Trex Company Inc (NYSE:TREX) Sellers Increased By 2.08% Their Shorts

October 13, 2018 - By mmahotstuff

Trex Company, Inc. (NYSE:TREX) Logo

Investors sentiment increased to 6.84 in Q2 2018. Its up 5.93, from 0.91 in 2018Q1. It is positive, as 23 investors sold Trex Company, Inc. shares while 8 reduced holdings. 32 funds opened positions while 180 raised stakes. 101.49 million shares or 301.74% more from 25.26 million shares in 2018Q1 were reported.
Burt Wealth Advsr holds 200 shares or 0.01% of its portfolio. Teacher Retirement System Of Texas accumulated 11,938 shares. Products Ptnrs Ltd Liability Company reported 44,880 shares. Qs Invsts Limited Liability stated it has 0% of its portfolio in Trex Company, Inc. (NYSE:TREX). Fuller & Thaler Asset Mngmt owns 428,516 shares. Assetmark invested in 10 shares or 0% of the stock. Hsbc Public Limited Liability Corporation holds 0% or 33,960 shares in its portfolio. Cim Lc reported 12,511 shares. Barrow Hanley Mewhinney & Strauss Ltd Liability Corp has 907,539 shares. Profund Advsr Limited Co stated it has 0.03% of its portfolio in Trex Company, Inc. (NYSE:TREX). Millennium Mngmt Ltd Liability invested in 0% or 51,103 shares. New Amsterdam Prtn Lc invested in 0.79% or 53,057 shares. Curbstone Financial Mgmt reported 16,800 shares stake. The California-based Sfe Invest Counsel has invested 0.21% in Trex Company, Inc. (NYSE:TREX). Frontier Limited Liability Corporation reported 549,333 shares.

Since May 9, 2018, it had 1 buy, and 6 sales for $3.42 million activity. MERLOTTI FRANK H JR sold $236,125 worth of stock or 3,051 shares. Cline James E sold $2.05 million worth of stock. $281,650 worth of stock was sold by FAIRBANKS BRYAN HORIX on Wednesday, May 9. Another trade for 3,919 shares valued at $445,768 was sold by Gupp William R.. On Wednesday, August 22 the insider Gerhard Christopher Paul sold $249,918.

The stock of Trex Company Inc (NYSE:TREX) registered an increase of 2.08% in short interest. TREX’s total short interest was 2.06 million shares in October as published by FINRA. Its up 2.08% from 2.02 million shares, reported previously. With 375,800 shares average volume, it will take short sellers 6 days to cover their TREX’s short positions.

The stock decreased 0.80% or $0.52 during the last trading session, reaching $64.39. About 797,392 shares traded or 66.03% up from the average. Trex Company, Inc. (NYSE:TREX) has risen 121.16% since October 13, 2017 and is uptrending. It has outperformed by 105.54% the S&P500.

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 $3.78 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 32.19 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) Ratings Coverage

Among 3 analysts covering Trex Co (NYSE:TREX), 2 have Buy rating, 0 Sell and 1 Hold. Therefore 67% are positive. Trex Co had 4 analyst reports since May 8, 2018 according to SRatingsIntel. Stifel Nicolaus maintained Trex Company, Inc. (NYSE:TREX) rating on Tuesday, July 31. Stifel Nicolaus has “Hold” rating and $65 target. On Tuesday, May 8 the stock rating was upgraded by Sidoti to “Buy”. On Tuesday, May 8 the stock rating was maintained by FBR Capital with “Buy”. The rating was maintained by FBR Capital on Tuesday, July 31 with “Buy”.

Another recent and important Trex Company, Inc. (NYSE:TREX) news was published by which published an article titled: “Trex Company Announces Timing of Third Quarter 2018 Earnings Release and Conference Call” on October 10, 2018.

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

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