SFE Investment Counsel Increases Holdings in Trex Company Inc (TREX)

SFE Investment Counsel boosted its holdings in shares of Trex Company Inc (NYSE:TREX) by 88.8% in the third quarter, HoldingsChannel.com reports. The fund owned 15,616 shares of the construction company’s stock after buying an additional 7,347 shares during the quarter. SFE Investment Counsel’s holdings in Trex were worth $1,202,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Wells Fargo & Company MN lifted its holdings in shares of Trex by 2.0% during the 1st quarter. Wells Fargo & Company MN now owns 35,699 shares of the construction company’s stock valued at $3,883,000 after buying an additional 703 shares during the last quarter. Russell Investments Group Ltd. lifted its holdings in shares of Trex by 11.0% during the 1st quarter. Russell Investments Group Ltd. now owns 5,459 shares of the construction company’s stock valued at $594,000 after buying an additional 543 shares during the last quarter. Sei Investments Co. lifted its holdings in shares of Trex by 90.6% during the 1st quarter. Sei Investments Co. now owns 2,390 shares of the construction company’s stock valued at $260,000 after buying an additional 1,136 shares during the last quarter. Millennium Management LLC lifted its holdings in shares of Trex by 711.0% during the 1st quarter. Millennium Management LLC now owns 135,869 shares of the construction company’s stock valued at $14,778,000 after buying an additional 119,115 shares during the last quarter. Finally, Legal & General Group Plc lifted its holdings in shares of Trex by 2.1% during the 1st quarter. Legal & General Group Plc now owns 60,883 shares of the construction company’s stock valued at $6,572,000 after buying an additional 1,242 shares during the last quarter. Hedge funds and other institutional investors own 89.81% of the company’s stock.

In related news, VP Christopher Paul Gerhard sold 2,990 shares of the business’s stock in a transaction that occurred on Wednesday, August 22nd. The stock was sold at an average price of $83.58, for a total value of $249,904.20. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Frank H. Merlotti, Jr. sold 3,051 shares of the business’s stock in a transaction that occurred on Thursday, August 16th. The stock was sold at an average price of $77.39, for a total value of $236,116.89. Following the completion of the sale, the director now owns 24,242 shares of the company’s stock, valued at $1,876,088.38. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 11,501 shares of company stock valued at $910,536. Corporate insiders own 1.17% of the company’s stock.



Shares of Trex stock traded up $0.14 during trading on Wednesday, hitting $60.18. 116,504 shares of the stock traded hands, compared to its average volume of 570,014. The firm has a market cap of $3.54 billion, a price-to-earnings ratio of 38.09 and a beta of 2.39. Trex Company Inc has a twelve month low of $48.06 and a twelve month high of $90.74.

Trex (NYSE:TREX) last announced its quarterly earnings results on Monday, October 29th. The construction company reported $0.57 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.52 by $0.05. The business had revenue of $166.38 million during the quarter, compared to analyst estimates of $173.10 million. Trex had a return on equity of 49.41% and a net margin of 19.16%. The firm’s revenue was up 18.7% on a year-over-year basis. During the same period in the previous year, the company earned $0.68 EPS. On average, equities research analysts predict that Trex Company Inc will post 2.29 EPS for the current year.

Several equities research analysts have recently issued reports on TREX shares. Sidoti lowered Trex from a “buy” rating to a “neutral” rating in a report on Friday, August 10th. SunTrust Banks reduced their price target on Trex to $58.00 and set a “hold” rating for the company in a report on Tuesday. Four analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus price target of $34.29.

Trex Company Profile

Trex Company, Inc manufactures and distributes wood/plastic composite products, and related accessories primarily for the residential and commercial decking, and railing applications in the United States. It offers Trex Transcend, Trex Enhance, and Trex Select protective shells for protection against fading, staining, mold, and scratching; and Trex Hideaway, a hidden fastening system for grooved boards.

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Institutional Ownership by Quarter for Trex (NYSE:TREX)

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