Geneva Capital Management LLC Sells 337 Shares of Trex Company, Inc. (NYSE:TREX)

Geneva Capital Management LLC lessened its holdings in Trex Company, Inc. (NYSE:TREX) by 0.0% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,592,196 shares of the construction company’s stock after selling 337 shares during the quarter. Trex accounts for approximately 1.9% of Geneva Capital Management LLC’s investment portfolio, making the stock its 16th biggest holding. Geneva Capital Management LLC owned 1.49% of Trex worth $109,909,000 at the end of the most recent quarter.

A number of other institutional investors have also made changes to their positions in the business. Wasatch Advisors LP lifted its position in shares of Trex by 33.2% in the third quarter. Wasatch Advisors LP now owns 4,076,408 shares of the construction company’s stock worth $271,407,000 after purchasing an additional 1,015,516 shares in the last quarter. State Street Corp lifted its position in shares of Trex by 1.2% in the third quarter. State Street Corp now owns 3,183,444 shares of the construction company’s stock worth $211,954,000 after purchasing an additional 37,436 shares in the last quarter. Conestoga Capital Advisors LLC lifted its position in shares of Trex by 0.9% in the fourth quarter. Conestoga Capital Advisors LLC now owns 1,967,748 shares of the construction company’s stock worth $135,834,000 after purchasing an additional 17,405 shares in the last quarter. Geode Capital Management LLC lifted its position in shares of Trex by 1.9% in the third quarter. Geode Capital Management LLC now owns 1,873,455 shares of the construction company’s stock worth $124,766,000 after purchasing an additional 35,039 shares in the last quarter. Finally, AustralianSuper Pty Ltd bought a new stake in shares of Trex in the fourth quarter worth $110,414,000. Institutional investors own 95.96% of the company’s stock.

Insider Activity at Trex

In related news, Director Melkeya Mcduffie sold 1,420 shares of the company’s stock in a transaction dated Friday, February 28th. The shares were sold at an average price of $61.88, for a total transaction of $87,869.60. Following the completion of the sale, the director now owns 1,705 shares of the company’s stock, valued at $105,505.40. This represents a 45.44 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. 0.71% of the stock is currently owned by corporate insiders.

Trex Stock Performance

TREX stock opened at $58.78 on Thursday. The company’s 50-day simple moving average is $68.47 and its 200 day simple moving average is $68.70. Trex Company, Inc. has a 52 week low of $56.31 and a 52 week high of $100.77. The company has a market capitalization of $6.30 billion, a PE ratio of 26.84, a price-to-earnings-growth ratio of 2.51 and a beta of 1.51.

Trex (NYSE:TREX) last released its quarterly earnings results on Monday, February 24th. The construction company reported $0.09 EPS for the quarter, beating the consensus estimate of $0.04 by $0.05. Trex had a net margin of 20.23% and a return on equity of 28.89%. The business had revenue of $167.63 million for the quarter, compared to the consensus estimate of $160.54 million. On average, analysts forecast that Trex Company, Inc. will post 2.04 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of brokerages recently weighed in on TREX. Jefferies Financial Group lowered their target price on shares of Trex from $81.00 to $71.00 and set a “hold” rating on the stock in a report on Tuesday, February 25th. JPMorgan Chase & Co. lowered their target price on shares of Trex from $79.00 to $73.00 and set a “neutral” rating on the stock in a report on Wednesday. Citigroup lowered their target price on shares of Trex from $84.00 to $78.00 and set a “neutral” rating on the stock in a report on Monday, January 6th. DA Davidson restated a “neutral” rating and set a $74.00 target price on shares of Trex in a report on Tuesday, February 25th. Finally, UBS Group lowered their target price on shares of Trex from $76.00 to $74.00 and set a “neutral” rating on the stock in a report on Tuesday, February 25th. Two equities research analysts have rated the stock with a sell rating, nine have issued a hold rating and six have issued a buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $78.63.

Trex Profile

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.