Bank Julius Baer & Co. Ltd Zurich Lowers Stake in Trex Company, Inc. (NYSE:TREX)

Bank Julius Baer & Co. Ltd Zurich lowered its position in shares of Trex Company, Inc. (NYSE:TREX) by 53.4% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 15,495 shares of the construction company’s stock after selling 17,776 shares during the quarter. Bank Julius Baer & Co. Ltd Zurich’s holdings in Trex were worth $1,180,000 as of its most recent SEC filing.

Several other hedge funds have also recently modified their holdings of TREX. Wilmington Savings Fund Society FSB purchased a new position in shares of Trex in the third quarter worth $30,000. Mather Group LLC. lifted its holdings in shares of Trex by 73.5% in the fourth quarter. Mather Group LLC. now owns 451 shares of the construction company’s stock worth $31,000 after buying an additional 191 shares in the last quarter. Avior Wealth Management LLC lifted its holdings in shares of Trex by 1,212.8% in the fourth quarter. Avior Wealth Management LLC now owns 512 shares of the construction company’s stock worth $35,000 after buying an additional 473 shares in the last quarter. Eagle Bay Advisors LLC purchased a new position in shares of Trex in the fourth quarter worth $41,000. Finally, V Square Quantitative Management LLC lifted its holdings in shares of Trex by 47.4% in the fourth quarter. V Square Quantitative Management LLC now owns 628 shares of the construction company’s stock worth $43,000 after buying an additional 202 shares in the last quarter. Hedge funds and other institutional investors own 95.96% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms have recently commented on TREX. Truist Financial lowered their target price on shares of Trex from $100.00 to $90.00 and set a “buy” rating on the stock in a report on Tuesday, February 25th. Bank of America decreased their price target on shares of Trex from $85.00 to $79.00 and set a “buy” rating on the stock in a research note on Tuesday, February 25th. Benchmark reaffirmed a “buy” rating and set a $80.00 price target on shares of Trex in a research note on Monday, March 3rd. Jefferies Financial Group decreased their price target on shares of Trex from $81.00 to $71.00 and set a “hold” rating on the stock in a research note on Tuesday, February 25th. Finally, UBS Group decreased their price target on shares of Trex from $76.00 to $74.00 and set a “neutral” rating on the stock in a research note on Tuesday, February 25th. Two research analysts have rated the stock with a sell rating, nine have issued a hold rating and six have assigned a buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $78.63.

Insider Buying and Selling

In related news, Director Melkeya Mcduffie sold 1,420 shares of the firm’s stock in a transaction dated Friday, February 28th. The shares were sold at an average price of $61.88, for a total value of $87,869.60. Following the transaction, the director now owns 1,705 shares of the company’s stock, valued at $105,505.40. This trade represents a 45.44 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. 0.71% of the stock is currently owned by insiders.

Trex Stock Down 2.2 %

TREX stock opened at $56.26 on Monday. Trex Company, Inc. has a twelve month low of $54.70 and a twelve month high of $100.77. The stock has a market capitalization of $6.03 billion, a price-to-earnings ratio of 25.69, a price-to-earnings-growth ratio of 2.51 and a beta of 1.60. The firm’s fifty day simple moving average is $67.68 and its two-hundred day simple moving average is $68.55.

Trex (NYSE:TREX) last posted its quarterly earnings results on Monday, February 24th. The construction company reported $0.09 EPS for the quarter, topping the consensus estimate of $0.04 by $0.05. The company had revenue of $167.63 million for the quarter, compared to the consensus estimate of $160.54 million. Trex had a net margin of 20.23% and a return on equity of 28.89%. As a group, equities research analysts expect that Trex Company, Inc. will post 2.04 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.