Trex Company, Inc. (NYSE:TREX) issued its earnings results on Monday. The construction company reported $0.68 earnings per share for the quarter, topping the consensus estimate of $0.55 by $0.13, Briefing.com reports. Trex had a return on equity of 56.76% and a net margin of 15.12%. The company had revenue of $140.19 million for the quarter, compared to analyst estimates of $125.30 million. During the same period in the prior year, the firm posted $0.26 EPS. The business’s revenue was up 32.0% compared to the same quarter last year.

Shares of Trex (NYSE TREX) opened at 87.11 on Tuesday. Trex has a 52 week low of $50.81 and a 52 week high of $91.85. The company has a market cap of $2.56 billion, a P/E ratio of 33.40 and a beta of 2.33. The company’s 50-day moving average price is $85.65 and its 200 day moving average price is $74.58.

In other Trex news, VP Christopher Paul Gerhard sold 3,920 shares of the business’s stock in a transaction that occurred on Monday, August 7th. The stock was sold at an average price of $79.69, for a total transaction of $312,384.80. Following the transaction, the vice president now owns 26,560 shares of the company’s stock, valued at $2,116,566.40. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, SVP William R. Gupp sold 3,500 shares of the business’s stock in a transaction that occurred on Wednesday, August 2nd. The stock was sold at an average price of $77.18, for a total value of $270,130.00. Following the transaction, the senior vice president now directly owns 41,711 shares in the company, valued at approximately $3,219,254.98. The disclosure for this sale can be found here. In the last three months, insiders have sold 14,680 shares of company stock worth $1,145,196. Company insiders own 0.95% of the company’s stock.

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TREX has been the topic of several research reports. BidaskClub lowered Trex from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, August 22nd. Zacks Investment Research lowered Trex from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, October 4th. Stifel Nicolaus reaffirmed a “hold” rating and issued a $70.00 target price on shares of Trex in a research report on Friday, July 14th. FBR & Co upped their target price on Trex from $69.00 to $80.00 and gave the stock a “mkt perform” rating in a research report on Tuesday, August 1st. Finally, Sidoti lowered Trex from a “buy” rating to a “neutral” rating and set a $89.00 target price on the stock. in a research report on Monday, October 2nd. Five equities research analysts have rated the stock with a hold rating, one has given a buy rating and one has given a strong buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average target price of $77.50.

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.

Earnings History for Trex (NYSE:TREX)

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