What Next for Trex Company, Inc. (TREX) Stock After Today’s Huge Increase?

Trex Company, Inc. (NYSE:TREX) Logo

Investors sentiment increased to 1.22 in Q1 2019. Its up 0.05, from 1.17 in 2018Q4. It increased, 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.
Legal And General Group Incorporated Pcl has invested 0% in Trex Company, Inc. (NYSE:TREX). Dubuque Financial Bank & Tru has 0.01% invested in Trex Company, Inc. (NYSE:TREX). Lazard Asset Mngmt Limited Liability has 0% invested in Trex Company, Inc. (NYSE:TREX) for 47,837 shares. New York-based Pdt Partners Ltd Company has invested 0.21% in Trex Company, Inc. (NYSE:TREX). Jpmorgan Chase & reported 1.27M shares. Tci Wealth invested in 0% or 22 shares. Alyeska Inv Ltd Partnership holds 13,753 shares or 0.01% of its portfolio. Advisory Svcs Network Ltd Co holds 0.01% of its portfolio in Trex Company, Inc. (NYSE:TREX) for 1,836 shares. New York State Common Retirement Fund has 0.01% invested in Trex Company, Inc. (NYSE:TREX) for 98,205 shares. Bnp Paribas Arbitrage Sa holds 13,716 shares. Hartline invested 0.13% of its portfolio in Trex Company, Inc. (NYSE:TREX). Bessemer Grp reported 668 shares stake. 7,000 were accumulated by Washington Trust Company. Manchester Capital Mgmt Ltd Liability Com owns 1,272 shares. New York-based Clearbridge Invs Ltd Liability Com has invested 0.18% 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) on Thursday, March 28 to “Buy” rating. On Friday, March 29 the stock rating was upgraded by Sidoti to “Buy”. The firm has “Buy” rating by Berenberg given on Tuesday, February 26.

More notable recent Trex Company, Inc. (NYSE:TREX) news were published by: Seekingalpha.com which released: “Trex +10% post Q2 revenue beat – Seeking Alpha” on July 30, 2019, also Finance.Yahoo.com with their article: “Why Shares of Trex Are Falling on Tuesday – Yahoo Finance” published on April 30, 2019, Globenewswire.com published: “Trex “Transcends” the Competition in Pro Remodeler Reader Poll – GlobeNewswire” on August 06, 2019. More interesting news about Trex Company, Inc. (NYSE:TREX) were released by: Businesswire.com and their article: “Trex Company Announces August and September 2019 Investor Conference Schedule – Business Wire” published on July 31, 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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