Public Employees Retirement System of Ohio trimmed its position in Trex Company Inc (NYSE:TREX) by 4.9% during the second quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 62,156 shares of the construction company’s stock after selling 3,170 shares during the quarter. Public Employees Retirement System of Ohio owned approximately 0.11% of Trex worth $4,457,000 as of its most recent SEC filing.

Other hedge funds have also recently modified their holdings of the company. William Blair Investment Management LLC lifted its stake in Trex by 69.1% during the 1st quarter. William Blair Investment Management LLC now owns 2,864,456 shares of the construction company’s stock worth $176,221,000 after acquiring an additional 1,170,545 shares in the last quarter. State of New Jersey Common Pension Fund D bought a new position in shares of Trex during the second quarter valued at about $25,812,000. SG Capital Management LLC bought a new position in shares of Trex during the second quarter valued at about $21,195,000. Handelsbanken Fonder AB lifted its position in shares of Trex by 151.3% during the second quarter. Handelsbanken Fonder AB now owns 490,000 shares of the construction company’s stock valued at $35,133,000 after purchasing an additional 295,000 shares in the last quarter. Finally, Wasatch Advisors Inc. lifted its position in shares of Trex by 11.0% during the first quarter. Wasatch Advisors Inc. now owns 2,108,330 shares of the construction company’s stock valued at $129,704,000 after purchasing an additional 208,121 shares in the last quarter. 96.86% of the stock is currently owned by institutional investors.

A number of research analysts recently weighed in on TREX shares. SunTrust Banks raised their price target on shares of Trex to $70.00 and gave the company a “hold” rating in a research report on Tuesday, July 30th. DA Davidson set a $96.00 price target on Trex and gave the company a “buy” rating in a research note on Thursday, August 29th. Berenberg Bank reissued a “buy” rating and set a $80.00 price objective on shares of Trex in a research note on Tuesday, July 30th. Zacks Investment Research lowered Trex from a “buy” rating to a “hold” rating in a research note on Saturday, July 27th. Finally, Sidoti lowered Trex from a “buy” rating to a “neutral” rating and set a $84.00 price objective for the company. in a research note on Tuesday, August 6th. They noted that the move was a valuation call. Seven equities research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. The stock has an average rating of “Hold” and an average target price of $78.78.

Trex stock traded up $1.08 during mid-day trading on Friday, hitting $90.09. 9,393 shares of the company’s stock were exchanged, compared to its average volume of 531,801. The company has a current ratio of 3.51, a quick ratio of 2.99 and a debt-to-equity ratio of 0.09. The stock has a market cap of $5.12 billion, a P/E ratio of 38.20, a P/E/G ratio of 3.71 and a beta of 1.99. Trex Company Inc has a 1-year low of $50.88 and a 1-year high of $90.12. The stock has a 50 day moving average of $82.15 and a two-hundred day moving average of $72.23.

Trex (NYSE:TREX) last released its earnings results on Monday, July 29th. The construction company reported $0.64 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.64. Trex had a return on equity of 35.94% and a net margin of 17.61%. The business had revenue of $206.45 million for the quarter, compared to the consensus estimate of $201.70 million. During the same period last year, the business earned $0.73 earnings per share. The firm’s revenue for the quarter was down .1% compared to the same quarter last year. As a group, research analysts predict that Trex Company Inc will post 2.36 EPS for the current fiscal year.

In other Trex news, Director Jay M. Gratz sold 2,817 shares of the firm’s stock in a transaction dated Friday, September 6th. The shares were sold at an average price of $86.67, for a total transaction of $244,149.39. Following the completion of the transaction, the director now owns 16,515 shares in the company, valued at $1,431,355.05. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, VP Jay T. Scripter sold 25,758 shares of the firm’s stock in a transaction dated Thursday, June 20th. The stock was sold at an average price of $69.15, for a total transaction of $1,781,165.70. Following the transaction, the vice president now owns 573 shares of the company’s stock, valued at approximately $39,622.95. The disclosure for this sale can be found here. Over the last three months, insiders have sold 66,330 shares of company stock worth $5,087,092. 0.93% of the stock is owned by company insiders.

About Trex

Trex Co, Inc engages in the manufacture of wood-alternative decking and railing. Its products include deck framing and drainage, outdoor lighting, furniture, pergola and outdoor kitchens, fencing, collections, and accessory hardware. It operates through the following segments Trex Residential Products and Trex Commercial Products.

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Institutional Ownership by Quarter for Trex (NYSE:TREX)

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