Curi RMB Capital LLC Buys 703 Shares of Trex Company, Inc. (NYSE:TREX)

Curi RMB Capital LLC lifted its stake in Trex Company, Inc. (NYSE:TREX) by 1.0% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 68,852 shares of the construction company’s stock after buying an additional 703 shares during the period. Curi RMB Capital LLC’s holdings in Trex were worth $4,753,000 at the end of the most recent reporting period.

A number of other institutional investors have also added to or reduced their stakes in the company. Alliancebernstein L.P. lifted its position in shares of Trex by 54.5% in the 4th quarter. Alliancebernstein L.P. now owns 10,819,326 shares of the construction company’s stock worth $746,858,000 after acquiring an additional 3,818,025 shares during the period. AustralianSuper Pty Ltd bought a new position in Trex in the fourth quarter worth $110,414,000. Norges Bank acquired a new stake in Trex during the fourth quarter worth $54,084,000. Wasatch Advisors LP boosted its stake in Trex by 12.8% during the fourth quarter. Wasatch Advisors LP now owns 4,599,521 shares of the construction company’s stock worth $317,505,000 after buying an additional 523,113 shares in the last quarter. Finally, JPMorgan Chase & Co. increased its holdings in Trex by 97.6% in the 3rd quarter. JPMorgan Chase & Co. now owns 797,513 shares of the construction company’s stock valued at $53,098,000 after buying an additional 393,850 shares during the period. 95.96% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Trex

In other Trex news, Director Melkeya Mcduffie sold 1,420 shares of the stock in a transaction dated Friday, February 28th. The stock was sold at an average price of $61.88, for a total value of $87,869.60. Following the transaction, the director now owns 1,705 shares of the company’s stock, valued at approximately $105,505.40. This represents a 45.44 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. 0.71% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

Several brokerages have recently weighed in on TREX. Citigroup decreased their target price on shares of Trex from $78.00 to $60.00 and set a “neutral” rating on the stock in a research report on Friday, April 11th. DA Davidson reaffirmed a “neutral” rating and set a $74.00 price objective on shares of Trex in a report on Tuesday, February 25th. StockNews.com cut Trex from a “hold” rating to a “sell” rating in a report on Wednesday, March 5th. JPMorgan Chase & Co. decreased their price target on Trex from $79.00 to $73.00 and set a “neutral” rating on the stock in a research note on Wednesday, March 5th. Finally, UBS Group dropped their price objective on Trex from $76.00 to $74.00 and set a “neutral” rating for the company in a research note on Tuesday, February 25th. Two investment analysts have rated the stock with a sell rating, eight have issued a hold rating and eight have given a buy rating to the company’s stock. According to data from MarketBeat, Trex currently has a consensus rating of “Hold” and an average price target of $77.18.

Trex Price Performance

TREX stock opened at $55.65 on Friday. The stock has a market capitalization of $5.97 billion, a PE ratio of 25.41, a price-to-earnings-growth ratio of 2.51 and a beta of 1.62. The company has a 50 day moving average price of $58.75 and a 200 day moving average price of $66.51. Trex Company, Inc. has a fifty-two week low of $49.01 and a fifty-two week high of $94.00.

Trex (NYSE:TREX) last posted its quarterly earnings results on Monday, February 24th. The construction company reported $0.09 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.04 by $0.05. Trex had a return on equity of 28.89% and a net margin of 20.23%. The business had revenue of $167.63 million for the quarter, compared to analysts’ expectations of $160.54 million. As a group, equities analysts expect that Trex Company, Inc. will post 2.04 earnings per share for the current fiscal year.

About Trex

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.