Worth Watching: Trex Company Inc Stock Is An 52-Week High Flier

Worth Watching: Trex Company Inc Stock Is An 52 Week High Flier

The stock of Trex Company Inc (NYSE:TREX) hit a new 52-week high and has $113.14 target or 60.00% above today’s $70.71 share price. The 8 months bullish chart indicates low risk for the $2.09B company. The 1-year high was reported on Nov, 21 by Barchart.com. If the $113.14 price target is reached, the company will be worth $1.25 billion more.
The 52-week high event is an important milestone for every stock because it shows very positive momentum and is time when buyers come in. During such notable technical setup, fundamental investors usually stay away and are careful shorting or selling the stock. About 105,283 shares traded hands. Trex Company Inc (NYSE:TREX) has risen 42.38% since April 19, 2016 and is uptrending. It has outperformed by 38.52% the S&P500.

Trex Company Inc (NYSE:TREX) Ratings Coverage

Out of 5 analysts covering Trex Co (NYSE:TREX), 3 rate it a “Buy”, 0 “Sell”, while 2 “Hold”. This means 60% are positive. Trex Co has been the topic of 7 analyst reports since September 24, 2015 according to StockzIntelligence Inc. The firm has “Hold” rating by Stifel Nicolaus given on Wednesday, November 9. CL King downgraded Trex Company Inc (NYSE:TREX) on Wednesday, October 28 to “Buy” rating. FBR Capital maintained it with “Outperform” rating and $50 target price in Friday, February 26 report. On Thursday, September 24 the stock rating was upgraded by Wedbush to “Outperform”. The stock has “Neutral” rating given by Wedbush on Wednesday, October 19. The rating was upgraded by CL King to “Strong Buy” on Thursday, October 1. The firm has “Strong Buy” rating by CLSA given on Thursday, October 1.

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.”

Insitutional Activity: The institutional sentiment increased to 1.04 in 2016 Q2. Its up 0.38, from 0.66 in 2016Q1. The ratio increased, 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.
Wells Fargo Co Mn has invested 0% of its portfolio in Trex Company Inc (NYSE:TREX). The California-based California Public Employees Retirement System has invested 0.01% in Trex Company Inc (NYSE:TREX). Texas Permanent School Fund owns 22,427 shares or 0.01% of their US portfolio. Disciplined Growth Mn has 0.42% invested in the company for 375,017 shares. Legal General Group Inc Pcl, a United Kingdom-based fund reported 7,437 shares. Bb&T has invested 0% of its portfolio in Trex Company Inc (NYSE:TREX). Janus Capital Mngmt Ltd Com has 1.41M shares for 0.05% of their US portfolio. Capstone Asset Mgmt Com holds 0.02% of its portfolio in Trex Company Inc (NYSE:TREX) for 11,162 shares. Envestnet Asset Mngmt holds 0% of its portfolio in Trex Company Inc (NYSE:TREX) for 11,435 shares. The Massachusetts-based State Street Corporation has invested 0% in Trex Company Inc (NYSE:TREX). Loomis Sayles & Ltd Partnership accumulated 490,986 shares or 0.06% of the stock. Blackrock last reported 0% of its portfolio in the stock. Parametric Associates Ltd Liability Com holds 0% or 29,505 shares in its portfolio. Fiera Capital has invested 0.07% of its portfolio in Trex Company Inc (NYSE:TREX). First Mercantile Trust holds 0.03% of its portfolio in Trex Company Inc (NYSE:TREX) for 4,794 shares.

Insider Transactions: Since August 2, 2016, the stock had 0 buys, and 7 insider sales for $2.32 million net activity. Another trade for 1,787 shares valued at $107,211 was made by MERLOTTI FRANK H JR on Monday, August 15. $381,363 worth of Trex Company Inc (NYSE:TREX) was sold by Cline James E. ROBINSON PATRICIA B had sold 10,836 shares worth $648,316. 5,266 shares were sold by Posey Richard E, worth $289,565. The insider Zambanini Adam Dante sold $353,007. $423,266 worth of Trex Company Inc (NYSE:TREX) was sold by GRATZ JAY M on Thursday, August 11.

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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