Fideuram Intesa Sanpaolo Private Banking S.P.A. Makes New $1.20 Million Investment in Trex Company, Inc. $TREX

Fideuram Intesa Sanpaolo Private Banking S.P.A. bought a new stake in Trex Company, Inc. (NYSE:TREX) during the 4th quarter, Holdings Channel reports. The firm bought 34,154 shares of the construction company’s stock, valued at approximately $1,198,000.

Several other institutional investors have also added to or reduced their stakes in the company. AQR Capital Management LLC boosted its position in shares of Trex by 3.2% in the first quarter. AQR Capital Management LLC now owns 5,642 shares of the construction company’s stock valued at $320,000 after acquiring an additional 177 shares during the period. Goldman Sachs Group Inc. raised its holdings in Trex by 91.3% in the 1st quarter. Goldman Sachs Group Inc. now owns 822,772 shares of the construction company’s stock valued at $47,803,000 after acquiring an additional 392,715 shares in the last quarter. Hsbc Holdings PLC increased its position in shares of Trex by 6.3% in the second quarter. Hsbc Holdings PLC now owns 5,403 shares of the construction company’s stock worth $294,000 after purchasing an additional 322 shares during the period. First Trust Advisors LP grew its stake in Trex by 535.1% during the second quarter. First Trust Advisors LP now owns 22,038 shares of the construction company’s stock worth $1,198,000 after buying an additional 18,568 shares in the last quarter. Finally, Jump Financial LLC bought a new stake in shares of Trex during the 2nd quarter worth approximately $1,055,000. 95.96% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of research firms have recently commented on TREX. DA Davidson increased their target price on shares of Trex from $50.00 to $51.00 and gave the stock a “buy” rating in a report on Wednesday, March 11th. Barclays reaffirmed an “underweight” rating and set a $36.00 price target (up from $35.00) on shares of Trex in a report on Monday, May 11th. Stifel Nicolaus raised their price objective on Trex from $40.00 to $44.00 and gave the company a “hold” rating in a report on Monday, May 11th. Wall Street Zen upgraded Trex from a “sell” rating to a “hold” rating in a report on Saturday, May 2nd. Finally, UBS Group reissued a “buy” rating and set a $59.00 target price (up from $58.00) on shares of Trex in a report on Friday, May 8th. Eleven investment analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and two have given a Sell rating to the company’s stock. According to MarketBeat.com, Trex currently has an average rating of “Hold” and a consensus target price of $46.42.

Trex Price Performance

Shares of TREX opened at $38.87 on Friday. The company has a market capitalization of $4.04 billion, a price-to-earnings ratio of 21.71, a price-to-earnings-growth ratio of 7.75 and a beta of 1.51. The business has a 50-day moving average of $38.61 and a 200-day moving average of $38.31. Trex Company, Inc. has a 1 year low of $29.77 and a 1 year high of $68.78.

Trex (NYSE:TREX) last released its quarterly earnings results on Thursday, May 7th. The construction company reported $0.59 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.51 by $0.08. Trex had a net margin of 16.25% and a return on equity of 19.66%. The firm had revenue of $343.40 million during the quarter, compared to analyst estimates of $339.99 million. During the same quarter last year, the business earned $0.60 EPS. The company’s revenue was up 1.0% compared to the same quarter last year. As a group, sell-side analysts anticipate that Trex Company, Inc. will post 1.68 EPS for the current year.

Trex Company Profile

Trex Company, Inc is a leading manufacturer of wood-alternative decking and railing systems designed for residential and commercial outdoor living environments. The company’s core offerings feature composite decking products made from a proprietary blend of recycled wood fibers and plastic film, which deliver enhanced durability, resistance to rot and insect damage, and low maintenance compared to traditional wood. Trex also provides matching railing, lighting, fencing and cladding solutions that allow customers to create cohesive, high-performance outdoor spaces.

Trex’s product portfolio is organized into multiple performance tiers, including premium, mid-range and value-oriented lines.