Insider Selling: Patricia B. Robinson Sells 4,000 Shares of Trex Company Stock (TREX)
Trex Company (NASDAQ:TREX) Director Patricia B. Robinson unloaded 4,000 shares of the stock in a transaction dated Wednesday, August 20th. The shares were sold at an average price of $37.50, for a total transaction of $150,000.00. Following the completion of the transaction, the director now directly owns 7,874 shares in the company, valued at approximately $295,275. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.
TREX has been the subject of a number of recent research reports. 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 research analyst has rated the stock with a sell rating, three have issued a hold rating and five have given a buy rating to the stock. Trex Company currently has an average rating of “Hold” and an average target price of $38.70.
Trex Company (NASDAQ:TREX) opened at 37.34 on Friday. 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 $31.16 and a 200-day moving average of $33.72. The company has a market cap of $1.228 billion and a P/E ratio of 45.87.
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 last year, the company posted $0.86 earnings per share. Trex Company’s revenue was up 23.0% compared to the same quarter last year. Analysts expect that Trex Company will post $1.19 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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