GSA Capital Partners LLP Buys Shares of 9,397 Trex Company, Inc. (NYSE:TREX)

GSA Capital Partners LLP bought a new stake in Trex Company, Inc. (NYSE:TREX) during the third quarter, Holdings Channel.com reports. The firm bought 9,397 shares of the construction company’s stock, valued at approximately $626,000.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Hantz Financial Services Inc. purchased a new stake in Trex in the second quarter valued at $31,000. Ashton Thomas Private Wealth LLC acquired a new stake in shares of Trex in the second quarter valued at $44,000. Quarry LP grew its stake in shares of 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 in the last quarter. Mather Group LLC. grew its stake in shares of Trex by 142.3% in the second quarter. Mather Group LLC. now owns 630 shares of the construction company’s stock valued at $47,000 after buying an additional 370 shares in the last quarter. Finally, UMB Bank n.a. grew its stake 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 valued at $43,000 after buying an additional 392 shares in the last quarter. Hedge funds and other institutional investors own 95.96% of the company’s stock.

Trex Stock Performance

NYSE:TREX opened at $67.69 on Tuesday. Trex Company, Inc. has a 1 year low of $58.68 and a 1 year high of $101.91. The stock has a market cap of $7.25 billion, a P/E ratio of 30.91, a P/E/G ratio of 3.10 and a beta of 1.49. The stock has a 50-day simple moving average of $67.39 and a 200-day simple moving average of $73.98.

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

Analyst Ratings Changes

A number of brokerages have recently weighed in on TREX. Stephens cut 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. BMO Capital Markets lifted their price objective on Trex from $67.00 to $72.00 and gave the company a “market perform” rating in a research note on Tuesday, October 29th. DA Davidson lifted their price objective on Trex from $70.00 to $74.00 and gave the company a “neutral” rating in a research note on Tuesday, October 29th. Loop Capital cut Trex from a “buy” rating to a “hold” rating and lowered their target price for the stock from $95.00 to $75.00 in a research note on Wednesday, August 7th. Finally, Barclays lowered their target price on Trex from $68.00 to $67.00 and set an “underweight” rating for the company in a research note on Tuesday, October 29th. 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 stock. According to data from MarketBeat.com, Trex currently has a consensus rating of “Hold” and a consensus price target of $79.94.

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.