Amundi Pioneer Asset Management Inc. purchased a new stake in Trex Company Inc (NYSE:TREX) in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm purchased 223,992 shares of the construction company’s stock, valued at approximately $13,296,000. Amundi Pioneer Asset Management Inc. owned 0.38% of Trex as of its most recent SEC filing.

Several other large investors also recently added to or reduced their stakes in TREX. Creative Planning lifted its stake in Trex by 10.2% in the 4th quarter. Creative Planning now owns 21,412 shares of the construction company’s stock worth $1,271,000 after acquiring an additional 1,983 shares in the last quarter. Emerald Mutual Fund Advisers Trust lifted its stake in Trex by 10.9% in the 4th quarter. Emerald Mutual Fund Advisers Trust now owns 642,985 shares of the construction company’s stock worth $38,168,000 after acquiring an additional 63,314 shares in the last quarter. Legal & General Group Plc lifted its stake in Trex by 7.6% in the 3rd quarter. Legal & General Group Plc now owns 137,819 shares of the construction company’s stock worth $10,691,000 after acquiring an additional 9,738 shares in the last quarter. Nordea Investment Management AB lifted its stake in Trex by 2.9% in the 3rd quarter. Nordea Investment Management AB now owns 58,259 shares of the construction company’s stock worth $4,485,000 after acquiring an additional 1,640 shares in the last quarter. Finally, Conestoga Capital Advisors LLC lifted its stake in Trex by 3.6% in the 4th quarter. Conestoga Capital Advisors LLC now owns 1,160,442 shares of the construction company’s stock worth $68,884,000 after acquiring an additional 40,855 shares in the last quarter. Institutional investors and hedge funds own 94.24% of the company’s stock.

TREX opened at $63.22 on Friday. Trex Company Inc has a fifty-two week low of $50.88 and a fifty-two week high of $90.74. The stock has a market cap of $3.68 billion, a PE ratio of 26.90, a PEG ratio of 3.08 and a beta of 2.00.

Trex (NYSE:TREX) last posted its quarterly earnings results on Thursday, February 14th. The construction company reported $0.43 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.36 by $0.07. Trex had a return on equity of 45.17% and a net margin of 19.67%. The company had revenue of $140.00 million during the quarter, compared to the consensus estimate of $131.40 million. During the same period last year, the business earned $0.56 EPS. The business’s quarterly revenue was up 14.8% on a year-over-year basis. As a group, equities research analysts anticipate that Trex Company Inc will post 2.54 earnings per share for the current fiscal year.

In related news, SVP William R. Gupp sold 4,306 shares of the firm’s stock in a transaction that occurred on Tuesday, February 19th. The stock was sold at an average price of $76.74, for a total value of $330,442.44. Following the transaction, the senior vice president now directly owns 68,486 shares of the company’s stock, valued at approximately $5,255,615.64. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider James E. Cline sold 13,495 shares of the firm’s stock in a transaction that occurred on Tuesday, February 19th. The shares were sold at an average price of $77.95, for a total value of $1,051,935.25. Following the completion of the transaction, the insider now directly owns 82,391 shares in the company, valued at $6,422,378.45. The disclosure for this sale can be found here. 0.93% of the stock is owned by company insiders.

Several equities research analysts recently issued reports on TREX shares. Zacks Investment Research downgraded Trex from a “hold” rating to a “sell” rating in a research note on Tuesday, January 1st. ValuEngine raised Trex from a “sell” rating to a “hold” rating in a research note on Wednesday, January 2nd. Jefferies Financial Group started coverage on Trex in a research note on Wednesday, January 9th. They issued a “hold” rating and a $60.00 price objective for the company. B. Riley reissued a “buy” rating and issued a $80.00 price objective (up from $71.00) on shares of Trex in a research note on Friday, February 15th. Finally, Sidoti downgraded Trex from a “buy” rating to a “neutral” rating and set a $80.00 price objective for the company. in a research note on Wednesday, February 20th. Five research analysts have rated the stock with a hold rating and three have given a buy rating to the company. Trex currently has an average rating of “Hold” and a consensus target price of $74.00.

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Trex Profile

Trex Co, Inc engages in the manufacture of wood-alternative decking and railing. Its products include deck framing and drainage, outdoor lighting, furniture, pergola and outdoor kitchens, fencing, collections, and accessory hardware. It operates through the following segments Trex Residential Products and Trex Commercial Products.

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Institutional Ownership by Quarter for Trex (NYSE:TREX)

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