Swiss National Bank Has $14.14 Million Holdings in Trex Company, Inc. (NYSE:TREX)

Swiss National Bank cut its holdings in shares of Trex Company, Inc. (NYSE:TREX) by 0.7% in the third quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 212,300 shares of the construction company’s stock after selling 1,400 shares during the quarter. Swiss National Bank owned 0.20% of Trex worth $14,135,000 at the end of the most recent quarter.

A number of other institutional investors have also recently bought and sold shares of the business. Conestoga Capital Advisors LLC boosted its position in Trex by 3.2% during the 2nd quarter. Conestoga Capital Advisors LLC now owns 1,973,668 shares of the construction company’s stock worth $146,288,000 after acquiring an additional 60,405 shares during the period. American Century Companies Inc. boosted its position in Trex by 7.1% during the 2nd quarter. American Century Companies Inc. now owns 1,843,376 shares of the construction company’s stock worth $136,631,000 after acquiring an additional 122,658 shares during the period. Geneva Capital Management LLC boosted its position in Trex by 0.4% during the 3rd quarter. Geneva Capital Management LLC now owns 1,592,533 shares of the construction company’s stock worth $106,031,000 after acquiring an additional 6,616 shares during the period. Dimensional Fund Advisors LP lifted its holdings in shares of Trex by 8.2% during the 2nd quarter. Dimensional Fund Advisors LP now owns 1,224,351 shares of the construction company’s stock valued at $90,752,000 after buying an additional 92,563 shares during the last quarter. Finally, Blair William & Co. IL lifted its holdings in shares of Trex by 0.6% during the 2nd quarter. Blair William & Co. IL now owns 1,144,126 shares of the construction company’s stock valued at $84,803,000 after buying an additional 6,901 shares during the last quarter. 95.96% of the stock is currently owned by institutional investors and hedge funds.

Trex Stock Performance

Trex stock opened at $72.24 on Friday. The firm has a market cap of $7.74 billion, a P/E ratio of 32.99, a P/E/G ratio of 3.07 and a beta of 1.49. The business’s fifty day moving average is $67.81 and its two-hundred day moving average is $73.59. Trex Company, Inc. has a 52 week low of $58.68 and a 52 week high of $101.91.

Trex (NYSE:TREX) last posted its quarterly earnings data on Monday, October 28th. The construction company reported $0.37 EPS for the quarter, topping analysts’ consensus estimates of $0.32 by $0.05. The company had revenue of $233.72 million for the quarter, compared to analyst estimates of $225.42 million. Trex had a return on equity of 28.89% and a net margin of 20.23%. The business’s revenue was down 23.1% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.57 earnings per share. On average, equities research analysts predict that Trex Company, Inc. will post 2.05 earnings per share for the current year.

Wall Street Analysts Forecast Growth

TREX has been the subject of several research reports. Bank of America reduced their price target on Trex from $97.00 to $85.00 and set a “buy” rating for the company in a report on Wednesday, August 7th. JPMorgan Chase & Co. reduced their price target on Trex from $95.00 to $69.00 and set a “neutral” rating for the company in a report on Monday, August 12th. Barclays reduced their price target on Trex from $68.00 to $67.00 and set an “underweight” rating for the company in a report on Tuesday, October 29th. DA Davidson lifted their price target on Trex from $70.00 to $74.00 and gave the company a “neutral” rating in a report on Tuesday, October 29th. Finally, BMO Capital Markets boosted their target price on Trex from $67.00 to $72.00 and gave the stock a “market perform” rating in a report on Tuesday, October 29th. Two equities 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’s stock. According to data from MarketBeat, Trex has a consensus rating of “Hold” and a consensus target price of $79.94.

Trex 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.