First Hawaiian Bank Has $852,000 Stock Holdings in Trex Company, Inc. (NYSE:TREX)

First Hawaiian Bank trimmed its position in Trex Company, Inc. (NYSE:TREX) by 30.9% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 12,346 shares of the construction company’s stock after selling 5,525 shares during the period. First Hawaiian Bank’s holdings in Trex were worth $852,000 at the end of the most recent quarter.

A number of other hedge funds have also modified their holdings of TREX. Ashton Thomas Private Wealth LLC acquired a new stake in shares of Trex in the 2nd quarter valued at approximately $44,000. Prudential PLC acquired a new stake in shares of Trex in the 2nd quarter valued at approximately $607,000. Headlands Technologies LLC acquired a new stake in shares of Trex in the 2nd quarter valued at approximately $175,000. American Century Companies Inc. raised its position in shares of Trex by 7.1% in the 2nd quarter. American Century Companies Inc. now owns 1,843,376 shares of the construction company’s stock valued at $136,631,000 after acquiring an additional 122,658 shares during the period. Finally, Robeco Schweiz AG raised its position in shares of Trex by 10.6% in the 2nd quarter. Robeco Schweiz AG now owns 36,500 shares of the construction company’s stock valued at $2,705,000 after acquiring an additional 3,500 shares during the period. 95.96% of the stock is currently owned by institutional investors and hedge funds.

Trex Price Performance

Trex stock opened at $64.71 on Friday. Trex Company, Inc. has a fifty-two week low of $58.68 and a fifty-two week high of $101.91. The firm has a market capitalization of $6.93 billion, a PE ratio of 29.55, a P/E/G ratio of 3.50 and a beta of 1.50. The company’s 50-day moving average is $72.40 and its 200-day moving average is $70.38.

Trex (NYSE:TREX) last released its quarterly earnings data on Monday, October 28th. The construction company reported $0.37 earnings per share (EPS) 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 return on equity of 28.89% and a net margin of 20.23%. The business’s revenue for the quarter was down 23.1% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.57 earnings per share. As a group, analysts expect that Trex Company, Inc. will post 2.05 EPS for the current year.

Wall Street Analysts Forecast Growth

TREX has been the subject of a number of research reports. BMO Capital Markets increased their target price on Trex from $67.00 to $72.00 and gave the stock a “market perform” rating in a research note on Tuesday, October 29th. Citigroup lowered their target price on Trex from $84.00 to $78.00 and set a “neutral” rating for the company in a research note on Monday, January 6th. Robert W. Baird increased their target price on Trex from $70.00 to $78.00 and gave the stock a “neutral” rating in a research note on Tuesday, October 29th. Jefferies Financial Group lowered their target price on Trex from $77.00 to $73.00 and set a “hold” rating for the company in a research note on Wednesday, October 9th. Finally, DA Davidson increased their target price on Trex from $70.00 to $74.00 and gave the stock a “neutral” rating in a research note on Tuesday, October 29th. Two 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 presently has an average rating of “Hold” and an average price target of $79.81.

Trex Company 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.