1 week Ago By ABMN Staff
JPMorgan Chase & Co. trimmed its position in Trex Company, Inc. ( NYSE:TREX – Free Report ) by 68.
2% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 253,284 shares of the construction company’s stock after selling 544,229 shares during the period.
JPMorgan Chase & Co.’s holdings in Trex were worth $17,484,000 at the end of the most recent quarter. Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company.
Wilmington Savings Fund Society FSB acquired a new position in shares of Trex in the third quarter worth $30,000. Mather Group LLC. boosted its holdings in shares of Trex by 73.
5% during the 4th quarter. Mather Group LLC. now owns 451 shares of the construction company’s stock worth $31,000 after buying an additional 191 shares during the period.
Avior Wealth Management LLC grew its position in shares of Trex by 1,212.8% in the fourth quarter. Avior Wealth Management LLC now owns 512 shares of the construction company’s stock valued at $35,000 after purchasing an additional 473 shares during the last quarter.
Eagle Bay Advisors LLC bought a new position in Trex in the 4th quarter worth approximately $41,000. Finally, V Square Quantitative Management LLC increased its position in Trex by 47.4% during the fourth quarter.
V Square Quantitative Management LLC now owns 628 shares of the construction company’s stock worth $43,000 after acquiring an additional 202 shares during the period. Institutional investors and hedge funds own 95.96% of the company’s stock.
Wall Street Analyst Weigh In Several equities analysts recently issued reports on TREX shares. JPMorgan Chase & Co. lowered their price target on Trex from $79.
00 to $73.00 and set a “neutral” rating on the stock in a research note on Wednesday, March 5th. DA Davidson reaffirmed a “neutral” rating and issued a $74.
00 target price on shares of Trex in a report on Tuesday, February 25th. Barclays dropped their price target on Trex from $67.00 to $54.
00 and set an “underweight” rating for the company in a report on Tuesday. Truist Financial lowered their price objective on shares of Trex from $100.00 to $90.
00 and set a “buy” rating for the company in a research report on Tuesday, February 25th. Finally, Benchmark reissued a “buy” rating and issued a $80.00 target price on shares of Trex in a research note on Monday, March 3rd.
Two equities research analysts have rated the stock with a sell rating, nine have issued a hold rating and seven have issued a buy rating to the company’s stock. According to MarketBeat, Trex currently has an average rating of “Hold” and an average target price of $77.18.
Insider Activity at Trex In other Trex news, Director Melkeya Mcduffie sold 1,420 shares of the company’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 sale, the director now 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 filing with the Securities & Exchange Commission, which is available at this link .
Insiders own 0.71% of the company’s stock. Trex Price Performance NYSE:TREX opened at $54.
96 on Friday. The stock has a market capitalization of $5.89 billion, a PE ratio of 25.
10, a price-to-earnings-growth ratio of 2.51 and a beta of 1.62.
Trex Company, Inc. has a fifty-two week low of $49.01 and a fifty-two week high of $94.
00. The business’s 50-day simple moving average is $60.36 and its 200-day simple moving average is $66.
94. Trex ( NYSE:TREX – Get Free Report ) last released its quarterly earnings results on Monday, February 24th. The construction company reported $0.
09 earnings per share for the quarter, topping analysts’ consensus estimates of $0.04 by $0.05.
The firm 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%.
On average, research analysts expect that Trex Company, Inc. will post 2.04 earnings per share for the current year.
Trex Company Profile ( Free Report ) 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. Read More Want to see what other hedge funds are holding TREX? Visit HoldingsChannel.
com to get the latest 13F filings and insider trades for Trex Company, Inc. ( NYSE:TREX – Free Report ). Receive News & Ratings for Trex Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Trex and related companies with MarketBeat.
com's FREE daily email newsletter ..
