Public Employees Retirement System of Ohio decreased its position in Trex Company Inc (NYSE:TREX) by 4.9% in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 62,156 shares of the construction company’s stock after selling 3,170 shares during the period. Public Employees Retirement System of Ohio’s holdings in Trex were worth $4,457,000 at the end of the most recent quarter.

Several other hedge funds have also recently made changes to their positions in TREX. Dimensional Fund Advisors LP grew its holdings in shares of Trex by 2.8% in the 4th quarter. Dimensional Fund Advisors LP now owns 1,403,288 shares of the construction company’s stock valued at $83,298,000 after buying an additional 37,952 shares during the period. Geode Capital Management LLC raised its position in shares of Trex by 9.3% during the fourth quarter. Geode Capital Management LLC now owns 623,148 shares of the construction company’s stock valued at $36,990,000 after buying an additional 53,176 shares during the last quarter. Bank of Montreal Can raised its position in shares of Trex by 74.9% during the first quarter. Bank of Montreal Can now owns 4,997 shares of the construction company’s stock valued at $308,000 after buying an additional 2,140 shares during the last quarter. Rhumbline Advisers raised its position in shares of Trex by 7.0% during the first quarter. Rhumbline Advisers now owns 189,176 shares of the construction company’s stock valued at $11,638,000 after buying an additional 12,391 shares during the last quarter. Finally, Texas Permanent School Fund raised its position in shares of Trex by 4.0% during the first quarter. Texas Permanent School Fund now owns 39,969 shares of the construction company’s stock valued at $2,459,000 after buying an additional 1,521 shares during the last quarter. 96.86% of the stock is owned by institutional investors.

TREX has been the topic of several recent analyst reports. Berenberg Bank reiterated a “buy” rating and set a $80.00 price objective on shares of Trex in a research report on Tuesday, July 30th. SunTrust Banks lifted their target price on Trex to $70.00 and gave the stock a “hold” rating in a research report on Tuesday, July 30th. William Blair initiated coverage on Trex in a report on Thursday, August 22nd. They issued an “outperform” rating for the company. Sidoti downgraded shares of Trex from a “buy” rating to a “neutral” rating and set a $84.00 target price for the company. in a report on Tuesday, August 6th. They noted that the move was a valuation call. Finally, DA Davidson set a $96.00 target price on shares of Trex and gave the stock a “buy” rating in a report on Thursday, August 29th. Seven equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. The company has an average rating of “Hold” and an average price target of $78.78.

In other news, Director Jay M. Gratz sold 2,817 shares of the firm’s stock in a transaction dated Friday, September 6th. The stock was sold at an average price of $86.67, for a total transaction of $244,149.39. Following the sale, the director now owns 16,515 shares of the company’s stock, valued at approximately $1,431,355.05. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, VP Jay T. Scripter sold 25,758 shares of the firm’s stock in a transaction dated Thursday, June 20th. The stock was sold at an average price of $69.15, for a total value of $1,781,165.70. Following the sale, the vice president now directly owns 573 shares in the company, valued at approximately $39,622.95. The disclosure for this sale can be found here. Insiders have sold a total of 66,330 shares of company stock worth $5,087,092 in the last three months. Corporate insiders own 0.93% of the company’s stock.

Trex stock traded up $1.08 during midday trading on Friday, reaching $90.09. 9,393 shares of the stock traded hands, compared to its average volume of 531,801. The company has a current ratio of 3.51, a quick ratio of 2.99 and a debt-to-equity ratio of 0.09. The firm has a market cap of $5.12 billion, a PE ratio of 38.20, a price-to-earnings-growth ratio of 3.71 and a beta of 1.99. The company has a 50-day simple moving average of $82.15 and a two-hundred day simple moving average of $72.23. Trex Company Inc has a 12-month low of $50.88 and a 12-month high of $90.12.

Trex (NYSE:TREX) last issued its earnings results on Monday, July 29th. The construction company reported $0.64 earnings per share for the quarter, hitting the consensus estimate of $0.64. Trex had a return on equity of 35.94% and a net margin of 17.61%. The business had revenue of $206.45 million for the quarter, compared to analyst estimates of $201.70 million. During the same quarter last year, the company earned $0.73 EPS. The business’s quarterly revenue was down .1% on a year-over-year basis. Equities research analysts anticipate that Trex Company Inc will post 2.36 earnings per share for the current year.

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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