International Assets Investment Management LLC Acquires 5,241 Shares of Trex Company, Inc. (NYSE:TREX)

International Assets Investment Management LLC increased its holdings in shares of Trex Company, Inc. (NYSE:TREX) by 3,743.6% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 5,381 shares of the construction company’s stock after acquiring an additional 5,241 shares during the period. International Assets Investment Management LLC’s holdings in Trex were worth $445,000 at the end of the most recent quarter.

A number of other large investors have also bought and sold shares of TREX. AE Wealth Management LLC bought a new stake in Trex during the 3rd quarter worth approximately $565,000. SG Americas Securities LLC grew its position in Trex by 13.1% during the 3rd quarter. SG Americas Securities LLC now owns 31,416 shares of the construction company’s stock worth $1,936,000 after acquiring an additional 3,636 shares during the last quarter. Handelsbanken Fonder AB grew its position in Trex by 1.0% during the 3rd quarter. Handelsbanken Fonder AB now owns 574,232 shares of the construction company’s stock worth $35,390,000 after acquiring an additional 5,900 shares during the last quarter. Harrington Investments INC boosted its position in Trex by 2.9% in the 3rd quarter. Harrington Investments INC now owns 9,559 shares of the construction company’s stock valued at $589,000 after buying an additional 270 shares during the last quarter. Finally, RTD Financial Advisors Inc. boosted its position in Trex by 44.8% in the 3rd quarter. RTD Financial Advisors Inc. now owns 29,780 shares of the construction company’s stock valued at $1,835,000 after buying an additional 9,212 shares during the last quarter. 95.96% of the stock is currently owned by institutional investors.

Trex Price Performance

Shares of Trex stock opened at $89.41 on Friday. The firm has a market cap of $9.71 billion, a price-to-earnings ratio of 47.31, a price-to-earnings-growth ratio of 2.02 and a beta of 1.60. The stock’s 50-day moving average is $94.07 and its 200-day moving average is $80.28. Trex Company, Inc. has a one year low of $51.03 and a one year high of $101.91.

Trex (NYSE:TREX) last issued its quarterly earnings results on Monday, February 26th. The construction company reported $0.20 EPS for the quarter, beating analysts’ consensus estimates of $0.19 by $0.01. The company had revenue of $195.75 million for the quarter, compared to analyst estimates of $193.40 million. Trex had a return on equity of 31.26% and a net margin of 18.76%. The company’s quarterly revenue was up 1.9% compared to the same quarter last year. During the same period in the previous year, the company posted $0.23 earnings per share. On average, equities analysts expect that Trex Company, Inc. will post 2.22 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of research analysts have commented on the company. Truist Financial increased their price objective on Trex from $70.00 to $120.00 and gave the company a “buy” rating in a research report on Tuesday, February 27th. DA Davidson increased 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 increased their price objective on Trex from $105.00 to $110.00 and gave the company a “neutral” rating in a research report on Monday, April 8th. JPMorgan Chase & Co. increased their price objective on Trex from $79.00 to $93.00 and gave the company a “neutral” rating in a research report on Friday, March 1st. Finally, Barclays increased their price objective on Trex from $86.00 to $93.00 and gave the company an “underweight” rating in a research report on Thursday, April 4th. Two research analysts have rated the stock with a sell rating, nine have assigned a hold rating and eight have given a buy rating to the stock. Based on data from MarketBeat.com, the company presently 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.