Trex Company, Inc. (TREX) Holdings Raised by California Public Employees Retirement System

California Public Employees Retirement System raised its position in Trex Company, Inc. (NYSE:TREX) by 4.1% during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 120,800 shares of the construction company’s stock after purchasing an additional 4,800 shares during the period. California Public Employees Retirement System owned 0.41% of Trex worth $8,173,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also recently made changes to their positions in the company. PNC Financial Services Group Inc. increased its position in shares of Trex by 2.8% in the 1st quarter. PNC Financial Services Group Inc. now owns 2,050 shares of the construction company’s stock valued at $142,000 after purchasing an additional 56 shares during the last quarter. Riverhead Capital Management LLC grew its position in shares of Trex by 91.5% in the 2nd quarter. Riverhead Capital Management LLC now owns 2,298 shares of the construction company’s stock valued at $156,000 after buying an additional 1,098 shares during the last quarter. Victory Capital Management Inc. grew its position in shares of Trex by 12.9% in the 2nd quarter. Victory Capital Management Inc. now owns 2,465 shares of the construction company’s stock valued at $167,000 after buying an additional 282 shares during the last quarter. Ameritas Investment Partners Inc. purchased a new position in shares of Trex in the 1st quarter valued at $177,000. Finally, D.A. Davidson & CO. grew its position in shares of Trex by 13.7% in the 2nd quarter. D.A. Davidson & CO. now owns 2,664 shares of the construction company’s stock valued at $180,000 after buying an additional 322 shares during the last quarter. 91.83% of the stock is currently owned by institutional investors.

A number of research analysts recently commented on TREX shares. BidaskClub raised shares of Trex from a “hold” rating to a “buy” rating in a research report on Wednesday, July 12th. Sidoti started coverage on shares of Trex in a research report on Thursday, June 15th. They issued a “buy” rating on the stock. Stifel Nicolaus reaffirmed a “hold” rating and issued a $70.00 target price on shares of Trex in a research report on Friday, July 14th. Zacks Investment Research downgraded shares of Trex from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, October 4th. Finally, FBR & Co increased their target price on shares of Trex from $69.00 to $80.00 and gave the company a “mkt perform” rating in a research report on Tuesday, August 1st. Five research analysts have rated the stock with a hold rating, one has assigned a buy rating and one has issued a strong buy rating to the stock. Trex has a consensus rating of “Hold” and an average target price of $77.50.

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In other news, SVP William R. Gupp sold 3,500 shares of the business’s stock in a transaction on Wednesday, August 2nd. The shares were sold at an average price of $77.18, for a total transaction of $270,130.00. Following the completion of the transaction, the senior vice president now owns 41,711 shares of the company’s stock, valued at $3,219,254.98. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CFO Bryan Horix Fairbanks sold 2,000 shares of the business’s stock in a transaction on Wednesday, August 2nd. The shares were sold at an average price of $75.43, for a total transaction of $150,860.00. Following the transaction, the chief financial officer now directly owns 18,167 shares of the company’s stock, valued at approximately $1,370,336.81. The disclosure for this sale can be found here. In the last three months, insiders have sold 14,680 shares of company stock valued at $1,145,196. Corporate insiders own 0.95% of the company’s stock.

Trex Company, Inc. (NYSE:TREX) opened at 85.12 on Wednesday. The stock has a market capitalization of $2.50 billion, a P/E ratio of 32.64 and a beta of 2.34. Trex Company, Inc. has a 52-week low of $50.81 and a 52-week high of $90.09. The company has a 50 day moving average of $81.09 and a 200-day moving average of $72.56.

Trex (NYSE:TREX) last announced its quarterly earnings results on Monday, July 31st. The construction company reported $0.97 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.88 by $0.09. Trex had a net margin of 15.12% and a return on equity of 56.76%. The company had revenue of $158.00 million during the quarter, compared to the consensus estimate of $160.40 million. During the same quarter in the previous year, the company posted $0.79 earnings per share. The company’s revenue for the quarter was up 7.9% compared to the same quarter last year. Equities research analysts anticipate that Trex Company, Inc. will post $2.99 EPS for the current year.

About Trex

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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Institutional Ownership by Quarter for Trex (NYSE:TREX)

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