The stock of Trex Company Inc (NYSE:TREX) is a huge mover today! About 389,832 shares traded hands or 87.36% up from the average. Trex Company Inc (NYSE:TREX) has risen 10.25% since April 5, 2016 and is uptrending. It has outperformed by 8.29% the S&P500.
The move comes after 5 months positive chart setup for the $1.70B company. It was reported on Nov, 8 by Barchart.com. We have $82.30 PT which if reached, will make NYSE:TREX worth $714.00 million more.
Trex Company Inc (NYSE:TREX) Ratings Coverage
Out of 4 analysts covering Trex Co (NYSE:TREX), 3 rate it a “Buy”, 0 “Sell”, while 1 “Hold”. This means 75% are positive. Trex Co has been the topic of 6 analyst reports since September 24, 2015 according to StockzIntelligence Inc. The stock has “Outperform” rating given by FBR Capital on Friday, February 26. The stock of Trex Company Inc (NYSE:TREX) earned “Buy” rating by CL King on Wednesday, October 28. The firm earned “Outperform” rating on Thursday, September 24 by Wedbush. The firm has “Strong Buy” rating given on Thursday, October 1 by CLSA. The rating was upgraded by CL King to “Strong Buy” on Thursday, October 1. The firm has “Neutral” rating given on Wednesday, October 19 by Wedbush.
According to Zacks Investment Research, “Trex Company, Inc. is a manufacturer of wood-alternative decking and railing. Trex Company, Inc. is based in Winchester, United States.”
Insitutional Activity: The institutional sentiment decreased to 0.66 in Q2 2016. Its down 1.00, from 1.66 in 2016Q1. The ratio fall, as 22 funds sold all Trex Company Inc shares owned while 74 reduced positions. 22 funds bought stakes while 41 increased positions. They now own 28.31 million shares or 2.37% less from 29.00 million shares in 2016Q1.
Brown Brothers Harriman accumulated 94 shares or 0% of the stock. State Of Tennessee Treasury Department accumulated 23,349 shares or 0.01% of the stock. Deutsche Bank & Trust Ag last reported 97,890 shares in the company. Checchi Cap Advisers Limited Liability Company last reported 0% of its portfolio in the stock. Moreover, Amalgamated National Bank has 0.01% invested in Trex Company Inc (NYSE:TREX) for 3,406 shares. New Amsterdam Prns Limited Liability Ny accumulated 168,572 shares or 1.84% of the stock. U S Investors Inc owns 25,157 shares or 0.62% of their US portfolio. First Mercantile Com holds 0.03% or 4,794 shares in its portfolio. Moreover, Citigroup Incorporated has 0% invested in Trex Company Inc (NYSE:TREX) for 13,805 shares. Louisiana State Employees Retirement accumulated 13,000 shares or 0.03% of the stock. Savings Bank Of New York Mellon holds 0.01% or 502,683 shares in its portfolio. Rhumbline Advisers last reported 42,417 shares in the company. The Arkansas-based Stephens Ar has invested 0% in Trex Company Inc (NYSE:TREX). Manufacturers Life The has invested 0% of its portfolio in Trex Company Inc (NYSE:TREX). Pear Tree reported 37,800 shares or 0.71% of all its holdings.
Insider Transactions: Since May 11, 2016, the stock had 0 buys, and 7 insider sales for $2.27 million net activity. The insider Zambanini Adam Dante sold $353,007. Another trade for 6,386 shares valued at $275,277 was made by Cline James E on Wednesday, May 11. MERLOTTI FRANK H JR had sold 1,787 shares worth $107,211. GRATZ JAY M sold $423,266 worth of stock. Posey Richard E sold 5,266 shares worth $289,565. Shares for $648,316 were sold by ROBINSON PATRICIA B on Monday, August 15.
More notable recent Trex Company Inc (NYSE:TREX) news were published by: Businesswire.com which released: “Trex Company Reports Third Quarter 2016 Results” on November 07, 2016, also Fool.com with their article: “Trex Company, Inc. Stock Up 13%: Here’s Why” published on August 02, 2016, Fool.com published: “Trex Company, Inc. Keeps Building a Bigger Business” on May 11, 2016. More interesting news about Trex Company Inc (NYSE:TREX) were released by: Fool.com and their article: “Is Trex Company, Inc. Entering Its Biggest Growth Phase?” published on August 10, 2016 as well as Fool.com‘s news article titled: “What to Expect When Trex Company, Inc. Reports Earnings” with publication date: July 30, 2016.
TREX Company Profile
Trex Company, Inc., incorporated on September 4, 1998, is a maker of wood-alternative decking and railing products. The Firm markets its products under the brand name Trex. The Firm offers a set of outdoor living products in the decking, railing, porch, fencing, trim, steel deck framing and outdoor lighting categories. The Company’s decking products include Trex Transcend, Trex Enhance and Trex Select. The Company’s railing products include Trex Transcend Railing, Trex Select Railing and Trex Reveal aluminum railing. It offers Trex Transcend Porch Flooring and Railing System, which is an integrated system of porch components and accessories. It offers Trex Seclusions fencing product through over two specialty distributors. It offers TrexTrim product, which is a cellular polyvinyl chloride (PVC) residential exterior trim product. It offers a triple-coated steel deck framing system called Trex Elevations that leverages the strength and dimensional stability of steel to create a flat surface for its decking.
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