Geneva Capital Management LLC Purchases 131,407 Shares of Trex Company, Inc. (NYSE:TREX)

Geneva Capital Management LLC boosted its position in shares of Trex Company, Inc. (NYSE:TREX) by 10.7% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,354,842 shares of the construction company’s stock after purchasing an additional 131,407 shares during the period. Trex comprises 2.1% of Geneva Capital Management LLC’s holdings, making the stock its 14th largest position. Geneva Capital Management LLC’s holdings in Trex were worth $112,167,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also recently added to or reduced their stakes in the company. Redwood Investments LLC bought a new position in Trex during the 4th quarter worth about $2,271,000. WCM Investment Management LLC boosted its stake in shares of Trex by 9.4% during the 4th quarter. WCM Investment Management LLC now owns 251,159 shares of the construction company’s stock worth $21,027,000 after buying an additional 21,486 shares during the last quarter. Jacobs Levy Equity Management Inc. acquired a new position in shares of Trex during the 3rd quarter worth about $4,053,000. Motley Fool Wealth Management LLC acquired a new position in shares of Trex during the 4th quarter worth about $8,590,000. Finally, Quantbot Technologies LP lifted its stake in Trex by 81.8% in the 3rd quarter. Quantbot Technologies LP now owns 63,876 shares of the construction company’s stock valued at $3,937,000 after purchasing an additional 28,746 shares during the last quarter. Institutional investors own 95.96% of the company’s stock.

Trex Stock Up 2.9 %

Shares of TREX stock traded up $2.61 during trading hours on Thursday, reaching $93.41. The company’s stock had a trading volume of 1,166,324 shares, compared to its average volume of 765,757. Trex Company, Inc. has a fifty-two week low of $51.03 and a fifty-two week high of $101.91. The company has a market capitalization of $10.15 billion, a price-to-earnings ratio of 49.38, a PEG ratio of 2.06 and a beta of 1.60. The firm’s 50 day simple moving average is $93.77 and its 200-day simple moving average is $82.62.

Trex (NYSE:TREX) last posted its quarterly earnings results on Monday, February 26th. The construction company reported $0.20 EPS for the quarter, topping analysts’ consensus estimates of $0.19 by $0.01. Trex had a return on equity of 31.26% and a net margin of 18.76%. The company had revenue of $195.75 million during the quarter, compared to analysts’ expectations of $193.40 million. During the same quarter in the previous year, the firm earned $0.23 EPS. Trex’s revenue was up 1.9% on a year-over-year basis. Sell-side analysts predict that Trex Company, Inc. will post 2.22 earnings per share for the current year.

Wall Street Analyst Weigh In

TREX has been the subject of several recent analyst reports. Benchmark raised their target price on shares of Trex from $85.00 to $105.00 and gave the company a “buy” rating in a research note on Friday, March 1st. Barclays raised their target price on shares of Trex from $86.00 to $93.00 and gave the company an “underweight” rating in a research note on Thursday, April 4th. UBS Group raised their target price on shares of Trex from $84.00 to $100.00 and gave the company a “neutral” rating in a research note on Tuesday, February 27th. Stifel Nicolaus upped their target price on Trex from $90.00 to $107.00 and gave the company a “buy” rating in a research report on Tuesday, February 27th. Finally, Robert W. Baird lifted their price target on Trex from $105.00 to $110.00 and gave the stock a “neutral” rating in a report on Monday, April 8th. Two investment analysts have rated the stock with a sell rating, nine have given a hold rating and eight have assigned a buy rating to the stock. According to data from MarketBeat.com, Trex presently has a consensus rating of “Hold” and a consensus target price of $88.72.

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.