Trex Co Inc (NYSE:TREX) Stock Sentiment Worsens

May 18, 2018 - By Milton Kimbrough

Trex Company, Inc. (NYSE:TREX) Logo

Sentiment for Trex Co Inc (NYSE:TREX)

Trex Co Inc (NYSE:TREX) institutional sentiment decreased to 1.06 in 2017 Q4. Its down -0.29, from 1.35 in 2017Q3. The ratio fall, as 107 investment managers increased or started new positions, while 101 cut down and sold stakes in Trex Co Inc. The investment managers in our partner’s database now have: 25.62 million shares, down from 25.84 million shares in 2017Q3. Also, the number of investment managers holding Trex Co Inc in their top 10 positions was flat from 3 to 3 for the same number . Sold All: 8 Reduced: 93 Increased: 58 New Position: 49.

Trex Company, Inc. manufactures and distributes wood/plastic composite products, and related accessories primarily for the residential and commercial decking, and railing applications in the United States. The company has market cap of $3.39 billion. It offers Trex Transcend, Trex Enhance, and Trex Select protective shells for protection against fading, staining, mold, and scratching; and Trex Hideaway, a hidden fastening system for grooved boards. It has a 35.79 P/E ratio. The firm also provides railing products, such as Trex Transcend Railing for use with Trex decking products and other decking materials; Trex Select Railing for consumers, who desire a simple clean finished look for their decks; and Trex Signature aluminum railing for contemporary look.

The stock increased 0.84% or $0.96 during the last trading session, reaching $115.25. About 10,950 shares traded. Trex Company, Inc. (NYSE:TREX) has risen 53.31% since May 18, 2017 and is uptrending. It has outperformed by 41.76% the S&P500.

Analysts await Trex Company, Inc. (NYSE:TREX) to report earnings on July, 30. They expect $1.29 EPS, up 32.99 % or $0.32 from last year’s $0.97 per share. TREX’s profit will be $37.96M for 22.34 P/E if the $1.29 EPS becomes a reality. After $1.25 actual EPS reported by Trex Company, Inc. for the previous quarter, Wall Street now forecasts 3.20 % EPS growth.

Agf Investments America Inc. holds 3.28% of its portfolio in Trex Company, Inc. for 81,255 shares. Conestoga Capital Advisors Llc owns 670,834 shares or 2.79% of their US portfolio. Moreover, Emerald Advisers Inc Pa has 1.62% invested in the company for 387,741 shares. The Pennsylvania-based Emerald Mutual Fund Advisers Trust has invested 1.31% in the stock. Wasatch Advisors Inc, a Utah-based fund reported 845,904 shares.

Since January 1, 0001, it had 1 insider purchase, and 11 selling transactions for $7.35 million activity.

Trex Company, Inc. (NYSE:TREX) Ratings Coverage

Ratings analysis reveals 67% of Trex Company’s analysts are positive. Out of 6 Wall Street analysts rating Trex Company, 4 give it “Buy”, 0 “Sell” rating, while 2 recommend “Hold”. The lowest target is $100.0 while the high is $141. The stock’s average target of $122.67 is 6.44% above today’s ($115.25) share price. TREX was included in 11 notes of analysts from December 8, 2017. The stock has “Buy” rating by FBR Capital on Wednesday, January 3. The rating was upgraded by B. Riley & Co on Wednesday, January 3 to “Buy”. Stifel Nicolaus maintained the shares of TREX in report on Friday, December 8 with “Hold” rating. The firm earned “Hold” rating on Thursday, February 22 by SunTrust. FBR Capital maintained Trex Company, Inc. (NYSE:TREX) on Thursday, March 22 with “Buy” rating. The firm has “Buy” rating given on Tuesday, May 8 by FBR Capital. On Thursday, February 22 the stock rating was maintained by FBR Capital with “Buy”. Sidoti upgraded the stock to “Buy” rating in Tuesday, May 8 report. Stifel Nicolaus maintained Trex Company, Inc. (NYSE:TREX) on Thursday, February 22 with “Hold” rating. The stock of Trex Company, Inc. (NYSE:TREX) has “Buy” rating given on Thursday, January 11 by Seaport Global.

More recent Trex Company, Inc. (NYSE:TREX) news were published by: Globenewswire.com which released: “Trex Company Announces Plastic Film Recycling Challenge Winners” on May 04, 2018. Also Seekingalpha.com published the news titled: “Trex’s (TREX) CEO James Cline on Q1 2018 Results – Earnings Call Transcript” on May 08, 2018. Foxbusiness.com‘s news article titled: “Trex Company Inc Continues to Deliver Record Growth” with publication date: May 11, 2018 was also an interesting one.

Trex Company, Inc. (NYSE:TREX) Institutional Positions Chart

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