Oppenheimer & Co. Inc. bought a new position in shares of Trex Company, Inc. (NYSE:TREX) in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 4,010 shares of the construction company’s stock, valued at approximately $271,000.

Several other institutional investors and hedge funds have also recently bought and sold shares of the company. BlackRock Inc. lifted its holdings in shares of Trex by 132,134.8% during the first quarter. BlackRock Inc. now owns 3,715,799 shares of the construction company’s stock worth $257,840,000 after buying an additional 3,712,989 shares in the last quarter. Vanguard Group Inc. lifted its holdings in shares of Trex by 6.5% during the first quarter. Vanguard Group Inc. now owns 3,251,958 shares of the construction company’s stock worth $225,653,000 after buying an additional 197,846 shares in the last quarter. Clearbridge Investments LLC lifted its holdings in shares of Trex by 43.3% during the first quarter. Clearbridge Investments LLC now owns 1,834,959 shares of the construction company’s stock worth $127,328,000 after buying an additional 554,073 shares in the last quarter. Eagle Asset Management Inc. lifted its holdings in shares of Trex by 4.9% during the second quarter. Eagle Asset Management Inc. now owns 932,946 shares of the construction company’s stock worth $63,123,000 after buying an additional 43,648 shares in the last quarter. Finally, State Street Corp lifted its holdings in shares of Trex by 7.7% during the first quarter. State Street Corp now owns 691,675 shares of the construction company’s stock worth $47,999,000 after buying an additional 49,301 shares in the last quarter. 91.82% of the stock is owned by institutional investors.

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In other Trex news, Director Frank H. Merlotti, Jr. sold 2,093 shares of the company’s stock in a transaction dated Wednesday, August 16th. The stock was sold at an average price of $75.71, for a total value of $158,461.03. Following the transaction, the director now directly owns 12,640 shares in the company, valued at approximately $956,974.40. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Bryan Horix Fairbanks sold 2,000 shares of the company’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 a total of 14,680 shares of company stock worth $1,145,196 in the last three months. 0.95% of the stock is currently owned by insiders.

Trex Company, Inc. (NYSE:TREX) opened at 80.36 on Wednesday. The company has a market cap of $2.36 billion, a PE ratio of 30.81 and a beta of 2.32. Trex Company, Inc. has a 12 month low of $50.81 and a 12 month high of $84.28. The company has a 50 day moving average price of $76.95 and a 200-day moving average price of $70.85.

Trex (NYSE:TREX) last issued its quarterly earnings data on Monday, July 31st. The construction company reported $0.97 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.88 by $0.09. The business had revenue of $158.00 million for the quarter, compared to analysts’ expectations of $160.40 million. Trex had a return on equity of 56.76% and a net margin of 15.12%. The firm’s quarterly revenue was up 7.9% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.79 EPS. Equities analysts predict that Trex Company, Inc. will post $2.99 earnings per share for the current fiscal year.

TREX has been the topic of a number of recent analyst reports. BidaskClub upgraded Trex from a “buy” rating to a “strong-buy” rating in a research report on Friday, September 1st. Zacks Investment Research upgraded Trex from a “hold” rating to a “strong-buy” rating and set a $89.00 price target on the stock in a research report on Thursday, August 3rd. Stifel Nicolaus restated a “hold” rating and issued a $75.00 price target on shares of Trex in a research report on Thursday, August 3rd. Griffin Securities cut Trex from a “buy” rating to a “neutral” rating in a research report on Tuesday, August 1st. Finally, FBR & Co raised their price target on Trex from $69.00 to $80.00 and gave the stock a “mkt perform” rating in a research report on Tuesday, August 1st. Three research analysts have rated the stock with a hold rating, two have assigned a buy rating and two have assigned a strong buy rating to the stock. The company has an average rating of “Buy” and an average target price of $75.20.

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.

Institutional Ownership by Quarter for Trex (NYSE:TREX)

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