Trex Company Director Paul A. Brunner Sells 4,644 Shares (TREX)
Trex Company (NASDAQ:TREX) Director Paul A. Brunner sold 4,644 shares of the stock in a transaction dated Friday, May 30th. The shares were sold at an average price of $30.75, for a total transaction of $142,803.00. Following the sale, the director now directly owns 4,798 shares in the company, valued at approximately $147,539. The sale was disclosed in a filing with the SEC, which can be accessed through this link.
Trex Company (NASDAQ:TREX) traded up 0.29% during mid-day trading on Monday, hitting $31.00. 438,928 shares of the company’s stock traded hands. Trex Company has a one year low of $20.625 and a one year high of $43.425. The stock has a 50-day moving average of $35.20 and a 200-day moving average of $35.82. The company has a market cap of $1.027 billion and a price-to-earnings ratio of 41.60.
Trex Company (NASDAQ:TREX) last posted its quarterly earnings results on Monday, May 5th. The company reported $0.73 EPS for the quarter, missing the Thomson Reuters consensus estimate of $0.93 by $0.20. The company had revenue of $101.00 million for the quarter, compared to the consensus estimate of $115.25 million. During the same quarter in the prior year, the company posted $1.25 earnings per share. The company’s quarterly revenue was down 6.8% on a year-over-year basis. Analysts expect that Trex Company will post $1.24 EPS for the current fiscal year.
TREX has been the subject of a number of recent research reports. Analysts at Zacks downgraded shares of Trex Company from a “neutral” rating to an “underperform” rating in a research note on Wednesday, May 7th. They now have a $68.80 price target on the stock. Separately, analysts at SunTrust upgraded shares of Trex Company from a “neutral” rating to a “buy” rating in a research note on Tuesday, May 6th. They now have a $90.00 price target on the stock. Finally, analysts at FBR Capital Markets raised their price target on shares of Trex Company from $70.00 to $80.00 in a research note on Monday, May 5th. They now have an “outperform” rating on the stock. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and four have given a buy rating to the company’s stock. Trex Company currently has a consensus rating of “Hold” and a consensus price target of $76.36.
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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