L & S Advisors Inc Takes $1 Million Position in Trex Company, Inc. (NYSE:TREX)

L & S Advisors Inc purchased a new position in Trex Company, Inc. (NYSE:TREX) during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 15,013 shares of the construction company’s stock, valued at approximately $1,000,000.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the company. Hantz Financial Services Inc. bought a new position in shares of Trex in the 2nd quarter worth about $31,000. UMB Bank n.a. lifted its stake in Trex by 150.8% during the 3rd quarter. UMB Bank n.a. now owns 652 shares of the construction company’s stock valued at $43,000 after acquiring an additional 392 shares during the period. Ashton Thomas Private Wealth LLC bought a new stake in shares of Trex in the second quarter worth approximately $44,000. Quarry LP raised its holdings in shares of Trex by 576.4% during the second quarter. Quarry LP now owns 602 shares of the construction company’s stock valued at $45,000 after purchasing an additional 513 shares during the last quarter. Finally, Mather Group LLC. lifted its position in Trex by 142.3% during the second quarter. Mather Group LLC. now owns 630 shares of the construction company’s stock valued at $47,000 after purchasing an additional 370 shares during the period. Hedge funds and other institutional investors own 95.96% of the company’s stock.

Trex Trading Up 2.1 %

Shares of NYSE TREX opened at $70.34 on Friday. The stock has a market capitalization of $7.54 billion, a price-to-earnings ratio of 32.19, a P/E/G ratio of 3.07 and a beta of 1.49. Trex Company, Inc. has a 12-month low of $58.68 and a 12-month high of $101.91. The firm’s 50-day moving average price is $67.69 and its 200-day moving average price is $73.61.

Trex (NYSE:TREX) last posted its quarterly earnings data on Monday, October 28th. The construction company reported $0.37 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.32 by $0.05. Trex had a return on equity of 28.89% and a net margin of 20.23%. The business had revenue of $233.72 million during the quarter, compared to analyst estimates of $225.42 million. During the same period last year, the company earned $0.57 EPS. The company’s revenue for the quarter was down 23.1% on a year-over-year basis. On average, equities analysts predict that Trex Company, Inc. will post 2.05 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of equities research analysts have weighed in on TREX shares. BMO Capital Markets boosted their target price on shares of Trex from $67.00 to $72.00 and gave the company a “market perform” rating in a research note on Tuesday, October 29th. UBS Group reduced their price target on shares of Trex from $104.00 to $79.00 and set a “neutral” rating for the company in a research report on Wednesday, August 7th. Jefferies Financial Group reduced their target price on shares of Trex from $77.00 to $73.00 and set a “hold” rating for the company in a report on Wednesday, October 9th. Loop Capital cut shares of Trex from a “buy” rating to a “hold” rating and dropped their price target for the stock from $95.00 to $75.00 in a research note on Wednesday, August 7th. Finally, JPMorgan Chase & Co. cut their price target on Trex from $95.00 to $69.00 and set a “neutral” rating for the company in a report on Monday, August 12th. Two research analysts have rated the stock with a sell rating, ten have given a hold rating and six have issued a buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $79.94.

Trex 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.