J.W. Cole Advisors Inc. Has $351,000 Stake in Trex Company, Inc. (NYSE:TREX)

J.W. Cole Advisors Inc. grew its position in Trex Company, Inc. (NYSE:TREX) by 69.4% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 5,274 shares of the construction company’s stock after acquiring an additional 2,161 shares during the period. J.W. Cole Advisors Inc.’s holdings in Trex were worth $351,000 at the end of the most recent reporting period.

Other large investors have also bought and sold shares of the company. Vanguard Group Inc. grew its holdings in Trex by 0.6% during the 1st quarter. Vanguard Group Inc. now owns 10,314,078 shares of the construction company’s stock worth $1,028,829,000 after acquiring an additional 65,428 shares during the last quarter. Conestoga Capital Advisors LLC grew its stake in shares of Trex by 3.2% during the second quarter. Conestoga Capital Advisors LLC now owns 1,973,668 shares of the construction company’s stock valued at $146,288,000 after purchasing an additional 60,405 shares during the last quarter. American Century Companies Inc. increased its holdings in shares of Trex by 7.1% in the second quarter. American Century Companies Inc. now owns 1,843,376 shares of the construction company’s stock valued at $136,631,000 after purchasing an additional 122,658 shares in the last quarter. Dimensional Fund Advisors LP increased its holdings in shares of Trex by 8.2% in the second quarter. Dimensional Fund Advisors LP now owns 1,224,351 shares of the construction company’s stock valued at $90,752,000 after purchasing an additional 92,563 shares in the last quarter. Finally, Blair William & Co. IL raised its position in Trex by 0.6% in the 2nd quarter. Blair William & Co. IL now owns 1,144,126 shares of the construction company’s stock worth $84,803,000 after purchasing an additional 6,901 shares during the last quarter. 95.96% of the stock is currently owned by institutional investors.

Trex Stock Up 0.4 %

Trex stock opened at $70.85 on Friday. The company has a 50 day moving average of $65.46 and a 200-day moving average of $75.54. Trex Company, Inc. has a twelve month low of $55.67 and a twelve month high of $101.91. The stock has a market capitalization of $7.70 billion, a PE ratio of 32.35, a price-to-earnings-growth ratio of 2.45 and a beta of 1.50.

Trex (NYSE:TREX) last released its earnings results on Monday, October 28th. The construction company reported $0.37 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.32 by $0.05. The firm had revenue of $233.72 million during the quarter, compared to analysts’ expectations of $225.42 million. Trex had a return on equity of 33.53% and a net margin of 21.07%. The company’s revenue was down 23.1% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.57 EPS. Equities analysts anticipate that Trex Company, Inc. will post 2.04 EPS for the current fiscal year.

Analysts Set New Price Targets

Several equities research analysts have recently commented on the company. Robert W. Baird lifted their target price on Trex from $70.00 to $78.00 and gave the company a “neutral” rating in a research note on Tuesday. Stifel Nicolaus dropped their price objective on Trex from $110.00 to $85.00 and set a “buy” rating for the company in a report on Wednesday, August 7th. UBS Group reduced their target price on shares of Trex from $104.00 to $79.00 and set a “neutral” rating on the stock in a research note on Wednesday, August 7th. Truist Financial lowered 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, Loop Capital lowered shares of Trex from a “buy” rating to a “hold” rating and cut their price objective for the company from $95.00 to $75.00 in a report on Wednesday, August 7th. Two research analysts have rated the stock with a sell rating, ten have assigned a hold rating and six have assigned a buy rating to the company. According to data from MarketBeat.com, the stock presently has an average 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.