Trex Company Inc (TREX) Shares Sold by KBC Group NV
KBC Group NV lowered its stake in shares of Trex Company Inc (NYSE:TREX) by 34.9% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 20,068 shares of the construction company’s stock after selling 10,771 shares during the quarter. KBC Group NV owned approximately 0.07% of Trex worth $1,808,000 as of its most recent SEC filing.
A number of other large investors also recently modified their holdings of TREX. AHL Partners LLP boosted its stake in shares of Trex by 39.7% in the 2nd quarter. AHL Partners LLP now owns 4,617 shares of the construction company’s stock valued at $312,000 after purchasing an additional 1,311 shares during the last quarter. Eagle Asset Management Inc. boosted its stake in shares of Trex by 4.9% in the 2nd quarter. Eagle Asset Management Inc. now owns 932,946 shares of the construction company’s stock valued at $63,123,000 after purchasing an additional 43,648 shares during the last quarter. Janus Henderson Group PLC bought a new position in shares of Trex in the 2nd quarter valued at about $76,849,000. Old Mutual Global Investors UK Ltd. boosted its stake in shares of Trex by 31,908.5% in the 2nd quarter. Old Mutual Global Investors UK Ltd. now owns 33,929 shares of the construction company’s stock valued at $2,295,000 after purchasing an additional 33,823 shares during the last quarter. Finally, BNP Paribas Arbitrage SA boosted its stake in shares of Trex by 52.8% in the 2nd quarter. BNP Paribas Arbitrage SA now owns 9,260 shares of the construction company’s stock valued at $627,000 after purchasing an additional 3,198 shares during the last quarter. 89.09% of the stock is currently owned by hedge funds and other institutional investors.
Trex Company Inc (NYSE TREX) traded down $3.26 during trading on Tuesday, reaching $109.15. 251,700 shares of the company traded hands, compared to its average volume of 235,632. Trex Company Inc has a twelve month low of $61.57 and a twelve month high of $118.65. The company has a market cap of $3,307.65, a price-to-earnings ratio of 37.10 and a beta of 2.43.
Trex (NYSE:TREX) last announced its earnings results on Monday, October 30th. The construction company reported $0.68 EPS for the quarter, topping the consensus estimate of $0.55 by $0.13. The firm had revenue of $140.19 million for the quarter, compared to the consensus estimate of $125.30 million. Trex had a net margin of 16.61% and a return on equity of 51.30%. The business’s quarterly revenue was up 32.0% on a year-over-year basis. During the same period last year, the company posted $0.26 EPS. analysts predict that Trex Company Inc will post 3.11 EPS for the current fiscal year.
In other Trex news, VP Jay T. Scripter sold 1,116 shares of the firm’s stock in a transaction that occurred on Wednesday, November 1st. The shares were sold at an average price of $108.59, for a total transaction of $121,186.44. Following the sale, the vice president now directly owns 14,212 shares in the company, valued at approximately $1,543,281.08. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Frank H. Merlotti, Jr. sold 2,158 shares of the firm’s stock in a transaction that occurred on Wednesday, November 15th. The stock was sold at an average price of $105.51, for a total transaction of $227,690.58. The disclosure for this sale can be found here. Insiders have sold a total of 7,014 shares of company stock worth $764,529 over the last 90 days. Corporate insiders own 0.95% of the company’s stock.
Several research firms recently weighed in on TREX. Stifel Nicolaus reduced their price objective on shares of Trex from $100.00 to $89.00 and set a “hold” rating on the stock in a research note on Friday. Zacks Investment Research lowered shares of Trex from a “buy” rating to a “hold” rating in a research note on Saturday, November 11th. B. Riley reissued a “hold” rating and set a $96.00 price objective on shares of Trex in a research note on Wednesday, November 8th. SunTrust Banks reissued a “hold” rating and set a $95.00 price objective on shares of Trex in a research note on Wednesday, November 1st. Finally, FBR & Co lifted their price objective on shares of Trex from $80.00 to $96.00 and gave the stock a “neutral” rating in a research note on Tuesday, October 31st. Eight equities research analysts have rated the stock with a hold rating, one has given a buy rating and one has given a strong buy rating to the company. Trex currently has an average rating of “Hold” and an average target price of $90.00.
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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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