Dubuque Bank & Trust Co. Takes Position in Trex Company Inc (TREX)

Dubuque Bank & Trust Co. purchased a new position in Trex Company Inc (NYSE:TREX) during the fourth quarter, HoldingsChannel reports. The fund purchased 3,294 shares of the construction company’s stock, valued at approximately $357,000.

Several other institutional investors have also recently made changes to their positions in the company. Bessemer Group Inc. increased its position in shares of Trex by 352.7% in the third quarter. Bessemer Group Inc. now owns 1,435 shares of the construction company’s stock worth $129,000 after purchasing an additional 1,118 shares during the last quarter. Greenwood Capital Associates LLC bought a new position in shares of Trex in the third quarter worth approximately $202,000. Everence Capital Management Inc. bought a new position in shares of Trex in the third quarter worth approximately $212,000. Teacher Retirement System of Texas bought a new position in shares of Trex in the third quarter worth approximately $219,000. Finally, Ladenburg Thalmann Financial Services Inc. increased its position in shares of Trex by 27.7% in the third quarter. Ladenburg Thalmann Financial Services Inc. now owns 2,546 shares of the construction company’s stock worth $228,000 after purchasing an additional 553 shares during the last quarter. 88.72% of the stock is currently owned by hedge funds and other institutional investors.

Trex Company Inc (NYSE:TREX) opened at $108.57 on Friday. Trex Company Inc has a 52-week low of $61.57 and a 52-week high of $120.40. The company has a market cap of $3,322.66, a P/E ratio of 35.83 and a beta of 2.31.

Trex (NYSE:TREX) last issued its quarterly earnings results on Monday, October 30th. The construction company reported $0.68 EPS for the quarter, beating analysts’ consensus estimates of $0.55 by $0.13. Trex had a net margin of 16.61% and a return on equity of 51.30%. The business had revenue of $140.19 million for the quarter, compared to analysts’ expectations of $125.30 million. During the same period last year, the business earned $0.26 earnings per share. The business’s quarterly revenue was up 32.0% on a year-over-year basis. equities analysts expect that Trex Company Inc will post 3.14 EPS for the current fiscal year.

In other news, Director Frank H. Merlotti, Jr. sold 2,158 shares of the firm’s stock in a transaction that occurred on Wednesday, November 15th. The shares were sold at an average price of $105.51, for a total value of $227,690.58. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Jay M. Gratz sold 1,058 shares of the firm’s stock in a transaction that occurred on Tuesday, January 16th. The stock was sold at an average price of $116.95, for a total transaction of $123,733.10. Following the completion of the transaction, the director now owns 8,801 shares in the company, valued at approximately $1,029,276.95. The disclosure for this sale can be found here. Insiders have sold 6,956 shares of company stock worth $767,076 over the last quarter. Company insiders own 0.95% of the company’s stock.

Several research analysts recently weighed in on TREX shares. Zacks Investment Research upgraded shares of Trex from a “sell” rating to a “buy” rating and set a $123.00 price objective on the stock in a research report on Thursday, November 2nd. B. Riley upgraded shares of Trex from a “neutral” rating to a “buy” rating and upped their price objective for the stock from $96.00 to $125.00 in a research report on Wednesday, January 3rd. Stifel Nicolaus decreased their price objective on shares of Trex from $100.00 to $89.00 and set a “hold” rating on the stock in a research report on Friday, December 8th. SunTrust Banks reiterated a “hold” rating and set a $95.00 price target on shares of Trex in a research report on Wednesday, November 1st. Finally, FBR & Co increased their price target on shares of Trex from $80.00 to $96.00 and gave the company a “neutral” rating in a research report on Tuesday, October 31st. Five investment analysts have rated the stock with a hold rating, three have given a buy rating and one has given a strong buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and a consensus price target of $99.00.

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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.

Want to see what other hedge funds are holding TREX? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Trex Company Inc (NYSE:TREX).

Institutional Ownership by Quarter for Trex (NYSE:TREX)

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