Federated Investors Inc. PA Buys 147,601 Shares of Trex Company Inc (NYSE:TREX)

Federated Investors Inc. PA boosted its stake in shares of Trex Company Inc (NYSE:TREX) by 234.1% during the 1st quarter, according to its most recent 13F filing with the SEC. The firm owned 210,664 shares of the construction company’s stock after buying an additional 147,601 shares during the period. Federated Investors Inc. PA’s holdings in Trex were worth $12,961,000 at the end of the most recent quarter.

A number of other large investors also recently added to or reduced their stakes in TREX. Advisors Preferred LLC bought a new position in Trex in the 1st quarter valued at $26,000. CENTRAL TRUST Co grew its position in Trex by 189.7% in the 1st quarter. CENTRAL TRUST Co now owns 504 shares of the construction company’s stock valued at $31,000 after acquiring an additional 330 shares during the last quarter. FMR LLC grew its position in Trex by 27.9% in the 4th quarter. FMR LLC now owns 632 shares of the construction company’s stock valued at $38,000 after acquiring an additional 138 shares during the last quarter. Wealthcare Advisory Partners LLC grew its position in Trex by 30.8% in the 4th quarter. Wealthcare Advisory Partners LLC now owns 850 shares of the construction company’s stock valued at $50,000 after acquiring an additional 200 shares during the last quarter. Finally, Quantamental Technologies LLC bought a new position in Trex in the 1st quarter valued at $60,000. Institutional investors own 96.86% of the company’s stock.

In other news, SVP William R. Gupp sold 4,563 shares of the stock in a transaction on Wednesday, May 1st. The stock was sold at an average price of $68.69, for a total transaction of $313,432.47. Following the transaction, the senior vice president now owns 63,945 shares of the company’s stock, valued at approximately $4,392,382.05. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, insider James E. Cline sold 11,980 shares of the stock in a transaction on Wednesday, May 1st. The stock was sold at an average price of $68.34, for a total value of $818,713.20. Following the transaction, the insider now directly owns 81,897 shares in the company, valued at approximately $5,596,840.98. The disclosure for this sale can be found here. 0.93% of the stock is currently owned by corporate insiders.

TREX opened at $69.11 on Monday. Trex Company Inc has a 12-month low of $50.88 and a 12-month high of $90.74. The company has a debt-to-equity ratio of 0.11, a quick ratio of 2.26 and a current ratio of 2.73. The firm has a market cap of $4.04 billion, a PE ratio of 29.41, a PEG ratio of 2.87 and a beta of 2.06.

Trex (NYSE:TREX) last posted its quarterly earnings results on Monday, April 29th. The construction company reported $0.54 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.59 by ($0.05). Trex had a return on equity of 40.07% and a net margin of 18.63%. The firm had revenue of $179.57 million for the quarter, compared to the consensus estimate of $176.75 million. During the same period in the previous year, the company posted $0.63 EPS. Trex’s quarterly revenue was up 4.9% compared to the same quarter last year. On average, equities analysts expect that Trex Company Inc will post 2.41 EPS for the current year.

Several brokerages have commented on TREX. Sidoti downgraded Trex from a “buy” rating to a “neutral” rating and set a $80.00 price objective on the stock. in a research report on Wednesday, February 20th. B. Riley reaffirmed a “buy” rating and issued a $80.00 price objective (up previously from $71.00) on shares of Trex in a research report on Friday, February 15th. Zacks Investment Research raised Trex from a “hold” rating to a “buy” rating and set a $85.00 price objective on the stock in a research report on Thursday, April 18th. Berenberg Bank reaffirmed a “buy” rating and issued a $89.00 price objective on shares of Trex in a research report on Wednesday, February 27th. Finally, SunTrust Banks cut their price objective on Trex to $63.00 and set a “hold” rating on the stock in a research report on Tuesday, April 30th. They noted that the move was a valuation call. Five analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. Trex presently has an average rating of “Hold” and a consensus price target of $75.13.

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Trex Company Profile

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.

Further Reading: Momentum Indicators

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Institutional Ownership by Quarter for Trex (NYSE:TREX)

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