Trex Company, Inc. (NYSE:TREX) Shares Sold by Amalgamated Bank

Amalgamated Bank lessened its stake in shares of Trex Company, Inc. (NYSE:TREX) by 1.6% during the 4th quarter, Holdings Channel reports. The firm owned 52,553 shares of the construction company’s stock after selling 837 shares during the quarter. Amalgamated Bank’s holdings in Trex were worth $3,628,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also bought and sold shares of the company. International Assets Investment Management LLC grew its holdings in shares of Trex by 7,363.6% during the third quarter. International Assets Investment Management LLC now owns 2,463 shares of the construction company’s stock valued at $164,000 after buying an additional 2,430 shares during the last quarter. State of Alaska Department of Revenue lifted its position in Trex by 7.3% during the 3rd quarter. State of Alaska Department of Revenue now owns 12,636 shares of the construction company’s stock worth $841,000 after acquiring an additional 855 shares during the period. J.W. Cole Advisors Inc. grew its stake in Trex by 69.4% during the 3rd quarter. J.W. Cole Advisors Inc. now owns 5,274 shares of the construction company’s stock valued at $351,000 after purchasing an additional 2,161 shares during the last quarter. US Bancorp DE increased its holdings in shares of Trex by 23.8% in the third quarter. US Bancorp DE now owns 13,675 shares of the construction company’s stock valued at $910,000 after purchasing an additional 2,629 shares during the period. Finally, Stephens Inc. AR raised its stake in shares of Trex by 7.1% in the third quarter. Stephens Inc. AR now owns 5,693 shares of the construction company’s stock worth $379,000 after purchasing an additional 375 shares during the last quarter. Institutional investors and hedge funds own 95.96% of the company’s stock.

Insider Activity

In related news, Director Melkeya Mcduffie sold 1,420 shares of the company’s stock in a transaction dated Friday, February 28th. The shares were sold at an average price of $61.88, for a total transaction of $87,869.60. Following the completion of the transaction, the director now owns 1,705 shares in the company, valued at $105,505.40. This represents a 45.44 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 0.71% of the company’s stock.

Trex Trading Up 2.3 %

Shares of TREX stock opened at $61.71 on Friday. The company has a market capitalization of $6.61 billion, a P/E ratio of 28.18, a P/E/G ratio of 2.51 and a beta of 1.51. Trex Company, Inc. has a 12-month low of $58.68 and a 12-month high of $100.77. The business’s 50 day moving average is $69.13 and its two-hundred day moving average is $68.64.

Trex (NYSE:TREX) last announced its earnings results on Monday, February 24th. The construction company reported $0.09 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.04 by $0.05. The firm had revenue of $167.63 million for the quarter, compared to analyst estimates of $160.54 million. Trex had a return on equity of 28.89% and a net margin of 20.23%. On average, research analysts predict that Trex Company, Inc. will post 2.04 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of equities research analysts recently commented on TREX shares. Truist Financial dropped their target price on Trex from $100.00 to $90.00 and set a “buy” rating on the stock in a research report on Tuesday. Jefferies Financial Group dropped their price objective on shares of Trex from $81.00 to $71.00 and set a “hold” rating on the stock in a report on Tuesday. Citigroup reduced their target price on shares of Trex from $84.00 to $78.00 and set a “neutral” rating for the company in a report on Monday, January 6th. StockNews.com upgraded shares of Trex from a “sell” rating to a “hold” rating in a research report on Tuesday. Finally, DA Davidson reaffirmed a “neutral” rating and set a $74.00 price target on shares of Trex in a research report on Tuesday. One investment analyst has rated the stock with a sell rating, ten have given a hold rating and six have assigned a buy rating to the company. According to MarketBeat, the company has a consensus rating of “Hold” and an average price target of $78.38.

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.