SG Americas Securities LLC Boosts Stock Position in Trex Company, Inc. $TREX

SG Americas Securities LLC raised its holdings in Trex Company, Inc. (NYSE:TREX) by 723.2% during the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 103,603 shares of the construction company’s stock after acquiring an additional 91,018 shares during the quarter. SG Americas Securities LLC owned approximately 0.10% of Trex worth $3,634,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also bought and sold shares of TREX. AQR Capital Management LLC boosted its stake in shares of Trex by 17,551.6% during the third quarter. AQR Capital Management LLC now owns 1,598,001 shares of the construction company’s stock valued at $81,498,000 after purchasing an additional 1,588,948 shares during the period. Norges Bank purchased a new position in Trex in the 2nd quarter worth about $54,795,000. Impax Asset Management Group plc increased its stake in Trex by 93.0% in the 3rd quarter. Impax Asset Management Group plc now owns 1,934,581 shares of the construction company’s stock worth $99,354,000 after buying an additional 932,247 shares during the period. Wellington Management Group LLP lifted its holdings in Trex by 86.8% during the 3rd quarter. Wellington Management Group LLP now owns 1,974,096 shares of the construction company’s stock valued at $102,002,000 after buying an additional 917,448 shares in the last quarter. Finally, Federated Hermes Inc. boosted its position in Trex by 90.6% in the 3rd quarter. Federated Hermes Inc. now owns 1,469,878 shares of the construction company’s stock valued at $75,949,000 after buying an additional 698,628 shares during the period. Hedge funds and other institutional investors own 95.96% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages have commented on TREX. Wall Street Zen upgraded shares of Trex from a “sell” rating to a “hold” rating in a research note on Saturday, February 28th. Wolfe Research raised shares of Trex from a “peer perform” rating to an “outperform” rating and set a $47.00 price target for the company in a research note on Wednesday, January 7th. DA Davidson increased their price objective on Trex from $50.00 to $51.00 and gave the stock a “buy” rating in a research note on Wednesday, March 11th. Zacks Research upgraded Trex from a “strong sell” rating to a “hold” rating in a report on Tuesday, February 3rd. Finally, BMO Capital Markets reaffirmed an “outperform” rating and set a $54.00 target price on shares of Trex in a research report on Thursday, January 8th. Ten research analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and three have assigned a Sell rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $47.78.

Trex Trading Down 2.7%

Shares of NYSE:TREX opened at $35.58 on Friday. Trex Company, Inc. has a 12-month low of $29.77 and a 12-month high of $68.78. The business’s fifty day simple moving average is $39.99 and its 200-day simple moving average is $41.29. The company has a market capitalization of $3.70 billion, a PE ratio of 20.10, a P/E/G ratio of 8.41 and a beta of 1.60.

Trex (NYSE:TREX) last issued its quarterly earnings data on Tuesday, February 24th. The construction company reported $0.04 earnings per share for the quarter, topping analysts’ consensus estimates of ($0.01) by $0.05. Trex had a return on equity of 20.29% and a net margin of 16.22%.The firm had revenue of $161.13 million during the quarter, compared to analysts’ expectations of $144.39 million. During the same period in the prior year, the business posted $0.09 EPS. The firm’s quarterly revenue was down 3.9% on a year-over-year basis. Research analysts predict that Trex Company, Inc. will post 2.04 EPS for the current 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.