Oberweis Asset Management Inc. Purchases 9,090 Shares of Trex Company Inc (TREX)

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Oberweis Asset Management Inc. boosted its position in Trex Company Inc (NYSE:TREX) by 9.7% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 103,030 shares of the construction company’s stock after purchasing an additional 9,090 shares during the quarter. Trex comprises 1.4% of Oberweis Asset Management Inc.’s holdings, making the stock its 18th biggest position. Oberweis Asset Management Inc.’s holdings in Trex were worth $6,116,000 at the end of the most recent quarter.

A number of other large investors have also recently modified their holdings of the stock. First Hawaiian Bank acquired a new position in Trex during the 4th quarter valued at about $25,000. Trust Co. of Vermont increased its stake in Trex by 83.1% during the 4th quarter. Trust Co. of Vermont now owns 606 shares of the construction company’s stock valued at $36,000 after buying an additional 275 shares during the period. Meeder Asset Management Inc. increased its stake in Trex by 1,283.6% during the 4th quarter. Meeder Asset Management Inc. now owns 927 shares of the construction company’s stock valued at $55,000 after buying an additional 860 shares during the period. Valeo Financial Advisors LLC increased its stake in Trex by 1,984.6% during the 4th quarter. Valeo Financial Advisors LLC now owns 1,084 shares of the construction company’s stock valued at $64,000 after buying an additional 1,032 shares during the period. Finally, Clearbridge LLC increased its stake in Trex by 10.4% during the 4th quarter. Clearbridge LLC now owns 2,114 shares of the construction company’s stock valued at $125,000 after buying an additional 200 shares during the period. Hedge funds and other institutional investors own 93.81% of the company’s stock.

Several equities analysts have commented on TREX shares. Zacks Investment Research cut shares of Trex from a “hold” rating to a “sell” rating in a research note on Tuesday, January 1st. ValuEngine raised shares of Trex from a “sell” rating to a “hold” rating in a research note on Wednesday, January 2nd. Jefferies Financial Group started coverage on shares of Trex in a research note on Wednesday, January 9th. They set a “hold” rating and a $60.00 target price on the stock. B. Riley reissued a “buy” rating and set a $80.00 target price (up previously from $71.00) on shares of Trex in a research note on Friday, February 15th. Finally, Sidoti cut shares of Trex from a “buy” rating to a “neutral” rating and set a $80.00 target price on the stock. in a research note on Wednesday, February 20th. Five investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $74.33.

Shares of TREX traded up $0.49 during mid-day trading on Friday, hitting $70.56. The company’s stock had a trading volume of 2,703 shares, compared to its average volume of 562,062. The stock has a market capitalization of $4.16 billion, a P/E ratio of 29.97, a P/E/G ratio of 3.54 and a beta of 2.00. Trex Company Inc has a fifty-two week low of $50.88 and a fifty-two week high of $90.74.

Trex (NYSE:TREX) last announced its quarterly earnings data on Thursday, February 14th. The construction company reported $0.43 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.36 by $0.07. The company had revenue of $140.00 million for the quarter, compared to analysts’ expectations of $131.40 million. Trex had a net margin of 19.67% and a return on equity of 45.17%. The business’s revenue was up 14.8% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.56 EPS. On average, equities research analysts forecast that Trex Company Inc will post 2.54 earnings per share for the current fiscal year.

In other news, insider James E. Cline sold 13,495 shares of Trex stock in a transaction that occurred on Tuesday, February 19th. The shares were sold at an average price of $77.95, for a total value of $1,051,935.25. Following the transaction, the insider now owns 82,391 shares of the company’s stock, valued at approximately $6,422,378.45. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, SVP William R. Gupp sold 4,306 shares of Trex stock in a transaction that occurred on Tuesday, February 19th. The stock was sold at an average price of $76.74, for a total transaction of $330,442.44. Following the completion of the transaction, the senior vice president now directly owns 68,486 shares in the company, valued at approximately $5,255,615.64. The disclosure for this sale can be found here. Insiders own 1.17% of the company’s stock.

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Trex Profile

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. 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.

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Institutional Ownership by Quarter for Trex (NYSE:TREX)

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