Global Retirement Partners LLC Boosts Stake in Trex Company, Inc. (NYSE:TREX)

Global Retirement Partners LLC boosted its stake in shares of Trex Company, Inc. (NYSE:TREX) by 14.0% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 3,806 shares of the construction company’s stock after purchasing an additional 467 shares during the period. Global Retirement Partners LLC’s holdings in Trex were worth $263,000 at the end of the most recent quarter.

Several other hedge funds have also bought and sold shares of the stock. L & S Advisors Inc purchased a new position in shares of Trex during the 3rd quarter valued at about $1,000,000. Algert Global LLC raised its stake in Trex by 81.3% during the 3rd quarter. Algert Global LLC now owns 86,300 shares of the construction company’s stock worth $5,746,000 after acquiring an additional 38,700 shares during the period. Curi RMB Capital LLC lifted its holdings in Trex by 27.2% during the third quarter. Curi RMB Capital LLC now owns 68,149 shares of the construction company’s stock valued at $4,537,000 after purchasing an additional 14,558 shares in the last quarter. Dynamic Technology Lab Private Ltd boosted its position in shares of Trex by 237.6% in the third quarter. Dynamic Technology Lab Private Ltd now owns 53,084 shares of the construction company’s stock worth $3,534,000 after purchasing an additional 37,362 shares during the period. Finally, Entropy Technologies LP increased its stake in shares of Trex by 287.1% in the third quarter. Entropy Technologies LP now owns 16,811 shares of the construction company’s stock worth $1,119,000 after purchasing an additional 12,468 shares in the last quarter. Institutional investors own 95.96% of the company’s stock.

Trex Trading Up 1.9 %

Shares of NYSE TREX opened at $61.72 on Tuesday. Trex Company, Inc. has a 12-month low of $58.68 and a 12-month high of $101.91. The firm’s 50-day moving average price is $69.83 and its 200-day moving average price is $68.73. The stock has a market capitalization of $6.61 billion, a price-to-earnings ratio of 28.18, a P/E/G ratio of 2.51 and a beta of 1.51.

Trex (NYSE:TREX) last issued its quarterly earnings data on Monday, February 24th. The construction company reported $0.09 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.04 by $0.05. Trex had a return on equity of 28.89% and a net margin of 20.23%. On average, equities analysts predict that Trex Company, Inc. will post 2.04 EPS for the current fiscal year.

Analyst Ratings Changes

A number of research firms recently weighed in on TREX. Robert W. Baird lifted their target price on shares of Trex from $70.00 to $78.00 and gave the company a “neutral” rating in a research note on Tuesday, October 29th. StockNews.com downgraded Trex from a “hold” rating to a “sell” rating in a research report on Tuesday, October 29th. Barclays cut 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. BMO Capital Markets boosted their price target on Trex from $67.00 to $72.00 and gave the stock a “market perform” rating in a report on Tuesday, October 29th. Finally, DA Davidson increased their price objective on shares of Trex from $70.00 to $74.00 and gave the company a “neutral” rating in a report on Tuesday, October 29th. Two investment analysts have rated the stock with a sell rating, nine have issued a hold rating and six have issued a buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price 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.