Trex Company, Inc. (NYSE:TREX) Director Frank H. Merlotti, Jr. sold 2,093 shares of the firm’s stock in a transaction that occurred on Wednesday, August 16th. The shares were sold at an average price of $75.71, for a total transaction of $158,461.03. Following the completion of the transaction, the director now directly owns 12,640 shares of the company’s stock, valued at approximately $956,974.40. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.

Shares of Trex Company, Inc. (TREX) traded down 0.92% during mid-day trading on Wednesday, reaching $75.07. 300,094 shares of the company traded hands. The company has a market capitalization of $2.21 billion, a P/E ratio of 28.78 and a beta of 2.36. The firm’s 50 day moving average price is $72.88 and its 200-day moving average price is $69.38. Trex Company, Inc. has a 52-week low of $50.81 and a 52-week high of $82.04.

Trex (NYSE:TREX) last released its quarterly earnings results on Monday, July 31st. The construction company reported $0.97 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.88 by $0.09. The firm had revenue of $158 million during the quarter, compared to analysts’ expectations of $160.40 million. Trex had a return on equity of 56.76% and a net margin of 15.12%. Trex’s quarterly revenue was up 7.9% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.79 EPS. Equities analysts predict that Trex Company, Inc. will post $2.99 earnings per share for the current fiscal year.

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Several research analysts have recently commented on TREX shares. Zacks Investment Research raised shares of Trex from a “hold” rating to a “buy” rating and set a $79.00 price objective for the company in a research note on Wednesday, April 26th. Seaport Global Securities raised shares of Trex from a “neutral” rating to a “buy” rating and set a $74.00 price objective for the company in a research note on Thursday, June 1st. Sidoti initiated coverage on shares of Trex in a report on Thursday, June 15th. They issued a “buy” rating on the stock. Finally, BidaskClub raised shares of Trex from a “hold” rating to a “buy” rating in a report on Wednesday, July 12th. Three research analysts have rated the stock with a hold rating, two have issued a buy rating and two have given a strong buy rating to the company’s stock. The company has an average rating of “Buy” and a consensus target price of $75.20.

Several institutional investors have recently added to or reduced their stakes in the stock. Alps Advisors Inc. boosted its position in Trex by 0.3% in the second quarter. Alps Advisors Inc. now owns 6,776 shares of the construction company’s stock valued at $458,000 after buying an additional 18 shares during the period. Pinebridge Investments L.P. boosted its position in Trex by 1.1% in the second quarter. Pinebridge Investments L.P. now owns 3,873 shares of the construction company’s stock valued at $262,000 after buying an additional 41 shares during the period. PNC Financial Services Group Inc. boosted its position in Trex 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. State of Alaska Department of Revenue boosted its position in Trex by 2.5% in the first quarter. State of Alaska Department of Revenue now owns 3,260 shares of the construction company’s stock valued at $226,000 after buying an additional 80 shares during the period. Finally, Virginia Retirement Systems ET AL boosted its position in Trex by 1.6% in the second quarter. Virginia Retirement Systems ET AL now owns 6,200 shares of the construction company’s stock valued at $419,000 after buying an additional 100 shares during the period. Institutional investors own 91.64% of the company’s stock.

Trex 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.

Insider Buying and Selling by Quarter for Trex (NYSE:TREX)

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