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

Trex Company, Inc. (NYSE:TREX) SVP Jacob Rudolph sold 1,400 shares of the firm’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 transaction of $70,000.00. Following the transaction, the senior vice president directly owned 36,631 shares of the company’s stock, valued at $1,831,550. This represents a 3.68% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Trex Trading Down 0.6%

Shares of NYSE TREX traded down $0.29 during midday trading on Friday, reaching $49.69. The company’s stock had a trading volume of 814,453 shares, compared to its average volume of 1,977,706. The stock has a 50 day simple moving average of $41.85 and a 200-day simple moving average of $39.99. The stock has a market capitalization of $5.16 billion, a price-to-earnings ratio of 27.73, a PEG ratio of 9.93 and a beta of 1.51. Trex Company, Inc. has a fifty-two week low of $29.77 and a fifty-two week high of $68.78.

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

Institutional Trading of Trex

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

Wall Street Analysts Forecast Growth

Several research analysts recently commented on the company. Barclays reissued an “underweight” rating and set a $36.00 price target (up from $35.00) on shares of Trex in a research report on Monday, May 11th. Truist Financial set a $55.00 price objective on Trex and gave the stock a “buy” rating in a research note on Monday. UBS Group reissued a “buy” rating and issued a $59.00 price objective (up from $58.00) on shares of Trex in a report on Friday, May 8th. Bank of America decreased their target price on shares of Trex from $43.00 to $42.00 and set an “underperform” rating for the company in a research note on Monday, April 20th. Finally, Stifel Nicolaus boosted their target price on shares of Trex from $40.00 to $44.00 and gave the stock a “hold” rating in a report on Monday, May 11th. Eleven research analysts have rated the stock with a Buy rating, nine have issued a Hold rating and two have given a Sell rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target 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.