Sei Investments Co. Has $29.10 Million Stake in Trex Company, Inc. (NYSE:TREX)

Sei Investments Co. boosted its position in Trex Company, Inc. (NYSE:TREX) by 18.8% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 421,489 shares of the construction company’s stock after buying an additional 66,661 shares during the quarter. Sei Investments Co. owned approximately 0.39% of Trex worth $29,095,000 as of its most recent filing with the SEC.

Other institutional investors have also recently bought and sold shares of the company. Xponance Inc. raised its holdings in shares of Trex by 0.7% in the fourth quarter. Xponance Inc. now owns 21,605 shares of the construction company’s stock valued at $1,491,000 after purchasing an additional 143 shares during the last quarter. Principal Securities Inc. lifted its position in Trex by 5.0% during the 4th quarter. Principal Securities Inc. now owns 3,082 shares of the construction company’s stock worth $213,000 after buying an additional 147 shares in the last quarter. Pacer Advisors Inc. grew its holdings in shares of Trex by 0.9% in the 4th quarter. Pacer Advisors Inc. now owns 15,970 shares of the construction company’s stock valued at $1,102,000 after acquiring an additional 148 shares in the last quarter. Harrington Investments INC increased its position in shares of Trex by 1.8% in the fourth quarter. Harrington Investments INC now owns 9,106 shares of the construction company’s stock valued at $629,000 after acquiring an additional 159 shares during the last quarter. Finally, CIBC Asset Management Inc raised its holdings in Trex by 5.5% during the fourth quarter. CIBC Asset Management Inc now owns 3,335 shares of the construction company’s stock worth $230,000 after acquiring an additional 175 shares in the last quarter. Institutional investors own 95.96% of the company’s stock.

Analyst Ratings Changes

A number of research firms have weighed in on TREX. Jefferies Financial Group decreased their price target on Trex from $81.00 to $71.00 and set a “hold” rating for the company in a research note on Tuesday, February 25th. Citigroup lowered their target price on shares of Trex from $84.00 to $78.00 and set a “neutral” rating on the stock in a report on Monday, January 6th. Benchmark reaffirmed a “buy” rating and set a $80.00 price target on shares of Trex in a research report on Monday, March 3rd. Truist Financial decreased 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, DA Davidson reaffirmed a “neutral” rating and issued a $74.00 target price on shares of Trex in a report on Tuesday, February 25th. Two analysts have rated the stock with a sell rating, nine have given a hold rating and six have issued a buy rating to the company. According to MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $78.63.

Trex Price Performance

Shares of NYSE TREX opened at $62.05 on Wednesday. Trex Company, Inc. has a one year low of $52.75 and a one year high of $100.61. The firm has a market cap of $6.65 billion, a price-to-earnings ratio of 28.33, a P/E/G ratio of 2.51 and a beta of 1.60. The stock’s fifty day moving average price is $65.27 and its two-hundred day moving average price is $68.05.

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

Insider Activity

In related news, Director Melkeya Mcduffie sold 1,420 shares of the firm’s stock in a transaction 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 transaction, the director now owns 1,705 shares in the company, valued at approximately $105,505.40. This trade represents a 45.44 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 0.71% of the stock is owned by company 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.