Trex Co Inc (NYSE:TREX): Institutional Investors Are Worried

May 18, 2018 - By Maria Brooks

Trex Company, Inc. (NYSE:TREX) Logo

Sentiment for Trex Co Inc (NYSE:TREX)

Trex Co Inc (NYSE:TREX) institutional sentiment decreased to 1.06 in Q4 2017. Its down -0.29, from 1.35 in 2017Q3. The ratio turned negative, as 107 funds increased or started new holdings, while 101 reduced and sold holdings in Trex Co Inc. The funds in our partner’s database now own: 25.62 million shares, down from 25.84 million shares in 2017Q3. Also, the number of funds holding Trex Co Inc in their top 10 holdings was flat from 3 to 3 for the same number . Sold All: 8 Reduced: 93 Increased: 58 New Position: 49.

Trex Company, Inc. manufactures and distributes wood/plastic composite products, and related accessories primarily for the residential and commercial decking, and railing applications in the United States. The company has market cap of $3.39 billion. It offers Trex Transcend, Trex Enhance, and Trex Select protective shells for protection against fading, staining, mold, and scratching; and Trex Hideaway, a hidden fastening system for grooved boards. It has a 35.79 P/E ratio. The firm also provides railing products, such as Trex Transcend Railing for use with Trex decking products and other decking materials; Trex Select Railing for consumers, who desire a simple clean finished look for their decks; and Trex Signature aluminum railing for contemporary look.

The stock increased 0.84% or $0.96 during the last trading session, reaching $115.25. About 10,950 shares traded. Trex Company, Inc. (NYSE:TREX) has risen 53.31% since May 18, 2017 and is uptrending. It has outperformed by 41.76% the S&P500.

Analysts await Trex Company, Inc. (NYSE:TREX) to report earnings on July, 30. They expect $1.29 EPS, up 32.99 % or $0.32 from last year’s $0.97 per share. TREX’s profit will be $37.96 million for 22.34 P/E if the $1.29 EPS becomes a reality. After $1.25 actual EPS reported by Trex Company, Inc. for the previous quarter, Wall Street now forecasts 3.20 % EPS growth.

Agf Investments America Inc. holds 3.28% of its portfolio in Trex Company, Inc. for 81,255 shares. Conestoga Capital Advisors Llc owns 670,834 shares or 2.79% of their US portfolio. Moreover, Emerald Advisers Inc Pa has 1.62% invested in the company for 387,741 shares. The Pennsylvania-based Emerald Mutual Fund Advisers Trust has invested 1.31% in the stock. Wasatch Advisors Inc, a Utah-based fund reported 845,904 shares.

Since January 1, 0001, it had 1 insider buy, and 11 sales for $7.35 million activity.

Trex Company, Inc. (NYSE:TREX) Ratings Coverage

Ratings analysis reveals 67% of Trex Company’s analysts are positive. Out of 6 Wall Street analysts rating Trex Company, 4 give it “Buy”, 0 “Sell” rating, while 2 recommend “Hold”. The lowest target is $100.0 while the high is $141. The stock’s average target of $122.67 is 6.44% above today’s ($115.25) share price. TREX was included in 11 notes of analysts from December 8, 2017. The firm has “Hold” rating by SunTrust given on Thursday, February 22. The firm earned “Buy” rating on Thursday, January 11 by Seaport Global. The company was maintained on Thursday, February 22 by Stifel Nicolaus. Sidoti upgraded Trex Company, Inc. (NYSE:TREX) rating on Tuesday, May 8. Sidoti has “Buy” rating and $141 target. The firm has “Buy” rating by B. Riley & Co given on Wednesday, January 3. The company was maintained on Friday, December 8 by Stifel Nicolaus. FBR Capital upgraded it to “Buy” rating and $125.0 target in Wednesday, January 3 report. The stock of Trex Company, Inc. (NYSE:TREX) earned “Buy” rating by B. Riley & Co on Thursday, February 22. FBR Capital maintained it with “Buy” rating and $129 target in Tuesday, May 8 report. As per Thursday, March 22, the company rating was maintained by FBR Capital.

More recent Trex Company, Inc. (NYSE:TREX) news were published by: Seekingalpha.com which released: “Trex’s (TREX) CEO James Cline on Q1 2018 Results – Earnings Call Transcript” on May 08, 2018. Also Globenewswire.com published the news titled: “Trex Company Announces Plastic Film Recycling Challenge Winners” on May 04, 2018. Foxbusiness.com‘s news article titled: “Trex Company Inc Continues to Deliver Record Growth” with publication date: May 11, 2018 was also an interesting one.

Trex Company, Inc. (NYSE:TREX) Institutional Positions Chart

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