Trex Company, Inc. (NYSE:TREX) Stock Position Raised by Avior Wealth Management LLC

Avior Wealth Management LLC lifted its holdings in Trex Company, Inc. (NYSE:TREX) by 1,212.8% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 512 shares of the construction company’s stock after buying an additional 473 shares during the period. Avior Wealth Management LLC’s holdings in Trex were worth $35,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also modified their holdings of the business. Wasatch Advisors LP boosted its position in shares of Trex by 33.2% in the third quarter. Wasatch Advisors LP now owns 4,076,408 shares of the construction company’s stock worth $271,407,000 after buying an additional 1,015,516 shares during the period. State Street Corp boosted its position in Trex by 1.2% during the third quarter. State Street Corp now owns 3,183,444 shares of the construction company’s stock valued at $211,954,000 after purchasing an additional 37,436 shares during the last quarter. Geode Capital Management LLC boosted its position in Trex by 1.9% during the third quarter. Geode Capital Management LLC now owns 1,873,455 shares of the construction company’s stock valued at $124,766,000 after purchasing an additional 35,039 shares during the last quarter. Geneva Capital Management LLC boosted its position in Trex by 0.4% during the third quarter. Geneva Capital Management LLC now owns 1,592,533 shares of the construction company’s stock valued at $106,031,000 after purchasing an additional 6,616 shares during the last quarter. Finally, FMR LLC boosted its position in Trex by 6.0% during the third quarter. FMR LLC now owns 1,262,920 shares of the construction company’s stock valued at $84,085,000 after purchasing an additional 71,761 shares during the last quarter. Institutional investors and hedge funds own 95.96% of the company’s stock.

Trex Stock Up 0.8 %

TREX stock opened at $72.71 on Thursday. The business’s 50-day simple moving average is $72.50 and its 200 day simple moving average is $70.07. The company has a market cap of $7.79 billion, a PE ratio of 33.20, a price-to-earnings-growth ratio of 3.06 and a beta of 1.50. Trex Company, Inc. has a twelve month low of $58.68 and a twelve month high of $101.91.

Trex (NYSE:TREX) last announced its earnings results on Monday, October 28th. The construction company reported $0.37 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 the consensus estimate of $225.42 million. Trex had a return on equity of 28.89% and a net margin of 20.23%. Trex’s revenue was down 23.1% compared to the same quarter last year. During the same period in the previous year, the business earned $0.57 EPS. On average, equities research analysts anticipate that Trex Company, Inc. will post 2.05 EPS for the current year.

Analyst Ratings Changes

TREX has been the topic of several recent research reports. DA Davidson raised their target price on Trex from $70.00 to $74.00 and gave the company a “neutral” rating in a report on Tuesday, October 29th. StockNews.com lowered Trex from a “hold” rating to a “sell” rating in a report on Tuesday, October 29th. Barclays cut their target price on Trex from $68.00 to $67.00 and set an “underweight” rating on the stock in a report on Tuesday, October 29th. BMO Capital Markets raised their target price on Trex from $67.00 to $72.00 and gave the company a “market perform” rating in a report on Tuesday, October 29th. Finally, Robert W. Baird lifted their price objective on Trex from $70.00 to $78.00 and gave the stock a “neutral” rating in a research note on Tuesday, October 29th. Two investment analysts have rated the stock with a sell rating, nine have assigned a hold rating and six have given a buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $79.81.

About Trex

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.