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.

Trex (NYSE:TREX) last announced its quarterly earnings data on Monday, October 30th. The construction company reported $0.68 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.55 by $0.13. The firm had revenue of $140.19 million during the quarter, compared to analysts’ expectations of $125.30 million. Trex had a return on equity of 51.30% and a net margin of 16.61%. The company’s quarterly revenue was up 32.0% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.26 EPS. equities analysts anticipate that Trex Company Inc will post 3.11 earnings per share for the current year.

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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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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