Semanteon Capital Management LP Invests $1.27 Million in Trex Company, Inc. (NYSE:TREX)

Semanteon Capital Management LP purchased a new position in shares of Trex Company, Inc. (NYSE:TREX) in the 4th quarter, Holdings Channel reports. The institutional investor purchased 15,378 shares of the construction company’s stock, valued at approximately $1,273,000. Trex accounts for approximately 0.9% of Semanteon Capital Management LP’s investment portfolio, making the stock its 6th largest holding.

Other hedge funds have also recently added to or reduced their stakes in the company. Loomis Sayles & Co. L P purchased a new position in Trex in the 3rd quarter valued at approximately $27,000. Contravisory Investment Management Inc. acquired a new position in shares of Trex during the 4th quarter worth $28,000. Headinvest LLC acquired a new position in shares of Trex during the 3rd quarter worth $29,000. Larson Financial Group LLC boosted its position in shares of Trex by 6,100.0% in the 3rd quarter. Larson Financial Group LLC now owns 682 shares of the construction company’s stock worth $42,000 after buying an additional 671 shares in the last quarter. Finally, Covestor Ltd grew its stake in Trex by 623.8% in the 3rd quarter. Covestor Ltd now owns 941 shares of the construction company’s stock valued at $58,000 after acquiring an additional 811 shares during the last quarter. Institutional investors and hedge funds own 95.96% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts have issued reports on TREX shares. Stifel Nicolaus lifted their target price on shares of Trex from $90.00 to $107.00 and gave the stock a “buy” rating in a research report on Tuesday, February 27th. Robert W. Baird upped their target price on Trex from $105.00 to $110.00 and gave the company a “neutral” rating in a research note on Monday, April 8th. JPMorgan Chase & Co. raised their price target on Trex from $79.00 to $93.00 and gave the stock a “neutral” rating in a research report on Friday, March 1st. Truist Financial boosted their price target on Trex from $70.00 to $120.00 and gave the stock a “buy” rating in a report on Tuesday, February 27th. Finally, Benchmark increased their price objective on Trex from $85.00 to $105.00 and gave the company a “buy” rating in a research note on Friday, March 1st. Two research analysts have rated the stock with a sell rating, nine have assigned a hold rating and eight have assigned a buy rating to the company. Based on data from MarketBeat.com, Trex has a consensus rating of “Hold” and a consensus price target of $88.72.

Trex Price Performance

NYSE:TREX traded up $0.21 during trading hours on Thursday, reaching $89.41. 484,606 shares of the company were exchanged, compared to its average volume of 778,042. The firm has a market cap of $9.71 billion, a price-to-earnings ratio of 45.99, a PEG ratio of 2.02 and a beta of 1.60. The stock has a 50 day simple moving average of $94.07 and a 200 day simple moving average of $80.28. Trex Company, Inc. has a 52-week low of $51.03 and a 52-week high of $101.91.

Trex (NYSE:TREX) last released its quarterly earnings data 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 business had revenue of $195.75 million during the quarter, compared to the consensus estimate of $193.40 million. During the same period in the prior year, the firm posted $0.23 EPS. The business’s revenue for the quarter was up 1.9% on a year-over-year basis. On average, analysts predict that Trex Company, Inc. will post 2.22 EPS for the current fiscal year.

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.