First National Bank of Hutchinson Acquires 2,016 Shares of Trex Company, Inc. (NYSE:TREX)

First National Bank of Hutchinson lifted its holdings in shares of Trex Company, Inc. (NYSE:TREX) by 16.2% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 14,429 shares of the construction company’s stock after purchasing an additional 2,016 shares during the period. First National Bank of Hutchinson’s holdings in Trex were worth $996,000 at the end of the most recent reporting period.

Several other large investors have also added to or reduced their stakes in TREX. L & S Advisors Inc acquired a new stake in Trex in the third quarter valued at approximately $1,000,000. Algert Global LLC grew its position in Trex by 81.3% in the 3rd quarter. Algert Global LLC now owns 86,300 shares of the construction company’s stock valued at $5,746,000 after purchasing an additional 38,700 shares during the period. Dynamic Technology Lab Private Ltd grew its position in Trex by 237.6% in the 3rd quarter. Dynamic Technology Lab Private Ltd now owns 53,084 shares of the construction company’s stock valued at $3,534,000 after purchasing an additional 37,362 shares during the period. JPMorgan Chase & Co. increased its stake in Trex by 97.6% during the 3rd quarter. JPMorgan Chase & Co. now owns 797,513 shares of the construction company’s stock valued at $53,098,000 after purchasing an additional 393,850 shares in the last quarter. Finally, Atomi Financial Group Inc. acquired a new position in Trex during the fourth quarter worth $247,000. Institutional investors and hedge funds own 95.96% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms have issued reports on TREX. Jefferies Financial Group cut their price objective 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. DA Davidson restated a “neutral” rating and issued a $74.00 price objective on shares of Trex in a research note on Tuesday, February 25th. StockNews.com downgraded Trex from a “hold” rating to a “sell” rating in a research report on Wednesday, March 5th. Truist Financial cut their target price on Trex from $100.00 to $90.00 and set a “buy” rating for the company in a research note on Tuesday, February 25th. Finally, Citigroup cut their price objective on shares of Trex from $84.00 to $78.00 and set a “neutral” rating for the company in a research report on Monday, January 6th. Two equities research analysts have rated the stock with a sell rating, nine have issued a hold rating and six have given a buy rating to the company’s stock. According to data from MarketBeat.com, Trex presently has a consensus rating of “Hold” and an average target price of $78.63.

Trex Stock Up 1.9 %

TREX opened at $59.17 on Thursday. The business’s fifty day simple moving average is $65.70 and its 200 day simple moving average is $68.03. Trex Company, Inc. has a 52 week low of $52.75 and a 52 week high of $100.77. The stock has a market cap of $6.34 billion, a PE ratio of 27.02, a P/E/G ratio of 2.51 and a beta of 1.60.

Trex (NYSE:TREX) last announced its quarterly earnings data on Monday, February 24th. The construction company reported $0.09 EPS for the quarter, beating the consensus estimate of $0.04 by $0.05. The firm had revenue of $167.63 million for the quarter, compared to analyst estimates of $160.54 million. Trex had a return on equity of 28.89% and a net margin of 20.23%. As a group, equities analysts anticipate that Trex Company, Inc. will post 2.04 earnings per share for the current year.

Insiders Place Their Bets

In related news, Director Melkeya Mcduffie sold 1,420 shares of Trex stock in a transaction on Friday, February 28th. The shares were sold at an average price of $61.88, for a total value of $87,869.60. Following the transaction, the director now owns 1,705 shares in the company, valued at $105,505.40. This trade represents a 45.44 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 0.71% of the company’s stock.

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.