Trex Company, Inc. (NYSE:TREX) Shares Acquired by Swiss National Bank

Swiss National Bank raised its position in shares of Trex Company, Inc. (NYSE:TREX) by 0.7% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 213,800 shares of the construction company’s stock after purchasing an additional 1,500 shares during the period. Swiss National Bank’s holdings in Trex were worth $14,759,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of TREX. Principal Securities Inc. raised its holdings in shares of Trex by 5.0% during the fourth quarter. Principal Securities Inc. now owns 3,082 shares of the construction company’s stock valued at $213,000 after buying an additional 147 shares during the last quarter. Pacer Advisors Inc. increased its position in Trex by 0.9% in the 4th quarter. Pacer Advisors Inc. now owns 15,970 shares of the construction company’s stock valued at $1,102,000 after acquiring an additional 148 shares during the period. CIBC Asset Management Inc raised its stake in Trex by 5.5% during the 4th quarter. CIBC Asset Management Inc now owns 3,335 shares of the construction company’s stock valued at $230,000 after acquiring an additional 175 shares in the last quarter. First Horizon Advisors Inc. boosted its position in Trex by 8.8% during the 3rd quarter. First Horizon Advisors Inc. now owns 2,282 shares of the construction company’s stock worth $152,000 after acquiring an additional 184 shares during the period. Finally, Mather Group LLC. grew its stake in shares of Trex by 73.5% in the fourth quarter. Mather Group LLC. now owns 451 shares of the construction company’s stock worth $31,000 after purchasing an additional 191 shares in the last quarter. Institutional investors own 95.96% of the company’s stock.

Insiders Place Their Bets

In related news, Director Melkeya Mcduffie sold 1,420 shares of the firm’s stock in a transaction that occurred on Friday, February 28th. The shares were 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 directly owns 1,705 shares in the company, valued at approximately $105,505.40. This trade 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 the SEC website. Corporate insiders own 0.71% of the company’s stock.

Trex Price Performance

TREX stock opened at $59.17 on Thursday. The firm has a market capitalization of $6.34 billion, a P/E ratio of 27.02, a P/E/G ratio of 2.51 and a beta of 1.60. Trex Company, Inc. has a 52-week low of $52.75 and a 52-week high of $100.77. The company’s 50 day simple moving average is $65.70 and its 200-day simple moving average is $68.03.

Trex (NYSE:TREX) last released its earnings results on Monday, February 24th. The construction company reported $0.09 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.04 by $0.05. Trex had a return on equity of 28.89% and a net margin of 20.23%. The company had revenue of $167.63 million during the quarter, compared to analyst estimates of $160.54 million. Sell-side analysts predict 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 several research analyst reports. DA Davidson reaffirmed a “neutral” rating and issued a $74.00 price objective on shares of Trex in a report on Tuesday, February 25th. Citigroup decreased their price objective on shares of Trex from $84.00 to $78.00 and set a “neutral” rating for the company in a report on Monday, January 6th. Bank of America dropped their target price on Trex from $85.00 to $79.00 and set a “buy” rating on the stock in a report on Tuesday, February 25th. Benchmark reaffirmed a “buy” rating and set a $80.00 price target on shares of Trex in a research note on Monday, March 3rd. Finally, Jefferies Financial Group dropped their price objective on Trex from $81.00 to $71.00 and set a “hold” rating on the stock in a research note on Tuesday, February 25th. Two 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. Based on data from MarketBeat, the stock has an average rating of “Hold” and an average price target of $78.63.

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.