Curbstone Financial Management Corp Sells 900 Shares of Trex Company Inc (NYSE:TREX)

Curbstone Financial Management Corp trimmed its holdings in Trex Company Inc (NYSE:TREX) by 4.0% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 21,690 shares of the construction company’s stock after selling 900 shares during the quarter. Curbstone Financial Management Corp’s holdings in Trex were worth $1,972,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also modified their holdings of the stock. BlackRock Inc. increased its stake in shares of Trex by 2.9% in the 2nd quarter. BlackRock Inc. now owns 7,343,900 shares of the construction company’s stock worth $526,556,000 after acquiring an additional 205,842 shares in the last quarter. William Blair Investment Management LLC increased its stake in Trex by 28.6% during the 2nd quarter. William Blair Investment Management LLC now owns 3,683,191 shares of the construction company’s stock valued at $264,085,000 after purchasing an additional 818,735 shares in the last quarter. Bamco Inc. NY increased its stake in Trex by 38.5% during the 2nd quarter. Bamco Inc. NY now owns 2,733,942 shares of the construction company’s stock valued at $196,024,000 after purchasing an additional 760,669 shares in the last quarter. Conestoga Capital Advisors LLC increased its stake in Trex by 4.0% during the 2nd quarter. Conestoga Capital Advisors LLC now owns 1,226,675 shares of the construction company’s stock valued at $87,953,000 after purchasing an additional 46,996 shares in the last quarter. Finally, Northern Trust Corp increased its stake in Trex by 17.8% during the 2nd quarter. Northern Trust Corp now owns 975,044 shares of the construction company’s stock valued at $69,911,000 after purchasing an additional 147,430 shares in the last quarter. Institutional investors own 96.86% of the company’s stock.

Shares of NYSE TREX opened at $90.85 on Friday. The firm’s 50-day moving average price is $88.23 and its 200-day moving average price is $75.69. The company has a quick ratio of 2.99, a current ratio of 3.51 and a debt-to-equity ratio of 0.09. The company has a market cap of $5.29 billion, a PE ratio of 38.66, a PEG ratio of 3.83 and a beta of 1.97. Trex Company Inc has a 52-week low of $50.88 and a 52-week high of $93.34.

Trex (NYSE:TREX) last announced its quarterly earnings results on Monday, July 29th. The construction company reported $0.64 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.64. The firm had revenue of $206.45 million for the quarter, compared to the consensus estimate of $201.70 million. Trex had a net margin of 17.61% and a return on equity of 35.94%. The business’s quarterly revenue was down .1% compared to the same quarter last year. During the same quarter last year, the firm posted $0.73 EPS. As a group, equities research analysts anticipate that Trex Company Inc will post 2.36 EPS for the current fiscal year.

A number of analysts have weighed in on the stock. DA Davidson set a $96.00 price objective on shares of Trex and gave the company a “buy” rating in a research note on Thursday, August 29th. Berenberg Bank restated a “buy” rating and set a $80.00 price objective on shares of Trex in a research note on Tuesday, July 30th. Exane BNP Paribas assumed coverage on shares of Trex in a research note on Wednesday, October 9th. They set an “underperform” rating for the company. BNP Paribas assumed coverage on shares of Trex in a research note on Wednesday, October 9th. They set an “underperform” rating for the company. Finally, SunTrust Banks raised their price objective on shares of Trex from $70.00 to $90.00 and gave the company a “hold” rating in a research note on Thursday, October 3rd. They noted that the move was a valuation call. Three investment analysts have rated the stock with a sell rating, five have issued a hold rating and five have given a buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus target price of $82.56.

In other news, SVP William R. Gupp sold 4,563 shares of the firm’s stock in a transaction dated Tuesday, July 30th. The shares were sold at an average price of $82.04, for a total transaction of $374,348.52. Following the sale, the senior vice president now owns 59,382 shares of the company’s stock, valued at approximately $4,871,699.28. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, VP Christopher Paul Gerhard sold 9,724 shares of the firm’s stock in a transaction dated Wednesday, August 7th. The shares were sold at an average price of $81.10, for a total transaction of $788,616.40. Following the sale, the vice president now directly owns 25,810 shares in the company, valued at approximately $2,093,191. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 40,572 shares of company stock worth $3,305,927. Insiders own 0.93% of the company’s stock.

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.

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Institutional Ownership by Quarter for Trex (NYSE:TREX)

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