TrimTabs Asset Management LLC Purchases Shares of 14,000 Trex Company Inc (NYSE:TREX)

TrimTabs Asset Management LLC purchased a new stake in Trex Company Inc (NYSE:TREX) during the third quarter, HoldingsChannel.com reports. The firm purchased 14,000 shares of the construction company’s stock, valued at approximately $1,273,000.

Other large investors have also recently added to or reduced their stakes in the company. TRUE Private Wealth Advisors acquired a new position in Trex in the second quarter valued at about $43,000. Advisor Group Inc. boosted its position in Trex by 31.6% in the second quarter. Advisor Group Inc. now owns 1,009 shares of the construction company’s stock valued at $72,000 after buying an additional 242 shares in the last quarter. ETF Managers Group LLC boosted its position in Trex by 6.0% in the second quarter. ETF Managers Group LLC now owns 2,790 shares of the construction company’s stock valued at $194,000 after buying an additional 159 shares in the last quarter. DAVENPORT & Co LLC acquired a new position in Trex in the second quarter valued at about $227,000. Finally, Cullinan Associates Inc. acquired a new position in Trex in the second quarter valued at about $229,000. Hedge funds and other institutional investors own 96.86% of the company’s stock.

A number of brokerages have recently issued reports on TREX. Sidoti lowered shares of Trex from a “buy” rating to a “neutral” rating and set a $84.00 target price on the stock. in a research report on Tuesday, August 6th. They noted that the move was a valuation call. Zacks Investment Research lowered shares of Trex from a “buy” rating to a “hold” rating in a research report on Saturday, July 27th. William Blair began coverage on shares of Trex in a research report on Thursday, August 22nd. They set an “outperform” rating on the stock. ValuEngine lowered shares of Trex from a “sell” rating to a “strong sell” rating in a research report on Wednesday, October 2nd. Finally, Berenberg Bank reiterated a “buy” rating and set a $80.00 target price on shares of Trex in a research report on Tuesday, July 30th. One analyst has rated the stock with a sell rating, six have given a hold rating and four have given a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average price target of $81.00.



In other news, insider James E. Cline sold 11,144 shares of the company’s stock in a transaction that occurred on Tuesday, July 30th. The shares were sold at an average price of $82.36, for a total value of $917,819.84. Following the completion of the transaction, the insider now owns 89,408 shares in the company, valued at $7,363,642.88. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, SVP William R. Gupp sold 4,563 shares of the company’s stock in a transaction that occurred on Tuesday, July 30th. The shares were sold at an average price of $82.04, for a total transaction of $374,348.52. Following the completion of the transaction, the senior vice president now owns 59,382 shares of the company’s stock, valued at approximately $4,871,699.28. The disclosure for this sale can be found here. Over the last three months, insiders have sold 40,572 shares of company stock valued at $3,305,927. 0.93% of the stock is currently owned by insiders.

Shares of TREX stock traded up $0.40 during trading hours on Wednesday, reaching $88.50. 9,604 shares of the company were exchanged, compared to its average volume of 790,905. The company has a debt-to-equity ratio of 0.09, a current ratio of 3.51 and a quick ratio of 2.99. The company has a market cap of $5.15 billion, a price-to-earnings ratio of 37.72, a P/E/G ratio of 3.78 and a beta of 1.97. The stock’s fifty day moving average is $87.05 and its two-hundred day moving average is $74.30. Trex Company Inc has a fifty-two week low of $50.88 and a fifty-two week high of $93.34.

Trex (NYSE:TREX) last posted its quarterly earnings results on Monday, July 29th. The construction company reported $0.64 earnings per share for the quarter, hitting the Zacks’ consensus estimate of $0.64. The business had revenue of $206.45 million during the quarter, compared to the consensus estimate of $201.70 million. Trex had a net margin of 17.61% and a return on equity of 35.94%. Trex’s revenue for the quarter was down .1% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.73 earnings per share. On average, research analysts anticipate that Trex Company Inc will post 2.36 earnings per share for the current year.

Trex Profile

Trex Co, Inc engages in the manufacture of wood-alternative decking and railing. Its products include deck framing and drainage, outdoor lighting, furniture, pergola and outdoor kitchens, fencing, collections, and accessory hardware. It operates through the following segments Trex Residential Products and Trex Commercial Products.

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Institutional Ownership by Quarter for Trex (NYSE:TREX)

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