Campbell & CO Investment Adviser LLC Takes Position in Trex Company Inc (TREX)
Campbell & CO Investment Adviser LLC bought a new position in shares of Trex Company Inc (NYSE:TREX) in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund bought 2,810 shares of the construction company’s stock, valued at approximately $253,000.
Several other hedge funds and other institutional investors have also modified their holdings of the company. Bessemer Group Inc. boosted its stake in Trex by 352.7% in the 3rd quarter. Bessemer Group Inc. now owns 1,435 shares of the construction company’s stock valued at $129,000 after purchasing an additional 1,118 shares during the period. Riverhead Capital Management LLC boosted its stake in Trex by 91.5% in the 2nd quarter. Riverhead Capital Management LLC now owns 2,298 shares of the construction company’s stock valued at $156,000 after purchasing an additional 1,098 shares during the period. Victory Capital Management Inc. boosted its stake in Trex by 12.9% in the 2nd quarter. Victory Capital Management Inc. now owns 2,465 shares of the construction company’s stock valued at $167,000 after purchasing an additional 282 shares during the period. D.A. Davidson & CO. boosted its stake in Trex by 13.7% in the 2nd quarter. D.A. Davidson & CO. now owns 2,664 shares of the construction company’s stock valued at $180,000 after purchasing an additional 322 shares during the period. Finally, Greenwood Capital Associates LLC bought a new stake in Trex in the 3rd quarter valued at $202,000. Institutional investors own 89.13% of the company’s stock.
Shares of Trex Company Inc (NYSE TREX) traded down $4.58 during midday trading on Friday, reaching $113.18. The company’s stock had a trading volume of 263,750 shares, compared to its average volume of 181,753. The firm has a market cap of $3,465.07, a PE ratio of 38.87 and a beta of 2.44. Trex Company Inc has a 52-week low of $61.57 and a 52-week high of $118.65.
In other news, Director Richard E. Posey sold 2,322 shares of the business’s stock in a transaction on Wednesday, November 22nd. The stock was sold at an average price of $111.19, for a total transaction of $258,183.18. Following the completion of the transaction, the director now owns 11,591 shares of the company’s stock, valued at approximately $1,288,803.29. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, Director Frank H. Merlotti, Jr. sold 2,158 shares of the business’s stock in a transaction on Wednesday, November 15th. The stock was sold at an average price of $105.51, for a total value of $227,690.58. The disclosure for this sale can be found here. Insiders sold a total of 5,596 shares of company stock valued at $607,060 over the last ninety days. Insiders own 0.95% of the company’s stock.
Several analysts recently issued reports on the company. Sidoti downgraded Trex from a “buy” rating to a “neutral” rating and set a $89.00 price target for the company. in a research note on Monday, October 2nd. FBR & Co boosted their price target on Trex from $80.00 to $96.00 and gave the company a “neutral” rating in a research note on Tuesday, October 31st. Zacks Investment Research downgraded Trex from a “buy” rating to a “hold” rating in a research note on Saturday, November 11th. B. Riley restated a “hold” rating and issued a $96.00 price target on shares of Trex in a research note on Wednesday, November 8th. Finally, SunTrust Banks restated a “hold” rating and issued a $95.00 price target on shares of Trex in a research note on Wednesday, November 1st. Eight equities research analysts have rated the stock with a hold rating, one has issued 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 $90.00.
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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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