Avanza Fonder AB Invests $64,000 in Trex Company, Inc. (NYSE:TREX)

Avanza Fonder AB acquired a new stake in Trex Company, Inc. (NYSE:TREX) in the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund acquired 922 shares of the construction company’s stock, valued at approximately $64,000.

A number of other large investors have also recently bought and sold shares of the business. Dimensional Fund Advisors LP grew its position in shares of Trex by 8.2% in the second quarter. Dimensional Fund Advisors LP now owns 1,224,351 shares of the construction company’s stock valued at $90,752,000 after purchasing an additional 92,563 shares during the last quarter. Vanguard Personalized Indexing Management LLC boosted its stake in Trex by 23.9% during the 2nd quarter. Vanguard Personalized Indexing Management LLC now owns 13,132 shares of the construction company’s stock valued at $973,000 after purchasing an additional 2,530 shares during the period. Hsbc Holdings PLC grew its holdings in Trex by 8.3% in the 2nd quarter. Hsbc Holdings PLC now owns 20,773 shares of the construction company’s stock valued at $1,537,000 after buying an additional 1,595 shares during the last quarter. Inspire Investing LLC increased its position in Trex by 32.1% in the 2nd quarter. Inspire Investing LLC now owns 4,748 shares of the construction company’s stock worth $352,000 after buying an additional 1,153 shares during the period. Finally, Intech Investment Management LLC acquired a new position in shares of Trex during the second quarter worth approximately $1,984,000. 95.96% of the stock is currently owned by institutional investors.

Trex Price Performance

TREX stock opened at $71.72 on Tuesday. The stock has a market capitalization of $7.68 billion, a P/E ratio of 32.75, a P/E/G ratio of 2.73 and a beta of 1.50. Trex Company, Inc. has a fifty-two week low of $58.68 and a fifty-two week high of $101.91. The business has a 50-day moving average of $72.00 and a 200-day moving average of $70.11.

Trex (NYSE:TREX) last issued its quarterly earnings results on Monday, October 28th. The construction company reported $0.37 EPS for the quarter, topping the consensus estimate of $0.32 by $0.05. The firm had revenue of $233.72 million for the quarter, compared to analysts’ expectations of $225.42 million. Trex had a net margin of 20.23% and a return on equity of 28.89%. The company’s revenue for the quarter was down 23.1% on a year-over-year basis. During the same period in the previous year, the firm posted $0.57 EPS. Equities analysts expect that Trex Company, Inc. will post 2.05 EPS for the current year.

Analyst Ratings Changes

A number of equities analysts recently issued reports on TREX shares. StockNews.com lowered shares of Trex from a “hold” rating to a “sell” rating in a research report on Tuesday, October 29th. Citigroup dropped their price objective 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. DA Davidson increased their target price on shares of Trex from $70.00 to $74.00 and gave the company a “neutral” rating in a research note on Tuesday, October 29th. Robert W. Baird boosted their price target on Trex from $70.00 to $78.00 and gave the company a “neutral” rating in a research note on Tuesday, October 29th. Finally, Barclays reduced their price objective on Trex from $68.00 to $67.00 and set an “underweight” rating for the company in a research report on Tuesday, October 29th. Two investment analysts have rated the stock with a sell rating, nine have assigned a hold rating and six have given a buy rating to the stock. Based on data from MarketBeat, the company has an average rating of “Hold” and a consensus price target of $79.81.

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.