Institutional Investor Sentiment About Trex Co Inc (NYSE:TREX) Improved

Trex Company, Inc. (NYSE:TREX) Logo

Sentiment for Trex Co Inc (NYSE:TREX)

Trex Co Inc (NYSE:TREX) institutional sentiment increased to 1.17 in Q4 2018. Its up 0.07, from 1.1 in 2018Q3. The ratio is better, as 132 institutional investors started new and increased stock positions, while 113 sold and reduced stakes in Trex Co Inc. The institutional investors in our partner’s database now have: 52.29 million shares, up from 50.55 million shares in 2018Q3. Also, the number of institutional investors holding Trex Co Inc in their top 10 stock positions was flat from 2 to 2 for the same number . Sold All: 35 Reduced: 78 Increased: 88 New Position: 44.

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 $3.44 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 26.84 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.

The stock decreased 3.65% or $2.23 during the last trading session, reaching $58.79. About 936,462 shares traded. Trex Company, Inc. (NYSE:TREX) has risen 45.60% since May 17, 2018 and is uptrending. It has outperformed by 41.23% the S&P500.

Analysts await Trex Company, Inc. (NYSE:TREX) to report earnings on July, 29. They expect $0.64 EPS, down 12.33 % or $0.09 from last year’s $0.73 per share. TREX’s profit will be $37.44 million for 22.96 P/E if the $0.64 EPS becomes a reality. After $0.54 actual EPS reported by Trex Company, Inc. for the previous quarter, Wall Street now forecasts 18.52 % EPS growth.

Agf Investments America Inc. holds 3.36% of its portfolio in Trex Company, Inc. for 139,707 shares. Conestoga Capital Advisors Llc owns 1.16 million shares or 2.19% of their US portfolio. Moreover, Maryland Capital Management has 1.58% invested in the company for 184,577 shares. The Pennsylvania-based Emerald Mutual Fund Advisers Trust has invested 1.51% in the stock. Wasatch Advisors Inc, a Utah-based fund reported 1.90 million shares.

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

Ratings analysis reveals 80% of Trex Co’s analysts are positive. Out of 5 Wall Street analysts rating Trex Co, 4 give it “Buy”, 0 “Sell” rating, while 1 recommend “Hold”. The lowest target is $72 while the high is $89. The stock’s average target of $80.25 is 36.50% above today’s ($58.79) share price. TREX was included in 10 notes of analysts from January 9, 2019. On Thursday, March 28 the stock rating was upgraded by Stifel Nicolaus to “Buy”. The rating was maintained by Berenberg with “Buy” on Tuesday, February 26. The firm has “Buy” rating by Sidoti given on Friday, March 29.

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 Benzinga.com with their article: “50 Stocks Moving In Tuesday’s Mid-Day Session – Benzinga” published on April 30, 2019, Finance.Yahoo.com published: “Here’s What Hedge Funds Think About Peabody Energy Corporation (BTU) – Yahoo Finance” on April 25, 2019. More interesting news about Trex Company, Inc. (NYSE:TREX) were released by: Seekingalpha.com and their article: “Trex Company, Inc. (TREX) CEO Jim Cline on Q1 2019 Results – Earnings Call Transcript – Seeking Alpha” published on April 30, 2019 as well as Benzinga.com‘s news article titled: “30 Stocks Moving In Tuesday’s Pre-Market Session – Benzinga” with publication date: April 30, 2019.

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

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