Vestor Capital LLC Buys New Stake in Trex Company, Inc. (NYSE:TREX)

Vestor Capital LLC bought a new stake in Trex Company, Inc. (NYSE:TREX) in the 4th quarter, according to its most recent filing with the SEC. The fund bought 564 shares of the construction company’s stock, valued at approximately $47,000.

Other large investors have also recently made changes to their positions in the company. First Horizon Advisors Inc. raised its position in Trex by 6.9% during the fourth quarter. First Horizon Advisors Inc. now owns 2,144 shares of the construction company’s stock worth $178,000 after acquiring an additional 138 shares during the period. Shell Asset Management Co. grew its holdings in shares of Trex by 0.5% during the third quarter. Shell Asset Management Co. now owns 35,605 shares of the construction company’s stock worth $2,194,000 after buying an additional 163 shares in the last quarter. Martin Capital Advisors LLP grew its holdings in shares of Trex by 0.7% during the fourth quarter. Martin Capital Advisors LLP now owns 25,723 shares of the construction company’s stock worth $2,130,000 after buying an additional 168 shares in the last quarter. Fifth Third Bancorp grew its holdings in shares of Trex by 13.2% during the fourth quarter. Fifth Third Bancorp now owns 1,554 shares of the construction company’s stock worth $129,000 after buying an additional 181 shares in the last quarter. Finally, Inspire Investing LLC grew its holdings in shares of Trex by 4.2% during the third quarter. Inspire Investing LLC now owns 4,960 shares of the construction company’s stock worth $306,000 after buying an additional 201 shares in the last quarter. 95.96% of the stock is currently owned by institutional investors and hedge funds.

Trex Stock Performance

Shares of NYSE:TREX traded up $2.61 during trading on Thursday, hitting $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 business has a 50 day moving average price of $93.81 and a two-hundred day moving average price of $82.69. The company has a market capitalization of $10.15 billion, a PE ratio of 49.42, a P/E/G ratio of 2.06 and a beta of 1.60.

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

Wall Street Analyst Weigh In

A number of research firms have recently issued reports on TREX. Barclays upped their target price on shares of Trex from $86.00 to $93.00 and gave the stock an “underweight” rating in a report on Thursday, April 4th. Stifel Nicolaus upped their price objective on shares of Trex from $90.00 to $107.00 and gave the company a “buy” rating in a report on Tuesday, February 27th. The Goldman Sachs Group upped their price objective on shares of Trex from $89.00 to $108.00 and gave the company a “buy” rating in a report on Wednesday, February 28th. JPMorgan Chase & Co. upped their price objective on shares of Trex from $79.00 to $93.00 and gave the company a “neutral” rating in a report on Friday, March 1st. Finally, UBS Group upped their price objective on shares of Trex from $84.00 to $100.00 and gave the company a “neutral” rating in a report on Tuesday, February 27th. Two research 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 MarketBeat.com, the company has an average rating of “Hold” and an average price target of $88.72.

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.