Trex Company Inc (TREX) Shares Bought by California Public Employees Retirement System

California Public Employees Retirement System boosted its position in shares of Trex Company Inc (NYSE:TREX) by 4.1% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 125,798 shares of the construction company’s stock after acquiring an additional 4,998 shares during the period. California Public Employees Retirement System owned 0.43% of Trex worth $11,331,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in the business. AHL Partners LLP increased 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 worth $312,000 after purchasing an additional 1,311 shares during the period. U S Global Investors Inc. bought a new position in shares of Trex during the 3rd quarter worth about $1,441,000. Eagle Asset Management Inc. increased 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 worth $63,123,000 after purchasing an additional 43,648 shares during the period. Janus Henderson Group PLC bought a new position in shares of Trex during the 2nd quarter worth about $76,849,000. Finally, Old Mutual Global Investors UK Ltd. increased 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 worth $2,295,000 after purchasing an additional 33,823 shares during the period. 88.92% of the stock is owned by hedge funds and other institutional investors.

Shares of Trex Company Inc (NYSE TREX) opened at $108.77 on Thursday. The firm has a market cap of $3,140.00, a PE ratio of 35.31 and a beta of 2.43. Trex Company Inc has a 52 week low of $61.57 and a 52 week high of $118.65.

Trex (NYSE:TREX) last posted its earnings results on Monday, October 30th. The construction company reported $0.68 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.55 by $0.13. The business had revenue of $140.19 million for the quarter, compared to analysts’ expectations of $125.30 million. Trex had a net margin of 16.61% and a return on equity of 51.30%. The firm’s revenue for the quarter was up 32.0% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.26 earnings per share. equities analysts anticipate that Trex Company Inc will post 3.11 earnings per share for the current fiscal year.

TREX has been the topic of several research reports. Stifel Nicolaus dropped their price objective on shares of Trex from $100.00 to $89.00 and set a “hold” rating on the stock in a report on Friday, December 8th. BidaskClub upgraded shares of Trex from a “buy” rating to a “strong-buy” rating in a report on Friday, September 1st. Zacks Investment Research cut shares of Trex from a “buy” rating to a “hold” rating in a research note on Saturday, November 11th. B. Riley reissued a “hold” rating and issued a $96.00 target price on shares of Trex in a research note on Wednesday, November 8th. Finally, SunTrust Banks reissued a “hold” rating and issued a $95.00 target price on shares of Trex in a research note on Wednesday, November 1st. Eight equities research analysts have rated the stock with a hold rating, one has given a buy rating and one has assigned a strong buy rating to the company. The company presently has an average rating of “Hold” and an average price target of $90.00.

In other Trex news, VP Jay T. Scripter sold 1,116 shares of the company’s stock in a transaction dated Wednesday, November 1st. The shares were sold at an average price of $108.59, for a total transaction of $121,186.44. Following the sale, the vice president now directly owns 14,212 shares of the company’s stock, valued at $1,543,281.08. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, Director Jay M. Gratz sold 1,418 shares of the company’s stock in a transaction dated Tuesday, December 5th. The stock was sold at an average price of $111.05, for a total transaction of $157,468.90. Following the sale, the director now directly owns 8,901 shares in the company, valued at $988,456.05. The disclosure for this sale can be found here. In the last three months, insiders sold 7,014 shares of company stock worth $764,529. 0.95% of the stock is currently owned by insiders.

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About Trex

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.

Institutional Ownership by Quarter for Trex (NYSE:TREX)

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