Is Trex Company, Inc. (TREX) a Buy? The Stock Rises Again

Trex Company, Inc. (NYSE:TREX) Logo

Investors sentiment increased to 1.22 in Q1 2019. Its up 0.05, from 1.17 in 2018Q4. It improved, 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.
Stone Ridge Asset Ltd Com owns 6,446 shares. Clearbridge Investments Limited Liability Corp invested 0.18% of its portfolio in Trex Company, Inc. (NYSE:TREX). 6,521 were accumulated by First Mercantile Tru. Minnesota-based Sit Invest Assoc has invested 0.02% in Trex Company, Inc. (NYSE:TREX). 4,762 were reported by Raymond James Financial Svcs Advsr. Bb&T has 0.01% invested in Trex Company, Inc. (NYSE:TREX) for 4,588 shares. Alps Advisors invested 0% of its portfolio in Trex Company, Inc. (NYSE:TREX). Moreover, Tudor Invest Et Al has 0.09% invested in Trex Company, Inc. (NYSE:TREX) for 37,134 shares. Whittier Tru Commerce accumulated 2,958 shares. Fiera Capital has invested 0.01% in Trex Company, Inc. (NYSE:TREX). Shelton Cap holds 794 shares or 0.05% of its portfolio. United Services Automobile Association reported 9,004 shares or 0% of all its holdings. Tiaa Cref Inv Mngmt Ltd holds 0% or 114,292 shares. 100 were reported by Burt Wealth Advsr. Robeco Institutional Asset Bv has invested 0% of its portfolio in Trex Company, Inc. (NYSE:TREX).

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 firm has “Buy” rating by Berenberg given on Tuesday, February 26. The company was upgraded on Thursday, March 28 by Stifel Nicolaus. Sidoti upgraded Trex Company, Inc. (NYSE:TREX) rating on Friday, March 29. Sidoti has “Buy” rating and $80 target.

More notable recent Trex Company, Inc. (NYSE:TREX) news were published by: Fool.com which released: “How to Make ESG Investing Work – The Motley Fool” on August 12, 2019, also Businesswire.com with their article: “Trex Company Named 2019 Eco-Leader by Green Builder Media – Business Wire” published on August 13, 2019, Globenewswire.com published: “Trex “Transcends” the Competition in Pro Remodeler Reader Poll – GlobeNewswire” on August 06, 2019. More interesting news about Trex Company, Inc. (NYSE:TREX) were released by: Seekingalpha.com and their article: “UA, MDR, IT and AMKR among midday movers – Seeking Alpha” published on July 30, 2019 as well as Finance.Yahoo.com‘s news article titled: “Did Hedge Funds Drop The Ball On Trex Company, Inc. (TREX) ? – Yahoo Finance” with publication date: April 25, 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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