Trex Company, Inc. (NYSE:TREX) Shares Bought by Values First Advisors Inc.

Values First Advisors Inc. grew its position in shares of Trex Company, Inc. (NYSE:TREX) by 12.3% in the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 7,522 shares of the construction company’s stock after acquiring an additional 822 shares during the quarter. Values First Advisors Inc.’s holdings in Trex were worth $501,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently modified their holdings of TREX. Vanguard Group Inc. lifted its holdings in Trex by 0.6% in the first quarter. Vanguard Group Inc. now owns 10,314,078 shares of the construction company’s stock worth $1,028,829,000 after purchasing an additional 65,428 shares during the period. Conestoga Capital Advisors LLC lifted its holdings in Trex by 3.2% in the second quarter. Conestoga Capital Advisors LLC now owns 1,973,668 shares of the construction company’s stock worth $146,288,000 after purchasing an additional 60,405 shares during the period. American Century Companies Inc. lifted its holdings in Trex by 7.1% in the second quarter. American Century Companies Inc. now owns 1,843,376 shares of the construction company’s stock worth $136,631,000 after purchasing an additional 122,658 shares during the period. Dimensional Fund Advisors LP lifted its holdings in Trex by 8.2% in the second quarter. Dimensional Fund Advisors LP now owns 1,224,351 shares of the construction company’s stock worth $90,752,000 after purchasing an additional 92,563 shares during the period. Finally, Blair William & Co. IL lifted its holdings in Trex by 0.6% in the second quarter. Blair William & Co. IL now owns 1,144,126 shares of the construction company’s stock worth $84,803,000 after purchasing an additional 6,901 shares during the period. Institutional investors and hedge funds own 95.96% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on TREX shares. Stifel Nicolaus reduced their price objective on shares of Trex from $110.00 to $85.00 and set a “buy” rating for the company in a report on Wednesday, August 7th. Robert W. Baird reduced their price objective on shares of Trex from $88.00 to $70.00 and set a “neutral” rating for the company in a report on Wednesday, August 7th. JPMorgan Chase & Co. reduced their price objective on shares of Trex from $95.00 to $69.00 and set a “neutral” rating for the company in a report on Monday, August 12th. Benchmark reduced their price objective on shares of Trex from $105.00 to $80.00 and set a “buy” rating for the company in a report on Thursday, August 8th. Finally, Jefferies Financial Group dropped their price target on shares of Trex from $77.00 to $73.00 and set a “hold” rating on the stock in a research report on Wednesday, October 9th. One research analyst has rated the stock with a sell rating, eleven have assigned a hold rating and six have assigned a buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $80.38.

Trex Price Performance

Shares of TREX opened at $64.16 on Friday. The company has a market capitalization of $6.97 billion, a price-to-earnings ratio of 26.51, a P/E/G ratio of 2.39 and a beta of 1.50. Trex Company, Inc. has a fifty-two week low of $54.09 and a fifty-two week high of $101.91. The business’s 50-day moving average is $65.16 and its 200-day moving average is $76.39.

Trex (NYSE:TREX) last issued its earnings results on Tuesday, August 6th. The construction company reported $0.80 earnings per share for the quarter, beating analysts’ consensus estimates of $0.78 by $0.02. The company had revenue of $376.47 million for the quarter, compared to the consensus estimate of $387.87 million. Trex had a return on equity of 33.53% and a net margin of 21.07%. The firm’s quarterly revenue was up 5.6% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.71 EPS. Equities research analysts expect that Trex Company, Inc. will post 2.04 earnings per share for the current fiscal year.

Trex Company Profile

Trex Company, Inc manufactures and distributes composite decking, railing, and outdoor living products and accessories for residential and commercial markets in the United States. It offers decking products and accessories under the names Trex Transcend, Trex Select, Trex Signature, Trex Transcend Lineage, and Trex Enhance for protection against fading, staining, mold, and scratching; Trex Hideaway, a hidden fastening system; and Trex DeckLighting, a LED dimmable deck lighting for use on posts, floors, and steps.