Lisanti Capital Growth LLC Cuts Stake in Trex Company, Inc. (NYSE:TREX)

Lisanti Capital Growth LLC lessened its holdings in Trex Company, Inc. (NYSE:TREX) by 79.4% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 7,440 shares of the construction company’s stock after selling 28,595 shares during the quarter. Lisanti Capital Growth LLC’s holdings in Trex were worth $616,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Redwood Investments LLC purchased a new stake in Trex during the 4th quarter valued at $2,271,000. WCM Investment Management LLC boosted its holdings in shares of Trex by 9.4% during the fourth quarter. WCM Investment Management LLC now owns 251,159 shares of the construction company’s stock worth $21,027,000 after purchasing an additional 21,486 shares during the period. Jacobs Levy Equity Management Inc. bought a new stake in shares of Trex in the third quarter worth about $4,053,000. Motley Fool Wealth Management LLC purchased a new position in Trex during the 4th quarter valued at about $8,590,000. Finally, Quantbot Technologies LP raised its position in Trex by 81.8% during the 3rd quarter. Quantbot Technologies LP now owns 63,876 shares of the construction company’s stock valued at $3,937,000 after purchasing an additional 28,746 shares during the last quarter. 95.96% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several research firms have recently issued reports on TREX. The Goldman Sachs Group boosted their target price on Trex from $89.00 to $108.00 and gave the company a “buy” rating in a research note on Wednesday, February 28th. Truist Financial upped their price objective on shares of Trex from $70.00 to $120.00 and gave the stock a “buy” rating in a report on Tuesday, February 27th. Robert W. Baird boosted their price target on shares of Trex from $105.00 to $110.00 and gave the company a “neutral” rating in a research report on Monday, April 8th. Benchmark increased their price target on shares of Trex from $85.00 to $105.00 and gave the stock a “buy” rating in a research note on Friday, March 1st. Finally, Barclays lifted their price objective on Trex from $86.00 to $93.00 and gave the company an “underweight” rating in a research report on Thursday, April 4th. Two investment analysts have rated the stock with a sell rating, nine have given a hold rating and eight have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, Trex has an average rating of “Hold” and an average price target of $88.72.

Trex Stock Performance

Shares of NYSE:TREX traded down $0.85 during trading on Tuesday, reaching $92.52. 1,048,024 shares of the stock traded hands, compared to its average volume of 759,659. The stock has a market cap of $10.05 billion, a P/E ratio of 49.40, a price-to-earnings-growth ratio of 2.06 and a beta of 1.60. The stock has a 50-day moving average of $93.82 and a two-hundred day moving average of $82.29. Trex Company, Inc. has a 52-week low of $51.03 and a 52-week high of $101.91.

Trex (NYSE:TREX) last issued its earnings results on Monday, February 26th. The construction company reported $0.20 EPS for the quarter, beating the consensus estimate of $0.19 by $0.01. The business had revenue of $195.75 million for the quarter, compared to the consensus estimate of $193.40 million. Trex had a return on equity of 31.26% and a net margin of 18.76%. The company’s revenue was up 1.9% compared to the same quarter last year. During the same period last year, the business posted $0.23 EPS. Sell-side analysts expect that Trex Company, Inc. will post 2.22 earnings per share for the current 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.