Trex Company Inc (TREX) Director Frank H. Merlotti, Jr. Sells 2,057 Shares
Trex Company Inc (NYSE:TREX) Director Frank H. Merlotti, Jr. sold 2,057 shares of Trex Company stock in a transaction dated Wednesday, May 17th. The stock was sold at an average price of $63.81, for a total value of $131,257.17. Following the sale, the director now directly owns 11,718 shares of the company’s stock, valued at approximately $747,725.58. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website.
Trex Company Inc (NYSE:TREX) traded down 2.92% during trading on Wednesday, hitting $63.42. The company’s stock had a trading volume of 210,368 shares. Trex Company Inc has a one year low of $39.74 and a one year high of $78.15. The firm has a market cap of $1.86 billion, a PE ratio of 25.91 and a beta of 2.33. The company has a 50-day moving average of $68.92 and a 200 day moving average of $67.62.
Trex Company (NYSE:TREX) last announced its earnings results on Thursday, May 4th. The construction company reported $0.95 earnings per share for the quarter, topping the consensus estimate of $0.88 by $0.07. Trex Company had a net margin of 13.02% and a return on equity of 65.45%. The business had revenue of $144.80 million during the quarter, compared to the consensus estimate of $144.26 million. During the same quarter in the prior year, the firm earned $0.79 earnings per share. The business’s quarterly revenue was up 9.9% compared to the same quarter last year. On average, equities analysts forecast that Trex Company Inc will post $2.85 earnings per share for the current year.
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Several large investors have recently made changes to their positions in TREX. Whittier Trust Co. acquired a new stake in shares of Trex Company during the first quarter valued at $103,000. Russell Investments Group Ltd. acquired a new stake in shares of Trex Company during the fourth quarter valued at $127,000. PNC Financial Services Group Inc. increased its stake in shares of Trex Company by 2.8% in the first quarter. PNC Financial Services Group Inc. now owns 2,050 shares of the construction company’s stock valued at $142,000 after buying an additional 56 shares during the period. Fuller & Thaler Asset Management Inc. acquired a new stake in shares of Trex Company during the third quarter valued at $159,000. Finally, Ameritas Investment Partners Inc. acquired a new stake in shares of Trex Company during the first quarter valued at $177,000. Institutional investors and hedge funds own 92.21% of the company’s stock.
TREX has been the subject of a number of research reports. Zacks Investment Research raised Trex Company from a “hold” rating to a “buy” rating and set a $79.00 price target for the company in a research report on Wednesday, April 26th. Griffin Securities reaffirmed a “buy” rating on shares of Trex Company in a research report on Wednesday, March 1st. Stifel Nicolaus lifted their price objective on Trex Company from $60.00 to $70.00 and gave the company a “hold” rating in a research note on Wednesday, February 22nd. Wedbush lifted their price objective on Trex Company from $55.00 to $58.00 and gave the company a “neutral” rating in a research note on Tuesday, January 17th. Finally, FBR & Co lifted their price objective on Trex Company from $61.00 to $69.00 and gave the company a “mkt perform” rating in a research note on Tuesday, February 28th. Five equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. Trex Company has an average rating of “Hold” and a consensus price target of $67.50.
Trex Company Company Profile
Trex Company, Inc is a manufacturer of wood-alternative decking and railing products. The Company’s products are marketed under the brand name Trex and are manufactured in the United States. It offers a set of outdoor living products in the decking, railing, porch, fencing, trim, steel deck framing and outdoor lighting categories.
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