PFG Investments LLC Has $908,000 Stock Position in Trex Company, Inc. (NYSE:TREX)

PFG Investments LLC lowered its position in shares of Trex Company, Inc. (NYSE:TREX) by 3.9% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 13,159 shares of the construction company’s stock after selling 535 shares during the quarter. PFG Investments LLC’s holdings in Trex were worth $908,000 at the end of the most recent quarter.

A number of other hedge funds have also made changes to their positions in TREX. Bank of Montreal Can increased its position in shares of Trex by 147.5% during the 2nd quarter. Bank of Montreal Can now owns 36,671 shares of the construction company’s stock worth $2,718,000 after purchasing an additional 21,852 shares in the last quarter. Millennium Management LLC grew its holdings in Trex by 354.7% during the 2nd quarter. Millennium Management LLC now owns 206,206 shares of the construction company’s stock worth $15,284,000 after acquiring an additional 160,853 shares during the last quarter. Creative Planning grew its holdings in Trex by 0.7% during the 2nd quarter. Creative Planning now owns 60,284 shares of the construction company’s stock worth $4,468,000 after acquiring an additional 412 shares during the last quarter. Quarry LP grew its holdings in Trex by 576.4% during the 2nd quarter. Quarry LP now owns 602 shares of the construction company’s stock worth $45,000 after acquiring an additional 513 shares during the last quarter. Finally, Truist Financial Corp grew its holdings in Trex by 15.0% during the 2nd quarter. Truist Financial Corp now owns 3,949 shares of the construction company’s stock worth $293,000 after acquiring an additional 515 shares during the last quarter. Institutional investors and hedge funds own 95.96% of the company’s stock.

Trex Price Performance

Trex stock opened at $72.19 on Wednesday. The company’s 50 day simple moving average is $72.43 and its 200 day simple moving average is $70.05. Trex Company, Inc. has a fifty-two week low of $58.68 and a fifty-two week high of $101.91. The firm has a market capitalization of $7.73 billion, a price-to-earnings ratio of 32.96, a PEG ratio of 3.06 and a beta of 1.50.

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

Analysts Set New Price Targets

TREX has been the topic of a number of research analyst reports. DA Davidson increased their price objective on shares of Trex from $70.00 to $74.00 and gave the stock a “neutral” rating in a report on Tuesday, October 29th. StockNews.com lowered shares of Trex from a “hold” rating to a “sell” rating in a report on Tuesday, October 29th. Barclays decreased their price objective on shares of Trex from $68.00 to $67.00 and set an “underweight” rating on the stock in a report on Tuesday, October 29th. Jefferies Financial Group decreased their price objective on shares of Trex from $77.00 to $73.00 and set a “hold” rating on the stock in a report on Wednesday, October 9th. Finally, Citigroup reduced their target price on shares of Trex from $84.00 to $78.00 and set a “neutral” rating on the stock in a research note on Monday, January 6th. Two investment analysts have rated the stock with a sell rating, nine have assigned a hold rating and six have given a buy rating to the company. According to data from MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $79.81.

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.