Landscape Capital Management L.L.C. Has $5.28 Million Stock Position in Trex Company, Inc. $TREX

Landscape Capital Management L.L.C. boosted its stake in shares of Trex Company, Inc. (NYSE:TREX) by 342.3% during the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 150,553 shares of the construction company’s stock after buying an additional 116,512 shares during the period. Landscape Capital Management L.L.C.’s holdings in Trex were worth $5,281,000 as of its most recent filing with the SEC.

Several other hedge funds have also recently bought and sold shares of TREX. AQR Capital Management LLC raised its holdings in shares of Trex by 3.2% in the first quarter. AQR Capital Management LLC now owns 5,642 shares of the construction company’s stock valued at $320,000 after purchasing an additional 177 shares during the last quarter. Goldman Sachs Group Inc. raised its holdings 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 purchasing an additional 392,715 shares during the last quarter. Hsbc Holdings PLC raised its holdings in shares of Trex by 6.3% in the second quarter. Hsbc Holdings PLC now owns 5,403 shares of the construction company’s stock valued at $294,000 after purchasing an additional 322 shares during the last quarter. First Trust Advisors LP raised its holdings in shares of Trex by 535.1% in the second quarter. First Trust Advisors LP now owns 22,038 shares of the construction company’s stock valued at $1,198,000 after purchasing an additional 18,568 shares during the last quarter. Finally, Jump Financial LLC acquired a new stake in shares of Trex in the second quarter valued at approximately $1,055,000. 95.96% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of analysts have recently issued reports on the stock. Loop Capital upgraded shares of Trex from a “hold” rating to a “buy” rating and lifted their price objective for the company from $45.00 to $53.00 in a report on Wednesday, February 25th. Stifel Nicolaus lifted their price objective on shares of Trex from $40.00 to $44.00 and gave the company a “hold” rating in a report on Monday, May 11th. UBS Group reiterated a “buy” rating and issued a $59.00 price objective (up from $58.00) on shares of Trex in a report on Friday, May 8th. Zelman & Associates upgraded shares of Trex from a “neutral” rating to an “outperform” rating and set a $50.00 price objective on the stock in a report on Monday, May 18th. Finally, Citigroup reiterated a “neutral” rating and issued a $43.00 price objective (down from $46.00) on shares of Trex in a report on Monday, May 11th. Eleven investment analysts have rated the stock with a Buy rating, nine have issued a Hold rating and two have assigned a Sell rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $46.42.

Trex Price Performance

TREX opened at $45.62 on Friday. The business has a fifty day simple moving average of $40.18 and a 200 day simple moving average of $39.16. Trex Company, Inc. has a 1 year low of $29.77 and a 1 year high of $68.78. The company has a market capitalization of $4.74 billion, a PE ratio of 25.49, a price-to-earnings-growth ratio of 9.25 and a beta of 1.51.

Trex (NYSE:TREX) last posted its quarterly earnings data on Thursday, May 7th. The construction company reported $0.59 earnings per share for the quarter, topping the consensus estimate of $0.51 by $0.08. Trex had a return on equity of 19.66% and a net margin of 16.25%.The firm had revenue of $343.40 million for the quarter, compared to analysts’ expectations of $339.99 million. During the same quarter last year, the business earned $0.60 EPS. The company’s quarterly revenue was up 1.0% compared to the same quarter last year. Equities analysts anticipate that Trex Company, Inc. will post 1.68 earnings per share for the current fiscal year.

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.