Schechter Investment Advisors LLC Purchases 267 Shares of Trex Company, Inc. (NYSE:TREX)

Schechter Investment Advisors LLC boosted its stake in shares of Trex Company, Inc. (NYSE:TREX) by 1.8% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 14,901 shares of the construction company’s stock after purchasing an additional 267 shares during the quarter. Schechter Investment Advisors LLC’s holdings in Trex were worth $1,234,000 at the end of the most recent quarter.

Other large investors have also recently bought and sold shares of the company. Jacobs Levy Equity Management Inc. acquired a new position in Trex during the 3rd quarter valued at $4,053,000. Quantbot Technologies LP raised its stake in Trex by 81.8% during the 3rd quarter. Quantbot Technologies LP now owns 63,876 shares of the construction company’s stock valued at $3,937,000 after purchasing an additional 28,746 shares during the last quarter. Malaga Cove Capital LLC raised its stake in Trex by 11.4% during the 3rd quarter. Malaga Cove Capital LLC now owns 15,240 shares of the construction company’s stock valued at $939,000 after purchasing an additional 1,559 shares during the last quarter. Algert Global LLC raised its stake in Trex by 66.7% during the 3rd quarter. Algert Global LLC now owns 111,289 shares of the construction company’s stock valued at $6,859,000 after purchasing an additional 44,541 shares during the last quarter. Finally, Trexquant Investment LP acquired a new position in Trex during the 3rd quarter valued at $6,326,000. 95.96% of the stock is currently owned by institutional investors and hedge funds.

Trex Stock Performance

Shares of TREX stock opened at $99.30 on Thursday. The company has a market capitalization of $10.79 billion, a P/E ratio of 52.54, a price-to-earnings-growth ratio of 2.49 and a beta of 1.58. The company’s 50 day moving average price is $90.93 and its two-hundred day moving average price is $76.14. Trex Company, Inc. has a 52 week low of $45.86 and a 52 week high of $101.91.

Trex (NYSE:TREX) last posted its quarterly earnings data on Monday, February 26th. The construction company reported $0.20 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.19 by $0.01. Trex had a net margin of 18.76% and a return on equity of 31.26%. The company had revenue of $195.75 million for the quarter, compared to the consensus estimate of $193.40 million. During the same period last year, the company earned $0.23 earnings per share. The firm’s revenue was up 1.9% compared to the same quarter last year. Analysts forecast that Trex Company, Inc. will post 2.22 earnings per share for the current year.

Analyst Ratings Changes

A number of equities analysts have recently issued reports on TREX shares. Wolfe Research started coverage on shares of Trex in a research note on Tuesday, December 12th. They issued a “peer perform” rating for the company. Benchmark increased their target price on shares of Trex from $85.00 to $105.00 and gave the stock a “buy” rating in a research report on Friday, March 1st. JPMorgan Chase & Co. increased their target price on shares of Trex from $79.00 to $93.00 and gave the stock a “neutral” rating in a research report on Friday, March 1st. Stifel Nicolaus increased their target price on shares of Trex from $90.00 to $107.00 and gave the stock a “buy” rating in a research report on Tuesday, February 27th. Finally, UBS Group increased their target price on shares of Trex from $84.00 to $100.00 and gave the stock a “neutral” rating in a research report on Tuesday, February 27th. Two investment analysts have rated the stock with a sell rating, nine have issued a hold rating and eight have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $86.89.

About Trex

Trex Company, Inc manufactures and distributes composite decking, railing, and outdoor living products and accessories for residential and commercial markets in the United States. It offers decking products and accessories under the names Trex Transcend, Trex Select, Trex Signature, Trex Transcend Lineage, and Trex Enhance for protection against fading, staining, mold, and scratching; Trex Hideaway, a hidden fastening system; and Trex DeckLighting, a LED dimmable deck lighting for use on posts, floors, and steps.