Trex Company, Inc. (TREX) Can’t Be More Safe. Trades Significantly Higher

Trex Company, Inc. (NYSE:TREX) Logo

Investors sentiment increased to 1.22 in Q1 2019. Its up 0.05, from 1.17 in 2018Q4. It improved, as 30 investors sold Trex Company, Inc. shares while 80 reduced holdings. 55 funds opened positions while 79 raised stakes. 51.33 million shares or 1.82% less from 52.29 million shares in 2018Q4 were reported.
Brown Advisory has 14,830 shares. Oberweis Asset Management has invested 1.06% in Trex Company, Inc. (NYSE:TREX). Goldman Sachs Gp reported 174,343 shares stake. Gsa Cap Prns Limited Liability Partnership holds 13,714 shares or 0.09% of its portfolio. The North Carolina-based Bancorporation Of America Corp De has invested 0% in Trex Company, Inc. (NYSE:TREX). Hanson Mcclain holds 400 shares or 0% of its portfolio. The California-based Aperio Gru Limited Co has invested 0.01% in Trex Company, Inc. (NYSE:TREX). The Florida-based Raymond James And Assoc has invested 0.01% in Trex Company, Inc. (NYSE:TREX). Cim Mangement stated it has 0.14% in Trex Company, Inc. (NYSE:TREX). Manufacturers Life Insur The holds 0.01% of its portfolio in Trex Company, Inc. (NYSE:TREX) for 135,368 shares. Brinker has 0.01% invested in Trex Company, Inc. (NYSE:TREX) for 5,054 shares. Alyeska Inv Grp L P, Illinois-based fund reported 13,753 shares. Benjamin F Edwards & accumulated 6,360 shares. Eaton Vance Management holds 177,895 shares. Moreover, Public Employees Retirement Sys Of Ohio has 0.02% invested in Trex Company, Inc. (NYSE:TREX) for 65,326 shares.

The stock of Trex Company, Inc. (NYSE:TREX) is a huge mover today! The stock increased 2.96% or $2.41 during the last trading session, reaching $83.86. About 680,373 shares traded. Trex Company, Inc. (NYSE:TREX) has risen 27.52% since August 15, 2018 and is uptrending. It has outperformed by 27.52% the S&P500.
The move comes after 6 months positive chart setup for the $4.90 billion company. It was reported on Aug, 15 by Barchart.com. We have $88.05 PT which if reached, will make NYSE:TREX worth $244.95M more.

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

Among 3 analysts covering Trex Co (NYSE:TREX), 3 have Buy rating, 0 Sell and 0 Hold. Therefore 100% are positive. Trex Co has $89 highest and $72 lowest target. $80.25’s average target is -4.30% below currents $83.86 stock price. Trex Co had 11 analyst reports since February 20, 2019 according to SRatingsIntel. On Friday, March 29 the stock rating was upgraded by Sidoti to “Buy”. The stock has “Buy” rating by Berenberg on Tuesday, February 26. On Thursday, March 28 the stock rating was upgraded by Stifel Nicolaus to “Buy”.

More notable recent Trex Company, Inc. (NYSE:TREX) news were published by: Finance.Yahoo.com which released: “Why National Oilwell Varco, Trex, and Chegg Jumped Today – Yahoo Finance” on July 30, 2019, also Finance.Yahoo.com with their article: “Did Hedge Funds Drop The Ball On Trex Company, Inc. (TREX) ? – Yahoo Finance” published on April 25, 2019, Seekingalpha.com published: “Trex Q1 earnings miss reflects new product start-up costs – Seeking Alpha” on April 29, 2019. More interesting news about Trex Company, Inc. (NYSE:TREX) were released by: Benzinga.com and their article: “Benzinga’s Top Upgrades, Downgrades For August 6, 2019 – Benzinga” published on August 06, 2019 as well as Finance.Yahoo.com‘s news article titled: “Here’s Why Trex Stock Surged 20% Today – Yahoo Finance” with publication date: July 30, 2019.

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 $4.90 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 40.53 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.

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

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