$0.54 EPS Expected for Trex Company, Inc. (TREX); Voya Investment Management Has Trimmed By $13.12 Million Its Abbvie (ABBV) Holding

January 18, 2018 - By Richard Conner

Analysts expect Trex Company, Inc. (NYSE:TREX) to report $0.54 EPS on February, 20.They anticipate $0.11 EPS change or 25.58% from last quarter’s $0.43 EPS. TREX’s profit would be $15.88M giving it 51.11 P/E if the $0.54 EPS is correct. After having $0.68 EPS previously, Trex Company, Inc.’s analysts see -20.59% EPS growth. The stock increased 0.35% or $0.39 during the last trading session, reaching $110.39. About 42,876 shares traded. Trex Company, Inc. (NYSE:TREX) has risen 51.54% since January 18, 2017 and is uptrending. It has outperformed by 34.84% the S&P500.

Voya Investment Management Llc decreased Abbvie Inc (ABBV) stake by 16.21% reported in 2017Q3 SEC filing. Voya Investment Management Llc sold 149,142 shares as Abbvie Inc (ABBV)’s stock rose 6.17%. The Voya Investment Management Llc holds 770,953 shares with $68.51 million value, down from 920,095 last quarter. Abbvie Inc now has $166.16B valuation. The stock decreased 0.26% or $0.28 during the last trading session, reaching $104.08. About 2.37 million shares traded. AbbVie Inc. (NYSE:ABBV) has risen 10.63% since January 18, 2017 and is uptrending. It has underperformed by 6.07% the S&P500.

Among 9 analysts covering Trex Co (NYSE:TREX), 5 have Buy rating, 0 Sell and 4 Hold. Therefore 56% are positive. Trex Co had 22 analyst reports since September 24, 2015 according to SRatingsIntel. The firm has “Hold” rating given on Friday, December 8 by Stifel Nicolaus. As per Tuesday, October 31, the company rating was maintained by Stifel Nicolaus. The stock of Trex Company, Inc. (NYSE:TREX) has “Buy” rating given on Wednesday, October 28 by CL King. The stock has “Hold” rating by Stifel Nicolaus on Thursday, July 13. The rating was initiated by Seaport Global Securities on Tuesday, November 22 with “Neutral”. The firm earned “Buy” rating on Wednesday, January 3 by B. Riley & Co. The firm has “Hold” rating given on Monday, October 2 by Sidoti. The stock of Trex Company, Inc. (NYSE:TREX) earned “Hold” rating by Stifel Nicolaus on Tuesday, August 1. The stock of Trex Company, Inc. (NYSE:TREX) has “Strong Buy” rating given on Thursday, October 1 by CLSA. The rating was downgraded by FBR Capital to “Mkt Perform” on Tuesday, November 22.

Since August 2, 2017, it had 0 insider buys, and 6 sales for $1.27 million activity. Gerhard Christopher Paul sold 3,920 shares worth $312,392. FAIRBANKS BRYAN HORIX sold $150,854 worth of Trex Company, Inc. (NYSE:TREX) on Wednesday, August 2. On Wednesday, August 2 the insider Gupp William R. sold $270,131. 3,167 Trex Company, Inc. (NYSE:TREX) shares with value of $253,360 were sold by Posey Richard E. MERLOTTI FRANK H JR sold $158,457 worth of stock. GRATZ JAY M sold 1,058 shares worth $123,735.

