Uniplan Investment Counsel Inc. Acquires 41,772 Shares of Trex Company Inc (TREX)

Uniplan Investment Counsel Inc. increased its holdings in shares of Trex Company Inc (NYSE:TREX) by 51.3% during the third quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 123,172 shares of the construction company’s stock after purchasing an additional 41,772 shares during the period. Uniplan Investment Counsel Inc. owned 0.42% of Trex worth $11,094,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Alps Advisors Inc. boosted its stake in shares of Trex by 0.3% during the second quarter. Alps Advisors Inc. now owns 6,776 shares of the construction company’s stock valued at $458,000 after purchasing an additional 18 shares in the last quarter. Pinebridge Investments L.P. lifted its position in Trex by 1.1% during the second quarter. Pinebridge Investments L.P. now owns 3,873 shares of the construction company’s stock valued at $262,000 after acquiring an additional 41 shares during the last quarter. Virginia Retirement Systems ET AL lifted its position in Trex by 1.6% during the second quarter. Virginia Retirement Systems ET AL now owns 6,200 shares of the construction company’s stock valued at $419,000 after acquiring an additional 100 shares during the last quarter. The Manufacturers Life Insurance Company lifted its position in Trex by 0.5% during the second quarter. The Manufacturers Life Insurance Company now owns 22,720 shares of the construction company’s stock valued at $1,537,000 after acquiring an additional 104 shares during the last quarter. Finally, Renaissance Group LLC lifted its position in Trex by 2.5% during the second quarter. Renaissance Group LLC now owns 4,856 shares of the construction company’s stock valued at $329,000 after acquiring an additional 119 shares during the last quarter. Hedge funds and other institutional investors own 89.09% of the company’s stock.

A number of research firms recently commented on TREX. BidaskClub raised shares of Trex from a “buy” rating to a “strong-buy” rating in a research report on Friday, September 1st. Zacks Investment Research cut shares of Trex from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, October 4th. SunTrust Banks reissued a “hold” rating and set a $95.00 target price on shares of Trex in a research report on Wednesday, November 1st. Sidoti cut shares of Trex from a “buy” rating to a “neutral” rating and set a $89.00 target price for the company. in a research report on Monday, October 2nd. Finally, B. Riley reissued a “neutral” rating and set a $96.00 target price (up previously from $80.00) on shares of Trex in a research report on Wednesday, November 1st. Eight 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 company’s stock. Trex currently has an average rating of “Hold” and a consensus price target of $90.00.

In other Trex news, Director Richard E. Posey sold 2,322 shares of the firm’s stock in a transaction on Wednesday, November 22nd. The shares were sold at an average price of $111.19, for a total value of $258,183.18. Following the completion of the transaction, the director now owns 11,591 shares of the company’s stock, valued at $1,288,803.29. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, Director Jay M. Gratz sold 1,418 shares of the firm’s stock in a transaction on Tuesday, December 5th. The stock was sold at an average price of $111.05, for a total transaction of $157,468.90. Following the completion of the transaction, the director now directly owns 8,901 shares of the company’s stock, valued at approximately $988,456.05. The disclosure for this sale can be found here. In the last ninety days, insiders sold 7,014 shares of company stock valued at $764,529. Corporate insiders own 0.95% of the company’s stock.

Trex Company Inc (NYSE:TREX) traded up $0.97 during midday trading on Thursday, hitting $110.73. 123,000 shares of the company’s stock were exchanged, compared to its average volume of 235,276. The stock has a market capitalization of $3,229.68, a PE ratio of 36.22 and a beta of 2.43. Trex Company Inc has a fifty-two week low of $61.57 and a fifty-two week high of $118.65.

Trex (NYSE:TREX) last posted its quarterly earnings results on Monday, October 30th. The construction company reported $0.68 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.55 by $0.13. The business had revenue of $140.19 million during the quarter, compared to analysts’ expectations of $125.30 million. Trex had a net margin of 16.61% and a return on equity of 51.30%. The business’s quarterly revenue was up 32.0% on a year-over-year basis. During the same quarter last year, the company posted $0.26 earnings per share. analysts expect that Trex Company Inc will post 3.11 earnings per share for the current year.

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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.

Institutional Ownership by Quarter for Trex (NYSE:TREX)

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