Trex Company, Inc. (NYSE:TREX) Shares Sold by NBC Securities Inc.

NBC Securities Inc. trimmed its holdings in shares of Trex Company, Inc. (NYSE:TREXFree Report) by 7.5% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 4,801 shares of the construction company’s stock after selling 390 shares during the period. NBC Securities Inc.’s holdings in Trex were worth $397,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. Loomis Sayles & Co. L P acquired a new position in Trex during the 3rd quarter valued at about $27,000. Contravisory Investment Management Inc. acquired a new stake in Trex in the fourth quarter worth approximately $28,000. Headinvest LLC bought a new position in Trex during the 3rd quarter valued at $29,000. Larson Financial Group LLC boosted its stake in Trex by 6,100.0% during the 3rd quarter. Larson Financial Group LLC now owns 682 shares of the construction company’s stock valued at $42,000 after purchasing an additional 671 shares in the last quarter. Finally, Vestor Capital LLC bought a new stake in shares of Trex in the 4th quarter worth $47,000. 95.96% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

TREX has been the topic of a number of research analyst reports. Truist Financial lifted their target price on Trex from $70.00 to $120.00 and gave the stock a “buy” rating in a report on Tuesday, February 27th. JPMorgan Chase & Co. boosted their target price on shares of Trex from $79.00 to $93.00 and gave the stock a “neutral” rating in a report on Friday, March 1st. Robert W. Baird reduced their target price on shares of Trex from $110.00 to $105.00 and set a “neutral” rating for the company in a report on Friday, May 10th. DA Davidson upped their price target on Trex from $80.00 to $87.00 and gave the company a “neutral” rating in a report on Tuesday, February 27th. Finally, Benchmark reissued a “buy” rating and set a $105.00 price objective on shares of Trex in a research note on Tuesday. Two research analysts have rated the stock with a sell rating, nine have issued a hold rating and eight have given a buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $89.47.

View Our Latest Analysis on TREX

Trex Stock Performance

Shares of NYSE TREX opened at $88.49 on Wednesday. The business has a 50 day simple moving average of $93.38 and a 200 day simple moving average of $83.77. Trex Company, Inc. has a 52 week low of $51.03 and a 52 week high of $101.91. The stock has a market cap of $9.62 billion, a price-to-earnings ratio of 37.98, a PEG ratio of 1.94 and a beta of 1.60.

Trex (NYSE:TREXGet Free Report) last announced its quarterly earnings results on Thursday, May 9th. The construction company reported $0.82 EPS for the quarter, topping the consensus estimate of $0.72 by $0.10. Trex had a net margin of 20.60% and a return on equity of 35.33%. The company had revenue of $373.64 million for the quarter, compared to analyst estimates of $367.31 million. During the same quarter in the prior year, the business posted $0.38 EPS. Trex’s quarterly revenue was up 56.5% on a year-over-year basis. On average, analysts predict that Trex Company, Inc. will post 2.24 EPS for the current year.

Trex Company Profile

(Free Report)

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.

Featured Articles

Want to see what other hedge funds are holding TREX? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Trex Company, Inc. (NYSE:TREXFree Report).

Institutional Ownership by Quarter for Trex (NYSE:TREX)

Receive News & Ratings for Trex Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Trex and related companies with MarketBeat.com's FREE daily email newsletter.