Green Alpha Advisors LLC Makes New Investment in Trex Company, Inc. $TREX

Green Alpha Advisors LLC purchased a new stake in shares of Trex Company, Inc. (NYSE:TREXFree Report) during the second quarter, Holdings Channel.com reports. The firm purchased 17,745 shares of the construction company’s stock, valued at approximately $888,000.

A number of other hedge funds and other institutional investors have also made changes to their positions in TREX. AQR Capital Management LLC lifted its stake in shares of Trex by 3.2% during the first quarter. AQR Capital Management LLC now owns 5,642 shares of the construction company’s stock worth $320,000 after buying an additional 177 shares during the period. Benjamin Edwards Inc. increased its position in shares of Trex by 1.9% in the 2nd quarter. Benjamin Edwards Inc. now owns 11,240 shares of the construction company’s stock valued at $611,000 after acquiring an additional 214 shares during the period. Pinnacle Associates Ltd. increased its position in shares of Trex by 0.7% in the 4th quarter. Pinnacle Associates Ltd. now owns 40,285 shares of the construction company’s stock valued at $1,413,000 after acquiring an additional 285 shares during the period. Hsbc Holdings PLC increased its position in shares of Trex by 6.3% in the 2nd quarter. Hsbc Holdings PLC now owns 5,403 shares of the construction company’s stock valued at $294,000 after acquiring an additional 322 shares during the period. Finally, Nicolet Advisory Services LLC raised its stake in Trex by 5.4% in the 3rd quarter. Nicolet Advisory Services LLC now owns 9,276 shares of the construction company’s stock worth $488,000 after acquiring an additional 478 shares during the last quarter. Hedge funds and other institutional investors own 95.96% of the company’s stock.

Trex Price Performance

NYSE TREX opened at $46.80 on Friday. The company has a market capitalization of $4.86 billion, a PE ratio of 27.86, a P/E/G ratio of 3.26 and a beta of 1.48. The company has a fifty day moving average of $46.72 and a 200 day moving average of $42.36. Trex Company, Inc. has a 1 year low of $29.77 and a 1 year high of $66.06.

Trex (NYSE:TREXGet Free Report) last released its quarterly earnings data on Tuesday, August 4th. The construction company reported $0.62 EPS for the quarter, missing the consensus estimate of $0.63 by ($0.01). Trex had a return on equity of 18.03% and a net margin of 14.68%.The company had revenue of $418.02 million during the quarter, compared to analysts’ expectations of $415.71 million. During the same quarter in the prior year, the company posted $0.71 EPS. The company’s revenue for the quarter was up 7.8% on a year-over-year basis. Research analysts expect that Trex Company, Inc. will post 1.76 earnings per share for the current year.

Insider Transactions at Trex

In other Trex news, SVP Jacob T. Rudolph sold 1,400 shares of the stock in a transaction that occurred on Thursday, June 25th. The stock was sold at an average price of $50.00, for a total transaction of $70,000.00. Following the transaction, the senior vice president owned 36,631 shares in the company, valued at approximately $1,831,550. This represents a 3.68% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, SVP Amy M. Fernandez sold 1,050 shares of the company’s stock in a transaction that occurred on Friday, August 7th. The stock was sold at an average price of $50.07, for a total value of $52,573.50. Following the transaction, the senior vice president directly owned 67,794 shares of the company’s stock, valued at approximately $3,394,445.58. The trade was a 1.53% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Corporate insiders own 0.93% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts have commented on TREX shares. Zelman & Associates raised Trex from a “neutral” rating to an “outperform” rating and set a $50.00 price target for the company in a research report on Monday, May 18th. Bank of America increased their price objective on Trex from $42.00 to $44.00 and gave the company an “underperform” rating in a report on Tuesday, July 14th. Truist Financial raised their price objective on Trex from $55.00 to $60.00 and gave the stock a “buy” rating in a research note on Tuesday, July 14th. DA Davidson reaffirmed a “buy” rating and set a $55.00 target price on shares of Trex in a report on Tuesday, July 14th. Finally, Stephens upped their target price on Trex from $45.00 to $50.00 and gave the company an “equal weight” rating in a research report on Tuesday, July 28th. One investment analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating, nine have assigned a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat, Trex currently has an average rating of “Hold” and a consensus target price of $49.30.

Get Our Latest Report on Trex

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.

See Also

Want to see what other hedge funds are holding TREX? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Trex Company, Inc. (NYSE:TREXFree Report).

Institutional Ownership by Quarter for Trex (NYSE:TREX)

Receive News & Ratings for Trex Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Trex and related companies with MarketBeat.com's FREE daily email newsletter.