NBC Securities Inc. Purchases 577 Shares of Trex Company, Inc. (NYSE:TREX)

NBC Securities Inc. increased its position in Trex Company, Inc. (NYSE:TREX) by 15.1% in the 3rd quarter, HoldingsChannel reports. The institutional investor owned 4,407 shares of the construction company’s stock after buying an additional 577 shares during the quarter. NBC Securities Inc.’s holdings in Trex were worth $293,000 at the end of the most recent reporting period.

A number of other institutional investors have also bought and sold shares of the business. Sapient Capital LLC bought a new position in shares of Trex in the third quarter worth about $501,000. Inspire Investing LLC boosted its stake in Trex by 30.4% in the 3rd quarter. Inspire Investing LLC now owns 6,193 shares of the construction company’s stock worth $412,000 after purchasing an additional 1,445 shares during the period. Bennett Selby Investments LP grew its holdings in Trex by 3.2% during the 3rd quarter. Bennett Selby Investments LP now owns 51,950 shares of the construction company’s stock valued at $3,459,000 after buying an additional 1,604 shares in the last quarter. Capital Insight Partners LLC raised its position in shares of Trex by 7.1% during the third quarter. Capital Insight Partners LLC now owns 40,167 shares of the construction company’s stock valued at $2,674,000 after buying an additional 2,653 shares during the last quarter. Finally, UMB Bank n.a. lifted its holdings in shares of Trex by 150.8% in the third quarter. UMB Bank n.a. now owns 652 shares of the construction company’s stock worth $43,000 after buying an additional 392 shares in the last quarter. Hedge funds and other institutional investors own 95.96% of the company’s stock.

Analyst Upgrades and Downgrades

TREX has been the subject of several research analyst reports. Jefferies Financial Group cut their target price on shares of Trex from $77.00 to $73.00 and set a “hold” rating for the company in a research note on Wednesday, October 9th. Loop Capital cut Trex from a “buy” rating to a “hold” rating and reduced their target price for the stock from $95.00 to $75.00 in a report on Wednesday, August 7th. Stephens downgraded Trex from an “overweight” rating to an “equal weight” rating and decreased their target price for the stock from $115.00 to $72.00 in a research report on Wednesday, August 7th. BMO Capital Markets cut their price target on Trex from $88.00 to $82.00 and set a “market perform” rating for the company in a report on Thursday, August 8th. Finally, Stifel Nicolaus decreased their price objective on Trex from $110.00 to $85.00 and set a “buy” rating on the stock in a report on Wednesday, August 7th. One equities research analyst has rated the stock with a sell rating, eleven have assigned a hold rating and six have issued a buy rating to the company’s stock. Based on data from MarketBeat, Trex currently has an average rating of “Hold” and an average target price of $81.31.

Trex Price Performance

Shares of NYSE:TREX opened at $64.61 on Friday. The firm has a market capitalization of $7.02 billion, a PE ratio of 26.70, a price-to-earnings-growth ratio of 2.21 and a beta of 1.50. The business has a 50 day simple moving average of $64.99 and a two-hundred day simple moving average of $77.28. Trex Company, Inc. has a 1 year low of $53.59 and a 1 year high of $101.91.

Trex (NYSE:TREX) last announced its quarterly earnings data on Tuesday, August 6th. The construction company reported $0.80 EPS for the quarter, beating the consensus estimate of $0.78 by $0.02. Trex had a return on equity of 33.53% and a net margin of 21.07%. The company had revenue of $376.47 million for the quarter, compared to the consensus estimate of $387.87 million. During the same quarter in the prior year, the company posted $0.71 EPS. Trex’s quarterly revenue was up 5.6% on a year-over-year basis. Equities research analysts expect that Trex Company, Inc. will post 2.04 EPS for the current fiscal year.

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.