14,032 Shares in Trex Company, Inc. $TREX Purchased by Cynosure Group LLC

Cynosure Group LLC purchased a new position in Trex Company, Inc. (NYSE:TREX) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm purchased 14,032 shares of the construction company’s stock, valued at approximately $492,000.

Several other institutional investors also recently added to or reduced their stakes in TREX. V Square Quantitative Management LLC purchased a new position in Trex in the 4th quarter worth about $27,000. Clearstead Trust LLC purchased a new position in Trex in the 4th quarter worth about $33,000. Eurizon Capital SGR S.p.A. purchased a new position in Trex in the 4th quarter worth about $47,000. Empowered Funds LLC purchased a new position in Trex in the 4th quarter worth about $50,000. Finally, Rothschild Investment LLC purchased a new position in Trex in the 3rd quarter worth about $60,000. Hedge funds and other institutional investors own 95.96% of the company’s stock.

Analyst Ratings Changes

Several research firms recently commented on TREX. Zelman & Associates raised shares of Trex from a “neutral” rating to an “outperform” rating and set a $50.00 price target on the stock in a research note on Monday, May 18th. Wall Street Zen downgraded shares of Trex from a “hold” rating to a “sell” rating in a research note on Saturday, June 6th. UBS Group reiterated a “buy” rating and set a $59.00 target price (up from $58.00) on shares of Trex in a report on Friday, May 8th. Weiss Ratings raised shares of Trex from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Monday, May 11th. Finally, Barclays reissued an “underweight” rating and set a $36.00 target price (up from $35.00) on shares of Trex in a research report on Monday, May 11th. Eleven equities research analysts have rated the stock with a Buy rating, nine have given a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat.com, Trex has a consensus rating of “Hold” and an average price target of $46.42.

Trex Stock Performance

NYSE TREX opened at $46.93 on Wednesday. The company has a market capitalization of $4.88 billion, a price-to-earnings ratio of 26.22, a price-to-earnings-growth ratio of 9.40 and a beta of 1.51. The company’s 50-day simple moving average is $40.63 and its two-hundred day simple moving average is $39.38. Trex Company, Inc. has a one year low of $29.77 and a one year high of $68.78.

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