Los Angeles Capital Management & Equity Research Inc. grew its stake in shares of Trex Company Inc (NYSE:TREX) by 6.7% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 21,696 shares of the construction company’s stock after purchasing an additional 1,370 shares during the quarter. Los Angeles Capital Management & Equity Research Inc.’s holdings in Trex were worth $1,670,000 as of its most recent SEC filing.

Other large investors also recently bought and sold shares of the company. Swiss National Bank boosted its position in shares of Trex by 100.0% during the second quarter. Swiss National Bank now owns 102,600 shares of the construction company’s stock worth $6,422,000 after buying an additional 51,300 shares during the period. Raymond James & Associates boosted its position in shares of Trex by 120.0% during the second quarter. Raymond James & Associates now owns 51,213 shares of the construction company’s stock worth $3,205,000 after buying an additional 27,935 shares during the period. Cim LLC boosted its position in shares of Trex by 63.8% during the third quarter. Cim LLC now owns 20,490 shares of the construction company’s stock worth $1,577,000 after buying an additional 7,979 shares during the period. Public Employees Retirement System of Ohio boosted its position in shares of Trex by 100.7% during the second quarter. Public Employees Retirement System of Ohio now owns 68,038 shares of the construction company’s stock worth $4,258,000 after buying an additional 34,138 shares during the period. Finally, New York State Teachers Retirement System boosted its position in shares of Trex by 99.1% during the second quarter. New York State Teachers Retirement System now owns 42,466 shares of the construction company’s stock worth $2,658,000 after buying an additional 21,133 shares during the period. 88.28% of the stock is owned by institutional investors.

Several brokerages have recently issued reports on TREX. Sidoti downgraded Trex from a “buy” rating to a “neutral” rating in a research report on Friday, August 10th. SunTrust Banks reduced their price objective on Trex to $58.00 and set a “hold” rating for the company in a research report on Tuesday, October 30th. Finally, Zacks Investment Research downgraded Trex from a “buy” rating to a “hold” rating in a research report on Thursday, November 1st. Four analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. Trex currently has a consensus rating of “Hold” and an average price target of $36.35.

TREX opened at $58.45 on Wednesday. The company has a market capitalization of $3.44 billion, a price-to-earnings ratio of 36.99 and a beta of 2.25. Trex Company Inc has a 1-year low of $50.72 and a 1-year high of $90.74.

Trex (NYSE:TREX) last released its earnings results on Monday, October 29th. The construction company reported $0.57 earnings per share for the quarter, topping analysts’ consensus estimates of $0.52 by $0.05. The firm had revenue of $166.38 million during the quarter, compared to the consensus estimate of $173.10 million. Trex had a return on equity of 46.55% and a net margin of 19.16%. The firm’s revenue for the quarter was up 18.7% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.68 earnings per share. Equities analysts predict that Trex Company Inc will post 2.29 EPS for the current fiscal year.

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Trex Company Profile

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. 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.

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Institutional Ownership by Quarter for Trex (NYSE:TREX)

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