Trex Company Inc (TREX) Holding Grow by Two Sigma Investments LP

Trex Company Inc (TREX) Holding Grow by Two Sigma Investments LP

Two Sigma Investments LP boosted its stake in shares of Trex Company Inc (NYSE:TREX) by 152.6% during the fourth quarter, Holdings Channel reports. The fund owned 20,283 shares of the company’s stock after buying an additional 12,252 shares during the period. Two Sigma Investments LP’s holdings in Trex Company were worth $1,306,000 at the end of the most recent reporting period.

Other institutional investors have also recently modified their holdings of the company. A.R.T. Advisors LLC purchased a new position in shares of Trex Company during the fourth quarter valued at approximately $218,000. Flinton Capital Management LLC bought a new position in shares of Trex Company during the fourth quarter worth approximately $1,382,000. New York State Teachers Retirement System increased its position in shares of Trex Company by 0.6% in the fourth quarter. New York State Teachers Retirement System now owns 17,333 shares of the company’s stock worth $1,116,000 after buying an additional 100 shares in the last quarter. Osterweis Capital Management Inc. increased its position in shares of Trex Company by 40.4% in the fourth quarter. Osterweis Capital Management Inc. now owns 37,329 shares of the company’s stock worth $2,404,000 after buying an additional 10,745 shares in the last quarter. Finally, Disciplined Growth Investors Inc. MN increased its position in shares of Trex Company by 8.4% in the fourth quarter. Disciplined Growth Investors Inc. MN now owns 400,409 shares of the company’s stock worth $25,786,000 after buying an additional 31,117 shares in the last quarter. Institutional investors own 92.21% of the company’s stock.

Trex Company Inc (NYSE:TREX) opened at 69.35 on Wednesday. The company has a market capitalization of $2.03 billion, a P/E ratio of 30.28 and a beta of 2.33. Trex Company Inc has a 52 week low of $39.74 and a 52 week high of $78.15. The firm has a 50-day moving average of $69.09 and a 200-day moving average of $64.45.

Trex Company (NYSE:TREX) last posted its quarterly earnings results on Tuesday, February 21st. The company reported $0.43 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.41 by $0.02. The firm had revenue of $95.30 million for the quarter, compared to the consensus estimate of $93.02 million. Trex Company had a net margin of 13.02% and a return on equity of 65.45%. The company’s revenue for the quarter was up 6.8% on a year-over-year basis. During the same period last year, the firm posted $0.26 earnings per share. Analysts anticipate that Trex Company Inc will post $2.80 EPS for the current fiscal year.

A number of brokerages have commented on TREX. Griffin Securities restated a “buy” rating on shares of Trex Company in a research note on Wednesday, March 1st. FBR & Co upped their target price on shares of Trex Company from $61.00 to $69.00 and gave the stock a “mkt perform” rating in a research note on Tuesday, February 28th. Stifel Nicolaus upped their target price on shares of Trex Company from $60.00 to $70.00 and gave the stock a “hold” rating in a research note on Wednesday, February 22nd. Zacks Investment Research downgraded shares of Trex Company from a “buy” rating to a “hold” rating in a research note on Wednesday, February 15th. Finally, Wedbush upped their target price on shares of Trex Company from $55.00 to $58.00 and gave the stock a “neutral” rating in a research note on Tuesday, January 17th. Six equities research analysts have rated the stock with a hold rating and one has issued a buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus target price of $68.50.

In other news, VP Christopher Paul Gerhard sold 4,475 shares of the firm’s stock in a transaction dated Monday, February 27th. The shares were sold at an average price of $68.41, for a total value of $306,134.75. Following the transaction, the vice president now directly owns 16,118 shares of the company’s stock, valued at $1,102,632.38. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, SVP William R. Gupp sold 3,500 shares of the firm’s stock in a transaction dated Wednesday, February 22nd. The stock was sold at an average price of $66.60, for a total transaction of $233,100.00. Following the completion of the transaction, the senior vice president now directly owns 48,811 shares in the company, valued at $3,250,812.60. The disclosure for this sale can be found here. Over the last three months, insiders sold 24,375 shares of company stock worth $1,631,423. Insiders own 1.40% of the company’s stock.

About Trex Company

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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