Geneva Capital Management LLC Sells 337 Shares of Trex Company, Inc. (NYSE:TREX)

Geneva Capital Management LLC decreased its position in shares of Trex Company, Inc. (NYSE:TREX) by 0.0% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 1,592,196 shares of the construction company’s stock after selling 337 shares during the quarter. Trex accounts for approximately 1.9% of Geneva Capital Management LLC’s investment portfolio, making the stock its 16th largest position. Geneva Capital Management LLC’s holdings in Trex were worth $109,909,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of TREX. Wilmington Savings Fund Society FSB bought a new position in shares of Trex in the third quarter worth about $30,000. Mather Group LLC. lifted its holdings in shares of Trex by 73.5% in the fourth quarter. Mather Group LLC. now owns 451 shares of the construction company’s stock worth $31,000 after acquiring an additional 191 shares during the last quarter. Avior Wealth Management LLC lifted its holdings 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 worth $35,000 after acquiring an additional 473 shares during the last quarter. Eagle Bay Advisors LLC bought a new position in shares of Trex in the fourth quarter worth about $41,000. Finally, V Square Quantitative Management LLC lifted its holdings in shares of Trex by 47.4% in 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 last quarter. Institutional investors own 95.96% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on TREX shares. DA Davidson reiterated a “neutral” rating and issued a $74.00 price objective on shares of Trex in a report on Tuesday, February 25th. Benchmark reiterated a “buy” rating and issued a $80.00 price objective on shares of Trex in a report on Monday. UBS Group dropped their price objective on shares of Trex from $76.00 to $74.00 and set a “neutral” rating for the company in a report on Tuesday, February 25th. Jefferies Financial Group dropped their price objective on shares of Trex from $81.00 to $71.00 and set a “hold” rating for the company in a report on Tuesday, February 25th. Finally, JPMorgan Chase & Co. dropped their price objective on shares of Trex from $79.00 to $73.00 and set a “neutral” rating for the company in a report on Wednesday. Two investment analysts have rated the stock with a sell rating, nine have assigned a hold rating and six have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and an average price target of $78.63.

Insider Transactions at Trex

In other news, Director Melkeya Mcduffie sold 1,420 shares of the firm’s stock in a transaction that occurred on Friday, February 28th. The shares were sold at an average price of $61.88, for a total transaction of $87,869.60. Following the completion of the sale, the director now owns 1,705 shares of the company’s stock, valued at $105,505.40. This trade represents a 45.44 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this link. Insiders own 0.71% of the company’s stock.

Trex Stock Performance

NYSE:TREX opened at $58.78 on Thursday. The company has a market capitalization of $6.30 billion, a PE ratio of 26.84, a P/E/G ratio of 2.51 and a beta of 1.51. The company has a 50 day simple moving average of $68.47 and a two-hundred day simple moving average of $68.70. Trex Company, Inc. has a fifty-two week low of $56.31 and a fifty-two week high of $100.77.

Trex (NYSE:TREX) last announced its quarterly earnings data on Monday, February 24th. The construction company reported $0.09 EPS 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 net margin of 20.23% and a return on equity of 28.89%. Research analysts predict that Trex Company, Inc. will post 2.04 EPS for the current year.

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.