Insider Selling: Trex Company Director Sells 4,000 Shares of Stock (TREX)
Trex Company (NASDAQ:TREX) Director Patricia B. Robinson sold 4,000 shares of the company’s stock on the open market in a transaction that occurred on Wednesday, August 20th. The stock was sold at an average price of $37.50, for a total transaction of $150,000.00. Following the sale, the director now directly owns 7,874 shares of the company’s stock, valued at approximately $295,275. The transaction was disclosed in a legal filing with the SEC, which is available at this link.
Shares of Trex Company (NASDAQ:TREX) traded up 0.40% on Wednesday, hitting $37.29. The stock had a trading volume of 301,999 shares. Trex Company has a 1-year low of $20.625 and a 1-year high of $43.425. The stock’s 50-day moving average is $30.94 and its 200-day moving average is $33.69. The company has a market cap of $1.227 billion and a P/E ratio of 45.68.
Trex Company (NASDAQ:TREX) last released its earnings data on Monday, August 4th. The company reported $0.46 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.44 by $0.02. The company had revenue of $121.30 million for the quarter, compared to the consensus estimate of $123.73 million. During the same quarter in the prior year, the company posted $0.86 earnings per share. The company’s quarterly revenue was up 23.0% on a year-over-year basis. Analysts expect that Trex Company will post $1.19 EPS for the current fiscal year.
A number of analysts have recently weighed in on TREX shares. Analysts at Stifel Nicolaus upgraded shares of Trex Company from a “hold” rating to a “buy” rating in a research note on Tuesday, July 22nd. They now have a $37.00 price target on the stock. Analysts at Off Wall Street reiterated a “sell” rating on shares of Trex Company in a research note on Friday, July 11th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and five have assigned a buy rating to the company. The company presently has an average rating of “Hold” and a consensus price target of $38.70.
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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