Trex Company, Inc. (NYSE:TREX) Shares Sold by First Citizens Bank & Trust Co.

First Citizens Bank & Trust Co. trimmed its holdings in Trex Company, Inc. (NYSE:TREX) by 5.4% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 6,673 shares of the construction company’s stock after selling 382 shares during the period. First Citizens Bank & Trust Co.’s holdings in Trex were worth $444,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also recently added to or reduced their stakes in the business. Blue Trust Inc. grew its stake in Trex by 134.6% in the 3rd quarter. Blue Trust Inc. now owns 1,769 shares of the construction company’s stock valued at $118,000 after acquiring an additional 1,015 shares during the last quarter. Sumitomo Life Insurance Co. grew its stake in Trex by 2.1% in the 3rd quarter. Sumitomo Life Insurance Co. now owns 23,847 shares of the construction company’s stock valued at $1,588,000 after acquiring an additional 500 shares during the last quarter. NBC Securities Inc. grew its stake in Trex by 15.1% in the 3rd quarter. NBC Securities Inc. now owns 4,407 shares of the construction company’s stock valued at $293,000 after acquiring an additional 577 shares during the last quarter. Sapient Capital LLC acquired a new stake in Trex in the 3rd quarter valued at about $501,000. Finally, Inspire Investing LLC boosted its stake in shares of Trex by 30.4% during 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 last quarter. 95.96% of the stock is owned by institutional investors and hedge funds.

Trex Stock Performance

NYSE TREX opened at $64.62 on Monday. Trex Company, Inc. has a one year low of $53.59 and a one year high of $101.91. The company’s 50 day moving average price is $64.99 and its 200 day moving average price is $77.03. The firm has a market capitalization of $7.02 billion, a price-to-earnings ratio of 26.70, a PEG ratio of 2.19 and a beta of 1.50.

Trex (NYSE:TREX) last posted its quarterly earnings results 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 net margin of 21.07% and a return on equity of 33.53%. The firm had revenue of $376.47 million for the quarter, compared to analyst estimates of $387.87 million. During the same quarter last year, the firm posted $0.71 earnings per share. Trex’s revenue for the quarter was up 5.6% compared to the same quarter last year. Sell-side analysts forecast that Trex Company, Inc. will post 2.04 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several equities research analysts have issued reports on the stock. Stephens cut shares of Trex from an “overweight” rating to an “equal weight” rating and decreased their price target for the stock from $115.00 to $72.00 in a research note on Wednesday, August 7th. StockNews.com raised shares of Trex from a “sell” rating to a “hold” rating in a research note on Thursday, September 19th. The Goldman Sachs Group decreased their price target on shares of Trex from $114.00 to $93.00 and set a “buy” rating on the stock in a research note on Wednesday, July 10th. DA Davidson decreased 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, Barclays decreased their price target on shares of Trex from $94.00 to $81.00 and set an “underweight” rating on the stock in a research note on Friday, July 12th. One investment analyst has rated the stock with a sell rating, eleven have given a hold rating and six have issued a buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $81.31.

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.