Oak Ridge Investments LLC Purchases New Shares in Trex Company, Inc. $TREX

Oak Ridge Investments LLC acquired a new position in Trex Company, Inc. (NYSE:TREX) in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund acquired 21,530 shares of the construction company’s stock, valued at approximately $1,112,000.

A number of other institutional investors have also recently bought and sold shares of TREX. AQR Capital Management LLC increased its holdings in shares of Trex by 3.2% during the first quarter. AQR Capital Management LLC now owns 5,642 shares of the construction company’s stock worth $320,000 after purchasing an additional 177 shares during the period. Goldman Sachs Group Inc. boosted its stake in shares of Trex by 91.3% in the first quarter. Goldman Sachs Group Inc. now owns 822,772 shares of the construction company’s stock valued at $47,803,000 after buying an additional 392,715 shares during the period. Parallel Advisors LLC grew its position in Trex by 28.4% during the second quarter. Parallel Advisors LLC now owns 1,049 shares of the construction company’s stock worth $57,000 after buying an additional 232 shares in the last quarter. UMB Bank n.a. grew its position in Trex by 41.4% during the second quarter. UMB Bank n.a. now owns 1,168 shares of the construction company’s stock worth $64,000 after buying an additional 342 shares in the last quarter. Finally, Armstrong Advisory Group Inc. bought a new position in Trex during the 2nd quarter worth $31,000. Institutional investors own 95.96% of the company’s stock.

Insider Buying and Selling

In other news, CFO Prithvi Gandhi purchased 15,000 shares of the business’s stock in a transaction dated Friday, November 14th. The shares were purchased at an average cost of $31.92 per share, with a total value of $478,800.00. Following the completion of the purchase, the chief financial officer owned 30,664 shares of the company’s stock, valued at $978,794.88. This trade represents a 95.76% increase in their position. The purchase was disclosed in a document filed with the SEC, which is available at this link. Corporate insiders own 0.71% of the company’s stock.

Trex Price Performance

TREX stock opened at $43.76 on Monday. The stock has a market cap of $4.69 billion, a price-to-earnings ratio of 23.78 and a beta of 1.55. The company has a 50 day simple moving average of $35.39 and a 200 day simple moving average of $49.55. Trex Company, Inc. has a 1 year low of $29.77 and a 1 year high of $75.55.

Trex (NYSE:TREX) last posted its earnings results on Tuesday, November 4th. The construction company reported $0.51 earnings per share for the quarter, missing analysts’ consensus estimates of $0.57 by ($0.06). Trex had a return on equity of 21.90% and a net margin of 16.76%.The company had revenue of $285.35 million for the quarter, compared to the consensus estimate of $301.74 million. During the same period in the previous year, the firm posted $0.37 EPS. The business’s quarterly revenue was up 22.1% compared to the same quarter last year. On average, equities research analysts anticipate that Trex Company, Inc. will post 2.04 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

TREX has been the subject of a number of recent analyst reports. Stifel Nicolaus reiterated a “hold” rating and set a $35.00 target price (down from $61.00) on shares of Trex in a research report on Monday, November 10th. Robert W. Baird set a $48.00 price target on Trex in a research report on Monday, January 12th. Benchmark cut their price objective on shares of Trex from $80.00 to $40.00 and set a “buy” rating for the company in a research report on Wednesday, November 5th. Vertical Research downgraded shares of Trex from a “buy” rating to a “hold” rating and set a $32.00 price objective on the stock. in a research note on Wednesday, November 5th. Finally, UBS Group set a $52.00 price target on shares of Trex and gave the stock a “buy” rating in a report on Tuesday, January 6th. One analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating, nine have issued a Hold rating and four have assigned a Sell rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $47.25.

Trex Profile

Trex Company, Inc is a leading manufacturer of wood-alternative decking and railing systems designed for residential and commercial outdoor living environments. The company’s core offerings feature composite decking products made from a proprietary blend of recycled wood fibers and plastic film, which deliver enhanced durability, resistance to rot and insect damage, and low maintenance compared to traditional wood. Trex also provides matching railing, lighting, fencing and cladding solutions that allow customers to create cohesive, high-performance outdoor spaces.

Trex’s product portfolio is organized into multiple performance tiers, including premium, mid-range and value-oriented lines.