Trex Company, Inc. (NYSE:TREX) is Montanaro Asset Management Ltd’s 4th Largest Position

Montanaro Asset Management Ltd cut its stake in Trex Company, Inc. (NYSE:TREX) by 2.0% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 315,900 shares of the construction company’s stock after selling 6,400 shares during the quarter. Trex comprises about 4.5% of Montanaro Asset Management Ltd’s portfolio, making the stock its 4th biggest position. Montanaro Asset Management Ltd owned approximately 0.29% of Trex worth $21,807,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently made changes to their positions in the stock. Wilmington Savings Fund Society FSB acquired a new position in shares of Trex during the third quarter valued at about $30,000. Mather Group LLC. increased its stake in Trex by 73.5% during the 4th quarter. Mather Group LLC. now owns 451 shares of the construction company’s stock valued at $31,000 after purchasing an additional 191 shares in the last quarter. Avior Wealth Management LLC increased its position in shares of Trex by 1,212.8% in 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 acquired a new stake in shares of Trex in the fourth quarter worth $41,000. Finally, V Square Quantitative Management LLC raised its holdings in shares of Trex by 47.4% during the fourth quarter. V Square Quantitative Management LLC now owns 628 shares of the construction company’s stock worth $43,000 after purchasing an additional 202 shares during the last quarter. 95.96% of the stock is owned by institutional investors.

Trex Stock Performance

Trex stock opened at $61.11 on Thursday. The company has a market capitalization of $6.55 billion, a PE ratio of 27.90, a price-to-earnings-growth ratio of 2.51 and a beta of 1.60. Trex Company, Inc. has a fifty-two week low of $52.75 and a fifty-two week high of $100.33. The firm has a 50 day moving average price of $65.07 and a 200 day moving average price of $68.00.

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

Insider Activity

In related news, Director Melkeya Mcduffie sold 1,420 shares of the business’s 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 completion of the sale, the director now directly owns 1,705 shares of the company’s stock, valued at $105,505.40. The trade was a 45.44 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Company insiders own 0.71% of the company’s stock.

Analysts Set New Price Targets

TREX has been the topic of a number of recent research reports. Truist Financial lowered their target price on Trex from $100.00 to $90.00 and set a “buy” rating on the stock in a research note on Tuesday, February 25th. Citigroup dropped their price objective on shares of Trex from $84.00 to $78.00 and set a “neutral” rating on the stock in a research note on Monday, January 6th. Jefferies Financial Group dropped their price target on shares of Trex from $81.00 to $71.00 and set a “hold” rating on the stock in a research report on Tuesday, February 25th. JPMorgan Chase & Co. dropped their target price on Trex from $79.00 to $73.00 and set a “neutral” rating on the stock in a research report on Wednesday, March 5th. Finally, Benchmark restated a “buy” rating and issued a $80.00 price target on shares of Trex in a research note on Monday, March 3rd. Two investment analysts have rated the stock with a sell rating, nine have given a hold rating and six have assigned a buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $78.63.

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.