Pathstone Holdings LLC Has $2.81 Million Holdings in Trex Company, Inc. (NYSE:TREX)

Pathstone Holdings LLC reduced its position in Trex Company, Inc. (NYSE:TREX) by 11.3% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 42,124 shares of the construction company’s stock after selling 5,375 shares during the period. Pathstone Holdings LLC’s holdings in Trex were worth $2,805,000 as of its most recent SEC filing.

A number of other large investors have also made changes to their positions in the company. Hantz Financial Services Inc. purchased a new stake in shares of Trex in the second quarter valued at $31,000. Ashton Thomas Private Wealth LLC acquired a new stake in Trex during the 2nd quarter worth about $44,000. Quarry LP grew its stake in Trex by 576.4% during the 2nd quarter. Quarry LP now owns 602 shares of the construction company’s stock valued at $45,000 after acquiring an additional 513 shares in the last quarter. Mather Group LLC. increased its holdings in shares of Trex by 142.3% in the 2nd quarter. Mather Group LLC. now owns 630 shares of the construction company’s stock valued at $47,000 after purchasing an additional 370 shares during the period. Finally, UMB Bank n.a. lifted its position in shares of Trex by 150.8% in the third quarter. UMB Bank n.a. now owns 652 shares of the construction company’s stock worth $43,000 after purchasing an additional 392 shares in the last quarter. Institutional investors and hedge funds own 95.96% of the company’s stock.

Trex Price Performance

TREX stock opened at $77.10 on Tuesday. The stock has a market capitalization of $8.26 billion, a price-to-earnings ratio of 35.21, a price-to-earnings-growth ratio of 3.29 and a beta of 1.49. The company has a 50-day moving average of $67.94 and a two-hundred day moving average of $73.18. Trex Company, Inc. has a 52-week low of $58.68 and a 52-week high of $101.91.

Trex (NYSE:TREX) last released its earnings results on Monday, October 28th. The construction company reported $0.37 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.32 by $0.05. Trex had a return on equity of 28.89% and a net margin of 20.23%. The firm had revenue of $233.72 million for the quarter, compared to analyst estimates of $225.42 million. During the same quarter last year, the firm posted $0.57 EPS. The company’s revenue was down 23.1% on a year-over-year basis. Equities analysts expect that Trex Company, Inc. will post 2.05 EPS for the current fiscal year.

Analyst Ratings Changes

Several research analysts have weighed in on TREX shares. Stephens lowered shares of Trex from an “overweight” rating to an “equal weight” rating and dropped their price objective for the company from $115.00 to $72.00 in a research note on Wednesday, August 7th. Bank of America cut their price objective on Trex from $97.00 to $85.00 and set a “buy” rating for the company in a report on Wednesday, August 7th. DA Davidson boosted their target price on Trex from $70.00 to $74.00 and gave the company a “neutral” rating in a research note on Tuesday, October 29th. BMO Capital Markets raised their price target on Trex from $67.00 to $72.00 and gave the stock a “market perform” rating in a research note on Tuesday, October 29th. Finally, Jefferies Financial Group lowered their price target on Trex from $77.00 to $73.00 and set a “hold” rating for the company in a research note on Wednesday, October 9th. Two analysts have rated the stock with a sell rating, ten have issued a hold rating and six have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $79.94.

Trex Company Profile

Trex Company, Inc manufactures and distributes composite decking, railing, and outdoor living products and accessories for residential and commercial markets in the United States. It offers decking products and accessories under the names Trex Transcend, Trex Select, Trex Signature, Trex Transcend Lineage, and Trex Enhance for protection against fading, staining, mold, and scratching; Trex Hideaway, a hidden fastening system; and Trex DeckLighting, a LED dimmable deck lighting for use on posts, floors, and steps.