Vestor Capital LLC Takes Position in Trex Company, Inc. (NYSE:TREX)

Vestor Capital LLC purchased a new stake in shares of Trex Company, Inc. (NYSE:TREX) in the fourth quarter, according to the company in its most recent filing with the SEC. The firm purchased 564 shares of the construction company’s stock, valued at approximately $47,000.

A number of other large investors have also recently modified their holdings of TREX. Lord Abbett & CO. LLC boosted its position in shares of Trex by 97.8% during the 3rd quarter. Lord Abbett & CO. LLC now owns 1,239,723 shares of the construction company’s stock valued at $76,404,000 after acquiring an additional 612,832 shares during the last quarter. Fred Alger Management LLC lifted its position in Trex by 910.6% in the 3rd quarter. Fred Alger Management LLC now owns 447,159 shares of the construction company’s stock worth $27,558,000 after buying an additional 402,913 shares during the last quarter. Invesco Ltd. lifted its position in Trex by 69.3% in the 3rd quarter. Invesco Ltd. now owns 921,821 shares of the construction company’s stock worth $56,812,000 after buying an additional 377,377 shares during the last quarter. FMR LLC lifted its position in Trex by 128.5% in the 3rd quarter. FMR LLC now owns 565,951 shares of the construction company’s stock worth $34,880,000 after buying an additional 318,300 shares during the last quarter. Finally, Artisan Partners Limited Partnership lifted its position in Trex by 7.5% in the 3rd quarter. Artisan Partners Limited Partnership now owns 3,441,866 shares of the construction company’s stock worth $212,122,000 after buying an additional 240,850 shares during the last quarter. Institutional investors own 95.96% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on TREX. The Goldman Sachs Group boosted their target price on Trex from $89.00 to $108.00 and gave the stock a “buy” rating in a research report on Wednesday, February 28th. Truist Financial boosted their target price on Trex from $70.00 to $120.00 and gave the stock a “buy” rating in a research report on Tuesday, February 27th. DA Davidson lifted their price target on Trex from $80.00 to $87.00 and gave the stock a “neutral” rating in a research note on Tuesday, February 27th. JPMorgan Chase & Co. lifted their price target on Trex from $79.00 to $93.00 and gave the stock a “neutral” rating in a research note on Friday, March 1st. Finally, UBS Group lifted their price target on Trex from $84.00 to $100.00 and gave the stock a “neutral” rating in a research note on Tuesday, February 27th. Two analysts have rated the stock with a sell rating, nine have assigned a hold rating and eight have given a buy rating to the company’s stock. According to data from MarketBeat.com, Trex presently has an average rating of “Hold” and a consensus price target of $88.72.

Trex Price Performance

TREX stock traded up $2.61 during midday trading on Thursday, hitting $93.41. The stock had a trading volume of 1,166,324 shares, compared to its average volume of 765,757. The firm has a market cap of $10.15 billion, a price-to-earnings ratio of 49.42, a price-to-earnings-growth ratio of 2.06 and a beta of 1.60. The business has a 50-day moving average of $93.81 and a two-hundred day moving average of $82.69. Trex Company, Inc. has a 52-week low of $51.03 and a 52-week high of $101.91.

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