Xponance Inc. Has $1.95 Million Position in Trex Company, Inc. (NYSE:TREX)

Xponance Inc. lowered its stake in shares of Trex Company, Inc. (NYSE:TREX) by 3.8% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 23,576 shares of the construction company’s stock after selling 927 shares during the period. Xponance Inc.’s holdings in Trex were worth $1,952,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of the stock. Clearbridge Investments LLC boosted its stake in shares of Trex by 0.9% during the 3rd quarter. Clearbridge Investments LLC now owns 4,717,338 shares of the construction company’s stock valued at $290,730,000 after buying an additional 43,653 shares during the period. Artisan Partners Limited Partnership raised its holdings in shares of Trex by 7.5% during the 3rd quarter. Artisan Partners Limited Partnership now owns 3,441,866 shares of the construction company’s stock valued at $212,122,000 after purchasing an additional 240,850 shares in the last quarter. Conestoga Capital Advisors LLC raised its holdings in shares of Trex by 0.7% during the 4th quarter. Conestoga Capital Advisors LLC now owns 1,886,128 shares of the construction company’s stock valued at $156,153,000 after purchasing an additional 13,545 shares in the last quarter. Lord Abbett & CO. LLC raised its holdings in shares of Trex by 97.8% during the 3rd quarter. Lord Abbett & CO. LLC now owns 1,239,723 shares of the construction company’s stock valued at $76,404,000 after purchasing an additional 612,832 shares in the last quarter. Finally, Invesco Ltd. raised its holdings in shares of Trex by 69.3% during the 3rd quarter. Invesco Ltd. now owns 921,821 shares of the construction company’s stock valued at $56,812,000 after purchasing an additional 377,377 shares in the last quarter. Institutional investors and hedge funds own 95.96% of the company’s stock.

Trex Stock Up 2.7 %

NYSE:TREX opened at $90.17 on Wednesday. Trex Company, Inc. has a 12-month low of $51.03 and a 12-month high of $101.91. The firm has a market capitalization of $9.79 billion, a PE ratio of 47.71, a price-to-earnings-growth ratio of 2.02 and a beta of 1.60. The firm has a 50-day moving average price of $94.09 and a 200 day moving average price of $80.00.

Trex (NYSE:TREX) last posted its quarterly earnings results on Monday, February 26th. The construction company reported $0.20 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.19 by $0.01. The firm had revenue of $195.75 million during the quarter, compared to analyst estimates of $193.40 million. Trex had a net margin of 18.76% and a return on equity of 31.26%. The company’s quarterly revenue was up 1.9% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.23 earnings per share. On average, research analysts expect that Trex Company, Inc. will post 2.21 EPS for the current year.

Analysts Set New Price Targets

A number of research firms have recently weighed in on TREX. Barclays raised their price target on shares of Trex from $86.00 to $93.00 and gave the company an “underweight” rating in a report on Thursday, April 4th. The Goldman Sachs Group raised their price target on shares of Trex from $89.00 to $108.00 and gave the company a “buy” rating in a report on Wednesday, February 28th. Stifel Nicolaus raised their price target on shares of Trex from $90.00 to $107.00 and gave the company a “buy” rating in a report on Tuesday, February 27th. Truist Financial lifted their target price on shares of Trex from $70.00 to $120.00 and gave the stock a “buy” rating in a report on Tuesday, February 27th. Finally, DA Davidson lifted their target price on shares of Trex from $80.00 to $87.00 and gave the stock a “neutral” rating in a report on Tuesday, February 27th. Two research analysts have rated the stock with a sell rating, nine have issued a hold rating and eight have issued a buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $88.72.

Trex Company Profile

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.