401,159 Shares in Trex Company, Inc. $TREX Acquired by Junto Capital Management LP

Junto Capital Management LP acquired a new position in shares of Trex Company, Inc. (NYSE:TREX) during the 2nd quarter, according to its most recent 13F filing with the SEC. The firm acquired 401,159 shares of the construction company’s stock, valued at approximately $20,074,000. Junto Capital Management LP owned 0.39% of Trex as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also bought and sold shares of the company. California State Teachers Retirement System lifted its stake in Trex by 26.6% in the first quarter. California State Teachers Retirement System now owns 129,321 shares of the construction company’s stock worth $4,710,000 after acquiring an additional 27,189 shares during the period. BlackRock Inc. purchased a new position in Trex during the 2nd quarter valued at about $525,081,000. Havemeyer Place LP bought a new stake in shares of Trex in the 4th quarter valued at about $1,417,000. Wesbanco Bank Inc. bought a new stake in shares of Trex in the 1st quarter valued at about $932,000. Finally, EFG International AG purchased a new stake in shares of Trex in the 2nd quarter worth approximately $7,197,000. 95.96% of the stock is owned by institutional investors.

Insider Transactions at Trex

In other news, SVP Amy M. Fernandez sold 1,050 shares of the company’s stock in a transaction dated Friday, August 7th. The shares were sold at an average price of $50.07, for a total transaction of $52,573.50. Following the transaction, the senior vice president owned 67,794 shares in the company, valued at $3,394,445.58. This represents a 1.53% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, SVP Jacob T. Rudolph sold 1,400 shares of Trex stock in a transaction that occurred on Thursday, June 25th. The stock was sold at an average price of $50.00, for a total transaction of $70,000.00. Following the completion of the sale, the senior vice president owned 36,631 shares of the company’s stock, valued at $1,831,550. This trade represents a 3.68% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Company insiders own 0.93% of the company’s stock.

Trex Stock Down 0.6%

Shares of TREX opened at $45.50 on Thursday. The company has a 50 day moving average of $46.12 and a two-hundred day moving average of $42.59. Trex Company, Inc. has a twelve month low of $29.77 and a twelve month high of $62.45. The company has a market cap of $4.73 billion, a price-to-earnings ratio of 27.09, a price-to-earnings-growth ratio of 3.16 and a beta of 1.47.

Trex (NYSE:TREX) last issued its quarterly earnings results on Tuesday, August 4th. The construction company reported $0.62 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.63 by ($0.01). The business had revenue of $418.02 million for the quarter, compared to analyst estimates of $415.71 million. Trex had a return on equity of 18.03% and a net margin of 14.68%.The business’s revenue for the quarter was up 7.8% on a year-over-year basis. During the same period in the previous year, the company posted $0.71 earnings per share. On average, sell-side analysts expect that Trex Company, Inc. will post 1.76 EPS for the current year.

Wall Street Analyst Weigh In

A number of equities analysts have recently issued reports on TREX shares. Stifel Nicolaus set a $49.00 price objective on shares of Trex and gave the company a “hold” rating in a research note on Tuesday, August 11th. The Goldman Sachs Group restated a “buy” rating and set a $56.00 target price (up from $49.00) on shares of Trex in a report on Friday, July 10th. Barclays reaffirmed an “underweight” rating and set a $42.00 target price (up from $36.00) on shares of Trex in a research report on Tuesday, July 14th. Stephens boosted their price target on Trex from $45.00 to $50.00 and gave the stock an “equal weight” rating in a research report on Tuesday, July 28th. Finally, DA Davidson reaffirmed a “buy” rating and set a $55.00 price objective on shares of Trex in a research report on Tuesday, July 14th. One investment analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating, nine have given a Hold rating and two have given a Sell rating to the stock. According to MarketBeat.com, Trex currently has a consensus rating of “Hold” and an average price target of $49.30.

Trex Company 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.