GSA Capital Partners LLP Acquires Shares of 30,891 Trex Company, Inc. $TREX

GSA Capital Partners LLP bought a new stake in shares of Trex Company, Inc. (NYSE:TREXFree Report) during the 4th quarter, Holdings Channel reports. The fund bought 30,891 shares of the construction company’s stock, valued at approximately $1,084,000.

Other hedge funds have also recently made changes to their positions in the company. V Square Quantitative Management LLC purchased a new position in shares of Trex during the fourth quarter valued at approximately $27,000. Rothschild Investment LLC purchased a new position in shares of Trex during the third quarter valued at approximately $60,000. Clearstead Advisors LLC increased its stake in shares of Trex by 91.8% during the third quarter. Clearstead Advisors LLC now owns 1,500 shares of the construction company’s stock valued at $78,000 after buying an additional 718 shares during the period. EverSource Wealth Advisors LLC increased its stake in shares of Trex by 662.3% during the third quarter. EverSource Wealth Advisors LLC now owns 1,517 shares of the construction company’s stock valued at $78,000 after buying an additional 1,318 shares during the period. Finally, Allworth Financial LP increased its stake in shares of Trex by 127.0% during the third quarter. Allworth Financial LP now owns 2,159 shares of the construction company’s stock valued at $112,000 after buying an additional 1,208 shares during the period. 95.96% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several research firms have recently issued reports on TREX. Zacks Research raised Trex from a “strong sell” rating to a “hold” rating in a research note on Tuesday, February 3rd. Bank of America reduced their target price on Trex from $43.00 to $42.00 and set an “underperform” rating on the stock in a research note on Monday, April 20th. Stifel Nicolaus boosted their target price on Trex from $40.00 to $44.00 and gave the company a “hold” rating in a research note on Monday, May 11th. DA Davidson boosted their target price on Trex from $50.00 to $51.00 and gave the company a “buy” rating in a research note on Wednesday, March 11th. Finally, Loop Capital raised Trex from a “hold” rating to a “buy” rating and boosted their target price for the company from $45.00 to $53.00 in a research note on Wednesday, February 25th. Eleven equities research analysts have rated the stock with a Buy rating, nine have issued a Hold rating and two have given a Sell rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $46.42.

View Our Latest Research Report on Trex

Trex Stock Up 1.6%

Shares of TREX stock opened at $38.87 on Friday. The stock has a market cap of $4.04 billion, a price-to-earnings ratio of 21.71, a PEG ratio of 7.75 and a beta of 1.51. The business’s fifty day moving average is $38.61 and its 200 day moving average is $38.31. Trex Company, Inc. has a twelve month low of $29.77 and a twelve month high of $68.78.

Trex (NYSE:TREXGet Free Report) last issued its quarterly earnings results on Thursday, May 7th. The construction company reported $0.59 earnings per share for the quarter, topping the consensus estimate of $0.51 by $0.08. The company had revenue of $343.40 million for the quarter, compared to analysts’ expectations of $339.99 million. Trex had a return on equity of 19.66% and a net margin of 16.25%.The firm’s revenue for the quarter was up 1.0% on a year-over-year basis. During the same period in the prior year, the firm earned $0.60 earnings per share. Equities research analysts expect that Trex Company, Inc. will post 1.68 earnings per share for the current fiscal year.

Trex Profile

(Free Report)

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.

Further Reading

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Institutional Ownership by Quarter for Trex (NYSE:TREX)

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