Monte Financial Group LLC Sells 198 Shares of Trex Company, Inc. (NYSE:TREX)

Monte Financial Group LLC trimmed its stake in Trex Company, Inc. (NYSE:TREX) by 1.3% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 15,399 shares of the construction company’s stock after selling 198 shares during the period. Monte Financial Group LLC’s holdings in Trex were worth $1,063,000 at the end of the most recent reporting period.

Several other large investors have also recently modified their holdings of the stock. Wilmington Savings Fund Society FSB purchased a new position in shares of Trex during the third quarter valued at approximately $30,000. Avior Wealth Management LLC boosted its holdings in Trex by 1,212.8% during the 4th quarter. Avior Wealth Management LLC now owns 512 shares of the construction company’s stock valued at $35,000 after acquiring an additional 473 shares during the period. Eagle Bay Advisors LLC bought a new position in Trex in the 4th quarter valued at $41,000. UMB Bank n.a. increased its stake in Trex by 150.8% in the third quarter. UMB Bank n.a. now owns 652 shares of the construction company’s stock worth $43,000 after purchasing an additional 392 shares during the period. Finally, Quarry LP lifted its position in shares of Trex by 576.4% during the second quarter. Quarry LP now owns 602 shares of the construction company’s stock worth $45,000 after purchasing an additional 513 shares during the last quarter. Institutional investors own 95.96% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts have recently commented on the stock. Barclays cut their price target on shares of Trex from $68.00 to $67.00 and set an “underweight” rating on the stock in a report on Tuesday, October 29th. Robert W. Baird upped their target price on shares of Trex from $70.00 to $78.00 and gave the stock a “neutral” rating in a research note on Tuesday, October 29th. BMO Capital Markets lifted their price target on shares of Trex from $67.00 to $72.00 and gave the company a “market perform” rating in a research note on Tuesday, October 29th. Jefferies Financial Group reduced their price objective on Trex from $77.00 to $73.00 and set a “hold” rating on the stock in a report on Wednesday, October 9th. Finally, DA Davidson lifted their target price on Trex from $70.00 to $74.00 and gave the company a “neutral” rating in a research report on Tuesday, October 29th. Two investment analysts have rated the stock with a sell rating, nine have given a hold rating and six have issued a buy rating to the company. According to MarketBeat, Trex has a consensus rating of “Hold” and an average target price of $79.81.

Trex Stock Down 0.9 %

Shares of Trex stock opened at $73.77 on Friday. Trex Company, Inc. has a 52-week low of $58.68 and a 52-week high of $101.91. The firm’s 50 day moving average price is $72.20 and its 200-day moving average price is $70.19. The company has a market cap of $7.90 billion, a P/E ratio of 33.69, a PEG ratio of 3.06 and a beta of 1.50.

Trex (NYSE:TREX) last issued its quarterly earnings results 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 business had revenue of $233.72 million for the quarter, compared to the consensus estimate of $225.42 million. Trex had a return on equity of 28.89% and a net margin of 20.23%. The business’s quarterly revenue was down 23.1% on a year-over-year basis. During the same period in the prior year, the firm posted $0.57 earnings per share. As a group, equities research analysts forecast that Trex Company, Inc. will post 2.05 EPS 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.