Landscape Capital Management L.L.C. Acquires 116,512 Shares of Trex Company, Inc. $TREX

Landscape Capital Management L.L.C. grew its holdings in Trex Company, Inc. (NYSE:TREXFree Report) by 342.3% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 150,553 shares of the construction company’s stock after purchasing an additional 116,512 shares during the quarter. Landscape Capital Management L.L.C. owned approximately 0.14% of Trex worth $5,281,000 at the end of the most recent reporting period.

Several other hedge funds also recently modified their holdings of the business. V Square Quantitative Management LLC acquired a new stake in shares of Trex in the 4th quarter valued at approximately $27,000. Clearstead Trust LLC acquired a new stake in shares of Trex in the 4th quarter valued at approximately $33,000. Eurizon Capital SGR S.p.A. acquired a new stake in shares of Trex in the 4th quarter valued at approximately $47,000. Empowered Funds LLC acquired a new stake in shares of Trex in the 4th quarter valued at approximately $50,000. Finally, Rothschild Investment LLC acquired a new stake in shares of Trex in the 3rd quarter valued at approximately $60,000. Institutional investors own 95.96% of the company’s stock.

Trex Stock Performance

Shares of TREX stock opened at $45.62 on Friday. The company has a market capitalization of $4.74 billion, a P/E ratio of 25.49, a price-to-earnings-growth ratio of 9.25 and a beta of 1.51. The company’s 50 day moving average price is $40.18 and its two-hundred day moving average price is $39.16. Trex Company, Inc. has a 52 week low of $29.77 and a 52 week high of $68.78.

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

Wall Street Analysts Forecast Growth

A number of analysts recently weighed in on TREX shares. Bank of America cut their price target on shares of Trex from $43.00 to $42.00 and set an “underperform” rating on the stock in a research report on Monday, April 20th. Loop Capital upgraded shares of Trex from a “hold” rating to a “buy” rating and increased their price target for the company from $45.00 to $53.00 in a research report on Wednesday, February 25th. Zelman & Associates upgraded shares of Trex from a “neutral” rating to an “outperform” rating and set a $50.00 price target on the stock in a research report on Monday, May 18th. Stifel Nicolaus increased their price target on shares of Trex from $40.00 to $44.00 and gave the company a “hold” rating in a research report on Monday, May 11th. Finally, Weiss Ratings upgraded shares of Trex from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Monday, May 11th. Eleven equities research analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and two have given a Sell rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $46.42.

Read Our Latest Stock Analysis on Trex

About Trex

(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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