Pembroke Management LTD Increases Stock Holdings in Trex Company, Inc. $TREX

Pembroke Management LTD raised its position in shares of Trex Company, Inc. (NYSE:TREX) by 11.5% in the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 476,311 shares of the construction company’s stock after purchasing an additional 49,073 shares during the quarter. Trex accounts for approximately 2.4% of Pembroke Management LTD’s holdings, making the stock its 17th biggest position. Pembroke Management LTD’s holdings in Trex were worth $24,611,000 at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. Armstrong Advisory Group Inc. purchased a new position in shares of Trex in the second quarter worth approximately $31,000. Steigerwald Gordon & Koch Inc. purchased a new position in shares of Trex during the 3rd quarter worth $31,000. Parallel Advisors LLC grew its position in shares of Trex by 28.4% during the 2nd quarter. Parallel Advisors LLC now owns 1,049 shares of the construction company’s stock valued at $57,000 after acquiring an additional 232 shares during the period. Caitong International Asset Management Co. Ltd bought a new stake in shares of Trex during the 2nd quarter valued at $60,000. Finally, CWM LLC increased its stake in shares of Trex by 16.8% in the 2nd quarter. CWM LLC now owns 1,141 shares of the construction company’s stock worth $62,000 after purchasing an additional 164 shares in the last quarter. Institutional investors own 95.96% of the company’s stock.

Insider Transactions at Trex

In related news, CFO Prithvi Gandhi purchased 15,000 shares of Trex stock in a transaction on Friday, November 14th. The shares were bought at an average cost of $31.92 per share, for a total transaction of $478,800.00. Following the acquisition, the chief financial officer owned 30,664 shares in the company, valued at approximately $978,794.88. The trade was a 95.76% increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Corporate insiders own 0.71% of the company’s stock.

Trex Trading Up 1.6%

NYSE TREX opened at $43.76 on Friday. Trex Company, Inc. has a 12 month low of $29.77 and a 12 month high of $75.55. The stock has a market cap of $4.69 billion, a PE ratio of 23.78 and a beta of 1.55. The stock’s 50 day moving average is $35.39 and its 200 day moving average is $49.67.

Trex (NYSE:TREX) last announced its quarterly earnings data on Tuesday, November 4th. The construction company reported $0.51 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.57 by ($0.06). Trex had a net margin of 16.76% and a return on equity of 21.90%. The company had revenue of $285.35 million for the quarter, compared to analysts’ expectations of $301.74 million. During the same period last year, the business earned $0.37 earnings per share. The company’s quarterly revenue was up 22.1% compared to the same quarter last year. On average, analysts forecast that Trex Company, Inc. will post 2.04 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

TREX has been the topic of several analyst reports. Truist Financial lowered their target price on Trex from $75.00 to $50.00 and set a “buy” rating on the stock in a research report on Wednesday, November 5th. The Goldman Sachs Group set a $54.00 price objective on Trex and gave the company a “buy” rating in a research report on Tuesday, December 16th. Stifel Nicolaus reissued a “hold” rating and issued a $35.00 target price (down from $61.00) on shares of Trex in a report on Monday, November 10th. Wall Street Zen cut shares of Trex from a “hold” rating to a “sell” rating in a research note on Saturday, January 10th. Finally, Deutsche Bank Aktiengesellschaft lowered shares of Trex from a “buy” rating to a “hold” rating and set a $40.00 price target for the company. in a research report on Wednesday, November 5th. One analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating, nine have assigned a Hold rating and four have issued a Sell rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $47.25.

Trex Company Profile

Trex Company, Inc is a leading manufacturer of wood-alternative decking and railing systems designed for residential and commercial outdoor living environments. The company’s core offerings feature composite decking products made from a proprietary blend of recycled wood fibers and plastic film, which deliver enhanced durability, resistance to rot and insect damage, and low maintenance compared to traditional wood. Trex also provides matching railing, lighting, fencing and cladding solutions that allow customers to create cohesive, high-performance outdoor spaces.

Trex’s product portfolio is organized into multiple performance tiers, including premium, mid-range and value-oriented lines.