Yousif Capital Management LLC Purchases 722 Shares of Trex Company, Inc. (NYSE:TREX)

Yousif Capital Management LLC boosted its stake in Trex Company, Inc. (NYSE:TREX) by 1.4% during the 4th quarter, HoldingsChannel reports. The fund owned 51,426 shares of the construction company’s stock after acquiring an additional 722 shares during the quarter. Yousif Capital Management LLC’s holdings in Trex were worth $4,258,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in the stock. Clearbridge Investments LLC lifted its position in Trex by 0.9% in the 3rd quarter. Clearbridge Investments LLC now owns 4,717,338 shares of the construction company’s stock valued at $290,730,000 after acquiring an additional 43,653 shares in the last quarter. Artisan Partners Limited Partnership lifted its position in Trex by 7.5% in the 3rd quarter. Artisan Partners Limited Partnership now owns 3,441,866 shares of the construction company’s stock valued at $212,122,000 after acquiring an additional 240,850 shares in the last quarter. Conestoga Capital Advisors LLC lifted its position in Trex by 0.7% in the 4th quarter. Conestoga Capital Advisors LLC now owns 1,886,128 shares of the construction company’s stock valued at $156,153,000 after acquiring an additional 13,545 shares in the last quarter. Lord Abbett & CO. LLC lifted its position in Trex by 97.8% in the 3rd quarter. Lord Abbett & CO. LLC now owns 1,239,723 shares of the construction company’s stock valued at $76,404,000 after acquiring an additional 612,832 shares in the last quarter. Finally, Invesco Ltd. lifted its position in Trex by 69.3% in the 3rd quarter. Invesco Ltd. now owns 921,821 shares of the construction company’s stock valued at $56,812,000 after acquiring an additional 377,377 shares in the last quarter. 95.96% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several equities research analysts recently commented on the stock. Stifel Nicolaus boosted their price objective on shares of Trex from $90.00 to $107.00 and gave the company a “buy” rating in a research report on Tuesday, February 27th. Barclays boosted their price target on shares of Trex from $86.00 to $93.00 and gave the stock an “underweight” rating in a research report on Thursday, April 4th. Truist Financial boosted their price target on shares of Trex from $70.00 to $120.00 and gave the stock a “buy” rating in a research 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 stock a “neutral” rating in a research report on Monday, April 8th. Finally, UBS Group boosted their price target on shares of Trex from $84.00 to $100.00 and gave the stock a “neutral” rating in a research report on Tuesday, February 27th. Two equities research analysts have rated the stock with a sell rating, nine have issued a hold rating and eight have given a buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $88.72.

Trex Price Performance

Trex stock opened at $90.57 on Friday. Trex Company, Inc. has a fifty-two week low of $51.03 and a fifty-two week high of $101.91. The firm has a market capitalization of $9.84 billion, a PE ratio of 47.92, a P/E/G ratio of 2.00 and a beta of 1.60. The company’s 50-day moving average is $94.05 and its 200-day moving average is $80.35.

Trex (NYSE:TREX) last announced its quarterly earnings results on Monday, February 26th. The construction company reported $0.20 EPS for the quarter, beating analysts’ consensus estimates of $0.19 by $0.01. Trex had a net margin of 18.76% and a return on equity of 31.26%. The business had revenue of $195.75 million for the quarter, compared to analyst estimates of $193.40 million. During the same quarter in the prior year, the business earned $0.23 EPS. Trex’s quarterly revenue was up 1.9% on a year-over-year basis. As a group, analysts expect that Trex Company, Inc. will post 2.22 EPS for the current year.

Trex Company 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.