Is Buying Stock Like Trex Company, Inc. (TREX) After Such Increase Winning Strategy?

Trex Company, Inc. (NYSE:TREX) Logo

Investors sentiment increased to 1.22 in 2019 Q1. Its up 0.05, from 1.17 in 2018Q4. It is positive, as 30 investors sold Trex Company, Inc. shares while 80 reduced holdings. 55 funds opened positions while 79 raised stakes. 51.33 million shares or 1.82% less from 52.29 million shares in 2018Q4 were reported.
Amundi Pioneer Asset Management holds 0.03% of its portfolio in Trex Company, Inc. (NYSE:TREX) for 337,153 shares. Alyeska Investment Group Ltd Partnership accumulated 0.01% or 13,753 shares. United Ser Automobile Association invested in 9,004 shares. Signaturefd Limited Liability Corp reported 0% in Trex Company, Inc. (NYSE:TREX). Ny State Teachers Retirement System holds 16,665 shares or 0% of its portfolio. Frontier Mngmt Communications Limited Liability Company reported 0.19% of its portfolio in Trex Company, Inc. (NYSE:TREX). Alps Inc, Colorado-based fund reported 5,612 shares. Bamco invested in 0.51% or 1.97 million shares. Whittier Of Nevada Incorporated invested in 0% or 384 shares. 6,446 are owned by Stone Ridge Asset Management. Sun Life Incorporated accumulated 5,006 shares or 0.07% of the stock. Northern Trust Corporation has 827,614 shares for 0.01% of their portfolio. Stephens Ar stated it has 5,668 shares. Amer Gp accumulated 154,087 shares. Boothbay Fund Lc stated it has 15,503 shares or 0.09% of all its holdings.

The stock of Trex Company, Inc. (NYSE:TREX) is a huge mover today! The stock increased 2.96% or $2.41 during the last trading session, reaching $83.86. About 680,373 shares traded. Trex Company, Inc. (NYSE:TREX) has risen 27.52% since August 15, 2018 and is uptrending. It has outperformed by 27.52% the S&P500.
The move comes after 6 months positive chart setup for the $4.90 billion company. It was reported on Aug, 15 by Barchart.com. We have $88.05 PT which if reached, will make NYSE:TREX worth $244.95M more.

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

Among 3 analysts covering Trex Co (NYSE:TREX), 3 have Buy rating, 0 Sell and 0 Hold. Therefore 100% are positive. Trex Co has $89 highest and $72 lowest target. $80.25’s average target is -4.30% below currents $83.86 stock price. Trex Co had 11 analyst reports since February 20, 2019 according to SRatingsIntel. The stock of Trex Company, Inc. (NYSE:TREX) earned “Buy” rating by Sidoti on Friday, March 29. The firm has “Buy” rating by Stifel Nicolaus given on Thursday, March 28. Berenberg maintained the stock with “Buy” rating in Tuesday, February 26 report.

More notable recent Trex Company, Inc. (NYSE:TREX) news were published by: Finance.Yahoo.com which released: “A Closer Look At Trex Company, Inc.’s (NYSE:TREX) Impressive ROE – Yahoo Finance” on July 30, 2019, also Seekingalpha.com with their article: “Trex Q1 earnings miss reflects new product start-up costs – Seeking Alpha” published on April 29, 2019, Finance.Yahoo.com published: “Why Trex Stumbled in Q1, and What It Means Going Forward – Yahoo Finance” on May 02, 2019. More interesting news about Trex Company, Inc. (NYSE:TREX) were released by: Businesswire.com and their article: “Trex Company Reports Second Quarter 2019 Results – Business Wire” published on July 29, 2019 as well as Finance.Yahoo.com‘s news article titled: “Is Trex Stock Still a Good Buy? – Yahoo Finance” with publication date: April 28, 2019.

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 $4.90 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 40.53 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.

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

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