Trex Company, Inc. (NYSE:TREX) Shares Bought by Scientech Research LLC

Scientech Research LLC raised its position in Trex Company, Inc. (NYSE:TREX) by 302.0% during the 2nd quarter, according to its most recent filing with the SEC. The firm owned 13,581 shares of the construction company’s stock after buying an additional 10,203 shares during the quarter. Scientech Research LLC’s holdings in Trex were worth $1,007,000 as of its most recent filing with the SEC.

Other institutional investors also recently bought and sold shares of the company. V Square Quantitative Management LLC acquired a new position in Trex in the 4th quarter valued at $25,000. Mather Group LLC. acquired a new position in shares of Trex during the 1st quarter worth $26,000. Hantz Financial Services Inc. acquired a new position in shares of Trex during the 2nd quarter worth $31,000. Sunbelt Securities Inc. grew its stake in shares of Trex by 1,744.4% during the 1st quarter. Sunbelt Securities Inc. now owns 332 shares of the construction company’s stock worth $33,000 after purchasing an additional 314 shares during the period. Finally, Rise Advisors LLC grew its stake in shares of Trex by 305.0% during the 1st quarter. Rise Advisors LLC now owns 405 shares of the construction company’s stock worth $40,000 after purchasing an additional 305 shares during the period. 95.96% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of research firms have recently weighed in on TREX. B. Riley lowered their price target on shares of Trex from $107.00 to $97.00 and set a “buy” rating on the stock in a research note on Wednesday, August 7th. Loop Capital cut shares of Trex from a “buy” rating to a “hold” rating and lowered their price target for the stock from $95.00 to $75.00 in a research note on Wednesday, August 7th. BMO Capital Markets lowered their price target on shares of Trex from $88.00 to $82.00 and set a “market perform” rating on the stock in a research note on Thursday, August 8th. DA Davidson lowered their price target on shares of Trex from $89.00 to $80.00 and set a “neutral” rating on the stock in a research note on Wednesday, July 3rd. Finally, Benchmark lowered their price target on shares of Trex from $105.00 to $80.00 and set a “buy” rating on the stock in a research note on Thursday, August 8th. One research analyst has rated the stock with a sell rating, ten have issued a hold rating and six have given a buy rating to the company. According to MarketBeat.com, Trex has an average rating of “Hold” and a consensus target price of $80.88.

Trex Trading Up 1.3 %

NYSE:TREX opened at $67.90 on Friday. The firm has a market cap of $7.38 billion, a price-to-earnings ratio of 29.14, a price-to-earnings-growth ratio of 2.37 and a beta of 1.50. The company’s 50-day moving average is $68.18 and its two-hundred day moving average is $80.64. Trex Company, Inc. has a 12-month low of $53.59 and a 12-month high of $101.91.

Trex (NYSE:TREX) last released its earnings results on Tuesday, August 6th. The construction company reported $0.80 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.78 by $0.02. The company had revenue of $376.47 million for the quarter, compared to analyst estimates of $387.87 million. Trex had a net margin of 21.07% and a return on equity of 33.53%. The firm’s quarterly revenue was up 5.6% on a year-over-year basis. During the same period in the prior year, the firm earned $0.71 EPS. On average, equities research analysts forecast that Trex Company, Inc. will post 2.03 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.