Trex (NYSE:TREX) SVP Jacob Rudolph Sells 1,400 Shares of Stock

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

Trex Stock Performance

Shares of NYSE TREX traded down $0.29 during trading hours on Friday, reaching $49.69. 814,453 shares of the stock were exchanged, compared to its average volume of 1,977,706. The firm has a market capitalization of $5.16 billion, a price-to-earnings ratio of 27.73, a P/E/G ratio of 9.93 and a beta of 1.51. Trex Company, Inc. has a 52 week low of $29.77 and a 52 week high of $68.78. The stock’s fifty day simple moving average is $41.85 and its 200 day simple moving average is $39.99.

Trex (NYSE:TREX) last released its quarterly earnings results on Thursday, May 7th. The construction company reported $0.59 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.51 by $0.08. Trex had a return on equity of 19.66% and a net margin of 16.25%.The business had revenue of $343.40 million during the quarter, compared to the consensus estimate of $339.99 million. During the same period in the previous year, the company posted $0.60 EPS. The firm’s quarterly revenue was up 1.0% on a year-over-year basis. Research analysts predict that Trex Company, Inc. will post 1.68 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several research firms recently commented on TREX. Weiss Ratings upgraded shares of Trex from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Monday, May 11th. Barclays reissued an “underweight” rating and issued a $36.00 price objective (up from $35.00) on shares of Trex in a report on Monday, May 11th. Bank of America decreased their target price on shares of Trex from $43.00 to $42.00 and set an “underperform” rating on the stock in a research report on Monday, April 20th. DA Davidson reaffirmed a “buy” rating and set a $51.00 target price on shares of Trex in a report on Friday, June 5th. Finally, Truist Financial set a $55.00 price target on shares of Trex and gave the company a “buy” rating in a research report on Monday. Eleven equities research analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and two have issued a Sell rating to the stock. Based on data from MarketBeat.com, Trex has an average rating of “Hold” and an average price target of $46.68.

Institutional Investors Weigh In On Trex

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

About Trex

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.