American Trust Investment Advisors LLC Makes New $3 Million Investment in Trex Company, Inc. $TREX

American Trust Investment Advisors LLC acquired a new stake in shares of Trex Company, Inc. (NYSE:TREX) in the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 58,135 shares of the construction company’s stock, valued at approximately $3,004,000.

Several other hedge funds and other institutional investors also recently made changes to their positions in the company. Steigerwald Gordon & Koch Inc. purchased a new position in shares of Trex in the third quarter worth approximately $31,000. Rothschild Investment LLC purchased a new stake in shares of Trex in the 3rd quarter valued at approximately $60,000. Clearstead Advisors LLC boosted its stake in Trex by 91.8% in the 3rd quarter. Clearstead Advisors LLC now owns 1,500 shares of the construction company’s stock worth $78,000 after purchasing an additional 718 shares during the period. EverSource Wealth Advisors LLC boosted its stake in Trex by 662.3% in the 3rd quarter. EverSource Wealth Advisors LLC now owns 1,517 shares of the construction company’s stock worth $78,000 after purchasing an additional 1,318 shares during the period. Finally, GAMMA Investing LLC grew its position in Trex by 37.1% during the 3rd quarter. GAMMA Investing LLC now owns 1,999 shares of the construction company’s stock worth $103,000 after purchasing an additional 541 shares in the last quarter. 95.96% of the stock is currently owned by institutional investors and hedge funds.

Trex Stock Performance

Shares of TREX opened at $37.47 on Friday. The firm has a market cap of $3.96 billion, a PE ratio of 21.17, a PEG ratio of 8.62 and a beta of 1.58. The firm’s 50 day moving average price is $41.29 and its 200 day moving average price is $43.60. Trex Company, Inc. has a twelve month low of $29.77 and a twelve month high of $68.78.

Trex (NYSE:TREX) last posted its earnings results on Tuesday, February 24th. The construction company reported $0.04 EPS for the quarter, topping the consensus estimate of ($0.01) by $0.05. Trex had a net margin of 16.22% and a return on equity of 20.29%. The company had revenue of $161.13 million during the quarter, compared to the consensus estimate of $144.39 million. During the same period in the previous year, the firm posted $0.09 earnings per share. The company’s revenue for the quarter was down 3.9% compared to the same quarter last year. On average, sell-side analysts anticipate that Trex Company, Inc. will post 2.04 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several brokerages have issued reports on TREX. Benchmark downgraded shares of Trex from a “buy” rating to a “hold” rating in a research note on Wednesday, February 11th. DA Davidson lifted their price target on Trex from $50.00 to $51.00 and gave the company a “buy” rating in a report on Wednesday. Stifel Nicolaus set a $37.50 price target on Trex and gave the company a “hold” rating in a research report on Monday, February 23rd. Barclays increased their price objective on Trex from $32.00 to $39.00 and gave the stock an “underweight” rating in a research note on Wednesday, February 25th. Finally, Citigroup raised their price objective on Trex from $39.00 to $46.00 and gave the stock a “neutral” rating in a research report on Thursday, February 26th. Ten equities research analysts have rated the stock with a Buy rating, ten have given a Hold rating and three have issued a Sell rating to the stock. Based on data from MarketBeat, Trex currently has a consensus rating of “Hold” and an average price target of $47.78.

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.