Trex (NYSE:TREX) SVP Sells $70,000.00 in Stock

Trex Company, Inc. (NYSE:TREX) SVP Jacob Rudolph sold 1,400 shares of the business’s stock in a transaction on Thursday, June 25th. The stock was sold at an average price of $50.00, for a total transaction of $70,000.00. Following the completion of the transaction, the senior vice president owned 36,631 shares in the company, valued at $1,831,550. This represents a 3.68% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Trex Price Performance

NYSE:TREX opened at $49.87 on Monday. The firm has a 50-day moving average of $42.04 and a two-hundred day moving average of $40.10. The stock has a market cap of $5.18 billion, a P/E ratio of 27.86, a PEG ratio of 10.10 and a beta of 1.51. Trex Company, Inc. has a 1-year low of $29.77 and a 1-year high of $68.78.

Trex (NYSE:TREX) last announced its earnings results on Thursday, May 7th. The construction company reported $0.59 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.51 by $0.08. The business had revenue of $343.40 million for the quarter, compared to analyst estimates of $339.99 million. Trex had a return on equity of 19.66% and a net margin of 16.25%.The company’s revenue for the quarter was up 1.0% compared to the same quarter last year. During the same period in the previous year, the company earned $0.60 earnings per share. As a group, equities analysts expect that Trex Company, Inc. will post 1.68 earnings per share for the current year.

Hedge Funds Weigh In On Trex

A number of hedge funds and other institutional investors have recently bought and sold shares of TREX. V Square Quantitative Management LLC bought a new position in shares of Trex during the fourth quarter valued at approximately $27,000. Clearstead Trust LLC bought a new stake in shares of Trex in the 4th quarter worth approximately $33,000. Ascentis Independent Advisors acquired a new position in Trex during the 1st quarter valued at approximately $44,000. Eurizon Capital SGR S.p.A. acquired a new position in Trex during the 4th quarter valued at approximately $47,000. Finally, Empowered Funds LLC bought a new position in Trex during the 4th quarter worth $50,000. 95.96% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several equities analysts have recently commented on TREX shares. Truist Financial set a $55.00 target price on Trex and gave the company a “buy” rating in a research note on Monday, June 22nd. Stifel Nicolaus lifted their price target on shares of Trex from $40.00 to $44.00 and gave the stock a “hold” rating in a research note on Monday, May 11th. Bank of America cut their price target on shares of Trex from $43.00 to $42.00 and set an “underperform” rating on the stock in a report on Monday, April 20th. Citigroup reissued a “neutral” rating and set a $43.00 price objective (down from $46.00) on shares of Trex in a report on Monday, May 11th. Finally, Wall Street Zen downgraded shares of Trex from a “hold” rating to a “sell” rating in a research report on Saturday, June 6th. Eleven research analysts have rated the stock with a Buy rating, nine have issued a Hold rating and two have issued a Sell rating to the company. According to MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $46.68.

Trex Company Profile

Trex Company, Inc is a leading manufacturer of wood-alternative decking and railing systems designed for residential and commercial outdoor living environments. The company’s core offerings feature composite decking products made from a proprietary blend of recycled wood fibers and plastic film, which deliver enhanced durability, resistance to rot and insect damage, and low maintenance compared to traditional wood. Trex also provides matching railing, lighting, fencing and cladding solutions that allow customers to create cohesive, high-performance outdoor spaces.

Trex’s product portfolio is organized into multiple performance tiers, including premium, mid-range and value-oriented lines.