Virtu Financial LLC Invests $628,000 in Trex Company Inc (TREX) Stock

Virtu Financial LLC bought a new position in Trex Company Inc (NYSE:TREX) during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm bought 10,203 shares of the construction company’s stock, valued at approximately $628,000.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Brown Advisory Inc. raised its stake in shares of Trex by 0.9% during the fourth quarter. Brown Advisory Inc. now owns 15,039 shares of the construction company’s stock worth $893,000 after buying an additional 129 shares during the last quarter. FMR LLC grew its stake in Trex by 27.9% during the fourth quarter. FMR LLC now owns 632 shares of the construction company’s stock worth $38,000 after buying an additional 138 shares in the last quarter. Curbstone Financial Management Corp boosted its stake in shares of Trex by 1.0% in the 1st quarter. Curbstone Financial Management Corp now owns 15,440 shares of the construction company’s stock valued at $950,000 after purchasing an additional 150 shares in the last quarter. Coldstream Capital Management Inc. boosted its stake in shares of Trex by 5.2% in the 4th quarter. Coldstream Capital Management Inc. now owns 3,936 shares of the construction company’s stock valued at $234,000 after purchasing an additional 195 shares in the last quarter. Finally, Clearbridge LLC boosted its position in Trex by 10.4% during the 4th quarter. Clearbridge LLC now owns 2,114 shares of the construction company’s stock worth $125,000 after buying an additional 200 shares during the period. Institutional investors own 94.32% of the company’s stock.

In related news, SVP William R. Gupp sold 4,306 shares of the stock in a transaction on Tuesday, February 19th. The stock was sold at an average price of $76.74, for a total value of $330,442.44. Following the completion of the sale, the senior vice president now directly owns 68,486 shares in the company, valued at approximately $5,255,615.64. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, insider James E. Cline sold 13,495 shares of the stock in a transaction on Tuesday, February 19th. The shares were sold at an average price of $77.95, for a total value of $1,051,935.25. Following the completion of the sale, the insider now owns 82,391 shares of the company’s stock, valued at $6,422,378.45. The disclosure for this sale can be found here. Insiders have sold a total of 34,344 shares of company stock worth $2,514,523 in the last quarter. 0.93% of the stock is currently owned by insiders.

A number of brokerages recently issued reports on TREX. Stifel Nicolaus upgraded Trex from a “hold” rating to a “buy” rating and boosted their price objective for the company from $70.00 to $72.00 in a research note on Thursday, March 28th. Sidoti downgraded Trex from a “buy” rating to a “neutral” rating and set a $80.00 price target for the company. in a report on Wednesday, February 20th. Zacks Investment Research raised Trex from a “sell” rating to a “hold” rating in a research report on Tuesday, January 15th. DA Davidson started coverage on Trex in a research report on Friday, April 5th. They issued a “buy” rating and a $80.00 target price on the stock. Finally, Berenberg Bank reissued a “buy” rating and set a $89.00 target price on shares of Trex in a research note on Wednesday, February 27th. Five analysts have rated the stock with a hold rating and four have given a buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus price target of $75.13.

Shares of NYSE TREX traded up $0.68 during midday trading on Friday, hitting $63.15. The stock had a trading volume of 537,412 shares, compared to its average volume of 916,796. The company has a market cap of $3.65 billion, a PE ratio of 26.87, a price-to-earnings-growth ratio of 2.61 and a beta of 1.98. Trex Company Inc has a 1 year low of $50.88 and a 1 year high of $90.74.

Trex (NYSE:TREX) last released its quarterly earnings results on Monday, April 29th. The construction company reported $0.54 EPS for the quarter, missing the consensus estimate of $0.59 by ($0.05). Trex had a return on equity of 40.07% and a net margin of 18.63%. The firm had revenue of $179.57 million for the quarter, compared to analysts’ expectations of $176.75 million. During the same quarter in the prior year, the business earned $0.63 earnings per share. The company’s quarterly revenue was up 4.9% on a year-over-year basis. Research analysts forecast that Trex Company Inc will post 2.39 EPS for the current fiscal year.

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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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