Stephens Investment Management Group LLC Sells 26,625 Shares of Trex Company, Inc. $TREX

Stephens Investment Management Group LLC trimmed its position in Trex Company, Inc. (NYSE:TREX) by 3.7% in the third quarter, HoldingsChannel reports. The firm owned 699,776 shares of the construction company’s stock after selling 26,625 shares during the quarter. Stephens Investment Management Group LLC’s holdings in Trex were worth $36,157,000 as of its most recent SEC filing.

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

Trex Price Performance

Shares of TREX stock opened at $43.76 on Friday. The stock has a market capitalization of $4.69 billion, a price-to-earnings ratio of 23.78 and a beta of 1.55. The company’s fifty day simple moving average is $35.39 and its two-hundred day simple moving average is $49.67. Trex Company, Inc. has a 1 year low of $29.77 and a 1 year high of $75.55.

Trex (NYSE:TREX) last released 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). The company had revenue of $285.35 million for the quarter, compared to the consensus estimate of $301.74 million. Trex had a net margin of 16.76% and a return on equity of 21.90%. The business’s revenue for the quarter was up 22.1% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.37 earnings per share. Equities research analysts anticipate that Trex Company, Inc. will post 2.04 EPS for the current year.

Insider Activity at Trex

In other news, CFO Prithvi Gandhi acquired 15,000 shares of Trex stock in a transaction that occurred on Friday, November 14th. The stock was bought at an average price of $31.92 per share, with a total value of $478,800.00. Following the completion of the purchase, 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 ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available through this link. Company insiders own 0.71% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms recently weighed in on TREX. Wall Street Zen lowered shares of Trex from a “hold” rating to a “sell” rating in a research report on Saturday, January 10th. Jefferies Financial Group raised shares of Trex from a “hold” rating to a “buy” rating and increased their target price for the company from $39.00 to $42.00 in a research report on Monday, December 15th. Zacks Research cut shares of Trex from a “hold” rating to a “strong sell” rating in a report on Monday, October 13th. Barclays set a $32.00 price objective on Trex in a research note on Monday, December 8th. Finally, Citigroup decreased their target price on Trex from $52.00 to $39.00 and set a “neutral” rating for the company in a research report on Monday, December 15th. One analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating, nine have issued a Hold rating and four have assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and an average price target 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.