Trex Company (TREX) Reaches $83.75 52-Week High; Ejf Capital Upped Its Ally Finl (ALLY) Holding

September 13, 2017 - By Ellis Scott

Ejf Capital Llc increased Ally Finl Inc (ALLY) stake by 42.95% reported in 2016Q4 SEC filing. Ejf Capital Llc acquired 1.54M shares as Ally Finl Inc (ALLY)’s stock declined 19.04%. The Ejf Capital Llc holds 5.11M shares with $97.21 million value, up from 3.58 million last quarter. Ally Finl Inc now has $10.27 billion valuation. The stock declined 0.20% or $0.05 reaching $22.83 on the news. About 555,541 shares traded. Ally Financial Inc (NYSE:ALLY) has risen 12.72% since September 13, 2016 and is uptrending. It has underperformed by 3.98% the S&P500.

The stock of Trex Company Inc (NYSE:TREX) hit a new 52-week high and has $89.61 target or 7.00% above today’s $83.75 share price. The 5 months bullish chart indicates low risk for the $2.46B company. The 1-year high was reported on Sep, 13 by Barchart.com. If the $89.61 price target is reached, the company will be worth $172.20M more. About 188,791 shares traded. Trex Company Inc (NYSE:TREX) has risen 51.54% since September 13, 2016 and is uptrending. It has outperformed by 34.84% the S&P500.

Among 17 analysts covering Ally Financial (NYSE:ALLY), 12 have Buy rating, 1 Sell and 4 Hold. Therefore 71% are positive. Ally Financial had 31 analyst reports since July 29, 2015 according to SRatingsIntel. On Wednesday, April 26 the stock rating was maintained by BMO Capital Markets with “Buy”. Jefferies maintained Ally Financial Inc (NYSE:ALLY) on Tuesday, August 22 with “Buy” rating. As per Wednesday, May 4, the company rating was maintained by Deutsche Bank. On Wednesday, August 30 the stock rating was maintained by Piper Jaffray with “Buy”. The stock of Ally Financial Inc (NYSE:ALLY) has “Underweight” rating given on Monday, July 17 by Stephens. The rating was maintained by Keefe Bruyette & Woods with “Buy” on Thursday, June 22. The rating was maintained by BMO Capital Markets on Wednesday, May 31 with “Buy”. The company was maintained on Tuesday, July 11 by Piper Jaffray. The stock of Ally Financial Inc (NYSE:ALLY) has “Buy” rating given on Wednesday, September 2 by Zacks. The stock has “Neutral” rating by Bank of America on Friday, April 8.

Ejf Capital Llc decreased Midland Sts Bancorp Inc Ill stake by 75,000 shares to 500,000 valued at $18.09M in 2016Q4. It also reduced Fidelity Southern Corp New (NASDAQ:LION) stake by 700,000 shares and now owns 300,000 shares. State Bk Finl Corp (NASDAQ:STBZ) was reduced too.

Trex Company, Inc. is a manufacturer of wood-alternative decking and railing products. The company has market cap of $2.46 billion. The Company’s products are marketed under the brand name Trex and are manufactured in the United States. It has a 31.8 P/E ratio. It offers a set of outdoor living products in the decking, railing, porch, fencing, trim, steel deck framing and outdoor lighting categories.

Among 7 analysts covering Trex Co (NYSE:TREX), 3 have Buy rating, 0 Sell and 4 Hold. Therefore 43% are positive. Trex Co has $7500 highest and $45 lowest target. $69’s average target is -17.61% below currents $83.75 stock price. Trex Co had 14 analyst reports since September 24, 2015 according to SRatingsIntel. Wedbush upgraded the shares of TREX in report on Thursday, September 24 to “Outperform” rating. The stock of Trex Company Inc (NYSE:TREX) earned “Neutral” rating by Wedbush on Tuesday, January 17. The rating was maintained by Stifel Nicolaus on Tuesday, August 1 with “Hold”. On Thursday, October 1 the stock rating was upgraded by CL King to “Strong Buy”. FBR Capital maintained it with “Mkt Perform” rating and $69 target in Tuesday, February 28 report. The stock of Trex Company Inc (NYSE:TREX) has “Hold” rating given on Wednesday, November 9 by Stifel Nicolaus. The stock has “Buy” rating by Seaport Global on Thursday, June 1. The rating was maintained by Wedbush with “Neutral” on Wednesday, October 19. The firm has “Buy” rating given on Wednesday, October 28 by CL King. Stifel Nicolaus maintained the shares of TREX in report on Thursday, July 13 with “Hold” rating.

Since March 31, 2017, it had 1 insider purchase, and 3 sales for $1.33 million activity. Cline James E also sold $974,967 worth of Trex Company Inc (NYSE:TREX) on Wednesday, May 10. SCRIPTER JAY T also bought $1,312 worth of Trex Company Inc (NYSE:TREX) shares. On Wednesday, May 10 the insider Gupp William R. sold $226,745. MERLOTTI FRANK H JR had sold 2,057 shares worth $131,257.

Investors sentiment increased to 1.24 in 2016 Q4. Its up 0.28, from 0.96 in 2016Q3. It is positive, as 25 investors sold Trex Company Inc shares while 75 reduced holdings. 38 funds opened positions while 64 raised stakes. 26.90 million shares or 2.19% less from 27.51 million shares in 2016Q3 were reported. Boothbay Fund Mgmt Ltd Liability Corp has 0.07% invested in Trex Company Inc (NYSE:TREX) for 3,204 shares. Pdt Limited Liability Com holds 0.17% or 40,618 shares. Proshare Advsr Ltd Liability Corp reported 5,392 shares. Ubs Asset Mgmt Americas stated it has 10,225 shares. Hl Ser Limited Liability Corp holds 0.07% or 49,304 shares in its portfolio. Allianz Asset Mngmt Ag, Germany-based fund reported 48,138 shares. Rice Hall James And Associates Limited Liability Company has 60,179 shares for 0.2% of their portfolio. Blackrock Fund has 0.03% invested in Trex Company Inc (NYSE:TREX). Quantitative Investment Mgmt Limited Liability Company accumulated 57,300 shares or 0.09% of the stock. Blackrock Institutional Tru Na, California-based fund reported 749,826 shares. State Teachers Retirement Systems reported 17,333 shares. Mason Street Advsr Lc has 0.01% invested in Trex Company Inc (NYSE:TREX). Minnesota-based Disciplined Growth Invsts Inc Mn has invested 0.59% in Trex Company Inc (NYSE:TREX). State Board Of Administration Of Florida Retirement System owns 0% invested in Trex Company Inc (NYSE:TREX) for 18,784 shares. The Minnesota-based Thrivent Fincl For Lutherans has invested 0% in Trex Company Inc (NYSE:TREX).

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