Trex Company, Inc. (TREX) Trades at $112.13 Forming Descending Triangle Pattern

April 16, 2018 - By Leslie Harms

Trex Company, Inc. (NYSE:TREX) Corporate Logo

Big Money Sentiment decreased to 1.06 in 2017 Q4. It has change of 0.29, from 2017Q3’s 1.35. The ratio dived due to Trex Company, Inc. positioning: 8 sold and 93 reduced. 49 funds amassed stakes and 58 increased stakes. Investors holded 25.84 million in 2017Q3 but now own 25.62 million shares or 0.85% less.
Landscape Cap Management Limited Liability Com reported 27,128 shs. State Common Retirement Fund, a New York-based fund reported 39,286 shs. Legal General Grp Pcl invested in 59,641 shs or 0% of the stock. Pinebridge Invs Limited Partnership holds 0.03% in Trex Company, Inc. (NYSE:TREX) or 10,321 shs. Clark Cap Management Group Inc Inc has 0.09% invested in Trex Company, Inc. (NYSE:TREX) for 28,558 shs. Clearbridge Investments Limited Liability Com owns 1.70M shs. Keybank National Association Oh holds 0% of its capital in Trex Company, Inc. (NYSE:TREX) for 5,154 shs. Old Natl Natl Bank In invested in 2,805 shs. Stone Ridge Asset Mngmt Lc reported 0.02% of its capital in Trex Company, Inc. (NYSE:TREX). Massachusetts-based Granahan Management Ma has invested 0.02% in Trex Company, Inc. (NYSE:TREX). Evermay Wealth Management Ltd Liability Company owns 2,889 shs. Wells Fargo & Company Mn accumulated 0% or 34,996 shs. The Georgia-based Suntrust Banks Incorporated has invested 0% in Trex Company, Inc. (NYSE:TREX). Wellington Management Gru Llp invested 0% in Trex Company, Inc. (NYSE:TREX). Nordea Investment Mngmt Ab has 0.01% invested in Trex Company, Inc. (NYSE:TREX).

Trex Company, Inc. registered $4.58 million net activity with 1 buy and 8 sales since January 16, 2018. On Friday, February 23 Gupp William R. sold $370,973 worth of Trex Company, Inc. (NYSE:TREX). Golden Michael F also sold $437,754 worth of Trex Company, Inc. (NYSE:TREX) shs. 3,500 shs valued at $376,164 were sold by Gerhard Christopher Paul on Wednesday, March 7. Cline James E also sold $2.31 million worth of Trex Company, Inc. (NYSE:TREX) shs. 52 shs were bought by SCRIPTER JAY T, worth $4,807 on Friday, March 30. 3,255 shs were sold by ROBINSON PATRICIA B, worth $341,775 on Tuesday, March 6.

Trading at $112.13 Trex Company, Inc. (TREX) showed triangle with $122.22 target. $3.30 billion MC has the stock. $296.91M more could be TREX valuation at $122.22 share price.

Its shares touched $112.13 on during the last trading session after 1.38% change.Trex Company, Inc. has volume of 32,896 shares. Since April 16, 2017 TREX has risen 53.31% and is uptrending. The stock outperformed the S&P500 by 41.76%.

Analysts await Trex Company, Inc. (NYSE:TREX) to report earnings on May, 3. They expect $1.17 earnings per share, up 23.16 % or $0.22 from last year’s $0.95 per share. TREX’s profit will be $34.42 million for 23.96 P/E if the $1.17 EPS becomes a reality. After $0.56 actual earnings per share reported by Trex Company, Inc. for the previous quarter, Wall Street now forecasts 108.93 % EPS growth.

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

In total 5 analysts cover Trex Company (NYSE:TREX). “Buy” rating has 3, “Sell” are 0, while 2 are “Hold”. 60% are bullish. 12 are the (NYSE:TREX)’s analyst reports since October 31, 2017 according to StockzIntelligence Inc. On Thursday, March 22 FBR Capital maintained the shares of TREX in report with “Buy” rating. On Thursday, February 22 Stifel Nicolaus maintained Trex Company, Inc. (NYSE:TREX) with “Hold” rating. On Thursday, February 22 the company was maintained by SunTrust. The stock rating was upgraded by FBR Capital to “Buy” on Wednesday, January 3. On Thursday, February 22 FBR Capital maintained the shares of TREX in report with “Buy” rating. On Thursday, January 11 the stock has “Buy” rating by Seaport Global. On Tuesday, October 31 the stock has “Hold” rating by Stifel Nicolaus. On Friday, December 8 the stock of Trex Company, Inc. (NYSE:TREX) has “Hold” rating given by Stifel Nicolaus. On Wednesday, January 3 the rating was upgraded by B. Riley & Co to “Buy”. On Thursday, February 22 the stock of Trex Company, Inc. (NYSE:TREX) has “Buy” rating given by B. Riley & Co.

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

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