Curi RMB Capital LLC Has $4.54 Million Stock Position in Trex Company, Inc. (NYSE:TREX)

Curi RMB Capital LLC grew its holdings in shares of Trex Company, Inc. (NYSE:TREX) by 27.2% in the 3rd quarter, according to its most recent disclosure with the SEC. The fund owned 68,149 shares of the construction company’s stock after acquiring an additional 14,558 shares during the period. Curi RMB Capital LLC owned about 0.06% of Trex worth $4,537,000 as of its most recent SEC filing.

Other hedge funds also recently modified their holdings of the company. Hantz Financial Services Inc. acquired a new stake in Trex during the 2nd quarter valued at approximately $31,000. UMB Bank n.a. increased its position in shares of Trex by 150.8% during the third quarter. UMB Bank n.a. now owns 652 shares of the construction company’s stock worth $43,000 after buying an additional 392 shares during the period. Ashton Thomas Private Wealth LLC bought a new position in Trex during the second quarter worth $44,000. Quarry LP lifted its holdings in Trex by 576.4% in the second quarter. Quarry LP now owns 602 shares of the construction company’s stock valued at $45,000 after buying an additional 513 shares during the period. Finally, Mather Group LLC. boosted its position in Trex by 142.3% during the second quarter. Mather Group LLC. now owns 630 shares of the construction company’s stock valued at $47,000 after acquiring an additional 370 shares during the last quarter. Institutional investors and hedge funds own 95.96% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on TREX. UBS Group dropped their price objective on Trex from $104.00 to $79.00 and set a “neutral” rating on the stock in a research note on Wednesday, August 7th. JPMorgan Chase & Co. cut their price target on Trex from $95.00 to $69.00 and set a “neutral” rating on the stock in a report on Monday, August 12th. Truist Financial lowered their price objective on shares of Trex from $120.00 to $100.00 and set a “buy” rating for the company in a research note on Wednesday, August 7th. Stifel Nicolaus dropped their target price on shares of Trex from $110.00 to $85.00 and set a “buy” rating on the stock in a research report on Wednesday, August 7th. Finally, Barclays reduced their price target on shares of Trex from $68.00 to $67.00 and set an “underweight” rating for the company in a report on Tuesday, October 29th. Two analysts have rated the stock with a sell rating, ten have assigned a hold rating and six have assigned a buy rating to the company. According to MarketBeat, the company has an average rating of “Hold” and an average target price of $79.94.

Trex Stock Down 2.5 %

TREX stock opened at $70.82 on Friday. The stock’s 50 day moving average is $67.26 and its 200-day moving average is $74.33. Trex Company, Inc. has a twelve month low of $58.68 and a twelve month high of $101.91. The firm has a market capitalization of $7.59 billion, a PE ratio of 32.34, a P/E/G ratio of 3.30 and a beta of 1.49.

Trex (NYSE:TREX) last posted its quarterly earnings data on Monday, October 28th. The construction company reported $0.37 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.32 by $0.05. The firm had revenue of $233.72 million for the quarter, compared to the consensus estimate of $225.42 million. Trex had a net margin of 20.23% and a return on equity of 28.89%. The business’s revenue for the quarter was down 23.1% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.57 EPS. On average, equities research analysts anticipate that Trex Company, Inc. will post 2.05 earnings per share for the current fiscal year.

About Trex

Trex Company, Inc manufactures and distributes composite decking, railing, and outdoor living products and accessories for residential and commercial markets in the United States. It offers decking products and accessories under the names Trex Transcend, Trex Select, Trex Signature, Trex Transcend Lineage, and Trex Enhance for protection against fading, staining, mold, and scratching; Trex Hideaway, a hidden fastening system; and Trex DeckLighting, a LED dimmable deck lighting for use on posts, floors, and steps.