Trex Company CEO Sells $583,115 in Stock (TREX)
Trex Company (NASDAQ:TREX) CEO Ronald W. Kaplan sold 17,876 shares of Trex Company stock in a transaction that occurred on Tuesday, June 10th. The shares were sold at an average price of $32.62, for a total value of $583,115.12. Following the completion of the sale, the chief executive officer now directly owns 158,026 shares in the company, valued at approximately $5,154,808. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.
A number of research firms have recently commented on TREX. 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 analyst has rated the stock with a sell rating, three have issued a hold rating and four have given a buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus price target of $38.18.
Trex Company (NASDAQ:TREX) traded down 1.95% on Tuesday, hitting $33.17. The stock had a trading volume of 252,289 shares. 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 $34.3 and a 200-day moving average of $35.73. The company has a market cap of $1.099 billion and a P/E ratio of 45.53.
Trex Company (NASDAQ:TREX) last released its earnings data 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 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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