417 Shares in Trex Company, Inc. (NYSE:TREX) Bought by Hantz Financial Services Inc.

Hantz Financial Services Inc. purchased a new position in shares of Trex Company, Inc. (NYSE:TREX) during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm purchased 417 shares of the construction company’s stock, valued at approximately $31,000.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Mather Group LLC. acquired a new position in Trex in the first quarter valued at $26,000. V Square Quantitative Management LLC acquired a new position in Trex in the fourth quarter valued at $25,000. Sunbelt Securities Inc. increased its stake in Trex by 1,744.4% in the first quarter. Sunbelt Securities Inc. now owns 332 shares of the construction company’s stock valued at $33,000 after purchasing an additional 314 shares during the period. Rise Advisors LLC increased its stake in Trex by 305.0% in the first quarter. Rise Advisors LLC now owns 405 shares of the construction company’s stock valued at $40,000 after purchasing an additional 305 shares during the period. Finally, Vestor Capital LLC acquired a new position in Trex in the fourth quarter valued at $47,000. 95.96% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of research analysts have commented on the stock. Bank of America dropped their price objective on shares of Trex from $97.00 to $85.00 and set a “buy” rating on the stock in a research note on Wednesday, August 7th. JPMorgan Chase & Co. lowered their target price on shares of Trex from $95.00 to $69.00 and set a “neutral” rating on the stock in a report on Monday, August 12th. BMO Capital Markets lowered their target price on shares of Trex from $88.00 to $82.00 and set a “market perform” rating on the stock in a report on Thursday, August 8th. The Goldman Sachs Group lowered their target price on shares of Trex from $114.00 to $93.00 and set a “buy” rating on the stock in a report on Wednesday, July 10th. Finally, DA Davidson lowered their target price on shares of Trex from $89.00 to $80.00 and set a “neutral” rating on the stock in a report on Wednesday, July 3rd. One equities research analyst has rated the stock with a sell rating, ten have issued a hold rating and six have assigned a buy rating to the company. According to MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $80.88.

Trex Price Performance

NYSE:TREX opened at $61.28 on Wednesday. Trex Company, Inc. has a 1-year low of $53.59 and a 1-year high of $101.91. The firm has a 50 day simple moving average of $71.94 and a 200-day simple moving average of $83.95. The firm has a market cap of $6.66 billion, a PE ratio of 26.30, a P/E/G ratio of 2.14 and a beta of 1.50.

Trex (NYSE:TREX) last issued its quarterly earnings results on Tuesday, August 6th. The construction company reported $0.80 EPS for the quarter, topping the consensus estimate of $0.78 by $0.02. Trex had a net margin of 21.07% and a return on equity of 33.53%. The firm had revenue of $376.47 million during the quarter, compared to analyst estimates of $387.87 million. During the same quarter in the prior year, the business posted $0.71 earnings per share. Trex’s revenue for the quarter was up 5.6% compared to the same quarter last year. As a group, sell-side analysts expect that Trex Company, Inc. will post 2.06 earnings per share for the current fiscal year.

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.