Insider Selling: Trex Co. VP Sells 1,779 Shares of Stock (TREX)
Trex Co. (NASDAQ:TREX) VP F Timothy Reese sold 1,779 shares of Trex Co. stock in a transaction dated Thursday, January 16th. The shares were sold at an average price of $72.44, for a total transaction of $128,870.76. Following the transaction, the vice president now directly owns 39,607 shares of the company’s stock, valued at approximately $2,869,131. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link.
A number of analysts have recently weighed in on TREX shares. 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 equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. The stock presently has a consensus rating of “Buy” and a consensus target price of $66.50.
Trex Co. (NASDAQ:TREX) traded up 0.15% on Thursday, hitting $72.74. 141,162 shares of the company’s stock traded hands. Trex Co. has a 52-week low of $39.82 and a 52-week high of $83.04. The stock’s 50-day moving average is $73.8 and its 200-day moving average is $57.38. The company has a market cap of $1.224 billion and a price-to-earnings ratio of 78.60.
Trex Co. (NASDAQ:TREX) last announced its earnings results on Friday, October 25th. The company reported $0.45 earnings per share for the quarter, beating the analysts’ 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 last year, the company posted $0.36 earnings per share. Trex Co.’s revenue was up 2.0% compared to the same quarter last year. Analysts expect that Trex Co. will post $2.66 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.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.