Teachers Advisors LLC increased its stake in Trex Company, Inc. (NYSE:TREX) by 2.4% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 51,240 shares of the construction company’s stock after buying an additional 1,218 shares during the period. Teachers Advisors LLC’s holdings in Trex were worth $3,556,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. State of Alaska Department of Revenue raised its stake in shares of Trex by 2.5% in the first quarter. State of Alaska Department of Revenue now owns 3,260 shares of the construction company’s stock valued at $226,000 after buying an additional 80 shares during the period. Flinton Capital Management LLC raised its stake in shares of Trex by 0.7% in the first quarter. Flinton Capital Management LLC now owns 21,600 shares of the construction company’s stock valued at $1,499,000 after buying an additional 144 shares during the period. Meadow Creek Investment Management LLC raised its stake in shares of Trex by 0.7% in the first quarter. Meadow Creek Investment Management LLC now owns 29,700 shares of the construction company’s stock valued at $2,061,000 after buying an additional 198 shares during the period. Louisiana State Employees Retirement System raised its stake in shares of Trex by 1.7% in the first quarter. Louisiana State Employees Retirement System now owns 12,000 shares of the construction company’s stock valued at $833,000 after buying an additional 200 shares during the period. Finally, Arizona State Retirement System raised its stake in shares of Trex by 1.3% in the first quarter. Arizona State Retirement System now owns 15,300 shares of the construction company’s stock valued at $1,062,000 after buying an additional 200 shares during the period. Institutional investors and hedge funds own 92.21% of the company’s stock.

Shares of Trex Company, Inc. (TREX) traded up 1.86% during mid-day trading on Friday, reaching $77.26. 53,790 shares of the company traded hands. The company’s 50 day moving average is $72.24 and its 200 day moving average is $69.23. Trex Company, Inc. has a 52-week low of $50.81 and a 52-week high of $82.04. The stock has a market capitalization of $2.27 billion, a price-to-earnings ratio of 29.62 and a beta of 2.36.

Trex (NYSE:TREX) last released its earnings results on Monday, July 31st. The construction company reported $0.97 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.88 by $0.09. Trex had a return on equity of 56.76% and a net margin of 15.12%. The firm had revenue of $158 million for the quarter, compared to the consensus estimate of $160.40 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 7.9% compared to the same quarter last year. On average, equities analysts forecast that Trex Company, Inc. will post $2.99 earnings per share for the current year.

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Several analysts recently issued reports on TREX shares. Zacks Investment Research upgraded shares of Trex from a “hold” rating to a “buy” rating and set a $79.00 price objective on the stock in a report on Wednesday, April 26th. Seaport Global Securities upgraded shares of Trex from a “neutral” rating to a “buy” rating and set a $74.00 price objective on the stock in a report on Thursday, June 1st. Sidoti started coverage on shares of Trex in a report on Thursday, June 15th. They issued a “buy” rating on the stock. Finally, BidaskClub upgraded shares of Trex from a “hold” rating to a “buy” rating in a report on Wednesday, July 12th. Three investment analysts have rated the stock with a hold rating, two have given a buy rating and two have given a strong buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and a consensus target price of $75.20.

In other news, Director Richard E. Posey sold 3,167 shares of the firm’s stock in a transaction dated Friday, August 4th. The stock was sold at an average price of $80.00, for a total value of $253,360.00. Following the transaction, the director now directly owns 11,795 shares in the company, valued at approximately $943,600. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CFO Bryan Horix Fairbanks sold 2,000 shares of the firm’s stock in a transaction dated Wednesday, August 2nd. The stock was sold at an average price of $75.43, for a total value of $150,860.00. Following the completion of the transaction, the chief financial officer now owns 18,167 shares in the company, valued at $1,370,336.81. The disclosure for this sale can be found here. Insiders have sold 14,644 shares of company stock worth $1,117,992 over the last quarter. 0.95% of the stock is currently owned by company insiders.

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.

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Institutional Ownership by Quarter for Trex (NYSE:TREX)

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