Trex Company Inc (NYSE:TREX) Director Jay M. Gratz sold 1,058 shares of the stock in a transaction on Tuesday, January 16th. The shares were sold at an average price of $116.95, for a total transaction of $123,733.10. Following the transaction, the director now directly owns 8,801 shares in the company, valued at approximately $1,029,276.95. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink.
Shares of Trex Company Inc (NYSE TREX) traded down $7.83 during trading on Tuesday, reaching $109.38. 283,046 shares of the company’s stock were exchanged, compared to its average volume of 332,280. The company has a market cap of $3,270.00, a price-to-earnings ratio of 35.51 and a beta of 2.43. Trex Company Inc has a 1-year low of $61.57 and a 1-year high of $120.40.
Trex (NYSE:TREX) last announced its quarterly earnings results on Monday, October 30th. The construction company reported $0.68 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.55 by $0.13. The business had revenue of $140.19 million for 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 was up 32.0% on a year-over-year basis. During the same quarter last year, the firm earned $0.26 EPS. analysts anticipate that Trex Company Inc will post 3.14 earnings per share for the current year.
Several institutional investors and hedge funds have recently made changes to their positions in TREX. Bessemer Group Inc. boosted its stake in shares of Trex by 352.7% during the 3rd quarter. Bessemer Group Inc. now owns 1,435 shares of the construction company’s stock valued at $129,000 after purchasing an additional 1,118 shares in the last quarter. 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 purchasing an additional 1,098 shares in the last quarter. 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 purchasing an additional 282 shares in the last quarter. 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 purchasing an additional 322 shares in the last quarter. Finally, Greenwood Capital Associates LLC bought a new stake in shares of Trex during the 3rd quarter valued at about $202,000. 88.97% of the stock is currently owned by hedge funds and other institutional investors.
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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.
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