Trex Company, Inc. (NYSE:TREX) Shares Acquired by Motley Fool Asset Management LLC

Motley Fool Asset Management LLC boosted its stake in Trex Company, Inc. (NYSE:TREX) by 29.6% in the third quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 100,230 shares of the construction company’s stock after buying an additional 22,913 shares during the period. Motley Fool Asset Management LLC owned 0.09% of Trex worth $6,790,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Hantz Financial Services Inc. bought a new position in Trex in the 2nd quarter valued at about $31,000. Ashton Thomas Private Wealth LLC bought a new position in Trex in the 2nd quarter valued at about $44,000. Quarry LP grew its position in Trex by 576.4% in the 2nd quarter. Quarry LP now owns 602 shares of the construction company’s stock valued at $45,000 after buying an additional 513 shares in the last quarter. Mather Group LLC. grew its position in Trex by 142.3% in the 2nd quarter. Mather Group LLC. now owns 630 shares of the construction company’s stock valued at $47,000 after buying an additional 370 shares in the last quarter. Finally, UMB Bank n.a. grew its position in Trex by 150.8% in the 3rd quarter. UMB Bank n.a. now owns 652 shares of the construction company’s stock valued at $43,000 after buying an additional 392 shares in the last quarter. Institutional investors own 95.96% of the company’s stock.

Trex Price Performance

NYSE TREX opened at $77.12 on Wednesday. The firm has a market capitalization of $8.26 billion, a price-to-earnings ratio of 35.21, a price-to-earnings-growth ratio of 3.44 and a beta of 1.49. The company has a 50 day simple moving average of $68.87 and a 200-day simple moving average of $72.51. Trex Company, Inc. has a 52-week low of $58.68 and a 52-week high of $101.91.

Trex (NYSE:TREX) last issued its quarterly earnings data on Monday, October 28th. The construction company reported $0.37 earnings per share for the quarter, beating the consensus estimate of $0.32 by $0.05. The firm had revenue of $233.72 million for the quarter, compared to analyst estimates 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 quarter last year, the firm earned $0.57 earnings per share. On average, analysts predict that Trex Company, Inc. will post 2.05 EPS for the current year.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on the stock. Benchmark reduced their price objective on shares of Trex from $105.00 to $80.00 and set a “buy” rating for the company in a research report on Thursday, August 8th. StockNews.com lowered shares of Trex from a “hold” rating to a “sell” rating in a research report on Tuesday, October 29th. UBS Group reduced their price objective on shares of Trex from $104.00 to $79.00 and set a “neutral” rating for the company in a research note on Wednesday, August 7th. Stephens lowered shares of Trex from an “overweight” rating to an “equal weight” rating and reduced their price objective for the company from $115.00 to $72.00 in a research note on Wednesday, August 7th. Finally, JPMorgan Chase & Co. reduced their price objective on shares of Trex from $95.00 to $69.00 and set a “neutral” rating for the company in a research note on Monday, August 12th. Two research analysts have rated the stock with a sell rating, ten have assigned a hold rating and six have assigned a buy rating to the stock. Based on data from MarketBeat.com, Trex presently has a consensus rating of “Hold” and an average price target of $79.94.

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.