AXQ Capital LP Takes Position in Trex Company, Inc. $TREX

AXQ Capital LP acquired a new stake in Trex Company, Inc. (NYSE:TREX) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 26,272 shares of the construction company’s stock, valued at approximately $922,000.

Other institutional investors have also modified their holdings of the company. AQR Capital Management LLC grew its stake in Trex by 3.2% during the 1st 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 in the last quarter. Benjamin Edwards Inc. grew its stake in Trex by 1.9% during the 2nd quarter. Benjamin Edwards Inc. now owns 11,240 shares of the construction company’s stock worth $611,000 after purchasing an additional 214 shares in the last quarter. Pinnacle Associates Ltd. grew its stake in Trex by 0.7% during the 4th quarter. Pinnacle Associates Ltd. now owns 40,285 shares of the construction company’s stock worth $1,413,000 after purchasing an additional 285 shares in the last quarter. Hsbc Holdings PLC grew its stake in Trex by 6.3% during the 2nd quarter. Hsbc Holdings PLC now owns 5,403 shares of the construction company’s stock worth $294,000 after purchasing an additional 322 shares in the last quarter. Finally, CIBC Private Wealth Group LLC lifted its holdings in Trex by 0.7% during the 3rd quarter. CIBC Private Wealth Group LLC now owns 45,646 shares of the construction company’s stock worth $2,359,000 after buying an additional 333 shares during the last quarter. 95.96% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of analysts have issued reports on the company. Weiss Ratings raised Trex from a “sell (d+)” rating to a “hold (c-)” rating in a report on Monday, May 11th. Barclays reaffirmed an “underweight” rating and set a $36.00 price target (up from $35.00) on shares of Trex in a report on Monday, May 11th. Zelman & Associates raised Trex from a “neutral” rating to an “outperform” rating and set a $50.00 target price for the company in a report on Monday, May 18th. Zacks Research raised Trex from a “strong sell” rating to a “hold” rating in a report on Tuesday, February 3rd. Finally, UBS Group reissued a “buy” rating and issued a $59.00 target price (up from $58.00) on shares of Trex in a report on Friday, May 8th. Eleven research analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat, the company has an average rating of “Hold” and an average target price of $46.42.

Trex Trading Up 0.1%

NYSE TREX opened at $41.60 on Wednesday. The business’s 50 day moving average is $39.06 and its two-hundred day moving average is $38.51. Trex Company, Inc. has a 12-month low of $29.77 and a 12-month high of $68.78. The stock has a market capitalization of $4.32 billion, a price-to-earnings ratio of 23.24, a PEG ratio of 8.42 and a beta of 1.51.

Trex (NYSE:TREX) last released its earnings results on Thursday, May 7th. The construction company reported $0.59 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.51 by $0.08. The company had revenue of $343.40 million for the quarter, compared to analysts’ expectations of $339.99 million. Trex had a return on equity of 19.66% and a net margin of 16.25%.The firm’s quarterly revenue was up 1.0% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.60 EPS. Equities analysts forecast that Trex Company, Inc. will post 1.68 earnings per share for the current fiscal year.

Trex 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.