Disciplined Growth Investors Inc. MN decreased its holdings in shares of Trex Company Inc (NYSE:TREX) by 4.9% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 375,117 shares of the construction company’s stock after selling 19,125 shares during the quarter. Disciplined Growth Investors Inc. MN owned 1.28% of Trex worth $33,787,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors have also modified their holdings of the company. Janus Henderson Group PLC acquired a new position in shares of Trex in the second quarter valued at approximately $76,849,000. Eagle Asset Management Inc. increased its stake in shares of Trex by 4.5% in the third quarter. Eagle Asset Management Inc. now owns 975,160 shares of the construction company’s stock valued at $85,258,000 after buying an additional 42,214 shares during the period. Wasatch Advisors Inc. increased its stake in shares of Trex by 9.6% in the second quarter. Wasatch Advisors Inc. now owns 946,311 shares of the construction company’s stock valued at $64,027,000 after buying an additional 83,274 shares during the period. State Street Corp increased its stake in shares of Trex by 4.7% in the second quarter. State Street Corp now owns 724,301 shares of the construction company’s stock valued at $49,003,000 after buying an additional 32,626 shares during the period. Finally, Conestoga Capital Advisors LLC increased its stake in shares of Trex by 14.4% in the third quarter. Conestoga Capital Advisors LLC now owns 592,634 shares of the construction company’s stock valued at $53,379,000 after buying an additional 74,648 shares during the period. 89.09% of the stock is owned by hedge funds and other institutional investors.
Several research analysts have recently issued reports on TREX shares. FBR & Co upped their price objective on Trex from $80.00 to $96.00 and gave the company a “neutral” rating in a research note on Tuesday, October 31st. Stifel Nicolaus lowered their price objective on Trex from $100.00 to $89.00 and set a “hold” rating for the company in a research note on Friday. Zacks Investment Research downgraded Trex from a “buy” rating to a “hold” rating in a research note on Saturday, November 11th. B. Riley reiterated a “hold” rating and issued a $96.00 target price on shares of Trex in a report on Wednesday, November 8th. Finally, BidaskClub cut Trex from a “strong-buy” rating to a “buy” rating in a report on Tuesday, August 22nd. Eight analysts have rated the stock with a hold rating, one has issued a buy rating and one has given a strong buy rating to the company. Trex has a consensus rating of “Hold” and an average target price of $90.00.
Shares of Trex Company Inc (NYSE TREX) traded down $3.26 during mid-day trading on Tuesday, reaching $109.15. The company had a trading volume of 251,700 shares, compared to its average volume of 235,632. Trex Company Inc has a 1-year low of $61.57 and a 1-year high of $118.65. The company has a market capitalization of $3,307.65, a PE ratio of 37.10 and a beta of 2.43.
Trex (NYSE:TREX) last announced its earnings results on Monday, October 30th. The construction company reported $0.68 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.55 by $0.13. Trex had a return on equity of 51.30% and a net margin of 16.61%. The business had revenue of $140.19 million for the quarter, compared to analysts’ expectations of $125.30 million. During the same period in the prior year, the business posted $0.26 earnings per share. The firm’s revenue was up 32.0% on a year-over-year basis. sell-side analysts forecast that Trex Company Inc will post 3.11 EPS for the current year.
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Trex Company Profile
Trex Company, Inc is a manufacturer of wood-alternative decking and railing products. The Company’s products are marketed under the brand name Trex and are manufactured in the United States. It offers a set of outdoor living products in the decking, railing, porch, fencing, trim, steel deck framing and outdoor lighting categories.
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