Trex Company, Inc. (NYSE:TREX) Stake Decreased by First Citizens Bank & Trust Co.

First Citizens Bank & Trust Co. trimmed its holdings in Trex Company, Inc. (NYSE:TREX) by 22.1% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 5,200 shares of the construction company’s stock after selling 1,473 shares during the quarter. First Citizens Bank & Trust Co.’s holdings in Trex were worth $359,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in TREX. L & S Advisors Inc bought a new position in shares of Trex in the third quarter worth $1,000,000. Algert Global LLC grew its position in Trex by 81.3% in the 3rd quarter. Algert Global LLC now owns 86,300 shares of the construction company’s stock valued at $5,746,000 after buying an additional 38,700 shares in the last quarter. Curi RMB Capital LLC raised its position in shares of Trex by 27.2% during the 3rd quarter. Curi RMB Capital LLC now owns 68,149 shares of the construction company’s stock worth $4,537,000 after buying an additional 14,558 shares in the last quarter. Dynamic Technology Lab Private Ltd lifted its stake in shares of Trex by 237.6% in the 3rd quarter. Dynamic Technology Lab Private Ltd now owns 53,084 shares of the construction company’s stock worth $3,534,000 after acquiring an additional 37,362 shares during the period. Finally, Bank of Montreal Can boosted its holdings in shares of Trex by 147.5% in the second quarter. Bank of Montreal Can now owns 36,671 shares of the construction company’s stock valued at $2,718,000 after acquiring an additional 21,852 shares in the last quarter. 95.96% of the stock is currently owned by institutional investors and hedge funds.

Trex Trading Up 0.8 %

NYSE TREX opened at $74.32 on Tuesday. The company has a market capitalization of $7.96 billion, a PE ratio of 33.94, a price-to-earnings-growth ratio of 3.06 and a beta of 1.50. Trex Company, Inc. has a 1-year low of $58.68 and a 1-year high of $101.91. The firm’s fifty day simple moving average is $72.33 and its 200-day simple moving average is $70.11.

Trex (NYSE:TREX) last announced its quarterly earnings results on Monday, October 28th. The construction company reported $0.37 EPS for the quarter, beating the consensus estimate of $0.32 by $0.05. The business had revenue of $233.72 million during the quarter, compared to analysts’ expectations of $225.42 million. Trex had a return on equity of 28.89% and a net margin of 20.23%. The firm’s quarterly revenue was down 23.1% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.57 EPS. As a group, analysts predict that Trex Company, Inc. will post 2.05 EPS for the current year.

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on TREX shares. Jefferies Financial Group decreased 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. BMO Capital Markets raised their target price on Trex from $67.00 to $72.00 and gave the company a “market perform” rating in a research note on Tuesday, October 29th. Barclays dropped their price target on shares of Trex from $68.00 to $67.00 and set an “underweight” rating on the stock in a research report on Tuesday, October 29th. StockNews.com lowered shares of Trex from a “hold” rating to a “sell” rating in a research report on Tuesday, October 29th. Finally, Citigroup dropped their target price on shares of Trex from $84.00 to $78.00 and set a “neutral” rating on the stock in a report on Monday, January 6th. Two analysts have rated the stock with a sell rating, nine have issued a hold rating and six have assigned a buy rating to the company. Based on data from MarketBeat, Trex currently has an average rating of “Hold” and a consensus price target of $79.81.

About Trex

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.