Time to Buy Trex Company, Inc. (TREX) After Today’s Significant Increase?

Trex Company, Inc. (NYSE:TREX) Logo

Investors sentiment increased to 1.22 in 2019 Q1. Its up 0.05, from 1.17 in 2018Q4. It improved, as 30 investors sold Trex Company, Inc. shares while 80 reduced holdings. 55 funds opened positions while 79 raised stakes. 51.33 million shares or 1.82% less from 52.29 million shares in 2018Q4 were reported.
New York State Teachers Retirement Sys has 0% invested in Trex Company, Inc. (NYSE:TREX). Iowa-based Dubuque Bancorp has invested 0.01% in Trex Company, Inc. (NYSE:TREX). Timpani Cap Mngmt Limited Liability Corporation holds 0.67% or 22,823 shares in its portfolio. Meeder Asset Management has 0% invested in Trex Company, Inc. (NYSE:TREX). Numerixs Tech holds 13,594 shares. Gotham Asset Mgmt has invested 0.01% in Trex Company, Inc. (NYSE:TREX). Deutsche Fincl Bank Ag holds 276,710 shares. Counselors stated it has 0.01% in Trex Company, Inc. (NYSE:TREX). Signaturefd Ltd Co holds 0% or 950 shares in its portfolio. Goldman Sachs Group Inc holds 174,343 shares or 0% of its portfolio. Jane Street Limited Liability Com owns 9,835 shares or 0% of their US portfolio. Art Limited holds 0.1% or 25,872 shares in its portfolio. Massachusetts Service Ma owns 267,931 shares. 4,119 were reported by Tower Research Cap Limited Company (Trc). Gsa Partners Ltd Liability Partnership has invested 0.09% of its portfolio in Trex Company, Inc. (NYSE:TREX).

The stock of Trex Company, Inc. (NYSE:TREX) is a huge mover today! The stock increased 2.96% or $2.41 during the last trading session, reaching $83.86. About 680,373 shares traded. Trex Company, Inc. (NYSE:TREX) has risen 27.52% since August 15, 2018 and is uptrending. It has outperformed by 27.52% the S&P500.
The move comes after 6 months positive chart setup for the $4.90 billion company. It was reported on Aug, 15 by Barchart.com. We have $88.05 PT which if reached, will make NYSE:TREX worth $244.95M more.

Trex Company, Inc. (NYSE:TREX) Ratings Coverage

Among 3 analysts covering Trex Co (NYSE:TREX), 3 have Buy rating, 0 Sell and 0 Hold. Therefore 100% are positive. Trex Co has $89 highest and $72 lowest target. $80.25’s average target is -4.30% below currents $83.86 stock price. Trex Co had 11 analyst reports since February 20, 2019 according to SRatingsIntel. Stifel Nicolaus upgraded Trex Company, Inc. (NYSE:TREX) rating on Thursday, March 28. Stifel Nicolaus has “Buy” rating and $72 target. The firm has “Buy” rating by Berenberg given on Tuesday, February 26. The rating was upgraded by Sidoti on Friday, March 29 to “Buy”.

More notable recent Trex Company, Inc. (NYSE:TREX) news were published by: Seekingalpha.com which released: “Trex Q1 earnings miss reflects new product start-up costs – Seeking Alpha” on April 29, 2019, also Businesswire.com with their article: “Trex Company Reports Second Quarter 2019 Results – Business Wire” published on July 29, 2019, Seekingalpha.com published: “Trex +10% post Q2 revenue beat – Seeking Alpha” on July 30, 2019. More interesting news about Trex Company, Inc. (NYSE:TREX) were released by: Finance.Yahoo.com and their article: “A Closer Look At Trex Company, Inc.’s (NYSE:TREX) Impressive ROE – Yahoo Finance” published on July 30, 2019 as well as Finance.Yahoo.com‘s news article titled: “Why Trex Stumbled in Q1, and What It Means Going Forward – Yahoo Finance” with publication date: May 02, 2019.

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. The company has market cap of $4.90 billion. 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. It has a 40.53 P/E ratio. The firm also provides railing products, such as Trex Transcend Railing for use with Trex decking products and other decking materials; Trex Select Railing for consumers, who desire a simple clean finished look for their decks; and Trex Signature aluminum railing for contemporary look.

Trex Company, Inc. (NYSE:TREX) Institutional Positions Chart

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