Amalgamated Bank Purchases 1,138 Shares of Trex Company, Inc. (NYSE:TREX)

Amalgamated Bank grew its holdings in Trex Company, Inc. (NYSE:TREX) by 1.4% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 79,749 shares of the construction company’s stock after buying an additional 1,138 shares during the quarter. Amalgamated Bank’s holdings in Trex were worth $6,602,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. First Horizon Advisors Inc. raised its position in Trex by 6.9% in the fourth quarter. First Horizon Advisors Inc. now owns 2,144 shares of the construction company’s stock worth $178,000 after purchasing an additional 138 shares in the last quarter. Shell Asset Management Co. boosted its stake in shares of Trex by 0.5% in the 3rd quarter. Shell Asset Management Co. now owns 35,605 shares of the construction company’s stock valued at $2,194,000 after purchasing an additional 163 shares in the last quarter. Martin Capital Advisors LLP grew its stake in Trex by 0.7% during the fourth quarter. Martin Capital Advisors LLP now owns 25,723 shares of the construction company’s stock worth $2,130,000 after buying an additional 168 shares during the last quarter. Fifth Third Bancorp raised its stake in shares of Trex by 13.2% in the fourth quarter. Fifth Third Bancorp now owns 1,554 shares of the construction company’s stock valued at $129,000 after acquiring an additional 181 shares during the last quarter. Finally, Inspire Investing LLC boosted its holdings in shares of Trex by 4.2% in the 3rd quarter. Inspire Investing LLC now owns 4,960 shares of the construction company’s stock worth $306,000 after acquiring an additional 201 shares in the last quarter. 95.96% of the stock is owned by institutional investors.

Trex Trading Up 2.2 %

NYSE TREX opened at $92.01 on Monday. Trex Company, Inc. has a 12 month low of $51.03 and a 12 month high of $101.91. The stock has a 50-day simple moving average of $93.85 and a 200 day simple moving average of $82.02. The company has a market capitalization of $9.99 billion, a PE ratio of 48.68, a P/E/G ratio of 2.06 and a beta of 1.60.

Trex (NYSE:TREX) last released its quarterly earnings data on Monday, February 26th. The construction company reported $0.20 earnings per share for the quarter, topping the consensus estimate of $0.19 by $0.01. Trex had a net margin of 18.76% and a return on equity of 31.26%. The business had revenue of $195.75 million for the quarter, compared to analyst estimates of $193.40 million. During the same quarter last year, the firm earned $0.23 EPS. Trex’s quarterly revenue was up 1.9% compared to the same quarter last year. As a group, sell-side analysts predict that Trex Company, Inc. will post 2.22 earnings per share for the current fiscal year.

Analyst Ratings Changes

TREX has been the subject of several research analyst reports. DA Davidson lifted their price objective on Trex from $80.00 to $87.00 and gave the company a “neutral” rating in a research report on Tuesday, February 27th. Robert W. Baird lifted their price target on Trex from $105.00 to $110.00 and gave the company a “neutral” rating in a report on Monday, April 8th. UBS Group increased their price objective on shares of Trex from $84.00 to $100.00 and gave the stock a “neutral” rating in a report on Tuesday, February 27th. The Goldman Sachs Group boosted their target price on shares of Trex from $89.00 to $108.00 and gave the stock a “buy” rating in a research note on Wednesday, February 28th. Finally, Barclays increased their price target on shares of Trex from $86.00 to $93.00 and gave the company an “underweight” rating in a research note on Thursday, April 4th. Two analysts have rated the stock with a sell rating, nine have assigned a hold rating and eight have issued a buy rating to the stock. According to MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $88.72.

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.