Charles Schwab Investment Management Inc. Has $34.34 Million Stake in Trex Company, Inc. $TREX

by · The Cerbat Gem

Charles Schwab Investment Management Inc. lifted its position in shares of Trex Company, Inc. (NYSE:TREX – Free Report) by 12.6% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 978,918 shares of the construction company’s stock after purchasing an additional 109,597 shares during the quarter. Charles Schwab Investment Management Inc.’s holdings in Trex were worth $34,340,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of TREX. AQR Capital Management LLC raised its position 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. raised its position in shares of Trex by 91.3% during the first quarter. Goldman Sachs Group Inc. now owns 822,772 shares of the construction company’s stock worth $47,803,000 after purchasing an additional 392,715 shares during the period. Hsbc Holdings PLC raised its position in shares of Trex by 6.3% during the second quarter. Hsbc Holdings PLC now owns 5,403 shares of the construction company’s stock worth $294,000 after purchasing an additional 322 shares during the period. First Trust Advisors LP raised its position in shares of Trex by 535.1% during the second quarter. First Trust Advisors LP now owns 22,038 shares of the construction company’s stock worth $1,198,000 after purchasing an additional 18,568 shares during the period. Finally, Jump Financial LLC acquired a new position in shares of Trex during the second quarter worth approximately $1,055,000. 95.96% of the stock is owned by institutional investors and hedge funds.

Trex Stock Performance

TREX stock opened at $37.44 on Friday. The company has a market capitalization of $3.89 billion, a P/E ratio of 20.91, a price-to-earnings-growth ratio of 7.59 and a beta of 1.51. Trex Company, Inc. has a 52-week low of $29.77 and a 52-week high of $68.78. The business has a 50-day simple moving average of $38.59 and a two-hundred day simple moving average of $38.69.

Trex (NYSE:TREX – Get Free Report) last posted its earnings results on Thursday, May 7th. The construction company reported $0.59 EPS for the quarter, topping the consensus estimate of $0.51 by $0.08. Trex had a net margin of 16.25% and a return on equity of 19.66%. 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 firm earned $0.60 EPS. The company’s quarterly revenue was up 1.0% compared to the same quarter last year. As a group, sell-side analysts forecast that Trex Company, Inc. will post 1.68 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of research firms have issued reports on TREX. Zacks Research upgraded Trex from a “strong sell” rating to a “hold” rating in a research note on Tuesday, February 3rd. Benchmark downgraded Trex from a “buy” rating to a “hold” rating in a research note on Wednesday, February 11th. Weiss Ratings upgraded Trex from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Monday, May 11th. UBS Group reiterated a “buy” rating and set a $59.00 price target (up from $58.00) on shares of Trex in a research note on Friday, May 8th. Finally, Stifel Nicolaus lifted their price target on Trex from $40.00 to $44.00 and gave the company a “hold” rating in a research note on Monday, May 11th. Ten equities research analysts have rated the stock with a Buy rating, ten have given a Hold rating and two have given a Sell rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Hold” and an average price target of $47.26.

Check Out Our Latest Stock Analysis on Trex

Trex Profile

(Free Report)

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.

Further Reading

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