Trex Company, Inc. (NYSE:TREX) Position Lessened by EFG Asset Management Americas Corp.

EFG Asset Management Americas Corp. decreased its stake in Trex Company, Inc. (NYSE:TREX) by 2.9% during the 4th quarter, HoldingsChannel reports. The firm owned 61,012 shares of the construction company’s stock after selling 1,800 shares during the period. EFG Asset Management Americas Corp.’s holdings in Trex were worth $4,212,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also made changes to their positions in the company. L & S Advisors Inc acquired a new stake in Trex in the 3rd quarter valued at approximately $1,000,000. Algert Global LLC increased its position in Trex by 81.3% in the 3rd quarter. Algert Global LLC now owns 86,300 shares of the construction company’s stock valued at $5,746,000 after acquiring an additional 38,700 shares during the period. Curi RMB Capital LLC increased its position in Trex by 27.2% in the 3rd quarter. Curi RMB Capital LLC now owns 68,149 shares of the construction company’s stock valued at $4,537,000 after acquiring an additional 14,558 shares during the period. Dynamic Technology Lab Private Ltd increased its position in Trex by 237.6% in 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 acquiring an additional 37,362 shares during the period. Finally, Entropy Technologies LP increased its position in Trex by 287.1% in the 3rd quarter. Entropy Technologies LP now owns 16,811 shares of the construction company’s stock valued at $1,119,000 after acquiring an additional 12,468 shares during the period. Institutional investors own 95.96% of the company’s stock.

Insider Transactions at Trex

In related news, Director Melkeya Mcduffie sold 1,420 shares of the business’s stock in a transaction dated Friday, February 28th. The stock was sold at an average price of $61.88, for a total transaction of $87,869.60. Following the transaction, the director now directly owns 1,705 shares in the company, valued at $105,505.40. The trade was a 45.44 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. 0.71% of the stock is currently owned by corporate insiders.

Trex Price Performance

NYSE TREX opened at $57.57 on Friday. Trex Company, Inc. has a fifty-two week low of $56.31 and a fifty-two week high of $100.77. The stock’s 50-day moving average is $68.22 and its two-hundred day moving average is $68.63. The firm has a market cap of $6.17 billion, a P/E ratio of 26.29, a price-to-earnings-growth ratio of 2.51 and a beta of 1.60.

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

Analysts Set New Price Targets

TREX has been the topic of several analyst reports. Bank of America lowered their target price on Trex from $85.00 to $79.00 and set a “buy” rating on the stock in a research report on Tuesday, February 25th. DA Davidson reiterated a “neutral” rating and set a $74.00 price target on shares of Trex in a research report on Tuesday, February 25th. StockNews.com cut Trex from a “hold” rating to a “sell” rating in a research report on Wednesday. Citigroup lowered their price target on Trex from $84.00 to $78.00 and set a “neutral” rating on the stock in a research report on Monday, January 6th. Finally, JPMorgan Chase & Co. decreased their target price on Trex from $79.00 to $73.00 and set a “neutral” rating on the stock in a report on Wednesday. Two research analysts have rated the stock with a sell rating, nine have issued a hold rating and six have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $78.63.

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.