Evermay Wealth Management LLC continued to hold its stake in shares of Trex Company, Inc. (NYSE:TREX) during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,008 shares of the construction company’s stock at the end of the second quarter. Evermay Wealth Management LLC’s holdings in Trex were worth $204,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of TREX. Creative Planning boosted its position in shares of Trex by 17.8% in the first quarter. Creative Planning now owns 6,053 shares of the construction company’s stock valued at $420,000 after buying an additional 916 shares in the last quarter. Mason Street Advisors LLC boosted its position in shares of Trex by 7.0% in the first quarter. Mason Street Advisors LLC now owns 6,871 shares of the construction company’s stock valued at $477,000 after buying an additional 448 shares in the last quarter. Vanguard Group Inc. boosted its position in shares of Trex by 6.5% in the first quarter. Vanguard Group Inc. now owns 3,251,958 shares of the construction company’s stock valued at $225,653,000 after buying an additional 197,846 shares in the last quarter. State of Tennessee Treasury Department boosted its position in shares of Trex by 17.8% in the first quarter. State of Tennessee Treasury Department now owns 27,499 shares of the construction company’s stock valued at $1,908,000 after buying an additional 4,150 shares in the last quarter. Finally, BlackRock Inc. boosted its position in shares of Trex by 132,134.8% in the first quarter. BlackRock Inc. now owns 3,715,799 shares of the construction company’s stock valued at $257,840,000 after buying an additional 3,712,989 shares in the last quarter. Hedge funds and other institutional investors own 92.21% of the company’s stock.

Trex Company, Inc. (NYSE:TREX) opened at 78.48 on Thursday. Trex Company, Inc. has a one year low of $50.81 and a one year high of $82.04. The stock’s 50 day moving average is $72.02 and its 200 day moving average is $69.18. The company has a market capitalization of $2.31 billion, a PE ratio of 30.09 and a beta of 2.36.

Trex (NYSE:TREX) last announced its quarterly earnings results on Monday, July 31st. The construction company reported $0.97 EPS for the quarter, beating the Zacks’ consensus estimate of $0.88 by $0.09. The company had revenue of $158 million for the quarter, compared to analysts’ expectations of $160.40 million. Trex had a net margin of 15.12% and a return on equity of 56.76%. Trex’s revenue was up 7.9% compared to the same quarter last year. During the same period in the prior year, the company posted $0.79 EPS. On average, analysts anticipate that Trex Company, Inc. will post $2.99 earnings per share for the current fiscal year.

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TREX has been the topic of several recent research reports. Zacks Investment Research raised shares of Trex from a “hold” rating to a “buy” rating and set a $73.00 target price on the stock in a report on Wednesday, May 10th. Seaport Global Securities raised shares of Trex from a “neutral” rating to a “buy” rating and set a $74.00 target price on the stock in a report on Thursday, June 1st. BidaskClub raised shares of Trex from a “hold” rating to a “buy” rating in a report on Wednesday, July 12th. Sidoti initiated coverage on shares of Trex in a report on Thursday, June 15th. They set a “buy” rating on the stock. Finally, Stifel Nicolaus reaffirmed a “hold” rating and set a $70.00 target price on shares of Trex in a report on Friday, July 14th. Three investment analysts have rated the stock with a hold rating, two have issued a buy rating and two have given a strong buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and a consensus target price of $75.20.

In related news, VP Christopher Paul Gerhard sold 3,920 shares of the company’s stock in a transaction that occurred on Monday, August 7th. The shares were sold at an average price of $79.69, for a total transaction of $312,384.80. Following the sale, the vice president now owns 26,560 shares of the company’s stock, valued at approximately $2,116,566.40. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Richard E. Posey sold 3,167 shares of the company’s stock in a transaction that occurred on Friday, August 4th. The stock was sold at an average price of $80.00, for a total transaction of $253,360.00. Following the sale, the director now directly owns 11,795 shares in the company, valued at approximately $943,600. The disclosure for this sale can be found here. Insiders have sold a total of 14,644 shares of company stock worth $1,117,992 in the last ninety days. 0.95% of the stock is currently owned by insiders.

Trex Company Profile

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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