Windsor Advisory Group LLC Makes New Investment in Trex Company, Inc. $TREX

Windsor Advisory Group LLC bought a new stake in Trex Company, Inc. (NYSE:TREX) during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The firm bought 12,380 shares of the construction company’s stock, valued at approximately $619,000. Trex accounts for about 0.4% of Windsor Advisory Group LLC’s holdings, making the stock its 29th biggest holding.

Several other hedge funds and other institutional investors also recently made changes to their positions in the company. Clearstead Trust LLC bought a new stake in shares of Trex during the 4th quarter worth approximately $33,000. Versant Capital Management Inc bought a new position in Trex in the second quarter valued at approximately $58,000. Ascentis Independent Advisors bought a new position in Trex in the first quarter valued at approximately $44,000. Eurizon Capital SGR S.p.A. acquired a new position in Trex during the fourth quarter valued at approximately $47,000. Finally, Empowered Funds LLC acquired a new position in Trex during the fourth quarter valued at approximately $50,000. 95.96% of the stock is currently owned by institutional investors and hedge funds.

Trex Stock Down 0.2%

Shares of NYSE:TREX opened at $46.75 on Thursday. The business has a fifty day simple moving average of $46.76 and a 200 day simple moving average of $42.45. The firm has a market cap of $4.86 billion, a P/E ratio of 27.83, a P/E/G ratio of 3.23 and a beta of 1.48. Trex Company, Inc. has a 12-month low of $29.77 and a 12-month high of $66.06.

Trex (NYSE:TREX) last announced its earnings results on Tuesday, August 4th. The construction company reported $0.62 EPS for the quarter, missing the consensus estimate of $0.63 by ($0.01). The company had revenue of $418.02 million during the quarter, compared to the consensus estimate of $415.71 million. Trex had a net margin of 14.68% and a return on equity of 18.03%. The business’s revenue was up 7.8% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.71 earnings per share. As a group, equities research analysts expect that Trex Company, Inc. will post 1.76 EPS for the current year.

Insider Buying and Selling

In other news, SVP Jacob T. Rudolph sold 1,400 shares of the company’s stock in a transaction on Thursday, June 25th. The shares were sold at an average price of $50.00, for a total value of $70,000.00. Following the sale, the senior vice president directly owned 36,631 shares of the company’s stock, valued at approximately $1,831,550. This represents a 3.68% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, SVP Amy M. Fernandez sold 1,050 shares of the company’s stock in a transaction on Friday, August 7th. The shares were sold at an average price of $50.07, for a total transaction of $52,573.50. Following the completion of the sale, the senior vice president directly owned 67,794 shares in the company, valued at approximately $3,394,445.58. This represents a 1.53% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. 0.93% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on TREX shares. The Goldman Sachs Group reaffirmed a “buy” rating and issued a $56.00 target price (up from $49.00) on shares of Trex in a report on Friday, July 10th. Stifel Nicolaus set a $49.00 price target on Trex and gave the stock a “hold” rating in a report on Tuesday, August 11th. Deutsche Bank Aktiengesellschaft restated a “hold” rating and set a $51.00 price objective (up from $41.00) on shares of Trex in a research report on Tuesday, July 14th. BMO Capital Markets set a $57.00 price objective on Trex in a research note on Wednesday, August 5th. Finally, Barclays reiterated an “underweight” rating and issued a $42.00 target price (up from $36.00) on shares of Trex in a research report on Tuesday, July 14th. One investment analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating, nine have given a Hold rating and two have issued a Sell rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $49.30.

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.