Trex Company, Inc. (NYSE:TREX) Shares Bought by Schechter Investment Advisors LLC

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

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Jacobs Levy Equity Management Inc. acquired a new stake in Trex during the 3rd quarter worth about $4,053,000. Quantbot Technologies LP grew its position in Trex by 81.8% during the 3rd quarter. Quantbot Technologies LP now owns 63,876 shares of the construction company’s stock worth $3,937,000 after purchasing an additional 28,746 shares during the period. Malaga Cove Capital LLC grew its position in Trex by 11.4% during the 3rd quarter. Malaga Cove Capital LLC now owns 15,240 shares of the construction company’s stock worth $939,000 after purchasing an additional 1,559 shares during the period. Algert Global LLC grew its position in shares of 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 acquiring an additional 44,541 shares during the period. Finally, Trexquant Investment LP acquired a new stake in shares of Trex during the 3rd quarter valued at about $6,326,000. 95.96% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

TREX has been the topic of a number of analyst reports. Truist Financial raised their target price on Trex from $70.00 to $120.00 and gave the company a “buy” rating in a research report on Tuesday, February 27th. DA Davidson raised their target price on Trex from $80.00 to $87.00 and gave the company a “neutral” rating in a research report on Tuesday, February 27th. UBS Group raised their target price on Trex from $84.00 to $100.00 and gave the company a “neutral” rating in a research report on Tuesday, February 27th. The Goldman Sachs Group raised their target price on Trex from $89.00 to $108.00 and gave the company a “buy” rating in a research report on Wednesday, February 28th. Finally, Barclays raised their target price on Trex from $74.00 to $86.00 and gave the company an “underweight” rating in a research report on Wednesday, February 28th. Two equities research analysts have rated the stock with a sell rating, nine have given a hold rating and eight have assigned a buy rating to the company’s stock. Based on data from MarketBeat, Trex presently has a consensus rating of “Hold” and an average target price of $86.89.

Trex Price Performance

Shares of Trex stock opened at $99.30 on Thursday. The stock has a market cap of $10.79 billion, a P/E ratio of 52.54, a P/E/G ratio of 2.49 and a beta of 1.58. The stock’s 50 day simple moving average is $90.93 and its 200-day simple moving average is $76.14. Trex Company, Inc. has a 1-year low of $45.86 and a 1-year high of $101.91.

Trex (NYSE:TREX) last issued its earnings results on Monday, February 26th. The construction company reported $0.20 earnings per share for the quarter, topping the consensus estimate of $0.19 by $0.01. The business had revenue of $195.75 million for the quarter, compared to analysts’ expectations of $193.40 million. Trex had a return on equity of 31.26% and a net margin of 18.76%. The business’s revenue for the quarter was up 1.9% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.23 EPS. As a group, research analysts expect that Trex Company, Inc. will post 2.22 EPS for the current fiscal year.

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.