Trex Company, Inc. $TREX Shares Acquired by Geode Capital Management LLC

Geode Capital Management LLC lifted its position in shares of Trex Company, Inc. (NYSE:TREX) by 1.3% in the 4th quarter, Holdings Channel.com reports. The firm owned 1,913,263 shares of the construction company’s stock after purchasing an additional 24,892 shares during the period. Geode Capital Management LLC’s holdings in Trex were worth $67,132,000 as of its most recent SEC filing.

Several other institutional investors have also modified their holdings of TREX. AQR Capital Management LLC lifted its position in shares of Trex by 3.2% during the 1st quarter. AQR Capital Management LLC now owns 5,642 shares of the construction company’s stock worth $320,000 after purchasing an additional 177 shares during the last quarter. Goldman Sachs Group Inc. lifted its position in shares of Trex by 91.3% during the 1st quarter. Goldman Sachs Group Inc. now owns 822,772 shares of the construction company’s stock worth $47,803,000 after purchasing an additional 392,715 shares during the last quarter. Hsbc Holdings PLC lifted its position in shares of Trex by 6.3% during the 2nd 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 last quarter. First Trust Advisors LP lifted its position in shares of Trex by 535.1% during the 2nd quarter. First Trust Advisors LP now owns 22,038 shares of the construction company’s stock worth $1,198,000 after purchasing an additional 18,568 shares during the last quarter. Finally, Jump Financial LLC purchased a new stake in shares of Trex during the 2nd quarter worth $1,055,000. 95.96% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several research firms have recently issued reports on TREX. Barclays reaffirmed an “underweight” rating and set a $36.00 price objective (up from $35.00) on shares of Trex in a research report on Monday, May 11th. Citigroup reaffirmed a “neutral” rating and set a $43.00 price objective (down from $46.00) on shares of Trex in a research report on Monday, May 11th. Stifel Nicolaus lifted their price objective on shares of Trex from $40.00 to $44.00 and gave the stock a “hold” rating in a research report on Monday, May 11th. UBS Group reaffirmed a “buy” rating and set a $59.00 price objective (up from $58.00) on shares of Trex in a research report on Friday, May 8th. Finally, Wall Street Zen cut shares of Trex from a “hold” rating to a “sell” rating in a research report on Saturday. Eleven investment analysts have rated the stock with a Buy rating, nine have issued a Hold rating and two have given a Sell rating to the 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 $42.08 on Tuesday. Trex Company, Inc. has a 1-year low of $29.77 and a 1-year high of $68.78. The stock has a market cap of $4.37 billion, a PE ratio of 23.51, a price-to-earnings-growth ratio of 8.03 and a beta of 1.51. The firm has a fifty day moving average price of $39.48 and a 200 day moving average price of $38.82.

Trex (NYSE:TREX) last announced its quarterly earnings results on Thursday, May 7th. The construction company reported $0.59 earnings per share for the quarter, beating analysts’ consensus estimates 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 analysts’ expectations of $339.99 million. During the same period in the previous year, the company earned $0.60 earnings per share. Trex’s quarterly revenue was up 1.0% compared to the same quarter last year. As a group, equities analysts expect that Trex Company, Inc. will post 1.68 EPS for the current fiscal year.

About Trex

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.