Amy M. Fernandez Sells 2,366 Shares of Trex Company, Inc. (NYSE:TREX) Stock

Trex Company, Inc. (NYSE:TREX) SVP Amy M. Fernandez sold 2,366 shares of the business’s stock in a transaction dated Monday, May 12th. The shares were sold at an average price of $61.17, for a total transaction of $144,728.22. Following the transaction, the senior vice president now directly owns 24,569 shares in the company, valued at approximately $1,502,885.73. The trade was a 8.78% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink.

Trex Price Performance

NYSE TREX opened at $61.67 on Wednesday. The firm’s 50-day moving average is $57.11 and its two-hundred day moving average is $65.75. Trex Company, Inc. has a 12 month low of $49.01 and a 12 month high of $92.02. The stock has a market capitalization of $6.61 billion, a P/E ratio of 28.16, a PEG ratio of 2.51 and a beta of 1.62.

Trex (NYSE:TREX) last issued its quarterly earnings results on Thursday, May 8th. The construction company reported $0.60 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.58 by $0.02. The company had revenue of $339.99 million for the quarter, compared to analyst estimates of $329.11 million. Trex had a net margin of 20.23% and a return on equity of 28.89%. The business’s revenue for the quarter was down 9.0% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.82 earnings per share. As a group, analysts anticipate that Trex Company, Inc. will post 2.04 EPS for the current year.

Institutional Trading of Trex

A number of institutional investors and hedge funds have recently bought and sold shares of TREX. Alliancebernstein L.P. increased its stake in Trex by 54.5% during the fourth quarter. Alliancebernstein L.P. now owns 10,819,326 shares of the construction company’s stock worth $746,858,000 after purchasing an additional 3,818,025 shares during the period. Price T Rowe Associates Inc. MD increased its stake in shares of Trex by 463.7% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 3,134,849 shares of the construction company’s stock worth $216,400,000 after buying an additional 2,578,734 shares during the period. Madison Asset Management LLC purchased a new stake in shares of Trex during the first quarter worth approximately $109,852,000. AustralianSuper Pty Ltd purchased a new stake in shares of Trex during the fourth quarter worth approximately $110,414,000. Finally, Anomaly Capital Management LP increased its stake in shares of Trex by 228.2% during the fourth quarter. Anomaly Capital Management LP now owns 1,512,783 shares of the construction company’s stock worth $104,427,000 after buying an additional 1,051,888 shares during the period. 95.96% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several research analysts have recently weighed in on TREX shares. JPMorgan Chase & Co. lowered their price target on shares of Trex from $79.00 to $73.00 and set a “neutral” rating on the stock in a research report on Wednesday, March 5th. Jefferies Financial Group lowered their price target on shares of Trex from $81.00 to $71.00 and set a “hold” rating on the stock in a research report on Tuesday, February 25th. Bank of America lowered their price target on shares of Trex from $85.00 to $79.00 and set a “buy” rating on the stock in a research report on Tuesday, February 25th. StockNews.com cut shares of Trex from a “hold” rating to a “sell” rating in a research report on Wednesday, March 5th. Finally, BMO Capital Markets raised shares of Trex from a “market perform” rating to an “outperform” rating and set a $72.00 price target on the stock in a research report on Thursday, April 17th. Two investment analysts have rated the stock with a sell rating, eight have given a hold rating and eight have given a buy rating to the stock. Based on data from MarketBeat.com, Trex has an average rating of “Hold” and a consensus target price of $76.65.

Trex Company Profile

Trex Company, Inc manufactures and distributes composite decking, railing, and outdoor living products and accessories for residential and commercial markets in the United States. It offers decking products and accessories under the names Trex Transcend, Trex Select, Trex Signature, Trex Transcend Lineage, and Trex Enhance for protection against fading, staining, mold, and scratching; Trex Hideaway, a hidden fastening system; and Trex DeckLighting, a LED dimmable deck lighting for use on posts, floors, and steps.