Trex Company, Inc. (TREX) VP Sells $121,186.44 in Stock
Trex Company, Inc. (NYSE:TREX) VP Jay T. Scripter sold 1,116 shares of the business’s stock in a transaction that occurred on Wednesday, November 1st. The stock was sold at an average price of $108.59, for a total value of $121,186.44. Following the sale, the vice president now directly owns 14,212 shares in the company, valued at approximately $1,543,281.08. The sale was disclosed in a legal filing with the SEC, which is available through this link.
Trex (NYSE:TREX) last issued its earnings results on Monday, October 30th. The construction company reported $0.68 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.55 by $0.13. The company had revenue of $140.19 million during the quarter, compared to analyst estimates of $125.30 million. Trex had a net margin of 16.61% and a return on equity of 51.30%. The company’s revenue for the quarter was up 32.0% on a year-over-year basis. During the same quarter last year, the business posted $0.26 EPS.
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Several brokerages have recently commented on TREX. SunTrust Banks, Inc. reissued a “hold” rating and set a $95.00 price target on shares of Trex in a research note on Wednesday. Stifel Nicolaus reaffirmed a “hold” rating and issued a $89.00 target price on shares of Trex in a research note on Wednesday. B. Riley upped their target price on Trex from $80.00 to $96.00 and gave the company a “neutral” rating in a research note on Wednesday. Zacks Investment Research raised Trex from a “sell” rating to a “buy” rating and set a $123.00 target price on the stock in a research note on Thursday. Finally, BidaskClub lowered Trex from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, August 22nd. Seven analysts have rated the stock with a hold rating, two have given a buy rating and one has given a strong buy rating to the company. The stock has a consensus rating of “Hold” and an average target price of $90.00.
Large investors have recently modified their holdings of the business. PNC Financial Services Group Inc. boosted its stake in shares of Trex by 2.8% during the 1st 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. Riverhead Capital Management LLC boosted its stake in shares of Trex by 91.5% during the 2nd quarter. Riverhead Capital Management LLC now owns 2,298 shares of the construction company’s stock valued at $156,000 after buying an additional 1,098 shares during the period. Victory Capital Management Inc. boosted its stake in shares of Trex by 12.9% during the 2nd quarter. Victory Capital Management Inc. now owns 2,465 shares of the construction company’s stock valued at $167,000 after buying an additional 282 shares during the period. D.A. Davidson & CO. boosted its stake in shares of Trex by 13.7% during the 2nd quarter. D.A. Davidson & CO. now owns 2,664 shares of the construction company’s stock valued at $180,000 after buying an additional 322 shares during the period. Finally, Greenwood Capital Associates LLC acquired a new stake in shares of Trex during the 3rd quarter valued at $202,000. 92.27% of the stock is owned by institutional investors.
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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