Atomi Financial Group Inc. Acquires Shares of 3,584 Trex Company, Inc. (NYSE:TREX)

Atomi Financial Group Inc. acquired a new stake in Trex Company, Inc. (NYSE:TREX) during the fourth quarter, HoldingsChannel reports. The fund acquired 3,584 shares of the construction company’s stock, valued at approximately $247,000.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Wilmington Savings Fund Society FSB bought a new stake in shares of Trex during the 3rd quarter valued at $30,000. Eagle Bay Advisors LLC bought a new stake in shares of Trex during the 4th quarter valued at $41,000. Quarry LP lifted its position in shares of Trex by 576.4% during the 2nd quarter. Quarry LP now owns 602 shares of the construction company’s stock valued at $45,000 after acquiring an additional 513 shares during the period. UMB Bank n.a. lifted its position in shares of Trex by 150.8% during the 3rd quarter. UMB Bank n.a. now owns 652 shares of the construction company’s stock valued at $43,000 after acquiring an additional 392 shares during the period. Finally, GAMMA Investing LLC lifted its position in shares of Trex by 274.9% during the 4th quarter. GAMMA Investing LLC now owns 701 shares of the construction company’s stock valued at $48,000 after acquiring an additional 514 shares during the period. 95.96% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of analysts have recently weighed in on the company. DA Davidson upped their target price on Trex from $70.00 to $74.00 and gave the company a “neutral” rating in a research report on Tuesday, October 29th. Jefferies Financial Group dropped their price objective on Trex from $77.00 to $73.00 and set a “hold” rating for the company in a research report on Wednesday, October 9th. Robert W. Baird upped their price objective on Trex from $70.00 to $78.00 and gave the stock a “neutral” rating in a research report on Tuesday, October 29th. BMO Capital Markets upped their price objective on Trex from $67.00 to $72.00 and gave the stock a “market perform” rating in a research report on Tuesday, October 29th. Finally, Barclays dropped their target price on Trex from $68.00 to $67.00 and set an “underweight” rating for the company in a research report on Tuesday, October 29th. Two equities research analysts have rated the stock with a sell rating, nine have given a hold rating and six have given a buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $79.81.

Trex Price Performance

NYSE TREX opened at $73.77 on Monday. The business has a 50 day simple moving average of $72.20 and a 200 day simple moving average of $70.14. Trex Company, Inc. has a one year low of $58.68 and a one year high of $101.91. The stock has a market capitalization of $7.90 billion, a P/E ratio of 33.69, a P/E/G ratio of 3.06 and a beta of 1.50.

Trex (NYSE:TREX) last announced its quarterly earnings results on Monday, October 28th. The construction company reported $0.37 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.32 by $0.05. The business 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 company’s quarterly revenue was down 23.1% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.57 earnings per share. Equities analysts expect that Trex Company, Inc. will post 2.05 earnings per share for the current year.

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.