Cwm LLC Grows Stock Holdings in Trex Company, Inc. $TREX

Cwm LLC raised its stake in shares of Trex Company, Inc. (NYSE:TREX) by 2,573.1% in the third quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 30,500 shares of the construction company’s stock after buying an additional 29,359 shares during the quarter. Cwm LLC’s holdings in Trex were worth $1,576,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. Royal Bank of Canada raised its stake in Trex by 534.0% in the first quarter. Royal Bank of Canada now owns 668,280 shares of the construction company’s stock valued at $38,828,000 after purchasing an additional 562,877 shares in the last quarter. Amundi raised its position in Trex by 8.0% during the first quarter. Amundi now owns 279,864 shares of the construction company’s stock valued at $15,577,000 after purchasing an additional 20,752 shares in the last quarter. AQR Capital Management LLC lifted its stake in Trex by 3.2% during the first quarter. AQR Capital Management LLC now owns 5,642 shares of the construction company’s stock worth $320,000 after purchasing an additional 177 shares during the last quarter. Goldman Sachs Group Inc. boosted its holdings in shares of Trex by 91.3% in the 1st quarter. Goldman Sachs Group Inc. now owns 822,772 shares of the construction company’s stock worth $47,803,000 after purchasing an additional 392,715 shares in the last quarter. Finally, United Services Automobile Association bought a new position in shares of Trex during the 1st quarter valued at about $414,000. Institutional investors own 95.96% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts have commented on the stock. Jefferies Financial Group upgraded shares of Trex from a “hold” rating to a “buy” rating and increased their price target for the company from $39.00 to $42.00 in a research report on Monday, December 15th. Deutsche Bank Aktiengesellschaft lowered shares of Trex from a “buy” rating to a “hold” rating and set a $40.00 target price on the stock. in a report on Wednesday, November 5th. Barclays set a $32.00 target price on shares of Trex in a research report on Monday, December 8th. Citigroup reduced their price objective on Trex from $52.00 to $39.00 and set a “neutral” rating on the stock in a research note on Monday, December 15th. Finally, Truist Financial lowered their target price on Trex from $75.00 to $50.00 and set a “buy” rating for the company in a research note on Wednesday, November 5th. One analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating, eleven have issued a Hold rating and four have assigned a Sell rating to the stock. According to MarketBeat.com, Trex presently has a consensus rating of “Hold” and an average target price of $49.26.

Insider Activity at Trex

In other news, CFO Prithvi Gandhi purchased 15,000 shares of Trex stock in a transaction that occurred on Friday, November 14th. The stock was bought at an average price of $31.92 per share, with a total value of $478,800.00. Following the completion of the transaction, the chief financial officer directly owned 30,664 shares of the company’s stock, valued at approximately $978,794.88. The trade was a 95.76% increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.74% of the stock is currently owned by insiders.

Trex Stock Performance

Shares of NYSE:TREX opened at $35.87 on Monday. The firm has a market capitalization of $3.85 billion, a P/E ratio of 19.49 and a beta of 1.55. The stock has a 50 day moving average price of $36.05 and a 200-day moving average price of $50.59. Trex Company, Inc. has a 52-week low of $29.77 and a 52-week high of $75.55.

Trex (NYSE:TREX) last issued its quarterly earnings results on Tuesday, November 4th. The construction company reported $0.51 earnings per share for the quarter, missing the consensus estimate of $0.57 by ($0.06). Trex had a return on equity of 21.90% and a net margin of 16.76%.The firm had revenue of $285.35 million during the quarter, compared to analysts’ expectations of $301.74 million. During the same period in the previous year, the company earned $0.37 earnings per share. Trex’s revenue for the quarter was up 22.1% on a year-over-year basis. On average, equities analysts forecast that Trex Company, Inc. will post 2.04 EPS for the current fiscal year.

Trex Company Profile

Trex Company, Inc is a leading manufacturer of wood-alternative decking and railing systems designed for residential and commercial outdoor living environments. The company’s core offerings feature composite decking products made from a proprietary blend of recycled wood fibers and plastic film, which deliver enhanced durability, resistance to rot and insect damage, and low maintenance compared to traditional wood. Trex also provides matching railing, lighting, fencing and cladding solutions that allow customers to create cohesive, high-performance outdoor spaces.

Trex’s product portfolio is organized into multiple performance tiers, including premium, mid-range and value-oriented lines.