Motley Fool Wealth Management LLC Reduces Stake in Trex Company, Inc. (NYSE:TREX)

Motley Fool Wealth Management LLC lessened its stake in shares of Trex Company, Inc. (NYSE:TREX) by 2.9% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 128,403 shares of the construction company’s stock after selling 3,770 shares during the quarter. Motley Fool Wealth Management LLC owned 0.12% of Trex worth $8,850,000 as of its most recent SEC filing.

Several other institutional investors have also recently added to or reduced their stakes in the stock. Wasatch Advisors LP grew 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 buying an additional 1,015,516 shares in the last quarter. State Street Corp grew its stake in shares of Trex by 1.2% in the 3rd quarter. State Street Corp now owns 3,183,444 shares of the construction company’s stock valued at $211,954,000 after purchasing an additional 37,436 shares during the last quarter. Conestoga Capital Advisors LLC raised its position in Trex by 0.9% during the 4th quarter. Conestoga Capital Advisors LLC now owns 1,967,748 shares of the construction company’s stock worth $135,834,000 after buying an additional 17,405 shares during the last quarter. Geode Capital Management LLC lifted its position in Trex by 1.9% in the third quarter. Geode Capital Management LLC now owns 1,873,455 shares of the construction company’s stock valued at $124,766,000 after purchasing an additional 35,039 shares during the period. Finally, AustralianSuper Pty Ltd acquired a new stake in Trex in the fourth quarter valued at $110,414,000. Institutional investors and hedge funds own 95.96% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts have weighed in on TREX shares. Citigroup dropped their target price on shares of Trex from $84.00 to $78.00 and set a “neutral” rating for the company in a report on Monday, January 6th. StockNews.com lowered Trex from a “hold” rating to a “sell” rating in a research note on Wednesday, March 5th. Jefferies Financial Group lowered their price objective on shares of Trex from $81.00 to $71.00 and set a “hold” rating for the company in a research report on Tuesday, February 25th. Truist Financial cut their price target on shares of Trex from $100.00 to $90.00 and set a “buy” rating on the stock in a report on Tuesday, February 25th. Finally, DA Davidson reissued a “neutral” rating and set a $74.00 price target on shares of Trex in a research report on Tuesday, February 25th. Two research 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 data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $78.63.

Insider Buying and Selling

In related news, Director Melkeya Mcduffie sold 1,420 shares of the 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 completion of the sale, the director now directly 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 document filed with the SEC, which is available at this hyperlink. 0.71% of the stock is owned by company insiders.

Trex Stock Up 0.1 %

Shares of TREX stock opened at $62.05 on Wednesday. The firm has a fifty day moving average of $65.27 and a 200-day moving average of $68.05. Trex Company, Inc. has a 12-month low of $52.75 and a 12-month high of $100.61. The firm has a market capitalization of $6.65 billion, a price-to-earnings ratio of 28.33, a price-to-earnings-growth ratio of 2.51 and a beta of 1.60.

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

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.