Trex Company, Inc. (NYSE:TREX) Shares Sold by Sei Investments Co.

Sei Investments Co. decreased its position in shares of Trex Company, Inc. (NYSE:TREXFree Report) by 2.2% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 586,308 shares of the construction company’s stock after selling 13,228 shares during the quarter. Sei Investments Co. owned 0.54% of Trex worth $36,134,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in the company. Raymond James Financial Services Advisors Inc. boosted its position in Trex by 21.5% during the first quarter. Raymond James Financial Services Advisors Inc. now owns 28,795 shares of the construction company’s stock worth $1,881,000 after purchasing an additional 5,105 shares in the last quarter. Bank of Montreal Can grew its stake in Trex by 38.1% in the 1st quarter. Bank of Montreal Can now owns 18,867 shares of the construction company’s stock valued at $1,353,000 after acquiring an additional 5,210 shares during the period. D.A. Davidson & CO. purchased a new stake in Trex in the 1st quarter worth $204,000. Great West Life Assurance Co. Can increased its holdings in Trex by 7.6% in the 1st quarter. Great West Life Assurance Co. Can now owns 62,354 shares of the construction company’s stock worth $4,190,000 after acquiring an additional 4,387 shares in the last quarter. Finally, Raymond James Trust N.A. raised its position in Trex by 23.3% during the first quarter. Raymond James Trust N.A. now owns 5,111 shares of the construction company’s stock worth $334,000 after acquiring an additional 966 shares during the period. 96.42% of the stock is owned by hedge funds and other institutional investors.

Trex Stock Up 1.3 %

Shares of TREX stock opened at $95.74 on Friday. Trex Company, Inc. has a 52-week low of $44.90 and a 52-week high of $101.91. The stock’s 50-day moving average price is $86.29 and its 200 day moving average price is $73.48. The stock has a market capitalization of $10.40 billion, a PE ratio of 50.66, a price-to-earnings-growth ratio of 2.40 and a beta of 1.58.

Trex (NYSE:TREXGet Free Report) last released its quarterly earnings results on Monday, February 26th. The construction company reported $0.20 EPS for the quarter, topping the consensus estimate of $0.19 by $0.01. Trex had a return on equity of 31.26% and a net margin of 18.76%. The business had revenue of $195.75 million during the quarter, compared to analysts’ expectations of $193.40 million. During the same quarter in the prior year, the business earned $0.23 earnings per share. The company’s quarterly revenue was up 1.9% compared to the same quarter last year. Analysts expect that Trex Company, Inc. will post 2.22 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of brokerages recently weighed in on TREX. Wolfe Research initiated coverage on shares of Trex in a research note on Tuesday, December 12th. They issued a “peer perform” rating on the stock. Truist Financial increased their price objective on Trex from $70.00 to $120.00 and gave the company a “buy” rating in a research note on Tuesday, February 27th. Barclays raised their price objective on Trex from $74.00 to $86.00 and gave the company an “underweight” rating in a report on Wednesday, February 28th. UBS Group boosted their price target on shares of Trex from $84.00 to $100.00 and gave the stock a “neutral” rating in a research report on Tuesday, February 27th. Finally, The Goldman Sachs Group upped their price objective on shares of Trex from $89.00 to $108.00 and gave the company a “buy” rating in a research note on Wednesday, February 28th. Two analysts have rated the stock with a sell rating, nine have issued a hold rating and eight have given a buy rating to the stock. Based on data from MarketBeat, Trex currently has an average rating of “Hold” and a consensus price target of $86.89.

Check Out Our Latest Stock Report on Trex

Trex Company Profile

(Free Report)

Trex Company, Inc manufactures and distributes composite decking, railing, and outdoor living products and accessories for residential and commercial markets in the United States. The company operates in two segments, Trex Residential and Trex Commercial. It offers decking products under the names Trex Transcend, Trex Select, 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.

See Also

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Institutional Ownership by Quarter for Trex (NYSE:TREX)

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