Trex Company, Inc. (TREX) Reaches $123.75 After 9.00% Down Move; Barnwell Industries (BRN)’s Sentiment Is 0.75

June 13, 2018 - By Nellie Frank

Trex Company, Inc. (NYSE:TREX) Logo

Barnwell Industries Inc (BRN) investors sentiment decreased to 0.75 in Q1 2018. It’s down -1.25, from 2 in 2017Q4. The ratio dropped, as 3 institutional investors increased and opened new equity positions, while 4 cut down and sold their holdings in Barnwell Industries Inc. The institutional investors in our database now own: 863,133 shares, down from 890,006 shares in 2017Q4. Also, the number of institutional investors holding Barnwell Industries Inc in top ten equity positions was flat from 0 to 0 for the same number . Sold All: 1 Reduced: 3 Increased: 3 New Position: 0.

The stock of Trex Company, Inc. (NYSE:TREX) is a huge mover today! The stock decreased 2.84% or $3.62 during the last trading session, reaching $123.75. About 66,649 shares traded. Trex Company, Inc. (NYSE:TREX) has risen 86.04% since June 13, 2017 and is uptrending. It has outperformed by 73.47% the S&P500. Some Historical TREX News: ; 07/05/2018 – TREX 1Q EPS $1.25; 16/05/2018 – Trex Company Announces June 2018 Investor Conference Schedule; 19/04/2018 – DJ Trex Company Inc, Inst Holders, 1Q 2018 (TREX); 13/04/2018 – Trex® Spiral Stairs™ Introduces New Multi-Line Railing System; 05/03/2018 VP Gupp Gifts 429 Of Trex Company Inc; 07/05/2018 – Trex Co 1Q EPS $1.25; 10/04/2018 – Trex Tops 2018 Builder Brand Study; 23/03/2018 – Trex Closes Below 50-Day Moving Average: Technicals; 04/05/2018 – Trex Company Announces Plastic Film Recycling Challenge Winners; 15/05/2018 – Ivy Investment Management Company Buys 1.5% Position in TrexThe move comes after 6 months negative chart setup for the $3.64 billion company. It was reported on Jun, 13 by Barchart.com. We have $112.61 PT which if reached, will make NYSE:TREX worth $327.69M less.

Investors sentiment decreased to 0.91 in Q1 2018. Its down 0.15, from 1.06 in 2017Q4. It dived, as 31 investors sold Trex Company, Inc. shares while 84 reduced holdings. 34 funds opened positions while 71 raised stakes. 25.26 million shares or 1.41% less from 25.62 million shares in 2017Q4 were reported. Barrow Hanley Mewhinney Strauss Ltd Company owns 485,434 shares. Massachusetts-based Congress Asset Management Ma has invested 0.08% in Trex Company, Inc. (NYSE:TREX). Next Century Growth Investors Ltd has 65,522 shares. Shelton Capital Mngmt invested 0.08% of its portfolio in Trex Company, Inc. (NYSE:TREX). Wells Fargo Mn owns 35,699 shares or 0% of their US portfolio. Sta Wealth Management Ltd Liability holds 0.15% of its portfolio in Trex Company, Inc. (NYSE:TREX) for 4,045 shares. Moreover, Sawgrass Asset Mgmt Ltd Llc has 0.04% invested in Trex Company, Inc. (NYSE:TREX). Aperio Grp Inc Limited Co holds 26,342 shares. 9,970 are owned by Dekabank Deutsche Girozentrale. Amalgamated State Bank stated it has 4,245 shares or 0.01% of all its holdings. Glenmede Tru Na reported 0% stake. Tci Wealth Advsrs holds 11 shares or 0% of its portfolio. 2,227 are held by Ls Investment Advsr Ltd Limited Liability Company. Gotham Asset Mngmt Limited Company invested 0.03% of its portfolio in Trex Company, Inc. (NYSE:TREX). Cibc World Markets has invested 0% in Trex Company, Inc. (NYSE:TREX).

Analysts await Trex Company, Inc. (NYSE:TREX) to report earnings on July, 30. They expect $1.29 earnings per share, up 32.99% or $0.32 from last year’s $0.97 per share. TREX’s profit will be $37.95 million for 23.98 P/E if the $1.29 EPS becomes a reality. After $1.25 actual earnings per share reported by Trex Company, Inc. for the previous quarter, Wall Street now forecasts 3.20% EPS growth.

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 $3.64 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 38.43 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.

More recent Trex Company, Inc. (NYSE:TREX) news were published by: Globenewswire.com which released: “Detailed Research: Economic Perspectives on Haynes International, Otter Tail, Unifirst, Chubb, Trex, and Noble …” on May 29, 2018. Also Seekingalpha.com published the news titled: “Stocks To Watch: Focus On E3, IHopb And The World Cup” on June 09, 2018. Fool.com‘s news article titled: “3 Stocks for Retirees to Grow Their Nest Egg” with publication date: May 19, 2018 was also an interesting one.

Since January 16, 2018, it had 1 insider purchase, and 12 selling transactions for $7.52 million activity. FAIRBANKS BRYAN HORIX also sold $281,650 worth of Trex Company, Inc. (NYSE:TREX) shares. Shares for $259,587 were sold by GRATZ JAY M. Cline James E also sold $2.05M worth of Trex Company, Inc. (NYSE:TREX) shares. Gupp William R. sold $370,973 worth of stock or 3,500 shares. Gerhard Christopher Paul had sold 3,500 shares worth $376,164. SCRIPTER JAY T bought $4,807 worth of stock or 52 shares. 3,255 shares valued at $341,775 were sold by ROBINSON PATRICIA B on Tuesday, March 6.

Among 10 analysts covering Trex Co (NYSE:TREX), 6 have Buy rating, 0 Sell and 4 Hold. Therefore 60% are positive. Trex Co had 29 analyst reports since September 24, 2015 according to SRatingsIntel. As per Thursday, March 22, the company rating was maintained by FBR Capital. The rating was maintained by Seaport Global on Thursday, January 11 with “Buy”. FBR Capital maintained the shares of TREX in report on Friday, February 26 with “Outperform” rating. CL King downgraded the stock to “Buy” rating in Wednesday, October 28 report. Seaport Global upgraded it to “Buy” rating and $74 target in Thursday, June 1 report. The company was maintained on Tuesday, August 1 by Stifel Nicolaus. The firm earned “Neutral” rating on Wednesday, October 19 by Wedbush. The rating was maintained by Stifel Nicolaus on Thursday, February 22 with “Hold”. The company was maintained on Thursday, February 22 by FBR Capital. Wedbush maintained Trex Company, Inc. (NYSE:TREX) rating on Tuesday, January 17. Wedbush has “Neutral” rating and $58 target.

Since January 1, 0001, it had 3 insider purchases, and 0 sales for $13,657 activity.

Acadian Asset Management Llc holds 0% of its portfolio in Barnwell Industries, Inc. for 14,521 shares. Bank Of America Corp De owns 73,487 shares or 0% of their US portfolio. Moreover, Bank Of New York Mellon Corp has 0% invested in the company for 15,387 shares. The New York-based Blackrock Inc. has invested 0% in the stock. California Public Employees Retirement System, a California-based fund reported 25,200 shares.

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

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