Pathstone Holdings LLC Sells 5,375 Shares of Trex Company, Inc. (NYSE:TREX)

Pathstone Holdings LLC decreased its position in Trex Company, Inc. (NYSE:TREX) by 11.3% in the 3rd quarter, HoldingsChannel reports. The fund owned 42,124 shares of the construction company’s stock after selling 5,375 shares during the period. Pathstone Holdings LLC’s holdings in Trex were worth $2,805,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors also recently modified their holdings of the company. Hantz Financial Services Inc. acquired a new position in shares of Trex in the second quarter valued at $31,000. Ashton Thomas Private Wealth LLC acquired a new position in shares of Trex in the 2nd quarter valued at $44,000. Quarry LP lifted its holdings in shares of Trex by 576.4% during the 2nd quarter. Quarry LP now owns 602 shares of the construction company’s stock worth $45,000 after acquiring an additional 513 shares during the period. Mather Group LLC. boosted its position in shares of Trex by 142.3% during the 2nd quarter. Mather Group LLC. now owns 630 shares of the construction company’s stock valued at $47,000 after acquiring an additional 370 shares in the last quarter. Finally, UMB Bank n.a. increased its stake in Trex by 150.8% in the third quarter. UMB Bank n.a. now owns 652 shares of the construction company’s stock valued at $43,000 after acquiring an additional 392 shares during the period. Institutional investors and hedge funds own 95.96% of the company’s stock.

Trex Price Performance

TREX stock opened at $77.10 on Tuesday. The stock has a market capitalization of $8.26 billion, a PE ratio of 35.21, a price-to-earnings-growth ratio of 3.29 and a beta of 1.49. The company has a 50 day moving average price of $67.94 and a 200 day moving average price of $73.18. Trex Company, Inc. has a fifty-two week low of $58.68 and a fifty-two week high of $101.91.

Trex (NYSE:TREX) last issued its quarterly earnings results on Monday, October 28th. The construction company reported $0.37 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.32 by $0.05. The business 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 firm’s revenue for the quarter was down 23.1% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.57 earnings per share. As a group, equities analysts expect that Trex Company, Inc. will post 2.05 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

TREX has been the subject of a number of analyst reports. Bank of America cut their price target on shares of Trex from $97.00 to $85.00 and set a “buy” rating for the company in a research note on Wednesday, August 7th. B. Riley lowered their price target on Trex from $107.00 to $97.00 and set a “buy” rating on the stock in a research report on Wednesday, August 7th. JPMorgan Chase & Co. cut their price objective on Trex from $95.00 to $69.00 and set a “neutral” rating for the company in a report on Monday, August 12th. DA Davidson upped their target price on shares of Trex from $70.00 to $74.00 and gave the stock a “neutral” rating in a report on Tuesday, October 29th. Finally, Jefferies Financial Group cut their price target on shares of Trex from $77.00 to $73.00 and set a “hold” rating for the company in a report on Wednesday, October 9th. Two equities research analysts have rated the stock with a sell rating, ten have assigned a hold rating and six have given a buy rating to the stock. According to 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.