Insider Selling: Trex Co. VP Unloads 2,105 Shares of Stock (TREX)
Trex Co. (NASDAQ:TREX) VP F Timothy Reese sold 2,105 shares of the stock in a transaction that occurred on Friday, October 18th. The stock was sold at an average price of $50.35, for a total transaction of $105,986.75. Following the sale, the vice president now directly owns 42,808 shares of the company’s stock, valued at approximately $2,155,383. The sale was disclosed in a filing with the SEC, which is available at this link.
TREX has been the subject of a number of recent research reports. Analysts at FBR & Co. initiated coverage on shares of Trex Co. in a research note to investors on Friday, September 27th. They set an “outperform” rating on the stock. Separately, analysts at FBR Capital Markets initiated coverage on shares of Trex Co. in a research note to investors on Friday, September 27th. They set an “outperform” rating and a $57.00 price target on the stock. Finally, analysts at Griffin Securities cut their price target on shares of Trex Co. from $60.00 to $55.00 in a research note to investors on Wednesday, August 7th. They now have a “buy” rating on the stock. One analyst has rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and an average target price of $48.33.
Trex Co. (NASDAQ:TREX) traded up 2.25% on Friday, hitting $51.41. 126,990 shares of the company’s stock traded hands. Trex Co. has a 52-week low of $32.78 and a 52-week high of $58.03. The stock’s 50-day moving average is $46.72 and its 200-day moving average is $48.93. The company has a market cap of $874.6 million and a price-to-earnings ratio of 51.36.
Trex Co. (NASDAQ:TREX) last announced its earnings results on Tuesday, August 6th. The company reported $0.86 earnings per share for the quarter, missing the analysts’ consensus estimate of $1.00 by $0.14. The company had revenue of $98.60 million for the quarter, compared to the consensus estimate of $103.42 million. During the same quarter in the previous year, the company posted $0.59 earnings per share. The company’s revenue for the quarter was up 4.6% on a year-over-year basis. Analysts expect that Trex Co. will post $2.50 EPS for the current fiscal year.
Trex Company, Inc manufactures and distributes wood/plastic composite products, as well as related accessories, primarily for residential and commercial decking and railing applications.
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