Oregon Public Employees Retirement Fund Sells 291 Shares of Trex Company, Inc. (NYSE:TREX)

Oregon Public Employees Retirement Fund lowered its holdings in shares of Trex Company, Inc. (NYSE:TREX) by 1.3% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 21,807 shares of the construction company’s stock after selling 291 shares during the period. Oregon Public Employees Retirement Fund’s holdings in Trex were worth $1,505,000 as of its most recent SEC filing.

Several other large investors have also recently modified their holdings of TREX. Wilmington Savings Fund Society FSB bought a new position in shares of Trex during the third quarter valued at $30,000. Mather Group LLC. raised its stake in shares of Trex by 73.5% during the fourth quarter. Mather Group LLC. now owns 451 shares of the construction company’s stock valued at $31,000 after acquiring an additional 191 shares during the last quarter. Avior Wealth Management LLC raised its stake in shares of Trex by 1,212.8% during the fourth quarter. Avior Wealth Management LLC now owns 512 shares of the construction company’s stock valued at $35,000 after acquiring an additional 473 shares during the last quarter. Eagle Bay Advisors LLC bought a new position in shares of Trex during the fourth quarter valued at $41,000. Finally, V Square Quantitative Management LLC raised its stake in shares of Trex by 47.4% during the fourth quarter. V Square Quantitative Management LLC now owns 628 shares of the construction company’s stock valued at $43,000 after acquiring an additional 202 shares during the last quarter. Institutional investors own 95.96% of the company’s stock.

Wall Street Analysts Forecast Growth

TREX has been the subject of several analyst reports. UBS Group dropped their price target on shares of Trex from $76.00 to $74.00 and set a “neutral” rating for the company in a research note on Tuesday. Bank of America lowered their target price on shares of Trex from $85.00 to $79.00 and set a “buy” rating for the company in a research note on Tuesday. Citigroup lowered their target price on shares of Trex from $84.00 to $78.00 and set a “neutral” rating for the company in a research note on Monday, January 6th. Jefferies Financial Group lowered their target price on shares of Trex from $81.00 to $71.00 and set a “hold” rating for the company in a research note on Tuesday. Finally, DA Davidson reissued a “neutral” rating and set a $74.00 target price on shares of Trex in a research note on Tuesday. One research analyst has rated the stock with a sell rating, ten have assigned a hold rating and six have issued a buy rating to the stock. Based on data from MarketBeat, Trex currently has a consensus rating of “Hold” and a consensus price target of $78.38.

Insider Activity

In other news, Director Melkeya Mcduffie sold 1,420 shares of Trex 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 directly owns 1,705 shares in the company, valued at $105,505.40. This trade represents a 45.44 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Corporate insiders own 0.71% of the company’s stock.

Trex Trading Up 2.3 %

NYSE:TREX opened at $61.71 on Friday. The stock has a market capitalization of $6.61 billion, a price-to-earnings ratio of 28.18, a PEG ratio of 2.51 and a beta of 1.51. The firm has a fifty day simple moving average of $69.13 and a two-hundred day simple moving average of $68.64. Trex Company, Inc. has a 12 month low of $58.68 and a 12 month high of $100.77.

Trex (NYSE:TREX) last issued its quarterly earnings data 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 during the quarter, compared to analysts’ expectations of $160.54 million. Trex had a net margin of 20.23% and a return on equity of 28.89%. Equities analysts predict that Trex Company, Inc. will post 2.04 earnings per share for the current fiscal year.

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.