WINTON GROUP Ltd Sells 8,079 Shares of Trex Company, Inc. (NYSE:TREX)

WINTON GROUP Ltd decreased its holdings in Trex Company, Inc. (NYSE:TREX) by 38.4% in the fourth quarter, HoldingsChannel.com reports. The fund owned 12,980 shares of the construction company’s stock after selling 8,079 shares during the quarter. WINTON GROUP Ltd’s holdings in Trex were worth $896,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. Summitry LLC bought a new stake in Trex in the 4th quarter valued at $221,000. LPL Financial LLC grew its position in shares of Trex by 28.4% during the fourth quarter. LPL Financial LLC now owns 127,457 shares of the construction company’s stock valued at $8,798,000 after purchasing an additional 28,176 shares in the last quarter. KLP Kapitalforvaltning AS bought a new stake in shares of Trex in the fourth quarter worth about $1,519,000. Sei Investments Co. lifted its position in shares of Trex by 18.8% in the fourth quarter. Sei Investments Co. now owns 421,489 shares of the construction company’s stock worth $29,095,000 after buying an additional 66,661 shares in the last quarter. Finally, Millstone Evans Group LLC purchased a new position in Trex during the 4th quarter valued at approximately $518,000. Hedge funds and other institutional investors own 95.96% of the company’s stock.

Trex Stock Performance

Shares of NYSE:TREX opened at $57.38 on Friday. The firm’s 50 day simple moving average is $64.54 and its 200-day simple moving average is $67.94. Trex Company, Inc. has a one year low of $52.75 and a one year high of $99.86. The firm has a market cap of $6.15 billion, a PE ratio of 26.20, a price-to-earnings-growth ratio of 2.51 and a beta of 1.60.

Trex (NYSE:TREX) last issued its earnings results on Monday, February 24th. The construction company reported $0.09 earnings per share 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 business had revenue of $167.63 million during the quarter, compared to analyst estimates of $160.54 million. Equities research analysts predict that Trex Company, Inc. will post 2.04 EPS for the current fiscal year.

Analyst Ratings Changes

A number of research analysts have recently commented on TREX shares. StockNews.com downgraded Trex from a “hold” rating to a “sell” rating in a research report on Wednesday, March 5th. Bank of America dropped their price objective on shares of Trex from $85.00 to $79.00 and set a “buy” rating for the company in a research note on Tuesday, February 25th. JPMorgan Chase & Co. decreased their target price on shares of Trex from $79.00 to $73.00 and set a “neutral” rating on the stock in a research report on Wednesday, March 5th. Jefferies Financial Group dropped their price target on Trex from $81.00 to $71.00 and set a “hold” rating for the company in a research report on Tuesday, February 25th. Finally, Truist Financial decreased their price objective on Trex from $100.00 to $90.00 and set a “buy” rating on the stock in a research report on Tuesday, February 25th. Two 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. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $78.63.

Insiders Place Their Bets

In other news, Director Melkeya Mcduffie sold 1,420 shares of the company’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 value 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 position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 0.71% of the stock is owned by company insiders.

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.