L & S Advisors Inc Acquires Shares of 15,013 Trex Company, Inc. (NYSE:TREX)

L & S Advisors Inc bought a new position in shares of Trex Company, Inc. (NYSE:TREX) in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 15,013 shares of the construction company’s stock, valued at approximately $1,000,000.

A number of other large investors have also recently made changes to their positions in TREX. Conestoga Capital Advisors LLC increased its holdings in Trex by 3.2% during the 2nd quarter. Conestoga Capital Advisors LLC now owns 1,973,668 shares of the construction company’s stock worth $146,288,000 after purchasing an additional 60,405 shares during the period. American Century Companies Inc. raised its holdings in shares of Trex by 7.1% in the second quarter. American Century Companies Inc. now owns 1,843,376 shares of the construction company’s stock valued at $136,631,000 after acquiring an additional 122,658 shares in the last quarter. Geneva Capital Management LLC grew its holdings in Trex by 0.4% during the 3rd quarter. Geneva Capital Management LLC now owns 1,592,533 shares of the construction company’s stock worth $106,031,000 after acquiring an additional 6,616 shares in the last quarter. Dimensional Fund Advisors LP increased its position in Trex by 8.2% during the 2nd quarter. Dimensional Fund Advisors LP now owns 1,224,351 shares of the construction company’s stock valued at $90,752,000 after purchasing an additional 92,563 shares during the period. Finally, Blair William & Co. IL lifted its position in shares of Trex by 0.6% in the 2nd quarter. Blair William & Co. IL now owns 1,144,126 shares of the construction company’s stock worth $84,803,000 after purchasing an additional 6,901 shares during the period. 95.96% of the stock is owned by hedge funds and other institutional investors.

Trex Stock Up 2.1 %

TREX opened at $70.34 on Friday. Trex Company, Inc. has a twelve month low of $58.68 and a twelve month high of $101.91. The company has a 50-day moving average price of $67.69 and a 200 day moving average price of $73.61. The company has a market cap of $7.54 billion, a PE ratio of 32.19, a price-to-earnings-growth ratio of 3.07 and a beta of 1.49.

Trex (NYSE:TREX) last released its earnings results on Monday, October 28th. The construction company reported $0.37 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.32 by $0.05. The business had revenue of $233.72 million during the quarter, compared to analyst estimates of $225.42 million. Trex had a net margin of 20.23% and a return on equity of 28.89%. The company’s revenue for the quarter was down 23.1% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.57 earnings per share. As a group, sell-side analysts expect that Trex Company, Inc. will post 2.05 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of brokerages recently weighed in on TREX. Robert W. Baird upped their price objective on Trex from $70.00 to $78.00 and gave the stock a “neutral” rating in a research note on Tuesday, October 29th. Loop Capital downgraded shares of Trex from a “buy” rating to a “hold” rating and dropped their target price for the stock from $95.00 to $75.00 in a research report on Wednesday, August 7th. Barclays decreased their price target on shares of Trex from $68.00 to $67.00 and set an “underweight” rating for the company in a report on Tuesday, October 29th. StockNews.com downgraded Trex from a “hold” rating to a “sell” rating in a research report on Tuesday, October 29th. Finally, UBS Group dropped their price target on Trex from $104.00 to $79.00 and set a “neutral” rating on the stock in a research note on Wednesday, August 7th. Two equities research analysts have rated the stock with a sell rating, ten have given a hold rating and six have assigned a buy rating to the company. Based on data from MarketBeat, Trex currently has a consensus rating of “Hold” and a consensus target price of $79.94.

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.