Insider Selling: Trex (NYSE:TREX) SVP Sells $71,237.97 in Stock

Trex Company, Inc. (NYSE:TREX) SVP Amy Fernandez sold 1,231 shares of the firm’s stock in a transaction on Thursday, November 5th. The stock was sold at an average price of $57.87, for a total value of $71,237.97. Following the transaction, the senior vice president owned 66,563 shares in the company, valued at $3,852,000.81. The trade was a 1.82% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link.

Trex Stock Down 0.2%

Shares of NYSE TREX opened at $54.34 on Thursday. The business has a fifty day simple moving average of $46.97 and a two-hundred day simple moving average of $43.62. The firm has a market cap of $5.43 billion, a PE ratio of 31.60, a price-to-earnings-growth ratio of 2.94 and a beta of 1.46. Trex Company, Inc. has a twelve month low of $29.77 and a twelve month high of $60.21.

Trex (NYSE:TREX) last posted its quarterly earnings results on Wednesday, November 4th. The construction company reported $0.55 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.48 by $0.07. The business had revenue of $359.50 million for the quarter, compared to the consensus estimate of $314.86 million. Trex had a return on equity of 18.27% and a net margin of 13.89%. The business’s revenue was up 26.0% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.51 EPS. On average, research analysts expect that Trex Company, Inc. will post 1.84 earnings per share for the current year.

Analyst Ratings Changes

A number of research firms have commented on TREX. Weiss Ratings downgraded shares of Trex from a “hold (c)” rating to a “hold (c-)” rating in a research report on Tuesday. Barclays boosted their price target on shares of Trex from $42.00 to $46.00 and gave the company an “underweight” rating in a report on Thursday, November 5th. Bank of America raised shares of Trex from an “underperform” rating to a “buy” rating and upped their price target for the stock from $46.00 to $65.00 in a research report on Thursday, November 5th. Citigroup increased their price objective on shares of Trex from $52.00 to $59.00 and gave the company a “neutral” rating in a research note on Thursday, November 5th. Finally, Stifel Nicolaus set a $55.00 price objective on shares of Trex and gave the company a “buy” rating in a research note on Monday, October 19th. Twelve analysts have rated the stock with a Buy rating, six have given a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $55.18.

Institutional Trading of Trex

A number of institutional investors have recently made changes to their positions in TREX. Private Wealth Asset Management LLC acquired a new position in Trex during the 3rd quarter valued at about $343,000. Focus Advisor Solutions LLC raised its stake in Trex by 11.4% in the third quarter. Focus Advisor Solutions LLC now owns 8,891 shares of the construction company’s stock valued at $387,000 after buying an additional 909 shares during the last quarter. Meeder Asset Management Inc. purchased a new stake in Trex in the third quarter valued at about $33,000. Voya Investment Management LLC boosted its holdings in Trex by 6.2% in the third quarter. Voya Investment Management LLC now owns 8,373 shares of the construction company’s stock worth $365,000 after acquiring an additional 486 shares in the last quarter. Finally, Global Retirement Partners LLC boosted its holdings in Trex by 12.9% in the third quarter. Global Retirement Partners LLC now owns 2,474 shares of the construction company’s stock worth $108,000 after acquiring an additional 282 shares in the last quarter. Institutional investors and hedge funds own 95.96% of the company’s stock.

Trex Company Profile

Trex Company, Inc. manufactures wood-alternative decking, railing and other outdoor-living products. Its composite decking is made primarily from reclaimed wood and recycled plastic, offering an alternative to traditional wood materials. The company’s products include composite deck boards and railing systems, along with accessories such as outdoor lighting and drainage products. Trex sells through a network of distributors, dealers and retailers, serving customers primarily in North America as well as international markets.