Trex (NYSE:TREX) SVP Sells 1,050 Shares

Trex Company, Inc. (NYSE:TREX) SVP Amy Fernandez sold 1,050 shares of Trex stock in a transaction dated Friday, August 7th. The stock was sold at an average price of $50.07, for a total transaction of $52,573.50. Following the completion of the transaction, the senior vice president owned 67,794 shares of the company’s stock, valued at $3,394,445.58. The trade was a 1.53% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.

Trex Price Performance

Shares of Trex stock traded up $1.56 during trading hours on Tuesday, reaching $49.73. The company had a trading volume of 1,652,126 shares, compared to its average volume of 2,040,740. The firm has a market cap of $5.17 billion, a PE ratio of 29.60, a price-to-earnings-growth ratio of 3.40 and a beta of 1.48. Trex Company, Inc. has a one year low of $29.77 and a one year high of $66.06. The business has a fifty day simple moving average of $45.64 and a 200 day simple moving average of $41.96.

Trex (NYSE:TREX) last released its quarterly earnings data on Tuesday, August 4th. The construction company reported $0.62 EPS for the quarter, missing analysts’ consensus estimates of $0.63 by ($0.01). Trex had a net margin of 14.68% and a return on equity of 18.03%. The firm had revenue of $418.02 million during the quarter, compared to the consensus estimate of $415.71 million. During the same quarter last year, the business posted $0.71 earnings per share. Trex’s revenue was up 7.8% compared to the same quarter last year. On average, research analysts forecast that Trex Company, Inc. will post 1.76 EPS for the current year.

Hedge Funds Weigh In On Trex

A number of hedge funds and other institutional investors have recently modified their holdings of the company. V Square Quantitative Management LLC purchased a new position in shares of Trex during the 4th quarter valued at about $27,000. Clearstead Trust LLC bought a new stake in Trex in the 4th quarter worth approximately $33,000. Versant Capital Management Inc purchased a new stake in Trex in the second quarter worth approximately $58,000. Ascentis Independent Advisors purchased a new stake in Trex in the first quarter worth approximately $44,000. Finally, Eurizon Capital SGR S.p.A. bought a new position in Trex during the fourth quarter valued at approximately $47,000. 95.96% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of brokerages have recently issued reports on TREX. Stifel Nicolaus set a $49.00 price target on Trex and gave the company a “hold” rating in a research report on Tuesday. Truist Financial raised their target price on shares of Trex from $55.00 to $60.00 and gave the company a “buy” rating in a research note on Tuesday, July 14th. Zacks Research upgraded shares of Trex from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, July 15th. Weiss Ratings raised shares of Trex from a “hold (c-)” rating to a “hold (c)” rating in a research note on Tuesday, August 4th. Finally, Stephens increased their price target on shares of Trex from $45.00 to $50.00 and gave the stock an “equal weight” rating in a report on Tuesday, July 28th. One analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating, nine have given a Hold rating and two have issued a Sell rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $49.30.

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.