WoodTrust Financial Corp Acquires Shares of 3,000 Trex Company, Inc. (NYSE:TREX)

WoodTrust Financial Corp bought a new position in shares of Trex Company, Inc. (NYSE:TREX) in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm bought 3,000 shares of the construction company’s stock, valued at approximately $207,000.

Several other large investors have also recently modified their holdings of the business. L & S Advisors Inc bought a new position in Trex in the 3rd quarter worth approximately $1,000,000. Algert Global LLC boosted its holdings in shares of Trex by 81.3% in the third quarter. Algert Global LLC now owns 86,300 shares of the construction company’s stock worth $5,746,000 after acquiring an additional 38,700 shares during the period. Curi RMB Capital LLC grew its position in shares of Trex by 27.2% in the third quarter. Curi RMB Capital LLC now owns 68,149 shares of the construction company’s stock valued at $4,537,000 after purchasing an additional 14,558 shares in the last quarter. Dynamic Technology Lab Private Ltd raised its stake in shares of Trex by 237.6% during the 3rd quarter. Dynamic Technology Lab Private Ltd now owns 53,084 shares of the construction company’s stock valued at $3,534,000 after purchasing an additional 37,362 shares during the period. Finally, Entropy Technologies LP lifted its holdings in Trex by 287.1% during the 3rd quarter. Entropy Technologies LP now owns 16,811 shares of the construction company’s stock worth $1,119,000 after purchasing an additional 12,468 shares in the last quarter. Hedge funds and other institutional investors own 95.96% of the company’s stock.

Insider Buying and Selling at Trex

In other news, Director Melkeya Mcduffie sold 1,420 shares of the stock in a transaction that occurred on Friday, February 28th. The stock was sold at an average price of $61.88, for a total transaction of $87,869.60. Following the completion of the sale, the director now owns 1,705 shares of the company’s stock, valued at approximately $105,505.40. This represents a 45.44 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Company insiders own 0.71% of the company’s stock.

Trex Trading Down 2.3 %

Shares of NYSE TREX opened at $58.22 on Wednesday. The stock has a market cap of $6.24 billion, a price-to-earnings ratio of 26.58, a P/E/G ratio of 2.51 and a beta of 1.51. The stock’s 50-day moving average is $68.73 and its 200 day moving average is $68.73. Trex Company, Inc. has a 1-year low of $56.31 and a 1-year high of $100.77.

Trex (NYSE:TREX) last announced its quarterly earnings data on Monday, February 24th. The construction company reported $0.09 earnings per share for the quarter, topping analysts’ consensus estimates of $0.04 by $0.05. Trex had a net margin of 20.23% and a return on equity of 28.89%. The firm had revenue of $167.63 million during the quarter, compared to analyst estimates of $160.54 million. On average, analysts forecast that Trex Company, Inc. will post 2.04 EPS for the current fiscal year.

Analysts Set New Price Targets

TREX has been the subject of a number of recent analyst reports. Citigroup reduced their target price on Trex from $84.00 to $78.00 and set a “neutral” rating for the company in a report on Monday, January 6th. Jefferies Financial Group reduced their price objective on shares of Trex from $81.00 to $71.00 and set a “hold” rating for the company in a research note on Tuesday, February 25th. DA Davidson reaffirmed a “neutral” rating and set a $74.00 target price on shares of Trex in a report on Tuesday, February 25th. UBS Group cut their price target on shares of Trex from $76.00 to $74.00 and set a “neutral” rating for the company in a report on Tuesday, February 25th. Finally, Truist Financial decreased their price target on shares of Trex from $100.00 to $90.00 and set a “buy” rating on the stock in a report on Tuesday, February 25th. Two investment analysts have rated the stock with a sell rating, nine have assigned a hold rating and six have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $78.38.

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.