Loring Wolcott & Coolidge Fiduciary Advisors LLP MA Boosts Stake in Trex Company, Inc. (NYSE:TREX)

Loring Wolcott & Coolidge Fiduciary Advisors LLP MA raised its stake in shares of Trex Company, Inc. (NYSE:TREXGet Rating) by 3.1% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 134,415 shares of the construction company’s stock after acquiring an additional 4,096 shares during the period. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA’s holdings in Trex were worth $18,150,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently bought and sold shares of TREX. Amundi Pioneer Asset Management Inc. grew its holdings in Trex by 50.5% during the 1st quarter. Amundi Pioneer Asset Management Inc. now owns 337,153 shares of the construction company’s stock valued at $20,742,000 after buying an additional 113,161 shares during the last quarter. Morgan Stanley raised its position in shares of Trex by 49.5% in the 2nd quarter. Morgan Stanley now owns 414,757 shares of the construction company’s stock worth $42,393,000 after buying an additional 137,260 shares during the period. O Shaughnessy Asset Management LLC raised its position in Trex by 36.7% in the third quarter. O Shaughnessy Asset Management LLC now owns 1,084 shares of the construction company’s stock valued at $111,000 after purchasing an additional 291 shares during the period. AlphaCrest Capital Management LLC raised its position in Trex by 76.6% in the third quarter. AlphaCrest Capital Management LLC now owns 5,527 shares of the construction company’s stock valued at $563,000 after purchasing an additional 2,397 shares during the period. Finally, US Bancorp DE raised its position in Trex by 2.5% in the third quarter. US Bancorp DE now owns 12,688 shares of the construction company’s stock valued at $1,293,000 after purchasing an additional 309 shares during the period. 93.63% of the stock is owned by hedge funds and other institutional investors.

Shares of TREX traded up $2.42 during midday trading on Wednesday, reaching $62.50. The stock had a trading volume of 825,306 shares, compared to its average volume of 1,395,157. The firm has a 50 day simple moving average of $63.74 and a 200-day simple moving average of $93.64. Trex Company, Inc. has a one year low of $51.76 and a one year high of $140.98. The firm has a market cap of $7.07 billion, a PE ratio of 31.09, a P/E/G ratio of 1.40 and a beta of 1.44.

Trex (NYSE:TREXGet Rating) last announced its quarterly earnings data on Monday, May 9th. The construction company reported $0.62 EPS for the quarter, beating analysts’ consensus estimates of $0.54 by $0.08. Trex had a net margin of 17.90% and a return on equity of 38.31%. The company had revenue of $339.23 million during the quarter, compared to the consensus estimate of $326.67 million. During the same quarter last year, the firm posted $0.42 EPS. The company’s quarterly revenue was up 38.2% on a year-over-year basis. As a group, analysts anticipate that Trex Company, Inc. will post 2.49 earnings per share for the current fiscal year.

TREX has been the subject of a number of research reports. Bank of America assumed coverage on Trex in a research note on Monday, April 25th. They issued an “underperform” rating and a $60.00 price target for the company. TheStreet cut Trex from a “b” rating to a “c+” rating in a report on Monday, February 28th. JPMorgan Chase & Co. decreased their price target on shares of Trex from $78.00 to $69.00 and set an “underweight” rating on the stock in a research report on Wednesday, April 20th. Zelman & Associates assumed coverage on shares of Trex in a research report on Monday, March 14th. They issued a “hold” rating on the stock. Finally, Barclays lowered their price objective on shares of Trex from $84.00 to $68.00 in a research report on Tuesday, May 10th. Three research analysts have rated the stock with a sell rating, eleven have assigned a hold rating and four have given a buy rating to the stock. According to MarketBeat.com, Trex currently has a consensus rating of “Hold” and an average price target of $91.39.

Trex Company Profile (Get Rating)

Trex Company, Inc manufactures and distributes decking, railing, and outdoor living products and accessories for residential and commercial markets in the United States. The company operates in two segments, Trex Residential and Trex Commercial. It offers decking products under the names Trex Transcend, Trex Select, 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.

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Institutional Ownership by Quarter for Trex (NYSE:TREX)

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