Robecosam AG Acquires Shares of 4,218 Trex Company Inc (NYSE:TREX)

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Robecosam AG acquired a new stake in shares of Trex Company Inc (NYSE:TREX) in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 4,218 shares of the construction company’s stock, valued at approximately $294,000.

A number of other institutional investors and hedge funds have also recently made changes to their positions in TREX. William Blair Investment Management LLC grew its stake in shares of Trex by 69.1% during the first quarter. William Blair Investment Management LLC now owns 2,864,456 shares of the construction company’s stock worth $176,221,000 after buying an additional 1,170,545 shares during the last quarter. Wasatch Advisors Inc. grew its stake in shares of Trex by 11.0% during the first quarter. Wasatch Advisors Inc. now owns 2,108,330 shares of the construction company’s stock worth $129,704,000 after buying an additional 208,121 shares during the last quarter. Dimensional Fund Advisors LP grew its stake in shares of Trex by 2.8% during the fourth quarter. Dimensional Fund Advisors LP now owns 1,403,288 shares of the construction company’s stock worth $83,298,000 after buying an additional 37,952 shares during the last quarter. JPMorgan Chase & Co. grew its stake in shares of Trex by 13.1% during the first quarter. JPMorgan Chase & Co. now owns 1,273,936 shares of the construction company’s stock worth $78,372,000 after buying an additional 147,097 shares during the last quarter. Finally, Conestoga Capital Advisors LLC grew its stake in shares of Trex by 1.7% during the first quarter. Conestoga Capital Advisors LLC now owns 1,179,679 shares of the construction company’s stock worth $72,574,000 after buying an additional 19,237 shares during the last quarter. Institutional investors and hedge funds own 94.42% of the company’s stock.

TREX has been the topic of several analyst reports. DA Davidson boosted their price objective on shares of Trex to $87.00 and gave the stock a “buy” rating in a research note on Tuesday, July 30th. Sidoti cut shares of Trex from a “buy” rating to a “neutral” rating and set a $84.00 price objective on the stock. in a research note on Tuesday, August 6th. They noted that the move was a valuation call. Stephens set a $90.00 price objective on shares of Trex and gave the stock a “hold” rating in a research note on Wednesday, July 31st. SunTrust Banks boosted their price objective on shares of Trex to $70.00 and gave the stock a “hold” rating in a research note on Tuesday, July 30th. Finally, B. Riley cut shares of Trex from a “buy” rating to a “neutral” rating and reduced their price objective for the stock from $80.00 to $72.00 in a research note on Tuesday, April 30th. Seven research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average price target of $77.78.

Shares of Trex stock traded down $2.80 during trading on Wednesday, hitting $81.19. The company’s stock had a trading volume of 17,506 shares, compared to its average volume of 855,734. The company has a debt-to-equity ratio of 0.09, a quick ratio of 2.99 and a current ratio of 3.51. Trex Company Inc has a 52 week low of $50.88 and a 52 week high of $90.74. The stock has a market capitalization of $4.91 billion, a PE ratio of 34.74, a price-to-earnings-growth ratio of 3.43 and a beta of 2.12. The firm’s 50-day moving average is $73.84.

Trex (NYSE:TREX) last issued its quarterly earnings data on Monday, July 29th. The construction company reported $0.64 earnings per share for the quarter, hitting the consensus estimate of $0.64. Trex had a net margin of 17.61% and a return on equity of 35.94%. The company had revenue of $206.45 million for the quarter, compared to analysts’ expectations of $201.70 million. During the same quarter in the previous year, the firm posted $0.73 earnings per share. Trex’s revenue for the quarter was down .1% on a year-over-year basis. Analysts predict that Trex Company Inc will post 2.38 EPS for the current fiscal year.

In related news, insider James E. Cline sold 11,144 shares of the business’s stock in a transaction 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 transaction, the insider now owns 89,408 shares in the company, valued at $7,363,642.88. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, VP Jay T. Scripter sold 23,762 shares of the business’s stock in a transaction on Monday, June 10th. The shares were sold at an average price of $69.19, for a total transaction of $1,644,092.78. Following the completion of the transaction, the vice president now owns 573 shares in the company, valued at approximately $39,645.87. The disclosure for this sale can be found here. In the last 90 days, insiders sold 87,275 shares of company stock worth $6,487,036. 0.93% of the stock is owned by company insiders.

About Trex

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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