Trex Company, Inc. (NYSE:TREX) Shares Bought by Hunter Associates Investment Management LLC

Hunter Associates Investment Management LLC lifted its stake in shares of Trex Company, Inc. (NYSE:TREX) by 4.9% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 15,731 shares of the construction company’s stock after buying an additional 733 shares during the quarter. Hunter Associates Investment Management LLC’s holdings in Trex were worth $1,080,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Wilmington Savings Fund Society FSB acquired a new position in Trex during the 3rd quarter worth $30,000. Avior Wealth Management LLC lifted its position in shares of Trex by 1,212.8% during the fourth quarter. Avior Wealth Management LLC now owns 512 shares of the construction company’s stock worth $35,000 after purchasing an additional 473 shares during the last quarter. Eagle Bay Advisors LLC acquired a new position in Trex in the fourth quarter worth about $41,000. Quarry LP increased its holdings in Trex by 576.4% in the second quarter. Quarry LP now owns 602 shares of the construction company’s stock valued at $45,000 after buying an additional 513 shares during the last quarter. Finally, UMB Bank n.a. raised its stake in Trex by 150.8% during the third quarter. UMB Bank n.a. now owns 652 shares of the construction company’s stock valued at $43,000 after buying an additional 392 shares in the last quarter. Institutional investors own 95.96% of the company’s stock.

Trex Trading Up 2.0 %

Trex stock opened at $74.08 on Friday. The company’s 50-day moving average price is $72.58 and its two-hundred day moving average price is $70.09. The stock has a market cap of $7.94 billion, a price-to-earnings ratio of 33.82, a PEG ratio of 3.05 and a beta of 1.50. Trex Company, Inc. has a 52 week low of $58.68 and a 52 week high of $101.91.

Trex (NYSE:TREX) last announced its earnings results on Monday, October 28th. The construction company reported $0.37 EPS for the quarter, topping the consensus estimate of $0.32 by $0.05. The firm had revenue of $233.72 million for 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 company earned $0.57 earnings per share. Research analysts expect that Trex Company, Inc. will post 2.05 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on the company. Citigroup lowered their price target on Trex from $84.00 to $78.00 and set a “neutral” rating for the company in a report on Monday, January 6th. Jefferies Financial Group dropped their target price on shares of Trex from $77.00 to $73.00 and set a “hold” rating on the stock in a report on Wednesday, October 9th. Barclays reduced 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. Robert W. Baird boosted their price objective on shares of Trex from $70.00 to $78.00 and gave the company a “neutral” rating in a research report on Tuesday, October 29th. Finally, StockNews.com cut shares of Trex from a “hold” rating to a “sell” rating in a report on Tuesday, October 29th. Two research analysts have rated the stock with a sell rating, nine have given a hold rating and six have assigned a buy rating to the company. According to MarketBeat, Trex currently has a consensus rating of “Hold” and a consensus price target of $79.81.

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.