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

Motley Fool Asset Management LLC boosted its position in Trex Company, Inc. (NYSE:TREX) by 355.3% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 83,819 shares of the construction company’s stock after purchasing an additional 65,409 shares during the quarter. Motley Fool Asset Management LLC owned about 0.08% of Trex worth $6,939,000 at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. AE Wealth Management LLC purchased a new stake in Trex in the 3rd quarter valued at $565,000. SG Americas Securities LLC grew its holdings in shares of Trex by 13.1% during the 3rd quarter. SG Americas Securities LLC now owns 31,416 shares of the construction company’s stock worth $1,936,000 after purchasing an additional 3,636 shares during the period. Handelsbanken Fonder AB grew its holdings in shares of Trex by 1.0% during the 3rd quarter. Handelsbanken Fonder AB now owns 574,232 shares of the construction company’s stock worth $35,390,000 after purchasing an additional 5,900 shares during the period. Harrington Investments INC grew its holdings in shares of Trex by 2.9% during the 3rd quarter. Harrington Investments INC now owns 9,559 shares of the construction company’s stock worth $589,000 after purchasing an additional 270 shares during the period. Finally, RTD Financial Advisors Inc. grew its holdings in shares of Trex by 44.8% during the 3rd quarter. RTD Financial Advisors Inc. now owns 29,780 shares of the construction company’s stock worth $1,835,000 after purchasing an additional 9,212 shares during the period. 95.96% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of equities analysts recently commented on the company. The Goldman Sachs Group raised their target price on Trex from $89.00 to $108.00 and gave the company a “buy” rating in a report on Wednesday, February 28th. Barclays raised their target price on Trex from $86.00 to $93.00 and gave the company an “underweight” rating in a report on Thursday, April 4th. UBS Group raised their target price on Trex from $84.00 to $100.00 and gave the company a “neutral” rating in a report on Tuesday, February 27th. Robert W. Baird increased their price target on Trex from $105.00 to $110.00 and gave the company a “neutral” rating in a research report on Monday, April 8th. Finally, Benchmark increased their price target on Trex from $85.00 to $105.00 and gave the company a “buy” rating in a research report on Friday, March 1st. Two research analysts have rated the stock with a sell rating, nine have issued a hold rating and eight have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $88.72.

Trex Stock Up 0.2 %

NYSE:TREX traded up $0.21 during mid-day trading on Thursday, reaching $89.41. 484,606 shares of the stock were exchanged, compared to its average volume of 778,042. The company has a 50 day simple moving average of $94.07 and a 200-day simple moving average of $80.28. The stock has a market capitalization of $9.71 billion, a P/E ratio of 47.31, a P/E/G ratio of 2.02 and a beta of 1.60. Trex Company, Inc. has a 1 year low of $51.03 and a 1 year high of $101.91.

Trex (NYSE:TREX) last released its quarterly earnings results on Monday, February 26th. The construction company reported $0.20 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.19 by $0.01. The firm had revenue of $195.75 million for the quarter, compared to the consensus estimate of $193.40 million. Trex had a return on equity of 31.26% and a net margin of 18.76%. The firm’s quarterly revenue was up 1.9% compared to the same quarter last year. During the same quarter last year, the business posted $0.23 EPS. As a group, research analysts predict that Trex Company, Inc. will post 2.22 EPS 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.