UBS Asset Management Americas Inc. boosted its stake in shares of Trex Company, Inc. (NYSE:TREX) by 42.0% during the first quarter, according to its most recent Form 13F filing with the SEC. The fund owned 14,520 shares of the construction company’s stock after buying an additional 4,295 shares during the period. UBS Asset Management Americas Inc.’s holdings in Trex were worth $1,008,000 as of its most recent filing with the SEC.

Several other institutional investors also recently made changes to their positions in TREX. Zurcher Kantonalbank Zurich Cantonalbank boosted its position in shares of Trex by 10.5% in the first quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 8,786 shares of the construction company’s stock worth $610,000 after buying an additional 838 shares during the period. LS Investment Advisors LLC boosted its position in shares of Trex by 153.6% in the first quarter. LS Investment Advisors LLC now owns 2,949 shares of the construction company’s stock worth $205,000 after buying an additional 1,786 shares during the period. Comerica Bank boosted its position in shares of Trex by 4.0% in the first quarter. Comerica Bank now owns 32,784 shares of the construction company’s stock worth $2,452,000 after buying an additional 1,274 shares during the period. Bank of New York Mellon Corp boosted its position in shares of Trex by 0.4% in the first quarter. Bank of New York Mellon Corp now owns 402,015 shares of the construction company’s stock worth $27,897,000 after buying an additional 1,536 shares during the period. Finally, Elkfork Partners LLC boosted its position in shares of Trex by 0.7% in the first quarter. Elkfork Partners LLC now owns 45,900 shares of the construction company’s stock worth $3,185,000 after buying an additional 306 shares during the period. Hedge funds and other institutional investors own 92.61% of the company’s stock.

Shares of Trex Company, Inc. (NYSE:TREX) opened at 70.36 on Tuesday. The company’s 50 day moving average price is $66.02 and its 200-day moving average price is $68.04. The company has a market capitalization of $2.07 billion, a price-to-earnings ratio of 28.74 and a beta of 2.34. Trex Company, Inc. has a 52 week low of $47.38 and a 52 week high of $78.15.

Trex (NYSE:TREX) last issued its quarterly earnings data on Thursday, May 4th. The construction company reported $0.95 earnings per share for the quarter, topping the consensus estimate of $0.88 by $0.07. Trex had a return on equity of 61.02% and a net margin of 14.35%. The company had revenue of $144.80 million during the quarter, compared to analyst estimates of $144.26 million. During the same period in the prior year, the business posted $0.79 earnings per share. The firm’s revenue for the quarter was up 9.9% compared to the same quarter last year. Analysts anticipate that Trex Company, Inc. will post $2.85 earnings per share for the current fiscal year.

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A number of equities analysts have recently commented on the company. Stifel Nicolaus reiterated a “hold” rating and issued a $70.00 target price on shares of Trex in a report on Friday. BidaskClub upgraded Trex from a “hold” rating to a “buy” rating in a report on Wednesday, July 12th. Sidoti assumed coverage on Trex in a report on Thursday, June 15th. They issued a “buy” rating for the company. Zacks Investment Research upgraded Trex from a “hold” rating to a “buy” rating and set a $75.00 target price for the company in a report on Thursday, June 15th. Finally, Seaport Global Securities upgraded Trex from a “neutral” rating to a “buy” rating and set a $74.00 target price for the company in a report on Thursday, June 1st. Three research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. Trex has an average rating of “Buy” and an average target price of $69.20.

In other news, SVP William R. Gupp sold 3,500 shares of the stock in a transaction on Wednesday, May 10th. The stock was sold at an average price of $64.78, for a total value of $226,730.00. Following the sale, the senior vice president now directly owns 41,811 shares in the company, valued at $2,708,516.58. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director Frank H. Merlotti, Jr. sold 2,057 shares of the stock in a transaction on Wednesday, May 17th. The shares were sold at an average price of $63.81, for a total value of $131,257.17. Following the completion of the sale, the director now owns 11,718 shares in the company, valued at $747,725.58. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 20,557 shares of company stock valued at $1,332,987. Company insiders own 0.95% of the company’s stock.

Trex Company Profile

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.

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Institutional Ownership by Quarter for Trex (NYSE:TREX)

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