American Trust Has $203,000 Position in Trex Company, Inc. (NYSE:TREX)

American Trust lifted its position in shares of Trex Company, Inc. (NYSE:TREX – Get Rating) by 17.8% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 4,623 shares of the construction company’s stock after buying an additional 698 shares during the period. American Trust’s holdings in Trex were worth $203,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently modified their holdings of TREX. Aurora Investment Counsel raised its holdings in Trex by 7.3% during the third quarter. Aurora Investment Counsel now owns 14,456 shares of the construction company’s stock worth $635,000 after acquiring an additional 983 shares in the last quarter. Teachers Retirement System of The State of Kentucky bought a new stake in Trex during the third quarter worth about $781,000. Grandeur Peak Global Advisors LLC bought a new stake in Trex during the third quarter worth about $2,241,000. Balyasny Asset Management LLC raised its holdings in Trex by 27,936.3% during the third quarter. Balyasny Asset Management LLC now owns 1,429,289 shares of the construction company’s stock worth $62,803,000 after acquiring an additional 1,424,191 shares in the last quarter. Finally, CreativeOne Wealth LLC raised its holdings in Trex by 6.1% during the third quarter. CreativeOne Wealth LLC now owns 12,593 shares of the construction company’s stock worth $553,000 after acquiring an additional 729 shares in the last quarter. 94.64% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several analysts have issued reports on the company. B. Riley dropped their price objective on Trex from $65.00 to $62.00 and set a “buy” rating on the stock in a research note on Tuesday, February 28th. Barclays upped their price objective on Trex from $51.00 to $53.00 and gave the company an “equal weight” rating in a research note on Tuesday, February 28th. Loop Capital upped their price objective on Trex from $52.00 to $55.00 and gave the company a “hold” rating in a research note on Tuesday, February 28th. StockNews.com assumed coverage on Trex in a research note on Thursday. They issued a “sell” rating on the stock. Finally, Robert W. Baird upped their price objective on Trex from $52.00 to $58.00 and gave the company a “neutral” rating in a research note on Tuesday, February 28th. Four equities research analysts have rated the stock with a sell rating, six have given a hold rating and six have assigned a buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $59.75.

Trex Price Performance

Shares of NYSE:TREX opened at $46.67 on Friday. The company has a market capitalization of $5.08 billion, a P/E ratio of 28.63, a P/E/G ratio of 9.18 and a beta of 1.49. Trex Company, Inc. has a 1 year low of $38.68 and a 1 year high of $81.19. The business’s 50 day simple moving average is $51.80 and its 200 day simple moving average is $47.75.

Trex (NYSE:TREX – Get Rating) last issued its quarterly earnings results on Monday, February 27th. The construction company reported $0.23 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.22 by $0.01. The business had revenue of $192.10 million for the quarter, compared to the consensus estimate of $185.46 million. Trex had a return on equity of 32.97% and a net margin of 16.69%. The firm’s quarterly revenue was down 36.8% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.55 earnings per share. On average, sell-side analysts anticipate that Trex Company, Inc. will post 1.53 EPS for the current fiscal year.

Trex Profile

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Trex Co, Inc engages in the manufacture of wood-alternative decking and railing. Its products include deck framing and drainage, outdoor lighting, furniture, pergola and outdoor kitchens, fencing, collections, and accessory hardware. It operates through the following segments Trex Residential Products and Trex Commercial Products.