Trex Company Inc (NYSE:TREX) Shares Shorted Declined By 15.76%

June 27, 2018 - By Matthew Medley

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

During Q1 2018 the big money sentiment decreased to 0.91. That’s change of 0.15, from 2017Q4’s 1.06. 31 investors sold all, 84 reduced holdings as Trex Company, Inc. ratio dropped. 71 rose stakes while 34 funds took stakes. Funds hold 25.26 million shares thus 1.41% less from 2017Q4’s 25.62 million shares.
Cim Limited Liability Co reported 5,705 shs stake. Barrett Asset Management Limited Liability Company reported 169 shs or 0% of all its holdings. 571,710 were accumulated by Fmr Ltd Company. Proshare Ltd Com has 4,689 shs for 0% of their capital. Northern Tru holds 387,501 shs. Suntrust Banks owns 2,675 shs. First Tru L P owns 26,636 shs. Swiss Bancshares holds 0.01% of its capital in Trex Company, Inc. (NYSE:TREX) for 51,300 shs. Old Mutual Investors (Uk) invested 0.22% in Trex Company, Inc. (NYSE:TREX). Commonwealth Of Pennsylvania Pub School Empls Retrmt accumulated 2,752 shs. Synovus Financial owns 0% invested in Trex Company, Inc. (NYSE:TREX) for 240 shs. Conestoga Capital Advsrs Limited Co reported 650,424 shs stake. Wells Fargo Mn holds 0% of its capital in Trex Company, Inc. (NYSE:TREX) for 35,699 shs. Millennium Mgmt Limited invested in 0.02% or 135,869 shs. Polen Cap Mgmt Ltd Liability Corp holds 0% in Trex Company, Inc. (NYSE:TREX) or 3,888 shs.

Trex Company, Inc. had 12 selling transactions and 1 buy since January 16, 2018. This’s net activity of $7.52 million. 3,237 shs valued at $362,997 were sold by ROBINSON PATRICIA B on Thursday, April 5. The insider GRATZ JAY M sold $123,735. 2,472 shs valued at $281,650 were sold by FAIRBANKS BRYAN HORIX on Wednesday, May 9. Golden Michael F also sold $437,754 worth of Trex Company, Inc. (NYSE:TREX) on Tuesday, February 27. The insider MERLOTTI FRANK H JR sold 1,481 shs worth $165,125. $376,164 worth of Trex Company, Inc. (NYSE:TREX) shs were sold by Gerhard Christopher Paul.

It was noted a decrease on Trex Company Inc (NYSE:TREX)’s short interest with 15.76%. FINRA announced short interest of TREX’s total 736,700 shares. The 874,500 previous shares are down with 15.76%. Trex Company Inc (NYSE:TREX) has 159,200 shares average volume. It’ll cost 5 days for TREX to recover its former position. Trex Company Inc float short is 2.52%.

TREX is reaching $63.26 during the last trading session, after increased 0.99%.Currently Trex Company, Inc. is uptrending after 86.04% change in last June 27, 2017. TREX has 305,423 shares volume. TREX outperformed the S&P 500 by 73.47%.

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 $3.72 billion market cap. 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.35.94 is the 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

Total analysts of 6 have positions in Trex Co (NYSE:TREX) as follows: 4 rated it a “Buy”, 0 with “Sell” and 2 with “Hold”. The positive are 67%. The firm has $141 highest while $105.0 is the lowest price target. The average target $122.67 is 93.91% above the last ($63.26) price. Since January 3, 2018 according to StockzIntelligence Inc Trex Co has 10 analyst reports. The company rating was maintained by Seaport Global on Thursday, January 11. The company rating was maintained by FBR Capital on Thursday, February 22. The company rating was maintained by FBR Capital on Thursday, March 22. On Thursday, February 22 SunTrust maintained Trex Company, Inc. (NYSE:TREX) rating. SunTrust has “Hold” rating and $105.0 target. On Tuesday, May 8 the company was upgraded by Sidoti. On Thursday, February 22 the stock has “Buy” rating by B. Riley & Co. On Tuesday, May 8 FBR Capital maintained Trex Company, Inc. (NYSE:TREX) with “Buy” rating. On Thursday, February 22 the company was maintained by Stifel Nicolaus. On Wednesday, January 3 the rating was upgraded by FBR Capital to “Buy”. On Wednesday, January 3 the stock of Trex Company, Inc. (NYSE:TREX) has “Buy” rating given by B. Riley & Co.

Another two news for Trex Company, Inc. (NYSE:TREX) were recently posted by: Fool.com on June 15, 2018 with title “The 3 Top Stock Splits of 2018”. The other Businesswire.com‘s article was titled “Trex Company’s 2-For-1 Stock Split Becomes Effective Today” and posted on June 19, 2018.

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

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