Trex Company Inc (TREX) Director Jay M. Gratz Sells 1,418 Shares
Trex Company Inc (NYSE:TREX) Director Jay M. Gratz sold 1,418 shares of Trex stock in a transaction that occurred on Tuesday, December 5th. The shares were sold at an average price of $111.05, for a total transaction of $157,468.90. Following the transaction, the director now directly owns 8,901 shares in the company, valued at approximately $988,456.05. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.
Trex Company Inc (NYSE:TREX) traded down $1.23 during trading on Wednesday, hitting $109.76. 208,100 shares of the stock traded hands, compared to its average volume of 235,756. The company has a market capitalization of $3,265.87, a PE ratio of 36.63 and a beta of 2.43. Trex Company Inc has a 52-week low of $61.57 and a 52-week high of $118.65.
Trex (NYSE:TREX) last released its quarterly earnings data on Monday, October 30th. The construction company reported $0.68 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.55 by $0.13. Trex had a net margin of 16.61% and a return on equity of 51.30%. The firm had revenue of $140.19 million for the quarter, compared to analysts’ expectations of $125.30 million. During the same quarter last year, the business posted $0.26 earnings per share. The company’s revenue for the quarter was up 32.0% compared to the same quarter last year. sell-side analysts expect that Trex Company Inc will post 3.11 earnings per share for the current year.
TREX has been the topic of several recent analyst reports. Zacks Investment Research upgraded shares of Trex from a “sell” rating to a “buy” rating and set a $123.00 price objective on the stock in a research report on Thursday, November 2nd. SunTrust Banks reiterated a “hold” rating and set a $95.00 price objective on shares of Trex in a research report on Wednesday, November 1st. B. Riley reiterated a “neutral” rating and set a $96.00 price objective (up previously from $80.00) on shares of Trex in a research report on Wednesday, November 1st. Stifel Nicolaus reiterated a “hold” rating and set a $89.00 price objective on shares of Trex in a research report on Wednesday, November 1st. Finally, Sidoti cut shares of Trex from a “buy” rating to a “neutral” rating and set a $89.00 price objective on the stock. in a research report on Monday, October 2nd. Eight equities research analysts have rated the stock with a hold rating, one has given a buy rating and one has assigned a strong buy rating to the company. The stock has a consensus rating of “Hold” and a consensus price target of $90.00.
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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