SG Americas Securities LLC Boosts Holdings in Trex Company, Inc. $TREX

SG Americas Securities LLC raised its position in Trex Company, Inc. (NYSE:TREX) by 723.2% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 103,603 shares of the construction company’s stock after acquiring an additional 91,018 shares during the period. SG Americas Securities LLC’s holdings in Trex were worth $3,634,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also made changes to their positions in TREX. AQR Capital Management LLC lifted its holdings in shares of Trex by 3.2% during the 1st quarter. AQR Capital Management LLC now owns 5,642 shares of the construction company’s stock valued at $320,000 after purchasing an additional 177 shares during the last quarter. Benjamin Edwards Inc. increased its position in Trex by 1.9% during the 2nd quarter. Benjamin Edwards Inc. now owns 11,240 shares of the construction company’s stock valued at $611,000 after buying an additional 214 shares in the last quarter. Park Avenue Securities LLC raised its stake in Trex by 3.0% in the third quarter. Park Avenue Securities LLC now owns 8,692 shares of the construction company’s stock valued at $449,000 after buying an additional 253 shares during the last quarter. Hsbc Holdings PLC raised its stake in Trex by 6.3% in the second quarter. Hsbc Holdings PLC now owns 5,403 shares of the construction company’s stock valued at $294,000 after buying an additional 322 shares during the last quarter. Finally, CIBC Private Wealth Group LLC boosted its holdings in Trex by 0.7% in the third quarter. CIBC Private Wealth Group LLC now owns 45,646 shares of the construction company’s stock worth $2,359,000 after acquiring an additional 333 shares in the last quarter. 95.96% of the stock is owned by institutional investors and hedge funds.

Trex Stock Performance

Shares of TREX stock opened at $35.58 on Friday. Trex Company, Inc. has a fifty-two week low of $29.77 and a fifty-two week high of $68.78. The firm has a market capitalization of $3.70 billion, a PE ratio of 20.10, a P/E/G ratio of 8.41 and a beta of 1.60. The stock’s 50-day simple moving average is $39.99 and its 200-day simple moving average is $41.29.

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

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on the company. BMO Capital Markets restated an “outperform” rating and set a $54.00 price target on shares of Trex in a research note on Thursday, January 8th. Loop Capital upgraded shares of Trex from a “hold” rating to a “buy” rating and lifted their target price for the stock from $45.00 to $53.00 in a research note on Wednesday, February 25th. Barclays boosted their target price on shares of Trex from $32.00 to $39.00 and gave the stock an “underweight” rating in a research report on Wednesday, February 25th. Benchmark lowered shares of Trex from a “buy” rating to a “hold” rating in a research note on Wednesday, February 11th. Finally, Wolfe Research raised shares of Trex from a “peer perform” rating to an “outperform” rating and set a $47.00 price target for the company in a report on Wednesday, January 7th. Ten analysts have rated the stock with a Buy rating, ten have issued a Hold rating and three have assigned a Sell rating to the company’s stock. According to MarketBeat.com, Trex currently has an average 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.