Insider Selling: F Timothy Reese Unloads 3,201 Shares of Trex Co. Stock (TREX)
Trex Co. (NASDAQ:TREX) VP F Timothy Reese sold 3,201 shares of Trex Co. stock in a transaction dated Thursday, January 2nd. The stock was sold at an average price of $77.13, for a total value of $246,893.13. Following the transaction, the vice president now directly owns 39,607 shares in the company, valued at approximately $3,054,888. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.
Trex Co. (NASDAQ:TREX) traded up 0.05% on Friday, hitting $77.01. 177,674 shares of the company’s stock traded hands. Trex Co. has a one year low of $38.74 and a one year high of $83.04. The stock’s 50-day moving average is $72.8 and its 200-day moving average is $55.84. The company has a market cap of $1.296 billion and a P/E ratio of 83.30.
Trex Co. (NASDAQ:TREX) last issued its quarterly earnings data on Friday, October 25th. The company reported $0.45 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.35 by $0.10. The company had revenue of $72.20 million for the quarter, compared to the consensus estimate of $72.10 million. During the same quarter in the prior year, the company posted $0.36 earnings per share. The company’s quarterly revenue was up 2.0% on a year-over-year basis.
Several analysts have recently commented on the stock. Analysts at Griffin Securities downgraded shares of Trex Co. from a “buy” rating to a “hold” rating in a research note to investors on Monday, November 4th. Separately, analysts at FBR Capital Markets raised their price target on shares of Trex Co. from $57.00 to $70.00 in a research note to investors on Tuesday, October 29th. They now have an “outperform” rating on the stock. Finally, analysts at Davenport downgraded shares of Trex Co. from a “buy” rating to a “neutral” rating in a research note to investors on Monday, October 28th. They now have a $63.00 price target on the stock, up previously from $51.00. Two research analysts have rated the stock with a hold rating and four have given a buy rating to the company. Trex Co. presently has an average rating of “Buy” and a consensus price target of $66.50.
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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