SRS Capital Advisors Inc. Has $178,000 Stake in Trex Company, Inc. (NYSE:TREX)

SRS Capital Advisors Inc. lifted its position in shares of Trex Company, Inc. (NYSE:TREX) by 16.1% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 2,585 shares of the construction company’s stock after purchasing an additional 359 shares during the quarter. SRS Capital Advisors Inc.’s holdings in Trex were worth $178,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of the company. Wasatch Advisors LP raised its position in shares of Trex by 33.2% during the third quarter. Wasatch Advisors LP now owns 4,076,408 shares of the construction company’s stock worth $271,407,000 after purchasing an additional 1,015,516 shares during the period. State Street Corp raised its position in shares of Trex by 1.2% during the third quarter. State Street Corp now owns 3,183,444 shares of the construction company’s stock worth $211,954,000 after purchasing an additional 37,436 shares during the period. Conestoga Capital Advisors LLC raised its position in shares of Trex by 0.9% during the fourth quarter. Conestoga Capital Advisors LLC now owns 1,967,748 shares of the construction company’s stock worth $135,834,000 after purchasing an additional 17,405 shares during the period. Geode Capital Management LLC raised its position in shares of Trex by 1.9% during the third quarter. Geode Capital Management LLC now owns 1,873,455 shares of the construction company’s stock worth $124,766,000 after purchasing an additional 35,039 shares during the period. Finally, AustralianSuper Pty Ltd acquired a new position in shares of Trex during the fourth quarter worth approximately $110,414,000. 95.96% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

TREX has been the subject of a number of analyst reports. Benchmark reissued a “buy” rating and issued a $80.00 price target on shares of Trex in a research report on Monday. Truist Financial lowered their price target on Trex from $100.00 to $90.00 and set a “buy” rating for the company in a research report on Tuesday, February 25th. Jefferies Financial Group lowered their price target on Trex from $81.00 to $71.00 and set a “hold” rating for the company in a research report on Tuesday, February 25th. Citigroup lowered their price target on Trex from $84.00 to $78.00 and set a “neutral” rating for the company in a research report on Monday, January 6th. Finally, UBS Group lowered their price target on Trex from $76.00 to $74.00 and set a “neutral” rating for the company in a research report on Tuesday, February 25th. Two equities research analysts have rated the stock with a sell rating, nine have issued a hold rating and six have issued a buy rating to the stock. According to data from MarketBeat, Trex presently has a consensus rating of “Hold” and a consensus target price of $78.38.

Trex Stock Performance

TREX stock opened at $58.22 on Wednesday. The company has a market capitalization of $6.24 billion, a price-to-earnings ratio of 26.58, a PEG ratio of 2.51 and a beta of 1.51. Trex Company, Inc. has a fifty-two week low of $56.31 and a fifty-two week high of $100.77. The stock has a fifty day moving average of $68.73 and a 200-day moving average of $68.73.

Trex (NYSE:TREX) last posted its quarterly earnings results on Monday, February 24th. The construction company reported $0.09 earnings per share for the quarter, topping the consensus estimate of $0.04 by $0.05. The company 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%. Equities analysts predict that Trex Company, Inc. will post 2.04 EPS for the current year.

Insider Transactions at Trex

In related news, Director Melkeya Mcduffie sold 1,420 shares of the stock in a transaction dated Friday, February 28th. The stock was sold at an average price of $61.88, for a total transaction of $87,869.60. Following the sale, the director now owns 1,705 shares of the company’s stock, valued at approximately $105,505.40. This represents a 45.44 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 0.71% of the stock is owned by corporate insiders.

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.