Blair William & Co. IL Has $43.68 Million Stock Holdings in Trex Company, Inc. (NYSE:TREX)

Blair William & Co. IL cut its holdings in shares of Trex Company, Inc. (NYSE:TREX) by 17.3% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 632,692 shares of the construction company’s stock after selling 132,533 shares during the quarter. Blair William & Co. IL’s holdings in Trex were worth $43,675,000 as of its most recent SEC filing.

Several other hedge funds also recently modified their holdings of the business. Wilmington Savings Fund Society FSB bought a new stake in Trex in the third quarter valued at $30,000. Mather Group LLC. increased its position in shares of Trex by 73.5% during the 4th quarter. Mather Group LLC. now owns 451 shares of the construction company’s stock worth $31,000 after purchasing an additional 191 shares in the last quarter. Avior Wealth Management LLC lifted its holdings in Trex by 1,212.8% during the 4th quarter. Avior Wealth Management LLC now owns 512 shares of the construction company’s stock valued at $35,000 after purchasing an additional 473 shares during the last quarter. Eagle Bay Advisors LLC acquired a new position in Trex in the fourth quarter valued at about $41,000. Finally, V Square Quantitative Management LLC grew its stake in Trex by 47.4% during 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 during the last quarter. 95.96% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several brokerages have recently commented on TREX. StockNews.com downgraded Trex from a “hold” rating to a “sell” rating in a report on Wednesday, March 5th. DA Davidson restated a “neutral” rating and set a $74.00 target price on shares of Trex in a report on Tuesday, February 25th. Truist Financial cut their price target on Trex from $100.00 to $90.00 and set a “buy” rating for the company in a report on Tuesday, February 25th. JPMorgan Chase & Co. decreased their price objective on shares of Trex from $79.00 to $73.00 and set a “neutral” rating on the stock in a report on Wednesday, March 5th. Finally, Citigroup dropped their target price on shares of Trex from $84.00 to $78.00 and set a “neutral” rating for the company in a research note on Monday, January 6th. Two research analysts have rated the stock with a sell rating, nine have assigned a hold rating and six have issued a buy rating to the stock. According to MarketBeat, Trex presently has a consensus rating of “Hold” and a consensus target price of $78.63.

Insider Activity at Trex

In related news, Director Melkeya Mcduffie sold 1,420 shares of the business’s stock in a transaction on Friday, February 28th. The shares were sold at an average price of $61.88, for a total value of $87,869.60. Following the sale, the director now directly owns 1,705 shares of the company’s stock, valued at approximately $105,505.40. The trade was a 45.44 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 0.71% of the stock is owned by insiders.

Trex Trading Down 2.7 %

NYSE:TREX opened at $59.41 on Friday. The firm has a market capitalization of $6.37 billion, a price-to-earnings ratio of 27.13, a PEG ratio of 2.51 and a beta of 1.60. The business’s 50-day moving average price is $64.83 and its two-hundred day moving average price is $67.94. Trex Company, Inc. has a 1-year low of $52.75 and a 1-year high of $100.33.

Trex (NYSE:TREX) last posted its earnings results on Monday, February 24th. The construction company reported $0.09 earnings per share for the quarter, topping the consensus estimate of $0.04 by $0.05. Trex had a return on equity of 28.89% and a net margin of 20.23%. The firm had revenue of $167.63 million for the quarter, compared to analyst estimates of $160.54 million. Sell-side analysts predict that Trex Company, Inc. will post 2.04 earnings per share 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.