Blair William & Co. IL Increases Stock Position in Trex Company, Inc. (NYSE:TREX)

Blair William & Co. IL increased its position in shares of Trex Company, Inc. (NYSE:TREX) by 0.6% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,144,126 shares of the construction company’s stock after buying an additional 6,901 shares during the period. Blair William & Co. IL owned about 1.05% of Trex worth $84,803,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in TREX. Vident Advisory LLC purchased a new stake in shares of Trex during the first quarter worth about $4,013,000. Comerica Bank grew its stake in Trex by 3.8% during the 1st quarter. Comerica Bank now owns 217,435 shares of the construction company’s stock valued at $21,689,000 after purchasing an additional 8,036 shares in the last quarter. Broad Bay Capital Management LP increased its holdings in Trex by 3.8% during the 4th quarter. Broad Bay Capital Management LP now owns 415,000 shares of the construction company’s stock worth $34,358,000 after purchasing an additional 15,000 shares during the last quarter. Fisher Asset Management LLC raised its position in shares of Trex by 4.8% in the 4th quarter. Fisher Asset Management LLC now owns 98,720 shares of the construction company’s stock valued at $8,173,000 after purchasing an additional 4,534 shares in the last quarter. Finally, Duality Advisers LP boosted its stake in shares of Trex by 54.1% during the 1st quarter. Duality Advisers LP now owns 47,677 shares of the construction company’s stock valued at $4,756,000 after buying an additional 16,738 shares during the last quarter. Hedge funds and other institutional investors own 95.96% of the company’s stock.

Trex Stock Up 2.5 %

Shares of NYSE:TREX opened at $67.86 on Wednesday. The company’s 50-day moving average price is $70.18 and its 200 day moving average price is $81.91. The company has a market cap of $7.38 billion, a PE ratio of 29.12, a P/E/G ratio of 2.18 and a beta of 1.50. Trex Company, Inc. has a fifty-two week low of $53.59 and a fifty-two week high of $101.91.

Trex (NYSE:TREX) last released its quarterly earnings results on Tuesday, August 6th. The construction company reported $0.80 earnings per share for the quarter, beating analysts’ consensus estimates of $0.78 by $0.02. Trex had a return on equity of 33.53% and a net margin of 21.07%. The company had revenue of $376.47 million for the quarter, compared to analysts’ expectations of $387.87 million. During the same quarter in the previous year, the company posted $0.71 earnings per share. The business’s revenue for the quarter was up 5.6% compared to the same quarter last year. As a group, equities analysts anticipate that Trex Company, Inc. will post 2.03 EPS for the current year.

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on the stock. Citigroup cut their price target on shares of Trex from $94.00 to $80.00 and set a “neutral” rating on the stock in a report on Thursday, July 11th. Robert W. Baird cut their target price on shares of Trex from $88.00 to $70.00 and set a “neutral” rating on the stock in a research note on Wednesday, August 7th. Bank of America reduced their price target on shares of Trex from $97.00 to $85.00 and set a “buy” rating on the stock in a research report on Wednesday, August 7th. UBS Group lowered their price objective on Trex from $104.00 to $79.00 and set a “neutral” rating for the company in a report on Wednesday, August 7th. Finally, Benchmark reduced their target price on Trex from $105.00 to $80.00 and set a “buy” rating on the stock in a report on Thursday, August 8th. Two analysts have rated the stock with a sell rating, nine have given a hold rating and six have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $80.88.

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.