Trex Company, Inc. (NYSE:TREX) VP Sells $312,384.80 in Stock
Trex Company, Inc. (NYSE:TREX) VP Christopher Paul Gerhard sold 3,920 shares of the business’s stock in a transaction dated Monday, August 7th. The shares were sold at an average price of $79.69, for a total value of $312,384.80. Following the completion of the transaction, the vice president now owns 26,560 shares in the company, valued at approximately $2,116,566.40. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website.
Shares of Trex Company, Inc. (NYSE TREX) traded down 0.72% during midday trading on Monday, reaching $79.10. The company’s stock had a trading volume of 206,122 shares. The stock has a 50 day moving average of $70.20 and a 200-day moving average of $68.76. Trex Company, Inc. has a 1-year low of $50.81 and a 1-year high of $82.04. The company has a market capitalization of $2.32 billion, a P/E ratio of 30.33 and a beta of 2.36.
Trex (NYSE:TREX) last announced its quarterly earnings results on Monday, July 31st. The construction company reported $0.97 EPS for the quarter, beating the consensus estimate of $0.88 by $0.09. Trex had a net margin of 15.12% and a return on equity of 56.76%. The company had revenue of $158 million for the quarter, compared to analyst estimates of $160.40 million. During the same quarter last year, the business earned $0.79 earnings per share. Trex’s revenue was up 7.9% compared to the same quarter last year. On average, equities research analysts anticipate that Trex Company, Inc. will post $2.99 earnings per share for the current year.
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Several large investors have recently made changes to their positions in the stock. Russell Investments Group Ltd. purchased a new stake in shares of Trex during the fourth quarter valued at approximately $127,000. Norges Bank purchased a new stake in shares of Trex during the fourth quarter valued at approximately $19,743,000. Teachers Advisors LLC raised its stake in shares of Trex by 6.5% in the fourth quarter. Teachers Advisors LLC now owns 50,022 shares of the construction company’s stock valued at $3,221,000 after buying an additional 3,044 shares during the last quarter. Creative Planning raised its stake in shares of Trex by 17.8% in the first quarter. Creative Planning now owns 6,053 shares of the construction company’s stock valued at $420,000 after buying an additional 916 shares during the last quarter. Finally, Fox Run Management L.L.C. purchased a new stake in shares of Trex during the first quarter valued at approximately $201,000. Institutional investors own 92.21% of the company’s stock.
Several brokerages recently issued reports on TREX. FBR & Co boosted their price target on Trex from $69.00 to $80.00 and gave the company a “mkt perform” rating in a research report on Tuesday, August 1st. Stifel Nicolaus restated a “hold” rating and issued a $75.00 price target on shares of Trex in a research report on Thursday. Zacks Investment Research upgraded Trex from a “hold” rating to a “strong-buy” rating and set a $89.00 price target on the stock in a research report on Thursday. BidaskClub upgraded Trex from a “buy” rating to a “strong-buy” rating in a research report on Monday, July 31st. Finally, Griffin Securities cut Trex from a “buy” rating to a “neutral” rating in a research report on Tuesday, August 1st. Three research analysts have rated the stock with a hold rating, two have assigned a buy rating and two have given a strong buy rating to the company’s stock. The company has a consensus rating of “Buy” and a consensus price target of $75.20.
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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