Trillium Asset Management LLC Buys New Shares in Trex Company, Inc. $TREX

Trillium Asset Management LLC bought a new position in shares of Trex Company, Inc. (NYSE:TREX) in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The fund bought 78,502 shares of the construction company’s stock, valued at approximately $3,928,000. Trillium Asset Management LLC owned approximately 0.08% of Trex at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of TREX. Clearstead Trust LLC purchased a new position in shares of Trex in the 4th quarter valued at about $33,000. Ascentis Independent Advisors purchased a new stake in shares of Trex during the first quarter worth approximately $44,000. Eurizon Capital SGR S.p.A. purchased a new stake in shares of Trex during the fourth quarter worth approximately $47,000. Empowered Funds LLC acquired a new stake in Trex in the fourth quarter valued at approximately $50,000. Finally, Versant Capital Management Inc acquired a new stake in Trex in the second quarter valued at approximately $58,000. Hedge funds and other institutional investors own 95.96% of the company’s stock.

Analyst Ratings Changes

Several research analysts have commented on the stock. Deutsche Bank Aktiengesellschaft reiterated a “hold” rating and set a $51.00 price target (up from $41.00) on shares of Trex in a report on Tuesday, July 14th. Wall Street Zen raised shares of Trex from a “sell” rating to a “hold” rating in a research report on Sunday, July 12th. Zelman & Associates upgraded shares of Trex from a “neutral” rating to an “outperform” rating and set a $50.00 target price for the company in a research note on Monday, May 18th. DA Davidson reissued a “buy” rating and issued a $55.00 target price on shares of Trex in a report on Tuesday, July 14th. Finally, The Goldman Sachs Group reissued 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. One equities research analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating, nine have given a Hold rating and two have given a Sell rating to the stock. According to data from MarketBeat.com, Trex presently has a consensus rating of “Hold” and an average target price of $49.30.

Insiders Place Their Bets

In other Trex news, 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 value of $52,573.50. Following the completion of the transaction, the senior vice president owned 67,794 shares in the company, valued at $3,394,445.58. This represents a 1.53% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, SVP Jacob T. Rudolph sold 1,400 shares of the firm’s stock in a transaction dated Thursday, June 25th. The stock was sold at an average price of $50.00, for a total value of $70,000.00. Following the transaction, the senior vice president directly owned 36,631 shares in the company, valued at approximately $1,831,550. The trade was a 3.68% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.93% of the stock is owned by insiders.

Trex Stock Down 2.1%

Shares of Trex stock opened at $47.27 on Friday. Trex Company, Inc. has a 52 week low of $29.77 and a 52 week high of $66.06. The firm’s 50 day moving average is $46.70 and its two-hundred day moving average is $42.33. The firm has a market capitalization of $4.91 billion, a P/E ratio of 28.14, a P/E/G ratio of 3.33 and a beta of 1.48.

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

Trex 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.