Trex Company CAO William R. Gupp Sells 6,152 Shares (TREX)
Trex Company (NASDAQ:TREX) CAO William R. Gupp sold 6,152 shares of the stock on the open market in a transaction dated Tuesday, June 10th. The stock was sold at an average price of $33.05, for a total transaction of $203,323.60. Following the completion of the sale, the chief accounting officer now directly owns 60,546 shares in the company, valued at approximately $2,001,045. The transaction was disclosed in a legal filing with the SEC, which is available at this link.
Trex Company (NASDAQ:TREX) traded down 1.95% during mid-day trading on Tuesday, hitting $33.17. The stock had a trading volume of 252,289 shares. Trex Company has a 1-year low of $20.625 and a 1-year high of $43.425. The stock has a 50-day moving average of $34.3 and a 200-day moving average of $35.73. The company has a market cap of $1.099 billion and a price-to-earnings ratio of 45.53.
Trex Company (NASDAQ:TREX) last announced its 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. On average, analysts predict that Trex Company will post $1.24 earnings per share for the current fiscal year.
A number of analysts have recently weighed in on TREX shares. 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 $34.40 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 $45.00 price target on the stock. Finally, analysts at FBR Capital Markets raised their price target on shares of Trex Company from $35.00 to $40.00 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 given a hold rating and four have assigned a buy rating to the stock. The company has a consensus rating of “Hold” and an average price target of $38.18.
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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