Lisanti Capital Growth LLC Boosts Stake in Trex Company Inc (TREX)

Lisanti Capital Growth LLC lifted its stake in shares of Trex Company Inc (NYSE:TREX) by 322.8% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 33,995 shares of the construction company’s stock after buying an additional 25,955 shares during the period. Lisanti Capital Growth LLC owned approximately 0.06% of Trex worth $2,617,000 at the end of the most recent quarter.

Several other large investors also recently bought and sold shares of TREX. BlackRock Inc. lifted its stake in shares of Trex by 111.2% during the second quarter. BlackRock Inc. now owns 8,768,747 shares of the construction company’s stock worth $548,836,000 after buying an additional 4,616,478 shares during the period. Wasatch Advisors Inc. raised its holdings in shares of Trex by 114.1% during the second quarter. Wasatch Advisors Inc. now owns 1,819,058 shares of the construction company’s stock worth $113,855,000 after purchasing an additional 969,587 shares during the last quarter. Eagle Asset Management Inc. raised its holdings in shares of Trex by 95.1% during the second quarter. Eagle Asset Management Inc. now owns 1,903,782 shares of the construction company’s stock worth $119,157,000 after purchasing an additional 928,019 shares during the last quarter. Conestoga Capital Advisors LLC raised its holdings in shares of Trex by 113.0% during the second quarter. Conestoga Capital Advisors LLC now owns 1,385,177 shares of the construction company’s stock worth $86,698,000 after purchasing an additional 734,753 shares during the last quarter. Finally, Carillon Tower Advisers Inc. raised its holdings in shares of Trex by 106.0% during the second quarter. Carillon Tower Advisers Inc. now owns 1,311,900 shares of the construction company’s stock worth $82,111,000 after purchasing an additional 674,991 shares during the last quarter. Institutional investors and hedge funds own 89.03% of the company’s stock.

In other Trex news, Director Frank H. Merlotti, Jr. sold 3,051 shares of Trex stock in a transaction on Thursday, August 16th. The shares were sold at an average price of $77.39, for a total value of $236,116.89. Following the completion of the transaction, the director now owns 24,242 shares of the company’s stock, valued at $1,876,088.38. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, VP Christopher Paul Gerhard sold 2,990 shares of Trex stock in a transaction on Wednesday, August 22nd. The shares were sold at an average price of $83.58, for a total transaction of $249,904.20. The disclosure for this sale can be found here. 0.95% of the stock is currently owned by insiders.

Shares of Trex stock opened at $64.38 on Friday. Trex Company Inc has a 1 year low of $50.72 and a 1 year high of $90.74. The firm has a market cap of $3.96 billion, a P/E ratio of 40.75 and a beta of 2.25.

Trex (NYSE:TREX) last issued its earnings results on Monday, October 29th. The construction company reported $0.57 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.52 by $0.05. Trex had a net margin of 19.16% and a return on equity of 46.55%. The firm had revenue of $166.38 million during the quarter, compared to analysts’ expectations of $173.10 million. During the same quarter last year, the company posted $0.68 earnings per share. The firm’s revenue was up 18.7% compared to the same quarter last year. As a group, analysts forecast that Trex Company Inc will post 2.29 EPS for the current year.

TREX has been the subject of several recent research reports. Sidoti raised shares of Trex from a “neutral” rating to a “buy” rating in a report on Tuesday, October 30th. Zacks Investment Research cut shares of Trex from a “buy” rating to a “hold” rating in a report on Thursday, November 1st. Finally, SunTrust Banks reduced their target price on shares of Trex to $58.00 and set a “hold” rating for the company in a report on Tuesday, October 30th. Four analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. Trex presently has a consensus rating of “Hold” and a consensus price target of $36.35.

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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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