Trex Company Inc (NYSE:TREX) Shares Sold by LPL Financial LLC

LPL Financial LLC reduced its stake in shares of Trex Company Inc (NYSE:TREX) by 47.8% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 5,053 shares of the construction company’s stock after selling 4,621 shares during the quarter. LPL Financial LLC’s holdings in Trex were worth $300,000 as of its most recent filing with the SEC.

Several other large investors also recently made changes to their positions in the stock. Renaissance Technologies LLC boosted its position in Trex by 575.9% during the 3rd quarter. Renaissance Technologies LLC now owns 295,200 shares of the construction company’s stock valued at $22,724,000 after purchasing an additional 251,524 shares during the period. BlackRock Inc. grew its stake in Trex by 2.7% in the third quarter. BlackRock Inc. now owns 9,004,649 shares of the construction company’s stock valued at $693,177,000 after purchasing an additional 235,902 shares in the last quarter. Deutsche Bank AG grew its stake in Trex by 121.4% in the third quarter. Deutsche Bank AG now owns 319,013 shares of the construction company’s stock valued at $24,555,000 after purchasing an additional 174,898 shares in the last quarter. Morgan Stanley grew its stake in Trex by 31.6% in the third quarter. Morgan Stanley now owns 588,796 shares of the construction company’s stock valued at $45,326,000 after purchasing an additional 141,542 shares in the last quarter. Finally, Vanguard Group Inc lifted its position in shares of Trex by 2.3% in the third quarter. Vanguard Group Inc now owns 5,843,017 shares of the construction company’s stock worth $449,795,000 after buying an additional 128,870 shares during the last quarter. Institutional investors and hedge funds own 94.24% of the company’s stock.

TREX opened at $74.72 on Tuesday. Trex Company Inc has a twelve month low of $50.88 and a twelve month high of $90.74. The company has a market cap of $4.41 billion, a PE ratio of 31.80, a P/E/G ratio of 3.60 and a beta of 1.96.

Trex (NYSE:TREX) last announced its earnings results on Thursday, February 14th. The construction company reported $0.43 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.36 by $0.07. The business had revenue of $140.00 million for the quarter, compared to the consensus estimate of $131.40 million. Trex had a net margin of 19.67% and a return on equity of 45.17%. The business’s revenue for the quarter was up 14.8% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.56 earnings per share. As a group, analysts anticipate that Trex Company Inc will post 2.54 EPS for the current fiscal year.

Several equities research analysts have recently weighed in on the company. Zacks Investment Research upgraded Trex from a “hold” rating to a “buy” rating and set a $79.00 price objective on the stock in a research note on Tuesday, March 12th. DA Davidson assumed coverage on Trex in a research note on Friday, April 5th. They issued a “buy” rating and a $80.00 price target on the stock. Stifel Nicolaus upgraded Trex from a “hold” rating to a “buy” rating and increased their target price for the stock from $70.00 to $72.00 in a report on Thursday, March 28th. ValuEngine upgraded shares of Trex from a “sell” rating to a “hold” rating in a research report on Wednesday, January 2nd. Finally, Berenberg Bank reaffirmed a “buy” rating and set a $89.00 target price on shares of Trex in a research note on Wednesday, February 27th. Four equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company. The stock presently has a consensus rating of “Buy” and an average target price of $74.75.

In other Trex news, insider James E. Cline sold 13,495 shares of the company’s stock in a transaction on Tuesday, February 19th. The stock was sold at an average price of $77.95, for a total value of $1,051,935.25. Following the sale, the insider now owns 82,391 shares of the company’s stock, valued at $6,422,378.45. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, SVP William R. Gupp sold 4,306 shares of the firm’s stock in a transaction dated Tuesday, February 19th. The shares were sold at an average price of $76.74, for a total value of $330,442.44. Following the sale, the senior vice president now owns 68,486 shares in the company, valued at $5,255,615.64. The disclosure for this sale can be found here. 0.93% of the stock is owned by insiders.

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Trex Profile

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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