Alchemi Wealth LLC Invests $538,000 in Trex Company, Inc. $TREX

Alchemi Wealth LLC purchased a new stake in Trex Company, Inc. (NYSE:TREX) in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund purchased 15,325 shares of the construction company’s stock, valued at approximately $538,000.

A number of other institutional investors have also added to or reduced their stakes in the company. HRT Financial LP raised its stake in shares of Trex by 2,468.0% in the fourth quarter. HRT Financial LP now owns 210,038 shares of the construction company’s stock worth $7,368,000 after purchasing an additional 201,859 shares during the last quarter. Brooklyn Investment Group grew its holdings in shares of Trex by 322.4% in the fourth quarter. Brooklyn Investment Group now owns 22,297 shares of the construction company’s stock valued at $792,000 after acquiring an additional 17,018 shares in the last quarter. Dimensional Fund Advisors LP grew its holdings in shares of Trex by 6.7% in the fourth quarter. Dimensional Fund Advisors LP now owns 1,786,701 shares of the construction company’s stock valued at $62,680,000 after acquiring an additional 112,413 shares in the last quarter. Federated Hermes Inc. grew its holdings in shares of Trex by 2.5% in the fourth quarter. Federated Hermes Inc. now owns 1,507,171 shares of the construction company’s stock valued at $52,872,000 after acquiring an additional 37,293 shares in the last quarter. Finally, Lansforsakringar Fondforvaltning AB publ grew its holdings in shares of Trex by 13.1% in the fourth quarter. Lansforsakringar Fondforvaltning AB publ now owns 319,484 shares of the construction company’s stock valued at $11,207,000 after acquiring an additional 37,000 shares in the last quarter. 95.96% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities analysts have weighed in on TREX shares. Wall Street Zen lowered Trex from a “hold” rating to a “sell” rating in a report on Saturday, June 6th. Bank of America cut their price target on Trex from $43.00 to $42.00 and set an “underperform” rating for the company in a report on Monday, April 20th. Zelman & Associates raised Trex from a “neutral” rating to an “outperform” rating and set a $50.00 price target for the company in a report on Monday, May 18th. Weiss Ratings raised Trex from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Monday, May 11th. Finally, Citigroup reissued a “neutral” rating and set a $43.00 price objective (down from $46.00) on shares of Trex in a research note on Monday, May 11th. Eleven investment analysts have rated the stock with a Buy rating, nine have issued a Hold rating and two have issued a Sell rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $46.42.

Trex Trading Down 1.6%

Shares of TREX opened at $45.62 on Friday. The firm has a market cap of $4.74 billion, a PE ratio of 25.49, a P/E/G ratio of 9.39 and a beta of 1.51. The firm has a fifty day simple moving average of $40.18 and a two-hundred day simple moving average of $39.16. Trex Company, Inc. has a 1-year low of $29.77 and a 1-year high of $68.78.

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

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.