Trex Company, Inc. (NYSE:TREX) Shares Acquired by Ameriprise Financial Inc.

Ameriprise Financial Inc. raised its position in Trex Company, Inc. (NYSE:TREX - Free Report) by 3.3% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 424,010 shares of the construction company's stock after purchasing an additional 13,466 shares during the quarter. Ameriprise Financial Inc. owned about 0.40% of Trex worth $29,269,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Barclays PLC lifted its holdings in shares of Trex by 8.8% in the 3rd quarter. Barclays PLC now owns 149,623 shares of the construction company's stock worth $9,961,000 after acquiring an additional 12,085 shares during the last quarter. GAMMA Investing LLC increased its position in shares of Trex by 274.9% in the 4th quarter. GAMMA Investing LLC now owns 701 shares of the construction company's stock valued at $48,000 after purchasing an additional 514 shares during the last quarter. Eagle Bay Advisors LLC purchased a new stake in shares of Trex in the 4th quarter valued at approximately $41,000. Claro Advisors LLC purchased a new stake in shares of Trex in the 4th quarter valued at approximately $220,000. Finally, Park Avenue Securities LLC increased its position in shares of Trex by 26.6% in the 4th quarter. Park Avenue Securities LLC now owns 7,444 shares of the construction company's stock valued at $514,000 after purchasing an additional 1,566 shares during the last quarter. 95.96% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of research analysts recently commented on the stock. Jefferies Financial Group dropped their target price on shares of Trex from $81.00 to $71.00 and set a "hold" rating on the stock in a research report on Tuesday, February 25th. Benchmark reaffirmed a "buy" rating and issued a $80.00 target price on shares of Trex in a research report on Monday, May 12th. UBS Group decreased their price target on shares of Trex from $74.00 to $72.00 and set a "neutral" rating for the company in a research note on Friday, May 9th. DA Davidson reiterated a "neutral" rating and set a $74.00 price target on shares of Trex in a research note on Tuesday, February 25th. Finally, JPMorgan Chase & Co. decreased their price target on shares of Trex from $79.00 to $73.00 and set a "neutral" rating for the company in a research note on Wednesday, March 5th. Two research analysts have rated the stock with a sell rating, eight have issued a hold rating and eight have issued a buy rating to the company's stock. According to MarketBeat, Trex currently has a consensus rating of "Hold" and a consensus price target of $76.65.

Insider Transactions at Trex

In other news, SVP Amy M. Fernandez sold 2,366 shares of Trex stock in a transaction dated Monday, May 12th. The shares were sold at an average price of $61.17, for a total transaction of $144,728.22. Following the completion of the sale, the senior vice president now directly owns 24,569 shares in the company, valued at $1,502,885.73. The trade was a 8.78% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, SVP Jacob T. Rudolph sold 1,500 shares of Trex stock in a transaction dated Thursday, May 15th. The stock was sold at an average price of $60.27, for a total transaction of $90,405.00. Following the sale, the senior vice president now owns 27,527 shares of the company's stock, valued at approximately $1,659,052.29. This trade represents a 5.17% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 5,286 shares of company stock worth $323,003 over the last ninety days. 0.71% of the stock is currently owned by corporate insiders.

Trex Stock Performance

NYSE:TREX traded down $0.22 during mid-day trading on Monday, hitting $60.61. 1,103,910 shares of the company's stock traded hands, compared to its average volume of 1,346,613. The firm's 50 day simple moving average is $57.55 and its 200 day simple moving average is $65.46. Trex Company, Inc. has a 1 year low of $49.01 and a 1 year high of $88.87. The company has a market cap of $6.50 billion, a PE ratio of 27.68, a price-to-earnings-growth ratio of 2.51 and a beta of 1.62.

Trex (NYSE:TREX - Get Free Report) last posted its earnings results on Thursday, May 8th. The construction company reported $0.60 earnings per share for the quarter, beating the consensus estimate of $0.58 by $0.02. Trex had a net margin of 20.23% and a return on equity of 28.89%. The firm had revenue of $339.99 million during the quarter, compared to the consensus estimate of $329.11 million. During the same period last year, the firm posted $0.82 EPS. The firm's revenue for the quarter was down 9.0% on a year-over-year basis. On average, research analysts expect that Trex Company, Inc. will post 2.04 earnings per share for the current fiscal year.

Trex Company Profile

Trex Company, Inc manufactures and distributes composite decking, railing, and outdoor living products and accessories for residential and commercial markets in the United States. It offers decking products and accessories under the names Trex Transcend, Trex Select, Trex Signature, Trex Transcend Lineage, and Trex Enhance for protection against fading, staining, mold, and scratching; Trex Hideaway, a hidden fastening system; and Trex DeckLighting, a LED dimmable deck lighting for use on posts, floors, and steps.