Trex Company, Inc. (NYSE:TREX) Holdings Raised by Schroder Investment Management Group

Schroder Investment Management Group boosted its stake in Trex Company, Inc. (NYSE:TREX) by 1.0% in the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 237,343 shares of the construction company’s stock after acquiring an additional 2,432 shares during the quarter. Schroder Investment Management Group’s holdings in Trex were worth $16,431,000 at the end of the most recent reporting period.

Several other large investors have also recently bought and sold shares of TREX. AustralianSuper Pty Ltd acquired a new stake in shares of Trex in the 4th quarter worth approximately $110,414,000. Norges Bank acquired a new stake in Trex in the fourth quarter worth approximately $54,084,000. Point72 Asset Management L.P. boosted its stake in Trex by 100.0% during the 3rd quarter. Point72 Asset Management L.P. now owns 1,022,459 shares of the construction company’s stock valued at $68,075,000 after purchasing an additional 511,163 shares in the last quarter. JPMorgan Chase & Co. increased its position in shares of Trex by 97.6% during the 3rd quarter. JPMorgan Chase & Co. now owns 797,513 shares of the construction company’s stock valued at $53,098,000 after purchasing an additional 393,850 shares during the period. Finally, Raymond James Financial Inc. bought a new stake in shares of Trex in the 4th quarter worth $17,677,000. Institutional investors and hedge funds own 95.96% of the company’s stock.

Trex Price Performance

NYSE:TREX opened at $55.44 on Friday. The stock has a market cap of $5.94 billion, a PE ratio of 25.31, a price-to-earnings-growth ratio of 2.51 and a beta of 1.60. Trex Company, Inc. has a fifty-two week low of $52.75 and a fifty-two week high of $97.69. The stock’s 50-day moving average is $63.35 and its two-hundred day moving average is $67.74.

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

Wall Street Analysts Forecast Growth

Several research analysts recently weighed in on the company. Deutsche Bank Aktiengesellschaft began coverage on Trex in a research note on Tuesday. They set a “buy” rating and a $85.00 target price for the company. Jefferies Financial Group lowered their price objective on shares of Trex from $81.00 to $71.00 and set a “hold” rating on the stock in a research note on Tuesday, February 25th. Truist Financial cut their target price on shares of Trex from $100.00 to $90.00 and set a “buy” rating for the company in a research note on Tuesday, February 25th. JPMorgan Chase & Co. decreased their price target on shares of Trex from $79.00 to $73.00 and set a “neutral” rating on the stock in a research report on Wednesday, March 5th. Finally, Citigroup cut their price objective on Trex from $84.00 to $78.00 and set a “neutral” rating for the company in a research report on Monday, January 6th. Two investment analysts have rated the stock with a sell rating, nine have issued a hold rating and seven have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $79.00.

Insider Activity

In related news, Director Melkeya Mcduffie sold 1,420 shares of the business’s stock in a transaction that occurred 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 owns 1,705 shares of the company’s stock, valued at approximately $105,505.40. The trade was a 45.44 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. 0.71% of the stock is currently owned by corporate insiders.

Trex 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.