Point72 Asia Singapore Pte. Ltd. Buys 776 Shares of Trex Company, Inc. (NYSE:TREX)

Point72 Asia Singapore Pte. Ltd. boosted its position in Trex Company, Inc. (NYSE:TREX) by 12.9% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 6,786 shares of the construction company’s stock after purchasing an additional 776 shares during the period. Point72 Asia Singapore Pte. Ltd.’s holdings in Trex were worth $452,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also bought and sold shares of the company. Hantz Financial Services Inc. bought a new stake in shares of Trex in the second quarter valued at $31,000. Ashton Thomas Private Wealth LLC bought a new stake in Trex in the 2nd quarter valued at about $44,000. Quarry LP lifted its holdings in Trex by 576.4% during the second quarter. Quarry LP now owns 602 shares of the construction company’s stock valued at $45,000 after purchasing an additional 513 shares during the last quarter. Mather Group LLC. boosted its position in Trex by 142.3% during the second quarter. Mather Group LLC. now owns 630 shares of the construction company’s stock worth $47,000 after purchasing an additional 370 shares during the period. Finally, UMB Bank n.a. increased its stake in shares of 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 in the last quarter. 95.96% of the stock is owned by institutional investors.

Trex Trading Up 0.7 %

Shares of Trex stock opened at $75.54 on Tuesday. The business’s 50-day moving average price is $68.73 and its 200-day moving average price is $72.58. The firm has a market capitalization of $8.09 billion, a PE ratio of 34.49, a price-to-earnings-growth ratio of 3.41 and a beta of 1.49. Trex Company, Inc. has a 12 month low of $58.68 and a 12 month high of $101.91.

Trex (NYSE:TREX) last posted its quarterly earnings results on Monday, October 28th. The construction company reported $0.37 EPS for the quarter, topping the consensus estimate 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 last year, the firm posted $0.57 earnings per share. The business’s revenue was down 23.1% compared to the same quarter last year. As a group, analysts predict that Trex Company, Inc. will post 2.05 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of analysts recently commented on TREX shares. DA Davidson upped their price target on shares of Trex from $70.00 to $74.00 and gave the company a “neutral” rating in a research note on Tuesday, October 29th. UBS Group cut their price target on Trex from $104.00 to $79.00 and set a “neutral” rating for the company in a report on Wednesday, August 7th. Stifel Nicolaus decreased their price objective on Trex from $110.00 to $85.00 and set a “buy” rating on the stock in a research note on Wednesday, August 7th. Bank of America cut their target price on Trex from $97.00 to $85.00 and set a “buy” rating for the company in a research note on Wednesday, August 7th. Finally, Truist Financial decreased their price target on Trex from $120.00 to $100.00 and set a “buy” rating on the stock in a research report on Wednesday, August 7th. Two equities research analysts have rated the stock with a sell rating, ten have given a hold rating and six have given a buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $79.94.

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.