Old Mutual Global Investors UK Ltd. lifted its holdings in Trex Company, Inc. (NYSE:TREX) by 31,908.5% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 33,929 shares of the construction company’s stock after purchasing an additional 33,823 shares during the period. Old Mutual Global Investors UK Ltd. owned 0.12% of Trex worth $2,295,000 at the end of the most recent reporting period.

Several other hedge funds have also added to or reduced their stakes in TREX. PNC Financial Services Group Inc. lifted its stake in shares of Trex by 2.8% in the 1st quarter. PNC Financial Services Group Inc. now owns 2,050 shares of the construction company’s stock valued at $142,000 after purchasing an additional 56 shares during the last quarter. Victory Capital Management Inc. lifted its stake in shares of Trex by 12.9% in the 2nd quarter. Victory Capital Management Inc. now owns 2,465 shares of the construction company’s stock valued at $167,000 after purchasing an additional 282 shares during the last quarter. Ameritas Investment Partners Inc. acquired a new stake in shares of Trex in the 1st quarter valued at $177,000. LS Investment Advisors LLC lifted its stake in shares of Trex by 153.6% in the 1st quarter. LS Investment Advisors LLC now owns 2,949 shares of the construction company’s stock valued at $205,000 after purchasing an additional 1,786 shares during the last quarter. Finally, Teza Capital Management LLC acquired a new stake in shares of Trex in the 1st quarter valued at $252,000. 92.17% of the stock is owned by institutional investors and hedge funds.

Trex Company, Inc. (TREX) opened at 80.40 on Friday. The firm has a market cap of $2.36 billion, a price-to-earnings ratio of 30.83 and a beta of 2.32. The firm’s 50-day moving average is $75.86 and its 200-day moving average is $70.21. Trex Company, Inc. has a 52-week low of $50.81 and a 52-week high of $82.04.

Trex (NYSE:TREX) last announced its quarterly earnings results on Monday, July 31st. The construction company reported $0.97 EPS for the quarter, beating analysts’ consensus estimates of $0.88 by $0.09. The firm had revenue of $158 million during the quarter, compared to analysts’ expectations of $160.40 million. Trex had a net margin of 15.12% and a return on equity of 56.76%. The company’s revenue for the quarter was up 7.9% compared to the same quarter last year. During the same quarter last year, the company posted $0.79 earnings per share. Analysts forecast that Trex Company, Inc. will post $2.99 EPS for the current fiscal year.

In other Trex news, Director Richard E. Posey sold 3,167 shares of the stock in a transaction on Friday, August 4th. The shares were sold at an average price of $80.00, for a total value of $253,360.00. Following the completion of the sale, the director now owns 11,795 shares in the company, valued at $943,600. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CFO Bryan Horix Fairbanks sold 2,000 shares of the stock in a transaction on Wednesday, August 2nd. The shares were sold at an average price of $75.43, for a total transaction of $150,860.00. Following the completion of the sale, the chief financial officer now owns 18,167 shares of the company’s stock, valued at approximately $1,370,336.81. The disclosure for this sale can be found here. In the last quarter, insiders sold 14,680 shares of company stock valued at $1,145,196. Corporate insiders own 0.95% of the company’s stock.

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TREX has been the subject of a number of research analyst reports. Zacks Investment Research raised shares of Trex from a “hold” rating to a “buy” rating and set a $75.00 target price for the company in a research report on Thursday, June 15th. Seaport Global Securities raised shares of Trex from a “neutral” rating to a “buy” rating and set a $74.00 target price for the company in a research report on Thursday, June 1st. BidaskClub raised shares of Trex from a “buy” rating to a “strong-buy” rating in a research report on Monday, July 31st. Stifel Nicolaus reissued a “hold” rating and set a $70.00 target price on shares of Trex in a research report on Friday, July 14th. Finally, Sidoti initiated coverage on shares of Trex in a research report on Thursday, June 15th. They set a “buy” rating for the company. Three analysts have rated the stock with a hold rating, two have issued a buy rating and two have issued a strong buy rating to the stock. The company has a consensus rating of “Buy” and a consensus target price of $75.20.

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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