Stephens Investment Management Group LLC Purchases 4,151 Shares of Trex Company, Inc. (TREX)

Stephens Investment Management Group LLC lifted its position in shares of Trex Company, Inc. (NYSE:TREX) by 1.4% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 303,324 shares of the construction company’s stock after acquiring an additional 4,151 shares during the quarter. Stephens Investment Management Group LLC owned approximately 1.03% of Trex worth $27,320,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. AHL Partners LLP boosted its holdings in shares of Trex by 39.7% during the 2nd quarter. AHL Partners LLP now owns 4,617 shares of the construction company’s stock valued at $312,000 after acquiring an additional 1,311 shares in the last quarter. Eagle Asset Management Inc. boosted its holdings in shares of Trex by 4.9% during the 2nd quarter. Eagle Asset Management Inc. now owns 932,946 shares of the construction company’s stock valued at $63,123,000 after acquiring an additional 43,648 shares in the last quarter. AQR Capital Management LLC boosted its holdings in shares of Trex by 3.8% during the 1st quarter. AQR Capital Management LLC now owns 28,660 shares of the construction company’s stock valued at $1,989,000 after acquiring an additional 1,039 shares in the last quarter. Janus Henderson Group PLC acquired a new stake in shares of Trex during the 2nd quarter valued at $76,849,000. Finally, Old Mutual Global Investors UK Ltd. boosted its holdings in shares of Trex by 31,908.5% during the 2nd quarter. Old Mutual Global Investors UK Ltd. now owns 33,929 shares of the construction company’s stock valued at $2,295,000 after acquiring an additional 33,823 shares in the last quarter. 91.95% of the stock is currently owned by institutional investors.

In other Trex news, VP Jay T. Scripter sold 1,116 shares of the business’s stock in a transaction that occurred on Wednesday, November 1st. The stock was sold at an average price of $108.59, for a total transaction of $121,186.44. Following the completion of the sale, the vice president now directly owns 14,212 shares of the company’s stock, valued at approximately $1,543,281.08. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Frank H. Merlotti, Jr. sold 2,158 shares of the business’s stock in a transaction that occurred on Wednesday, November 15th. The stock was sold at an average price of $105.51, for a total value of $227,690.58. The disclosure for this sale can be found here. Insiders own 0.95% of the company’s stock.

Shares of Trex Company, Inc. (NYSE:TREX) traded up $1.99 during trading on Tuesday, reaching $110.00. The company had a trading volume of 183,500 shares, compared to its average volume of 238,396. Trex Company, Inc. has a twelve month low of $61.57 and a twelve month high of $112.39. The company has a market cap of $3,240.00, a price-to-earnings ratio of 35.65 and a beta of 2.41.

Trex (NYSE:TREX) last issued 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. Trex had a return on equity of 51.30% and a net margin of 16.61%. The business had revenue of $140.19 million during the quarter, compared to analyst estimates of $125.30 million. During the same period in the previous year, the company posted $0.26 EPS. The firm’s revenue was up 32.0% compared to the same quarter last year. research analysts forecast that Trex Company, Inc. will post 3.11 EPS for the current year.

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Several research analysts have commented on TREX shares. B. Riley reaffirmed a “neutral” rating and set a $96.00 target price (up from $80.00) on shares of Trex in a report on Wednesday, November 1st. Stifel Nicolaus reissued a “hold” rating and issued a $89.00 price objective on shares of Trex in a research note on Wednesday, November 1st. SunTrust Banks, Inc. reissued a “hold” rating and issued a $95.00 price objective on shares of Trex in a research note on Wednesday, November 1st. Zacks Investment Research raised Trex from a “sell” rating to a “buy” rating and set a $123.00 price objective on the stock in a research note on Thursday, November 2nd. Finally, Sidoti downgraded 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. Eight research analysts have rated the stock with a hold rating, one has issued a buy rating and one has given a strong buy rating to the stock. The stock has an average rating of “Hold” and a consensus target price of $90.00.

Trex Company Profile

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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Institutional Ownership by Quarter for Trex (NYSE:TREX)

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