Nicolet Advisory Services LLC Buys 389 Shares of Trex Company, Inc. (NYSE:TREX)

Nicolet Advisory Services LLC increased its stake in Trex Company, Inc. (NYSE:TREX) by 5.2% in the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 7,809 shares of the construction company’s stock after acquiring an additional 389 shares during the period. Nicolet Advisory Services LLC’s holdings in Trex were worth $532,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in TREX. Renaissance Technologies LLC purchased a new position in shares of Trex during the second quarter worth approximately $19,475,000. Impax Asset Management Group plc lifted its stake in Trex by 44.2% in the third quarter. Impax Asset Management Group plc now owns 822,361 shares of the construction company’s stock worth $54,753,000 after purchasing an additional 252,262 shares during the last quarter. Federated Hermes Inc. boosted its position in Trex by 39.1% during the second quarter. Federated Hermes Inc. now owns 774,083 shares of the construction company’s stock valued at $57,375,000 after buying an additional 217,767 shares during the period. Achmea Investment Management B.V. purchased a new stake in Trex during the second quarter valued at about $15,635,000. Finally, Cubist Systematic Strategies LLC grew its stake in shares of Trex by 514.3% during the second quarter. Cubist Systematic Strategies LLC now owns 211,579 shares of the construction company’s stock valued at $15,682,000 after buying an additional 177,136 shares during the last quarter. Institutional investors own 95.96% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms have recently weighed in on TREX. B. Riley lowered their target price on Trex from $107.00 to $97.00 and set a “buy” rating for the company in a research note on Wednesday, August 7th. Bank of America dropped their price objective on Trex from $97.00 to $85.00 and set a “buy” rating for the company in a research note on Wednesday, August 7th. JPMorgan Chase & Co. decreased their target price on shares of Trex from $95.00 to $69.00 and set a “neutral” rating on the stock in a research note on Monday, August 12th. Truist Financial dropped their price target on shares of Trex from $120.00 to $100.00 and set a “buy” rating for the company in a research report on Wednesday, August 7th. Finally, Stephens downgraded shares of Trex from an “overweight” rating to an “equal weight” rating and lowered their price objective for the company from $115.00 to $72.00 in a research note on Wednesday, August 7th. Two research analysts have rated the stock with a sell rating, ten have issued a hold rating and six have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $79.94.

Trex Stock Up 2.7 %

Shares of TREX stock opened at $72.25 on Friday. The business’s fifty day moving average is $67.94 and its 200 day moving average is $73.44. The stock has a market cap of $7.74 billion, a price-to-earnings ratio of 32.99, a PEG ratio of 3.20 and a beta of 1.49. Trex Company, Inc. has a twelve month low of $58.68 and a twelve month high of $101.91.

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

Trex Company 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.