Teachers Retirement System of The State of Kentucky Has $1.71 Million Stock Holdings in Trex Company, Inc. (NYSE:TREX)

Teachers Retirement System of The State of Kentucky cut its stake in shares of Trex Company, Inc. (NYSE:TREX) by 30.6% during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 16,800 shares of the construction company’s stock after selling 7,420 shares during the period. Teachers Retirement System of The State of Kentucky’s holdings in Trex were worth $1,712,000 at the end of the most recent quarter.

Several other institutional investors also recently made changes to their positions in TREX. SeaCrest Wealth Management LLC grew its holdings in shares of Trex by 4.1% during the second quarter. SeaCrest Wealth Management LLC now owns 2,450 shares of the construction company’s stock valued at $250,000 after buying an additional 96 shares in the last quarter. Wealthcare Advisory Partners LLC grew its holdings in shares of Trex by 3.5% during the second quarter. Wealthcare Advisory Partners LLC now owns 3,188 shares of the construction company’s stock valued at $326,000 after buying an additional 108 shares in the last quarter. Advisory Services Network LLC grew its holdings in shares of Trex by 5.2% during the second quarter. Advisory Services Network LLC now owns 2,547 shares of the construction company’s stock valued at $260,000 after buying an additional 125 shares in the last quarter. ProShare Advisors LLC grew its holdings in shares of Trex by 1.3% during the second quarter. ProShare Advisors LLC now owns 9,524 shares of the construction company’s stock valued at $973,000 after buying an additional 125 shares in the last quarter. Finally, Procyon Private Wealth Partners LLC grew its holdings in shares of Trex by 5.7% during the third quarter. Procyon Private Wealth Partners LLC now owns 2,345 shares of the construction company’s stock valued at $239,000 after buying an additional 127 shares in the last quarter. 92.78% of the stock is currently owned by institutional investors.

In other Trex news, SVP William R. Gupp sold 2,150 shares of the company’s stock in a transaction that occurred on Wednesday, November 10th. The stock was sold at an average price of $131.00, for a total value of $281,650.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Dennis Charles Schemm sold 1,719 shares of the company’s stock in a transaction that occurred on Wednesday, November 10th. The shares were sold at an average price of $129.24, for a total value of $222,163.56. The disclosure for this sale can be found here. Insiders have sold a total of 16,274 shares of company stock valued at $2,123,699 in the last three months. 0.69% of the stock is owned by insiders.

NYSE TREX opened at $106.95 on Friday. Trex Company, Inc. has a twelve month low of $81.76 and a twelve month high of $140.98. The stock has a market capitalization of $12.31 billion, a PE ratio of 54.57 and a beta of 1.37. The stock has a 50-day simple moving average of $130.07 and a 200 day simple moving average of $112.90.

Trex (NYSE:TREX) last posted its quarterly earnings data on Monday, November 8th. The construction company reported $0.64 earnings per share for the quarter, topping the consensus estimate of $0.58 by $0.06. Trex had a return on equity of 35.57% and a net margin of 20.21%. The business had revenue of $335.87 million during the quarter, compared to analysts’ expectations of $326.01 million. During the same quarter in the previous year, the firm earned $0.41 EPS. The firm’s revenue was up 45.1% compared to the same quarter last year. As a group, sell-side analysts predict that Trex Company, Inc. will post 2.11 earnings per share for the current fiscal year.

A number of research analysts have commented on the company. DA Davidson boosted their target price on Trex from $100.00 to $120.00 and gave the company a “neutral” rating in a research note on Tuesday, November 9th. They noted that the move was a valuation call. Stephens boosted their target price on Trex from $120.00 to $134.00 and gave the company an “overweight” rating in a research note on Tuesday, November 9th. JPMorgan Chase & Co. downgraded Trex from a “neutral” rating to an “underweight” rating and set a $135.00 target price on the stock. in a research note on Wednesday, December 15th. They noted that the move was a valuation call. Robert W. Baird boosted their target price on Trex from $108.00 to $120.00 and gave the company a “neutral” rating in a research note on Tuesday, November 9th. Finally, BMO Capital Markets upped their price target on Trex from $98.00 to $105.00 and gave the stock a “market perform” rating in a research note on Tuesday, November 9th. One research analyst has rated the stock with a sell rating, six have issued a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat, Trex has an average rating of “Hold” and a consensus target price of $123.75.

Trex Company Profile

Trex Co, Inc engages in the manufacture of wood-alternative decking and railing. Its products include deck framing and drainage, outdoor lighting, furniture, pergola and outdoor kitchens, fencing, collections, and accessory hardware. It operates through the following segments Trex Residential Products and Trex Commercial Products.

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Institutional Ownership by Quarter for Trex (NYSE:TREX)

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