Insider Trade: Richard Posey Sold 2,180 Shares of Trex Company Inc (NYSE:TREX)

November 23, 2016 - By Marguerite Chambers

 Insider Trade: Richard Posey Sold 2,180 Shares of Trex Company Inc (NYSE:TREX)

Richard Posey Insider Sell

According to a document which was filled with the D.C. based-SEC on 23/11/2016, Richard Posey, director of Trex Co Inc and a person familiar with the firm, sold 2,180 shares of the company and paid for them about $149,202 U.S Dollars at an average price-per-share of $68.4. Richard Posey presently owns 13,667 shares or 0.05% of the company’s total market capitalization.

Trex Company Inc (NYSE:TREX) Ratings Coverage

Out of 6 analysts covering Trex Co (NYSE:TREX), 2 rate it a “Buy”, 0 “Sell”, while 4 “Hold”. This means 33% are positive. $61 is the highest target while $45 is the lowest. The $58 average target is -16.43% below today’s ($69.4) stock price. Trex Co has been the topic of 9 analyst reports since September 24, 2015 according to StockzIntelligence Inc. The company was initiated on Tuesday, November 22 by Seaport Global Securities. The stock has “Outperform” rating given by FBR Capital on Friday, February 26. CL King downgraded the shares of TREX in a report on Wednesday, October 28 to “Buy” rating. The stock of Trex Company Inc (NYSE:TREX) earned “Mkt Perform” rating by FBR Capital on Tuesday, November 22. On Thursday, October 1 the stock rating was upgraded by CL King to “Strong Buy”. The stock of Trex Company Inc (NYSE:TREX) has “Neutral” rating given on Wednesday, October 19 by Wedbush. Stifel Nicolaus maintained the stock with “Hold” rating in Wednesday, November 9 report. On Thursday, September 24 the stock rating was upgraded by Wedbush to “Outperform”. The company was upgraded on Thursday, October 1 by CLSA.

Insitutional Activity: The institutional sentiment increased to 1.04 in 2016 Q2. Its up 0.38, from 0.66 in 2016Q1. The ratio is positive, as 22 funds sold all Trex Company Inc shares owned while 74 reduced positions. 22 funds bought stakes while 41 increased positions. They now own 28.31 million shares or 2.37% less from 29.00 million shares in 2016Q1.

Connor Clark Lunn Management Ltd has invested 0.01% of its portfolio in Trex Company Inc (NYSE:TREX). Cubist Systematic Strategies Limited Liability Company last reported 0.02% of its portfolio in the stock. Emerald Advisers Pa accumulated 472,490 shares or 1.02% of the stock. New Amsterdam Partners Limited Liability New York owns 168,572 shares or 1.84% of their US portfolio. Moreover, Guggenheim Capital Lc has 0% invested in Trex Company Inc (NYSE:TREX) for 29,163 shares. Stephens Ar accumulated 0% or 723 shares. Ubs Asset Mgmt Americas Inc has invested 0% of its portfolio in Trex Company Inc (NYSE:TREX). Pembroke Mgmt last reported 0.83% of its portfolio in the stock. Brown Brothers Harriman Com has 94 shares for 0% of their US portfolio. Tygh Capital, a Oregon-based fund reported 39,807 shares. Vanguard Grp Inc accumulated 0.01% or 2.32 million shares. Mutual Of America Mngmt Limited Liability Corp has invested 0.11% of its portfolio in Trex Company Inc (NYSE:TREX). Keybank Natl Association Oh holds 0% or 7,077 shares in its portfolio. Arcadia Invest Management Corp Mi, a Michigan-based fund reported 244 shares. Comml Bank Of Mellon Corp accumulated 502,683 shares or 0.01% of the stock.

Insider Transactions: Since August 2, 2016, the stock had 0 buys, and 7 insider sales for $2.32 million net activity. MERLOTTI FRANK H JR sold $119,250 worth of stock or 1,801 shares. ROBINSON PATRICIA B had sold 10,836 shares worth $648,316 on Monday, August 15. 7,051 shares with value of $423,266 were sold by GRATZ JAY M on Thursday, August 11. Posey Richard E sold $289,565 worth of stock. Another trade for 6,873 shares valued at $381,363 was sold by Cline James E. Another trade for 5,730 shares valued at $353,007 was sold by Zambanini Adam Dante.

The stock decreased 1.06% or $0.74 during the last trading session, hitting $69.4. Trex Company Inc (NYSE:TREX) has risen 41.92% since April 21, 2016 and is uptrending. It has outperformed by 36.59% the S&P500.

Trex Company, Inc. is a manufacturer of wood-alternative decking and railing products. The company has a market cap of $2.07 billion. The Firm markets its products under the brand name Trex. It has a 33.52 P/E ratio. The Firm offers a set of outdoor living products in the decking, railing, porch, fencing, trim, steel deck framing and outdoor lighting categories.

According to Zacks Investment Research, “Trex Company, Inc. is a manufacturer of wood-alternative decking and railing. Trex Company, Inc. is based in Winchester, United States.”

Analysts await Trex Company Inc (NYSE:TREX) to report earnings on February, 28. They expect $0.41 earnings per share, up 57.69% or $0.15 from last year’s $0.26 per share. TREX’s profit will be $12.23M for 42.32 P/E if the $0.41 EPS becomes a reality. After $0.45 actual earnings per share reported by Trex Company Inc for the previous quarter, Wall Street now forecasts -8.89% negative EPS growth.

More notable recent Trex Company Inc (NYSE:TREX) news were published by: Fool.com which released: “Trex Company Inc Stock Up 11% on Earnings: Here’s What You Need to Know Now” on November 08, 2016, also Fool.com with their article: “Trex Company, Inc. Stock Up 13%: Here’s Why” published on August 02, 2016, Fool.com published: “Trex Company, Inc. Keeps Building a Bigger Business” on May 11, 2016. More interesting news about Trex Company Inc (NYSE:TREX) were released by: Fool.com and their article: “Is Trex Company, Inc. Entering Its Biggest Growth Phase?” published on August 10, 2016 as well as Fool.com‘s news article titled: “Trex Company, Inc. Stock Up 10% on Earnings, Guidance” with publication date: February 23, 2016.

TREX Company Profile

Trex Company, Inc., incorporated on September 4, 1998, is a maker of wood-alternative decking and railing products. The Firm markets its products under the brand name Trex. The Firm offers a set of outdoor living products in the decking, railing, porch, fencing, trim, steel deck framing and outdoor lighting categories. The Company’s decking products include Trex Transcend, Trex Enhance and Trex Select. The Company’s railing products include Trex Transcend Railing, Trex Select Railing and Trex Reveal aluminum railing. It offers Trex Transcend Porch Flooring and Railing System, which is an integrated system of porch components and accessories. It offers Trex Seclusions fencing product through over two specialty distributors. It offers TrexTrim product, which is a cellular polyvinyl chloride (PVC) residential exterior trim product. It offers a triple-coated steel deck framing system called Trex Elevations that leverages the strength and dimensional stability of steel to create a flat surface for its decking.

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