Cim LLC acquired a new stake in shares of Trex Company Inc (NYSE:TREX) in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm acquired 5,486 shares of the construction company’s stock, valued at approximately $595,000.
A number of other hedge funds also recently bought and sold shares of TREX. AHL Partners LLP lifted its position in Trex by 39.7% during the second quarter. AHL Partners LLP now owns 4,617 shares of the construction company’s stock valued at $312,000 after purchasing an additional 1,311 shares in the last quarter. U S Global Investors Inc. bought a new stake in Trex during the third quarter worth approximately $1,441,000. Bamco Inc. NY increased its stake in Trex by 4.4% during the third quarter. Bamco Inc. NY now owns 1,185,205 shares of the construction company’s stock worth $106,751,000 after acquiring an additional 49,870 shares during the last quarter. JPMorgan Chase & Co. increased its stake in Trex by 1.4% during the third quarter. JPMorgan Chase & Co. now owns 465,162 shares of the construction company’s stock worth $41,507,000 after acquiring an additional 6,402 shares during the last quarter. Finally, Janus Henderson Group PLC bought a new stake in Trex during the second quarter worth approximately $76,849,000. 88.73% of the stock is owned by institutional investors.
Trex Company Inc (NYSE:TREX) traded up $0.68 on Tuesday, hitting $114.92. The stock had a trading volume of 140,100 shares, compared to its average volume of 291,229. The company has a market capitalization of $3,310.00, a PE ratio of 37.31 and a beta of 2.43. Trex Company Inc has a 1 year low of $61.57 and a 1 year high of $120.40.
Trex (NYSE:TREX) last released its earnings results on Monday, October 30th. The construction company reported $0.68 EPS for the quarter, beating analysts’ consensus estimates of $0.55 by $0.13. The firm had revenue of $140.19 million for the quarter, compared to analysts’ expectations of $125.30 million. Trex had a return on equity of 51.30% and a net margin of 16.61%. The company’s quarterly revenue was up 32.0% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.26 earnings per share. research analysts expect that Trex Company Inc will post 3.14 earnings per share for the current fiscal year.
Several equities research analysts have weighed in on TREX shares. FBR & Co boosted their price objective on Trex from $80.00 to $96.00 and gave the stock a “neutral” rating in a research note on Tuesday, October 31st. Stifel Nicolaus reduced their price objective on Trex from $100.00 to $89.00 and set a “hold” rating on the stock in a research note on Friday, December 8th. Zacks Investment Research cut Trex from a “buy” rating to a “hold” rating in a research note on Saturday, November 11th. B. Riley reissued a “hold” rating and set a $96.00 price objective on shares of Trex in a research note on Wednesday, November 8th. Finally, Sidoti cut Trex from a “buy” rating to a “neutral” rating and set a $89.00 price objective on the stock. in a research note on Monday, October 2nd. Five equities research analysts have rated the stock with a hold rating, three have issued a buy rating and one has issued a strong buy rating to the stock. The company has a consensus rating of “Buy” and a consensus price target of $99.00.
In related news, Director Jay M. Gratz sold 1,418 shares of the business’s stock in a transaction that occurred on Tuesday, December 5th. The stock was sold at an average price of $111.05, for a total value of $157,468.90. Following the completion of the sale, the director now owns 8,901 shares in the company, valued at $988,456.05. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Jay M. Gratz sold 1,058 shares of the business’s stock in a transaction that occurred on Tuesday, January 16th. The shares were sold at an average price of $116.95, for a total value of $123,733.10. Following the completion of the sale, the director now owns 8,801 shares of the company’s stock, valued at approximately $1,029,276.95. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 8,072 shares of company stock worth $888,262. Insiders own 0.95% of the company’s stock.
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Trex Company, Inc is a manufacturer of wood-alternative decking and railing products. The Company’s products are marketed under the brand name Trex and are manufactured in the United States. It offers a set of outdoor living products in the decking, railing, porch, fencing, trim, steel deck framing and outdoor lighting categories.
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