Mount Yale Investment Advisors LLC Takes $234,000 Position in Trex Company, Inc. (NYSE:TREX)

Mount Yale Investment Advisors LLC bought a new position in shares of Trex Company, Inc. (NYSE:TREX) in the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund bought 3,394 shares of the construction company’s stock, valued at approximately $234,000.

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

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on TREX. Citigroup reduced their target price on shares of Trex from $84.00 to $78.00 and set a “neutral” rating for the company in a research report on Monday, January 6th. Barclays cut their price objective on shares of Trex from $68.00 to $67.00 and set an “underweight” rating for the company in a report on Tuesday, October 29th. StockNews.com cut shares of Trex from a “hold” rating to a “sell” rating in a report on Tuesday, October 29th. DA Davidson boosted their price target on Trex from $70.00 to $74.00 and gave the company a “neutral” rating in a research note on Tuesday, October 29th. Finally, BMO Capital Markets increased their price target on Trex from $67.00 to $72.00 and gave the stock a “market perform” rating in a research report on Tuesday, October 29th. Two analysts have rated the stock with a sell rating, nine have assigned a hold rating and six have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $79.81.

Trex Trading Up 0.8 %

Shares of NYSE TREX opened at $72.71 on Thursday. The company has a market cap of $7.79 billion, a price-to-earnings ratio of 33.20, a PEG ratio of 3.06 and a beta of 1.50. Trex Company, Inc. has a 12 month low of $58.68 and a 12 month high of $101.91. The stock has a 50-day moving average price of $72.50 and a two-hundred day moving average price of $70.07.

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, topping analysts’ consensus estimates of $0.32 by $0.05. Trex had a net margin of 20.23% and a return on equity of 28.89%. The business had revenue of $233.72 million during the quarter, compared to analysts’ expectations of $225.42 million. During the same period in the prior year, the company earned $0.57 EPS. The firm’s quarterly revenue was down 23.1% compared to the same quarter last year. On average, sell-side analysts predict that Trex Company, Inc. will post 2.05 earnings per share for the current year.

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.