Keybank National Association OH maintained its stake in Trex Company, Inc. (NYSE:TREX) during the second quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 7,077 shares of the construction company’s stock at the close of the second quarter. Keybank National Association OH’s holdings in Trex were worth $479,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently modified their holdings of the business. Alps Advisors Inc. boosted its holdings in Trex by 0.3% during the second quarter. Alps Advisors Inc. now owns 6,776 shares of the construction company’s stock worth $458,000 after buying an additional 18 shares during the last quarter. PNC Financial Services Group Inc. boosted its holdings in Trex by 2.8% during the first quarter. PNC Financial Services Group Inc. now owns 2,050 shares of the construction company’s stock worth $142,000 after buying an additional 56 shares during the last quarter. Virginia Retirement Systems ET AL boosted its holdings in Trex by 1.6% during the second quarter. Virginia Retirement Systems ET AL now owns 6,200 shares of the construction company’s stock worth $419,000 after buying an additional 100 shares during the last quarter. Renaissance Group LLC boosted its holdings in Trex by 2.5% during the second quarter. Renaissance Group LLC now owns 4,856 shares of the construction company’s stock worth $329,000 after buying an additional 119 shares during the last quarter. Finally, Texas Permanent School Fund boosted its holdings in Trex by 0.9% during the second quarter. Texas Permanent School Fund now owns 21,467 shares of the construction company’s stock worth $1,452,000 after buying an additional 193 shares during the last quarter. Hedge funds and other institutional investors own 92.17% of the company’s stock.

A number of equities analysts have issued reports on TREX shares. Zacks Investment Research cut Trex from a “buy” rating to a “hold” rating in a report on Tuesday, May 30th. Seaport Global Securities upgraded 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. Sidoti started coverage on Trex in a report on Thursday, June 15th. They set a “buy” rating on the stock. BidaskClub upgraded Trex from a “hold” rating to a “buy” rating in a report on Wednesday, July 12th. Finally, Stifel Nicolaus restated 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 stock presently has an average rating of “Buy” and an average price target of $75.20.

In related news, CFO Bryan Horix Fairbanks sold 2,000 shares of the company’s stock in a transaction dated Wednesday, August 2nd. The stock was sold at an average price of $75.43, for a total transaction of $150,860.00. Following the sale, the chief financial officer now owns 18,167 shares in the company, valued at approximately $1,370,336.81. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Frank H. Merlotti, Jr. sold 2,093 shares of the company’s stock in a transaction dated Wednesday, August 16th. The shares were sold at an average price of $75.71, for a total value of $158,461.03. Following the sale, the director now owns 12,640 shares in the company, valued at approximately $956,974.40. The disclosure for this sale can be found here. In the last three months, insiders sold 14,680 shares of company stock valued at $1,145,196. Insiders own 0.95% of the company’s stock.

Trex Company, Inc. (NYSE:TREX) opened at 78.92 on Tuesday. The company has a market cap of $2.32 billion, a PE ratio of 30.26 and a beta of 2.32. Trex Company, Inc. has a 12-month low of $50.81 and a 12-month high of $82.04. The stock’s 50 day moving average price is $75.93 and its 200 day moving average price is $70.26.

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

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Trex 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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