Bank Julius Baer & Co. Ltd Zurich Has $2.56 Million Stock Position in Trex Company, Inc. (NYSE:TREX)

Bank Julius Baer & Co. Ltd Zurich raised its holdings in Trex Company, Inc. (NYSE:TREX) by 14.8% in the 4th quarter, according to the company in its most recent filing with the SEC. The firm owned 30,900 shares of the construction company’s stock after acquiring an additional 3,973 shares during the quarter. Bank Julius Baer & Co. Ltd Zurich’s holdings in Trex were worth $2,558,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of TREX. AE Wealth Management LLC bought a new stake in shares of Trex in the 3rd quarter valued at $565,000. SG Americas Securities LLC boosted its stake in shares of Trex by 13.1% in the 3rd quarter. SG Americas Securities LLC now owns 31,416 shares of the construction company’s stock valued at $1,936,000 after purchasing an additional 3,636 shares during the last quarter. Handelsbanken Fonder AB boosted its stake in shares of Trex by 1.0% in the 3rd quarter. Handelsbanken Fonder AB now owns 574,232 shares of the construction company’s stock valued at $35,390,000 after purchasing an additional 5,900 shares during the last quarter. Sumitomo Life Insurance Co. boosted its stake in shares of Trex by 44.3% in the 3rd quarter. Sumitomo Life Insurance Co. now owns 23,437 shares of the construction company’s stock valued at $1,444,000 after purchasing an additional 7,190 shares during the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in shares of Trex by 15.5% in the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 23,494 shares of the construction company’s stock valued at $1,448,000 after purchasing an additional 3,149 shares during the last quarter. 95.96% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several research analysts recently issued reports on TREX shares. Barclays increased their target price on shares of Trex from $86.00 to $93.00 and gave the stock an “underweight” rating in a research note on Thursday, April 4th. Robert W. Baird increased their target price on shares of Trex from $105.00 to $110.00 and gave the stock a “neutral” rating in a research note on Monday, April 8th. The Goldman Sachs Group increased their target price on shares of Trex from $89.00 to $108.00 and gave the stock a “buy” rating in a research note on Wednesday, February 28th. Stifel Nicolaus increased their target price on shares of Trex from $90.00 to $107.00 and gave the stock a “buy” rating in a research note on Tuesday, February 27th. Finally, JPMorgan Chase & Co. increased their target price on shares of Trex from $79.00 to $93.00 and gave the stock a “neutral” rating in a research note on Friday, March 1st. Two equities research analysts have rated the stock with a sell rating, nine have assigned a hold rating and eight have issued a buy rating to the stock. According to data from MarketBeat, Trex presently has a consensus rating of “Hold” and an average price target of $88.72.

Trex Price Performance

Shares of TREX stock opened at $90.57 on Friday. The firm has a 50-day moving average of $94.04 and a 200-day moving average of $80.57. The company has a market cap of $9.84 billion, a P/E ratio of 47.92, a P/E/G ratio of 2.00 and a beta of 1.60. Trex Company, Inc. has a one year low of $51.03 and a one year high of $101.91.

Trex (NYSE:TREX) last announced its earnings results on Monday, February 26th. The construction company reported $0.20 EPS for the quarter, beating the consensus estimate of $0.19 by $0.01. The company had revenue of $195.75 million during the quarter, compared to the consensus estimate of $193.40 million. Trex had a net margin of 18.76% and a return on equity of 31.26%. The firm’s revenue for the quarter was up 1.9% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.23 earnings per share. As a group, research analysts expect that Trex Company, Inc. will post 2.22 earnings per share for the current fiscal year.

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.