Trex Company, Inc. (NYSE:TREX) Shares Sold by Achmea Investment Management B.V.

Achmea Investment Management B.V. trimmed its position in Trex Company, Inc. (NYSE:TREX) by 8.0% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 177,786 shares of the construction company’s stock after selling 15,407 shares during the period. Achmea Investment Management B.V.’s holdings in Trex were worth $12,273,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of the company. L & S Advisors Inc purchased a new stake in shares of Trex during the third quarter worth $1,000,000. Algert Global LLC grew 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 valued at $5,746,000 after acquiring an additional 38,700 shares in the last quarter. Curi RMB Capital LLC grew its stake in Trex by 27.2% during the 3rd quarter. Curi RMB Capital LLC now owns 68,149 shares of the construction company’s stock valued at $4,537,000 after acquiring an additional 14,558 shares in the last quarter. Dynamic Technology Lab Private Ltd raised its holdings in Trex by 237.6% in the 3rd quarter. Dynamic Technology Lab Private Ltd now owns 53,084 shares of the construction company’s stock valued at $3,534,000 after acquiring an additional 37,362 shares during the last quarter. Finally, Entropy Technologies LP lifted its stake in Trex by 287.1% in the 3rd 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. 95.96% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on TREX shares. Benchmark restated a “buy” rating and issued a $80.00 price target on shares of Trex in a research report on Monday, March 3rd. Bank of America dropped their target price on Trex from $85.00 to $79.00 and set a “buy” rating for the company in a report on Tuesday, February 25th. JPMorgan Chase & Co. reduced their price target on Trex from $79.00 to $73.00 and set a “neutral” rating on the stock in a report on Wednesday, March 5th. DA Davidson reissued a “neutral” rating and set a $74.00 price target on shares of Trex in a research report on Tuesday, February 25th. Finally, Jefferies Financial Group cut their price objective on shares of Trex from $81.00 to $71.00 and set a “hold” rating for the company in a research report on Tuesday, February 25th. Two analysts have rated the stock with a sell rating, nine have given a hold rating and six have issued a buy rating to the company’s stock. According to MarketBeat, Trex has a consensus rating of “Hold” and an average target price of $78.63.

Trex Stock Performance

NYSE:TREX opened at $53.99 on Friday. Trex Company, Inc. has a fifty-two week low of $52.75 and a fifty-two week high of $100.77. The company has a 50 day moving average price of $66.80 and a 200 day moving average price of $68.29. The stock has a market capitalization of $5.79 billion, a P/E ratio of 24.65, a PEG ratio of 2.51 and a beta of 1.60.

Trex (NYSE:TREX) last released 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 business had revenue of $167.63 million during the quarter, compared to analyst estimates of $160.54 million. Trex had a return on equity of 28.89% and a net margin of 20.23%. Research analysts forecast that Trex Company, Inc. will post 2.04 earnings per share for the current fiscal year.

Insider Activity at Trex

In related news, Director Melkeya Mcduffie sold 1,420 shares of the company’s stock in a transaction that occurred on Friday, February 28th. The shares were sold at an average price of $61.88, for a total transaction of $87,869.60. Following the sale, the director now directly owns 1,705 shares of the company’s stock, valued at $105,505.40. This represents a 45.44 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.71% of the stock is currently owned by company insiders.

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.