Lisanti Capital Growth LLC Makes New Investment in Trex Company, Inc. $TREX

Lisanti Capital Growth LLC purchased a new stake in shares of Trex Company, Inc. (NYSE:TREX) during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm purchased 69,944 shares of the construction company’s stock, valued at approximately $3,614,000.

A number of other large investors have also recently bought and sold shares of the business. Steigerwald Gordon & Koch Inc. acquired a new position in Trex during the third quarter worth $31,000. Caitong International Asset Management Co. Ltd acquired a new position in shares of Trex during the 2nd quarter valued at about $60,000. CWM LLC raised its stake in shares of Trex by 16.8% in the 2nd quarter. CWM LLC now owns 1,141 shares of the construction company’s stock valued at $62,000 after acquiring an additional 164 shares in the last quarter. Hantz Financial Services Inc. raised its stake in shares of Trex by 10,133.3% in the 2nd quarter. Hantz Financial Services Inc. now owns 1,228 shares of the construction company’s stock valued at $67,000 after acquiring an additional 1,216 shares in the last quarter. Finally, Blue Trust Inc. lifted its holdings in Trex by 21.0% in the 2nd quarter. Blue Trust Inc. now owns 1,377 shares of the construction company’s stock worth $75,000 after purchasing an additional 239 shares during the last quarter. 95.96% of the stock is currently owned by institutional investors.

Trex Trading Down 0.8%

Shares of NYSE:TREX opened at $41.43 on Friday. The business’s 50 day moving average is $37.57 and its 200-day moving average is $48.44. The firm has a market capitalization of $4.44 billion, a PE ratio of 22.52 and a beta of 1.55. Trex Company, Inc. has a 1-year low of $29.77 and a 1-year high of $74.68.

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

Analysts Set New Price Targets

A number of equities analysts have recently commented on TREX shares. UBS Group set a $52.00 price target on shares of Trex and gave the company a “buy” rating in a research report on Tuesday, January 6th. Citigroup cut their target price on shares of Trex from $52.00 to $39.00 and set a “neutral” rating for the company in a research report on Monday, December 15th. Weiss Ratings restated a “sell (d+)” rating on shares of Trex in a report on Monday, December 29th. Bank of America reiterated an “underperform” rating and issued a $36.00 price objective (down from $67.00) on shares of Trex in a research note on Wednesday, November 5th. Finally, Zelman & Associates cut Trex from an “outperform” rating to a “neutral” rating in a research report on Wednesday, November 5th. Ten investment analysts have rated the stock with a Buy rating, nine have given a Hold rating and four have issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $47.25.

Insider Buying and Selling at Trex

In other Trex news, CFO Prithvi Gandhi bought 15,000 shares of the firm’s stock in a transaction dated Friday, November 14th. The shares were acquired at an average cost of $31.92 per share, for a total transaction of $478,800.00. Following the transaction, the chief financial officer owned 30,664 shares in the company, 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 legal filing with the SEC, which is available through the SEC website. Company insiders own 0.71% of the company’s stock.

About Trex

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.