Investors sentiment increased to 1.35 in Q3 2017. Its up 0.11, from 1.24 in 2017Q2. It increased, as 14 investors sold Trex Company, Inc. shares while 63 reduced holdings. 31 funds opened positions while 73 raised stakes. 25.84 million shares or 3.17% less from 26.69 million shares in 2017Q2 were reported. Moreover, Comerica Bancshares has 0.02% invested in Trex Company, Inc. (NYSE:TREX). Landscape Cap Mgmt Limited Liability Company has 0.29% invested in Trex Company, Inc. (NYSE:TREX) for 31,829 shares. Lazard Asset Mgmt Limited Liability Company holds 56 shares. 500 were accumulated by Winslow Evans & Crocker. Texas Permanent School Fund holds 0.02% or 21,468 shares in its portfolio. First Mercantile has 0.11% invested in Trex Company, Inc. (NYSE:TREX). 12,600 are owned by Quantitative Investment Mngmt Limited. 374,277 are held by Savings Bank Of Mellon. Old Mutual Glob (Uk) Ltd stated it has 0.1% in Trex Company, Inc. (NYSE:TREX). State Street Corp owns 716,414 shares or 0.01% of their US portfolio. 2,908 were reported by Evermay Wealth Limited. Ls Advsrs Ltd Limited Liability Company stated it has 0.02% of its portfolio in Trex Company, Inc. (NYSE:TREX). Millennium Management Limited Liability Company holds 0% of its portfolio in Trex Company, Inc. (NYSE:TREX) for 4,003 shares. Oppenheimer Asset Management Inc holds 7,418 shares or 0.02% of its portfolio. Sawgrass Asset Mgmt Lc holds 5,995 shares.

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 $3.25 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 36.43 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.

Since July 31, 2017, it had 0 buys, and 8 sales for $45.57 million activity. The insider Schumacher Laura J sold 145,510 shares worth $14.07 million. SALEKI-GERHARDT AZITA sold $705,655 worth of stock or 8,300 shares. GONZALEZ RICHARD A also sold $6.24M worth of AbbVie Inc. (NYSE:ABBV) shares. Gosebruch Henry O also sold $1.66M worth of AbbVie Inc. (NYSE:ABBV) shares. Another trade for 6,699 shares valued at $589,512 was sold by Michael Robert A.. RICHMOND TIMOTHY J. sold 87,040 shares worth $8.57 million.

Analysts await AbbVie Inc. (NYSE:ABBV) to report earnings on January, 26. They expect $1.43 earnings per share, up 19.17% or $0.23 from last year’s $1.2 per share. ABBV’s profit will be $2.28B for 18.20 P/E if the $1.43 EPS becomes a reality. After $1.41 actual earnings per share reported by AbbVie Inc. for the previous quarter, Wall Street now forecasts 1.42% EPS growth.

Among 21 analysts covering Abbvie Inc (NYSE:ABBV), 11 have Buy rating, 1 Sell and 9 Hold. Therefore 52% are positive. Abbvie Inc had 71 analyst reports since July 21, 2015 according to SRatingsIntel. Goldman Sachs downgraded AbbVie Inc. (NYSE:ABBV) rating on Monday, March 7. Goldman Sachs has “Buy” rating and $68 target. As per Wednesday, April 19, the company rating was maintained by BMO Capital Markets. The rating was maintained by Jefferies with “Buy” on Friday, September 15. The stock has “Buy” rating by SunTrust on Sunday, October 29. Piper Jaffray maintained AbbVie Inc. (NYSE:ABBV) on Thursday, September 28 with “Buy” rating. As per Monday, December 7, the company rating was upgraded by Jefferies. Raymond James initiated AbbVie Inc. (NYSE:ABBV) rating on Friday, September 2. Raymond James has “Outperform” rating and $82 target. Leerink Swann initiated AbbVie Inc. (NYSE:ABBV) on Tuesday, October 18 with “Mkt Perform” rating. The rating was initiated by SunTrust on Wednesday, July 22 with “Buy”. The stock of AbbVie Inc. (NYSE:ABBV) has “Hold” rating given on Wednesday, June 7 by Credit Suisse.

Voya Investment Management Llc increased Arris Intl Inc stake by 13,296 shares to 336,829 valued at $9.60M in 2017Q3. It also upped Acorda Therapeutics Inc (NASDAQ:ACOR) stake by 19,298 shares and now owns 39,931 shares. Amedisys Inc (NASDAQ:AMED) was raised too.

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