Associated Banc Corp Has $787,000 Position in Trex Company, Inc. (NYSE:TREX)

Associated Banc Corp grew its holdings in shares of Trex Company, Inc. (NYSE:TREX) by 1.9% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 11,407 shares of the construction company’s stock after acquiring an additional 216 shares during the period. Associated Banc Corp’s holdings in Trex were worth $787,000 as of its most recent SEC filing.

A number of other large investors have also recently bought and sold shares of the business. Wilmington Savings Fund Society FSB acquired a new stake in shares of Trex in the 3rd quarter valued at about $30,000. Mather Group LLC. grew its stake in shares of Trex by 73.5% in the 4th quarter. Mather Group LLC. now owns 451 shares of the construction company’s stock valued at $31,000 after buying an additional 191 shares during the period. Avior Wealth Management LLC grew its stake in shares of Trex by 1,212.8% in the 4th quarter. Avior Wealth Management LLC now owns 512 shares of the construction company’s stock valued at $35,000 after buying an additional 473 shares during the period. Eagle Bay Advisors LLC acquired a new stake in shares of Trex in the 4th quarter valued at about $41,000. Finally, V Square Quantitative Management LLC grew its stake in shares of Trex by 47.4% in the 4th quarter. V Square Quantitative Management LLC now owns 628 shares of the construction company’s stock valued at $43,000 after buying an additional 202 shares during the period. 95.96% of the stock is currently owned by institutional investors and hedge funds.

Trex Trading Up 5.3 %

Trex stock opened at $56.88 on Friday. Trex Company, Inc. has a 12 month low of $52.75 and a 12 month high of $100.77. The business’s 50 day simple moving average is $66.26 and its 200 day simple moving average is $68.15. The company has a market cap of $6.10 billion, a price-to-earnings ratio of 25.97, a PEG ratio of 2.51 and a beta of 1.60.

Trex (NYSE:TREX) last posted its quarterly earnings data on Monday, February 24th. The construction company reported $0.09 EPS for the quarter, beating the consensus estimate of $0.04 by $0.05. Trex had a return on equity of 28.89% and a net margin of 20.23%. The business had revenue of $167.63 million for the quarter, compared to the consensus estimate of $160.54 million. As a group, equities research analysts forecast that Trex Company, Inc. will post 2.04 earnings per share for the current fiscal year.

Insider Activity at Trex

In other Trex news, Director Melkeya Mcduffie sold 1,420 shares of the business’s stock in a transaction 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 sale, the director now owns 1,705 shares of the company’s stock, valued at $105,505.40. The trade was a 45.44 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. 0.71% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

Several brokerages have recently commented on TREX. JPMorgan Chase & Co. reduced their target price on Trex from $79.00 to $73.00 and set a “neutral” rating for the company in a research note on Wednesday, March 5th. Benchmark reiterated a “buy” rating and set a $80.00 price target on shares of Trex in a research note on Monday, March 3rd. StockNews.com downgraded Trex from a “hold” rating to a “sell” rating in a research note on Wednesday, March 5th. Bank of America cut their price target on Trex from $85.00 to $79.00 and set a “buy” rating for the company in a research note on Tuesday, February 25th. Finally, UBS Group cut their price target on Trex from $76.00 to $74.00 and set a “neutral” rating for the company in a research note on Tuesday, February 25th. Two equities research analysts have rated the stock with a sell rating, nine have given a hold rating and six have assigned a buy rating to the stock. Based on data from MarketBeat.com, Trex currently has an average rating of “Hold” and an average target price of $78.63.

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.