Entropy Technologies LP Has $1.12 Million Stake in Trex Company, Inc. (NYSE:TREX)

Entropy Technologies LP increased its position in shares of Trex Company, Inc. (NYSE:TREX) by 287.1% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 16,811 shares of the construction company’s stock after purchasing an additional 12,468 shares during the period. Entropy Technologies LP’s holdings in Trex were worth $1,119,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also added to or reduced their stakes in the company. Covestor Ltd increased its position in Trex by 11.3% during the 1st quarter. Covestor Ltd now owns 1,213 shares of the construction company’s stock worth $121,000 after buying an additional 123 shares during the period. Harrington Investments INC increased its position in Trex by 1.4% during the second quarter. Harrington Investments INC now owns 9,807 shares of the construction company’s stock worth $727,000 after acquiring an additional 140 shares during the period. Avantax Advisory Services Inc. raised its stake in Trex by 4.6% in the 1st quarter. Avantax Advisory Services Inc. now owns 3,950 shares of the construction company’s stock worth $394,000 after purchasing an additional 173 shares in the last quarter. First Citizens Bank & Trust Co. boosted its holdings in Trex by 2.6% in the 2nd quarter. First Citizens Bank & Trust Co. now owns 7,055 shares of the construction company’s stock valued at $523,000 after purchasing an additional 176 shares during the period. Finally, Values First Advisors Inc. grew its position in shares of Trex by 3.6% during the 2nd quarter. Values First Advisors Inc. now owns 6,700 shares of the construction company’s stock worth $497,000 after purchasing an additional 230 shares in the last quarter. 95.96% of the stock is currently owned by institutional investors.

Trex Price Performance

NYSE:TREX opened at $72.64 on Thursday. Trex Company, Inc. has a one year low of $58.68 and a one year high of $101.91. The company has a market cap of $7.78 billion, a PE ratio of 33.17, a P/E/G ratio of 3.29 and a beta of 1.49. The firm’s 50 day simple moving average is $67.06 and its 200 day simple moving average is $74.36.

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

Wall Street Analysts Forecast Growth

A number of research firms have recently weighed in on TREX. Jefferies Financial Group dropped their price target on shares of Trex from $77.00 to $73.00 and set a “hold” rating for the company in a research report on Wednesday, October 9th. Benchmark decreased their price target on Trex from $105.00 to $80.00 and set a “buy” rating on the stock in a research report on Thursday, August 8th. Stifel Nicolaus decreased their target price on shares of Trex from $110.00 to $85.00 and set a “buy” rating on the stock in a report on Wednesday, August 7th. UBS Group cut their price target on shares of Trex from $104.00 to $79.00 and set a “neutral” rating for the company in a report on Wednesday, August 7th. Finally, B. Riley decreased their price objective on shares of Trex from $107.00 to $97.00 and set a “buy” rating on the stock in a research note on Wednesday, August 7th. Two investment analysts have rated the stock with a sell rating, ten have given a hold rating and six have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $79.94.

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.