Semanteon Capital Management LP Acquires Shares of 15,378 Trex Company, Inc. (NYSE:TREX)

Semanteon Capital Management LP bought a new position in Trex Company, Inc. (NYSE:TREX) during the fourth quarter, according to its most recent 13F filing with the SEC. The fund bought 15,378 shares of the construction company’s stock, valued at approximately $1,273,000. Trex comprises about 0.9% of Semanteon Capital Management LP’s holdings, making the stock its 6th largest position.

A number of other institutional investors have also recently made changes to their positions in TREX. Shell Asset Management Co. boosted its stake in shares of Trex by 0.5% during the third quarter. Shell Asset Management Co. now owns 35,605 shares of the construction company’s stock valued at $2,194,000 after purchasing an additional 163 shares during the period. Martin Capital Advisors LLP raised its holdings in shares of Trex by 0.7% in the fourth quarter. Martin Capital Advisors LLP now owns 25,723 shares of the construction company’s stock valued at $2,130,000 after acquiring an additional 168 shares in the last quarter. Fifth Third Bancorp grew its holdings in Trex by 13.2% during the 4th quarter. Fifth Third Bancorp now owns 1,554 shares of the construction company’s stock worth $129,000 after acquiring an additional 181 shares in the last quarter. Inspire Investing LLC increased its position in Trex by 4.2% during the 3rd quarter. Inspire Investing LLC now owns 4,960 shares of the construction company’s stock valued at $306,000 after purchasing an additional 201 shares during the period. Finally, Mitchell Capital Management Co. raised its holdings in shares of Trex by 0.4% in the 3rd quarter. Mitchell Capital Management Co. now owns 64,386 shares of the construction company’s stock valued at $3,968,000 after purchasing an additional 234 shares in the last quarter. Institutional investors own 95.96% of the company’s stock.

Trex Price Performance

TREX stock traded up $0.21 during trading on Thursday, hitting $89.41. 484,606 shares of the company traded hands, compared to its average volume of 778,042. Trex Company, Inc. has a 1 year low of $51.03 and a 1 year high of $101.91. The company has a market cap of $9.71 billion, a PE ratio of 45.99, a P/E/G ratio of 2.02 and a beta of 1.60. The stock’s 50-day simple moving average is $94.07 and its 200 day simple moving average is $80.28.

Trex (NYSE:TREX) last posted its earnings results on Monday, February 26th. The construction company reported $0.20 earnings per share for the quarter, beating the consensus estimate of $0.19 by $0.01. Trex had a net margin of 18.76% and a return on equity of 31.26%. The firm had revenue of $195.75 million during the quarter, compared to analyst estimates of $193.40 million. During the same period in the previous year, the firm earned $0.23 EPS. The business’s quarterly revenue was up 1.9% on a year-over-year basis. Research analysts expect that Trex Company, Inc. will post 2.22 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on TREX shares. Barclays lifted their price objective on shares of Trex from $86.00 to $93.00 and gave the company an “underweight” rating in a report on Thursday, April 4th. UBS Group boosted their price target on Trex from $84.00 to $100.00 and gave the stock a “neutral” rating in a research note on Tuesday, February 27th. Benchmark increased their price objective on shares of Trex from $85.00 to $105.00 and gave the company a “buy” rating in a research report on Friday, March 1st. Truist Financial lifted their target price on shares of Trex from $70.00 to $120.00 and gave the stock a “buy” rating in a research note on Tuesday, February 27th. Finally, Stifel Nicolaus upped their price target on shares of Trex from $90.00 to $107.00 and gave the company a “buy” rating in a research note on Tuesday, February 27th. Two research analysts have rated the stock with a sell rating, nine have given a hold rating and eight have assigned a buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and an average target price of $88.72.

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.