Lisanti Capital Growth LLC Has $616,000 Stake in Trex Company, Inc. (NYSE:TREX)

Lisanti Capital Growth LLC reduced its position in shares of Trex Company, Inc. (NYSE:TREX) by 79.4% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 7,440 shares of the construction company’s stock after selling 28,595 shares during the period. Lisanti Capital Growth LLC’s holdings in Trex were worth $616,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also added to or reduced their stakes in the company. Contravisory Investment Management Inc. bought a new stake in shares of Trex in the fourth quarter valued at approximately $28,000. Loomis Sayles & Co. L P bought a new stake in shares of Trex during the 3rd quarter valued at $27,000. Headinvest LLC acquired a new stake in shares of Trex during the 3rd quarter worth $29,000. Larson Financial Group LLC increased its position in shares of Trex by 6,100.0% in the third quarter. Larson Financial Group LLC now owns 682 shares of the construction company’s stock worth $42,000 after purchasing an additional 671 shares during the period. Finally, Covestor Ltd raised its stake in Trex by 623.8% in the third quarter. Covestor Ltd now owns 941 shares of the construction company’s stock valued at $58,000 after purchasing an additional 811 shares in the last quarter. 95.96% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several equities analysts have commented on the stock. DA Davidson raised their target price on shares of Trex from $80.00 to $87.00 and gave the company a “neutral” rating in a report on Tuesday, February 27th. The Goldman Sachs Group raised their target price on Trex from $89.00 to $108.00 and gave the company a “buy” rating in a report on Wednesday, February 28th. Barclays upped their price objective on Trex from $86.00 to $93.00 and gave the stock an “underweight” rating in a research report on Thursday, April 4th. Benchmark boosted their target price on Trex from $85.00 to $105.00 and gave the stock a “buy” rating in a research note on Friday, March 1st. Finally, Stifel Nicolaus increased their target price on shares of Trex from $90.00 to $107.00 and gave the stock a “buy” rating in a report on Tuesday, February 27th. Two analysts have rated the stock with a sell rating, nine have issued a hold rating and eight have given a buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $88.72.

Trex Stock Performance

Shares of TREX stock traded down $0.85 on Tuesday, hitting $92.52. The company had a trading volume of 1,048,024 shares, compared to its average volume of 759,659. The stock’s 50-day moving average is $93.82 and its two-hundred day moving average is $82.29. The firm has a market cap of $10.05 billion, a P/E ratio of 49.40, a P/E/G ratio of 2.06 and a beta of 1.60. Trex Company, Inc. has a twelve month low of $51.03 and a twelve month high of $101.91.

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

Trex 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.