Trex Company, Inc. (TREX) Shares Bought by Bessemer Group Inc.
Bessemer Group Inc. grew its stake in Trex Company, Inc. (NYSE:TREX) by 352.7% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 1,435 shares of the construction company’s stock after purchasing an additional 1,118 shares during the period. Bessemer Group Inc.’s holdings in Trex were worth $129,000 as of its most recent filing with the Securities and Exchange Commission.
Several other institutional investors and hedge funds also recently bought and sold shares of the company. Swiss National Bank boosted its position in Trex by 1.9% during the 3rd quarter. Swiss National Bank now owns 49,200 shares of the construction company’s stock worth $4,431,000 after buying an additional 900 shares during the period. Greenwood Capital Associates LLC acquired a new stake in Trex during the 3rd quarter worth approximately $202,000. Chicago Equity Partners LLC boosted its position in Trex by 17.2% during the 3rd quarter. Chicago Equity Partners LLC now owns 24,240 shares of the construction company’s stock worth $2,183,000 after buying an additional 3,550 shares during the period. Old Mutual Global Investors UK Ltd. lifted its position in shares of Trex by 213.4% in the 3rd quarter. Old Mutual Global Investors UK Ltd. now owns 106,338 shares of the construction company’s stock worth $9,577,000 after purchasing an additional 72,409 shares during the period. Finally, Everence Capital Management Inc. acquired a new position in shares of Trex in the 3rd quarter worth approximately $212,000. Institutional investors own 91.95% of the company’s stock.
Shares of Trex Company, Inc. (NYSE:TREX) opened at $110.00 on Tuesday. The company has a market cap of $3,178.18, a price-to-earnings ratio of 35.65 and a beta of 2.41. Trex Company, Inc. has a one year low of $61.57 and a one year high of $112.39.
Trex (NYSE:TREX) last announced its quarterly earnings results on Monday, October 30th. The construction company reported $0.68 EPS for the quarter, beating the Zacks’ consensus estimate of $0.55 by $0.13. The business had revenue of $140.19 million during the quarter, compared to analyst estimates of $125.30 million. Trex had a net margin of 16.61% and a return on equity of 51.30%. Trex’s quarterly revenue was up 32.0% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.26 EPS. equities analysts forecast that Trex Company, Inc. will post 3.11 earnings per share for the current year.
In other news, VP Jay T. Scripter sold 1,116 shares of the company’s stock in a transaction on Wednesday, November 1st. The shares were sold at an average price of $108.59, for a total value of $121,186.44. Following the completion of the sale, the vice president now owns 14,212 shares in the company, valued at approximately $1,543,281.08. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Frank H. Merlotti, Jr. sold 2,158 shares of the company’s stock in a transaction on Wednesday, November 15th. The stock was sold at an average price of $105.51, for a total transaction of $227,690.58. The disclosure for this sale can be found here. Insiders own 0.95% of the company’s stock.
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A number of brokerages have recently issued reports on TREX. BidaskClub downgraded shares of Trex from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, August 22nd. Zacks Investment Research downgraded shares of Trex from a “buy” rating to a “hold” rating in a research report on Wednesday, August 2nd. Stifel Nicolaus restated a “hold” rating and issued a $75.00 price target on shares of Trex in a research report on Thursday, August 3rd. FBR & Co boosted their price target on shares of Trex from $69.00 to $80.00 and gave the stock a “mkt perform” rating in a research report on Tuesday, August 1st. Finally, Griffin Securities downgraded shares of Trex from a “buy” rating to a “neutral” rating in a research report on Tuesday, August 1st. Eight analysts have rated the stock with a hold rating, one has given a buy rating and one has issued a strong buy rating to the company. The company presently has an average rating of “Hold” and a consensus price target of $90.00.
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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