Associated Banc Corp Has $787,000 Holdings in Trex Company, Inc. (NYSE:TREX)

Associated Banc Corp boosted its holdings in shares of Trex Company, Inc. (NYSE:TREX) by 1.9% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 11,407 shares of the construction company’s stock after buying an additional 216 shares during the quarter. Associated Banc Corp’s holdings in Trex were worth $787,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently bought and sold shares of TREX. Principal Securities Inc. grew its position in shares of Trex by 5.0% in the fourth quarter. Principal Securities Inc. now owns 3,082 shares of the construction company’s stock valued at $213,000 after purchasing an additional 147 shares during the last quarter. Pacer Advisors Inc. grew its position in shares of Trex by 0.9% in the fourth quarter. Pacer Advisors Inc. now owns 15,970 shares of the construction company’s stock valued at $1,102,000 after purchasing an additional 148 shares during the last quarter. CIBC Asset Management Inc boosted its stake in shares of Trex by 5.5% in the fourth quarter. CIBC Asset Management Inc now owns 3,335 shares of the construction company’s stock valued at $230,000 after buying an additional 175 shares during the period. First Horizon Advisors Inc. boosted its stake in shares of Trex by 8.8% in the third quarter. First Horizon Advisors Inc. now owns 2,282 shares of the construction company’s stock valued at $152,000 after buying an additional 184 shares during the period. Finally, Mather Group LLC. boosted its stake in shares of Trex by 73.5% in the fourth quarter. Mather Group LLC. now owns 451 shares of the construction company’s stock valued at $31,000 after buying an additional 191 shares during the period. Institutional investors and hedge funds own 95.96% of the company’s stock.

Trex Stock Performance

Shares of TREX opened at $56.88 on Friday. Trex Company, Inc. has a 52 week low of $52.75 and a 52 week high of $100.77. The stock has a market capitalization of $6.10 billion, a price-to-earnings ratio of 25.97, a PEG ratio of 2.51 and a beta of 1.60. The stock has a fifty day moving average of $66.26 and a 200-day moving average of $68.15.

Trex (NYSE:TREX) last posted its quarterly earnings data on Monday, February 24th. The construction company reported $0.09 earnings per share for the quarter, beating analysts’ consensus estimates of $0.04 by $0.05. The business had revenue of $167.63 million during the quarter, compared to the consensus estimate of $160.54 million. Trex had a return on equity of 28.89% and a net margin of 20.23%. As a group, equities analysts forecast that Trex Company, Inc. will post 2.04 EPS for the current year.

Insider Activity at Trex

In related news, Director Melkeya Mcduffie sold 1,420 shares of the stock in a transaction on Friday, February 28th. The stock was sold at an average price of $61.88, for a total value of $87,869.60. Following the completion of the sale, the director now directly owns 1,705 shares in the company, valued at $105,505.40. This represents a 45.44 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.71% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on TREX shares. Citigroup cut their price target on Trex from $84.00 to $78.00 and set a “neutral” rating for the company in a research note on Monday, January 6th. Benchmark reiterated a “buy” rating and issued a $80.00 price target on shares of Trex in a research note on Monday, March 3rd. Jefferies Financial Group cut their price target on Trex from $81.00 to $71.00 and set a “hold” rating for the company in a research note on Tuesday, February 25th. JPMorgan Chase & Co. cut their price target on Trex from $79.00 to $73.00 and set a “neutral” rating for the company in a research note on Wednesday, March 5th. Finally, Bank of America cut their target price on Trex from $85.00 to $79.00 and set a “buy” rating for the company in a research note on Tuesday, February 25th. Two investment analysts have rated the stock with a sell rating, nine have assigned a hold rating and six have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $78.63.

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.