Trex Company, Inc. (TREX) Is Forming Descending Triangle Pattern at $112.13

April 16, 2018 - By Jason Dias

Trex Company, Inc. (NYSE:TREX) Corporate Logo

During 2017 Q4 the big money sentiment decreased to 1.06. That’s change of 0.29, from 2017Q3’s 1.35. 8 investors sold all, 93 reduced holdings as Trex Company, Inc. ratio dropped. 58 grew holdings while 49 funds amassed holdings. Funds hold 25.62 million shares thus 0.85% less from 2017Q3’s 25.84 million shares.
Products Partners Ltd Llc holds 27,718 shs. Arizona State Retirement Sys holds 0.05% of its capital in Trex Company, Inc. (NYSE:TREX) for 49,456 shs. Shelton Capital Mngmt has invested 0.08% of its capital in Trex Company, Inc. (NYSE:TREX). Moreover, Osterweis Capital Incorporated has 0.24% invested in Trex Company, Inc. (NYSE:TREX). Sg Americas Lc owns 11,384 shs or 0.01% of their US capital. Renaissance Techs Ltd reported 19,100 shs. Moreover, Winslow Evans & Crocker has 0.02% invested in Trex Company, Inc. (NYSE:TREX). Westwood Grp Inc Inc Inc owns 0.1% invested in Trex Company, Inc. (NYSE:TREX) for 120,428 shs. Lazard Asset Mgmt Ltd Limited Liability Company, New York-based fund reported 30 shs. Lenox Wealth Advsr invested in 100 shs. Blackrock stated it has 3.97M shs. Asset Mgmt One Ltd invested 0% of its capital in Trex Company, Inc. (NYSE:TREX). National Bank & Trust Of Nova Scotia has 16,200 shs. Moreover, Hsbc Public Limited Company has 0% invested in Trex Company, Inc. (NYSE:TREX) for 2,693 shs. Fiera Cap Corp invested in 72,130 shs.

Trex Company, Inc. had 8 insider sales and 1 insider buy since January 16, 2018. This’s net activity of $4.58 million. GRATZ JAY M also sold $259,587 worth of Trex Company, Inc. (NYSE:TREX) on Tuesday, February 20. $370,973 worth of Trex Company, Inc. (NYSE:TREX) was sold by Gupp William R. on Friday, February 23. 52 shs were bought by SCRIPTER JAY T, worth $4,807. Gerhard Christopher Paul sold $376,164 worth of stock or 3,500 shs. Another trade for 4,051 shs valued at $437,754 was sold by Golden Michael F. 21,669 shs valued at $2.31M were sold by Cline James E on Thursday, February 22.

Trading at $112.13 Trex Company, Inc. (TREX) showed triangle with $122.22 target. $3.30 billion MC has the stock. $296.91M more could be TREX valuation at $122.22 share price.

The stock increased 1.38% or $1.53 during the last trading session, reaching $112.13.Currently Trex Company, Inc. is uptrending after 53.31% change in last April 16, 2017. TREX has 32,896 shares volume. The stock outperformed the S&P 500 by 41.76%.

Analysts await Trex Company, Inc. (NYSE:TREX) to report earnings on May, 3. They expect $1.17 earnings per share, up 23.16 % or $0.22 from last year’s $0.95 per share. TREX’s profit will be $34.42M for 23.96 P/E if the $1.17 EPS becomes a reality. After $0.56 actual earnings per share reported by Trex Company, Inc. for the previous quarter, Wall Street now forecasts 108.93 % EPS growth.

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

Total analysts of 5 have positions in Trex Company (NYSE:TREX) as follows: 3 rated it a “Buy”, 0 with “Sell” and 2 with “Hold”. The positive are 60%. Since October 31, 2017 according to StockzIntelligence Inc Trex Company has 12 analyst reports. On Thursday, February 22 the firm has “Buy” rating by FBR Capital given. The stock rating was maintained by SunTrust with “Hold” on Thursday, February 22. On Tuesday, October 31 Stifel Nicolaus maintained Trex Company, Inc. (NYSE:TREX) with “Hold” rating. On Thursday, February 22 the firm has “Hold” rating given by Stifel Nicolaus. In Thursday, February 22 report B. Riley & Co maintained the stock with “Buy” rating. On Wednesday, January 3 the stock of Trex Company, Inc. (NYSE:TREX) has “Buy” rating given by FBR Capital. On Thursday, January 11 the firm earned “Buy” rating by Seaport Global. In Thursday, March 22 report FBR Capital maintained the stock with “Buy” rating. In Wednesday, January 3 report B. Riley & Co upgraded the stock to “Buy” rating. In Friday, December 8 report Stifel Nicolaus maintained the stock with “Hold” rating.

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

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