acquiring an additional 698,628 shares during the last quarter. Bank of America Corp DE raised its stake in Trex by 93.1% during the second quarter. Bank of America Corp DE now owns 1,299,381 shares of the construction company’s stock worth $70,660,000 after acquiring an additional 626,452 shares in the last quarter. Finally, Goldman Sachs Group Inc. raised its stake in Trex by 91.3% during the first quarter. Goldman Sachs Group Inc. now owns 822,772 shares of the construction company’s stock worth $47,803,000 after acquiring an additional 392,715 shares in the last quarter. Institutional investors and hedge funds own 95.96% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on TREX shares. Zacks Research upgraded shares of Trex from a “strong sell” rating to a “hold” rating in a research note on Tuesday, February 3rd. Wolfe Research upgraded shares of Trex from a “peer perform” rating to an “outperform” rating and set a $47.00 price objective for the company in a research report on Wednesday, January 7th. Robert W. Baird set a $48.00 price objective on shares of Trex in a research note on Monday, January 12th. DA Davidson upgraded shares of Trex from a “neutral” rating to a “buy” rating and raised their target price for the company from $45.00 to $50.00 in a research report on Monday, January 12th. Finally, Barclays upped their price target on shares of Trex from $32.00 to $39.00 and gave the stock an “underweight” rating in a report on Wednesday, February 25th. Ten equities research analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and three have given a Sell rating to the stock. Based on data from MarketBeat.com, Trex currently has an average rating of “Hold” and an average target price of $47.73.

Trex Price Performance

Trex stock opened at $37.63 on Friday. The business has a 50 day moving average of $41.08 and a 200-day moving average of $44.49. Trex Company, Inc. has a 1 year low of $29.77 and a 1 year high of $68.78. The company has a market capitalization of $3.98 billion, a P/E ratio of 21.26, a P/E/G ratio of 8.63 and a beta of 1.58.

Trex (NYSE:TREX) last posted its earnings results on Tuesday, February 24th. The construction company reported $0.04 EPS for the quarter, topping the consensus estimate of ($0.01) by $0.05. Trex had a net margin of 16.22% and a return on equity of 20.29%. The business had revenue of $161.13 million for the quarter, compared to the consensus estimate of $144.39 million. During the same period last year, the company earned $0.09 EPS. The firm’s revenue was down 3.9% compared to the same quarter last year. Equities analysts anticipate that Trex Company, Inc. will post 2.04 EPS 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.