Teachers Retirement System of The State of Kentucky maintained its position in Trex Company, Inc. (NYSE:TREX) during the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 10,200 shares of the construction company’s stock at the close of the 2nd quarter. Teachers Retirement System of The State of Kentucky’s holdings in Trex were worth $690,000 at the end of the most recent quarter.

A number of other large investors also recently bought and sold shares of TREX. PNC Financial Services Group Inc. grew its position in Trex by 2.8% in the 1st quarter. PNC Financial Services Group Inc. now owns 2,050 shares of the construction company’s stock worth $142,000 after purchasing an additional 56 shares during the period. Riverhead Capital Management LLC boosted its stake in shares of Trex by 91.5% during the 2nd quarter. Riverhead Capital Management LLC now owns 2,298 shares of the construction company’s stock worth $156,000 after acquiring an additional 1,098 shares during the last quarter. Victory Capital Management Inc. boosted its stake in shares of Trex by 12.9% during the 2nd quarter. Victory Capital Management Inc. now owns 2,465 shares of the construction company’s stock worth $167,000 after acquiring an additional 282 shares during the last quarter. Ameritas Investment Partners Inc. purchased a new position in shares of Trex during the 1st quarter worth $177,000. Finally, D.A. Davidson & CO. boosted its stake in shares of Trex by 13.7% during the 2nd quarter. D.A. Davidson & CO. now owns 2,664 shares of the construction company’s stock worth $180,000 after acquiring an additional 322 shares during the last quarter. 91.83% of the stock is owned by institutional investors and hedge funds.

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In related news, SVP William R. Gupp sold 3,500 shares of the firm’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 sale, the senior vice president now owns 41,711 shares in the company, valued at $3,219,254.98. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, VP Christopher Paul Gerhard sold 3,920 shares of the firm’s stock in a transaction 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 in the company, valued at approximately $2,116,566.40. The disclosure for this sale can be found here. Insiders sold 14,680 shares of company stock worth $1,145,196 in the last quarter. Company insiders own 0.95% of the company’s stock.

Trex Company, Inc. (NYSE TREX) opened at 86.58 on Monday. Trex Company, Inc. has a 52 week low of $50.81 and a 52 week high of $90.09. The stock has a market cap of $2.54 billion, a PE ratio of 33.20 and a beta of 2.33. The stock’s 50 day moving average is $82.50 and its 200 day moving average is $72.92.

Trex (NYSE:TREX) last released its quarterly earnings data on Monday, July 31st. The construction company reported $0.97 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.88 by $0.09. The firm had revenue of $158.00 million for the quarter, compared to analyst estimates of $160.40 million. Trex had a net margin of 15.12% and a return on equity of 56.76%. The business’s quarterly revenue was up 7.9% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.79 earnings per share. Analysts predict that Trex Company, Inc. will post $2.99 EPS for the current year.

Several research analysts have recently weighed in on TREX shares. BidaskClub upgraded shares of Trex from a “hold” rating to a “buy” rating in a research note on Wednesday, July 12th. Stifel Nicolaus reiterated a “hold” rating and set a $70.00 price target on shares of Trex in a research note on Friday, July 14th. FBR & Co lifted their price target on shares of Trex from $69.00 to $80.00 and gave the stock a “mkt perform” rating in a research note on Tuesday, August 1st. Griffin Securities cut shares of Trex from a “buy” rating to a “neutral” rating in a research note on Tuesday, August 1st. Finally, Zacks Investment Research cut shares of Trex from a “buy” rating to a “hold” rating in a research note on Wednesday, August 2nd. Five equities 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. The stock has a consensus rating of “Hold” and an average price target of $77.50.

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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