CreativeOne Wealth LLC Increases Stock Position in Trex Company, Inc. (NYSE:TREX)

CreativeOne Wealth LLC lifted its holdings in shares of Trex Company, Inc. (NYSE:TREX) by 32.0% during the first quarter, HoldingsChannel.com reports. The institutional investor owned 4,502 shares of the construction company’s stock after acquiring an additional 1,092 shares during the quarter. CreativeOne Wealth LLC’s holdings in Trex were worth $449,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors also recently modified their holdings of TREX. Mather Group LLC. bought a new stake in Trex during the 1st quarter worth approximately $26,000. V Square Quantitative Management LLC bought a new stake in Trex during the 4th quarter worth approximately $25,000. Sunbelt Securities Inc. increased its holdings in Trex by 1,744.4% during the 1st quarter. Sunbelt Securities Inc. now owns 332 shares of the construction company’s stock worth $33,000 after acquiring an additional 314 shares during the period. Rise Advisors LLC increased its holdings in Trex by 305.0% during the 1st quarter. Rise Advisors LLC now owns 405 shares of the construction company’s stock worth $40,000 after acquiring an additional 305 shares during the period. Finally, Vestor Capital LLC bought a new stake in Trex during the 4th quarter worth approximately $47,000. 95.96% of the stock is currently owned by hedge funds and other institutional investors.

Trex Stock Performance

Shares of TREX stock traded up $4.02 during trading hours on Friday, reaching $82.50. The company had a trading volume of 1,012,631 shares, compared to its average volume of 1,043,100. The business has a fifty day moving average price of $80.87 and a 200-day moving average price of $87.14. Trex Company, Inc. has a one year low of $53.59 and a one year high of $101.91. The firm has a market cap of $8.97 billion, a PE ratio of 35.41, a price-to-earnings-growth ratio of 1.88 and a beta of 1.50.

Trex (NYSE:TREX) last announced its quarterly earnings results on Thursday, May 9th. The construction company reported $0.82 EPS for the quarter, topping analysts’ consensus estimates of $0.72 by $0.10. Trex had a net margin of 20.60% and a return on equity of 35.33%. The firm had revenue of $373.64 million during the quarter, compared to analyst estimates of $367.31 million. During the same period in the previous year, the business posted $0.38 earnings per share. The business’s revenue for the quarter was up 56.5% on a year-over-year basis. Equities research analysts forecast that Trex Company, Inc. will post 2.26 EPS for the current year.

Analysts Set New Price Targets

TREX has been the topic of a number of research analyst reports. Robert W. Baird decreased their price target on shares of Trex from $110.00 to $105.00 and set a “neutral” rating on the stock in a report on Friday, May 10th. 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 report on Friday, July 12th. DA Davidson reduced their target price on shares of Trex from $89.00 to $80.00 and set a “neutral” rating on the stock in a report on Wednesday, July 3rd. Benchmark reaffirmed a “buy” rating and set a $105.00 target price on shares of Trex in a report on Tuesday, May 14th. Finally, Citigroup reduced their target price on shares of Trex from $94.00 to $80.00 and set a “neutral” rating on the stock in a report on Thursday, July 11th. Two research analysts have rated the stock with a sell rating, eight have issued a hold rating and eight have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $88.76.

Insider Transactions at Trex

In other news, SVP Jacob T. Rudolph sold 16,440 shares of Trex stock in a transaction that occurred on Wednesday, May 15th. The shares were sold at an average price of $90.90, for a total value of $1,494,396.00. Following the completion of the sale, the senior vice president now directly owns 25,746 shares in the company, valued at $2,340,311.40. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 0.71% of the company’s stock.

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.