Martin Capital Advisors LLP Buys 168 Shares of Trex Company, Inc. (NYSE:TREX)

Martin Capital Advisors LLP boosted its position in Trex Company, Inc. (NYSE:TREX) by 0.7% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 25,723 shares of the construction company’s stock after purchasing an additional 168 shares during the quarter. Trex makes up approximately 1.8% of Martin Capital Advisors LLP’s investment portfolio, making the stock its 17th largest holding. Martin Capital Advisors LLP’s holdings in Trex were worth $2,130,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. Covestor Ltd grew its stake in Trex by 178.8% during the 1st quarter. Covestor Ltd now owns 382 shares of the construction company’s stock worth $25,000 after buying an additional 245 shares during the last quarter. Loomis Sayles & Co. L P purchased a new stake in shares of Trex during the third quarter valued at $27,000. Contravisory Investment Management Inc. purchased a new stake in Trex during the 4th quarter valued at about $28,000. Headinvest LLC purchased a new position in shares of Trex in the third quarter worth about $29,000. Finally, Quarry LP acquired a new stake in shares of Trex during the first quarter worth about $31,000. 95.96% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several brokerages have commented on TREX. DA Davidson lifted their price objective on shares of Trex from $80.00 to $87.00 and gave the company a “neutral” rating in a research note on Tuesday, February 27th. Barclays lifted their price objective on Trex from $86.00 to $93.00 and gave the company an “underweight” rating in a research note on Thursday, April 4th. Stifel Nicolaus raised their target price on Trex from $90.00 to $107.00 and gave the stock a “buy” rating in a report on Tuesday, February 27th. Robert W. Baird boosted their price target on Trex from $105.00 to $110.00 and gave the company a “neutral” rating in a report on Monday, April 8th. Finally, The Goldman Sachs Group raised their price objective on shares of Trex from $89.00 to $108.00 and gave the stock a “buy” rating in a research note on Wednesday, February 28th. Two equities research analysts have rated the stock with a sell rating, nine have issued a hold rating and eight have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, Trex presently has a consensus rating of “Hold” and an average target price of $88.72.

Trex Stock Down 0.6 %

NYSE TREX traded down $0.50 during trading hours on Friday, hitting $87.45. 532,161 shares of the stock were exchanged, compared to its average volume of 793,319. Trex Company, Inc. has a 12-month low of $51.03 and a 12-month high of $101.91. The stock has a 50-day moving average of $94.25 and a 200 day moving average of $79.32. The company has a market cap of $9.50 billion, a price-to-earnings ratio of 46.54, a price-to-earnings-growth ratio of 2.02 and a beta of 1.60.

Trex (NYSE:TREX) last posted its quarterly earnings results on Monday, February 26th. The construction company reported $0.20 earnings per share for the quarter, topping analysts’ consensus estimates of $0.19 by $0.01. Trex had a net margin of 18.76% and a return on equity of 31.26%. The business had revenue of $195.75 million for the quarter, compared to analysts’ expectations of $193.40 million. During the same period in the prior year, the company posted $0.23 EPS. The business’s revenue for the quarter was up 1.9% on a year-over-year basis. On average, equities research analysts expect that Trex Company, Inc. will post 2.21 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.