Trex (NYSE:TREX) Stock: Insider Jacob Rudolph Sells 1,969 Shares

Trex Company, Inc. (NYSE:TREX) SVP Jacob Rudolph sold 1,969 shares of the firm’s stock in a transaction on Monday, November 9th. The stock was sold at an average price of $59.07, for a total value of $116,308.83. Following the completion of the transaction, the senior vice president owned 37,462 shares in the company, valued at $2,212,880.34. The trade was a 4.99% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink.

Trex Stock Down 7.2%

TREX stock opened at $54.53 on Wednesday. The company has a market cap of $5.45 billion, a PE ratio of 31.70, a price-to-earnings-growth ratio of 3.17 and a beta of 1.46. The business has a 50-day simple moving average of $46.75 and a 200 day simple moving average of $43.56. Trex Company, Inc. has a 52 week low of $29.77 and a 52 week high of $60.21.

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

Analyst Upgrades and Downgrades

Several research firms recently issued reports on TREX. Bank of America upgraded shares of Trex from an “underperform” rating to a “buy” rating and increased their price target for the stock from $46.00 to $65.00 in a research report on Thursday, November 5th. Citigroup lifted 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. Truist Financial boosted their price objective on shares of Trex from $60.00 to $75.00 and gave the company a “buy” rating in a research report on Thursday, November 5th. Barclays upped their target price on Trex from $42.00 to $46.00 and gave the stock an “underweight” rating in a research note on Thursday, November 5th. Finally, Zacks Research downgraded Trex from a “strong-buy” rating to a “hold” rating in a report on Monday, September 14th. Twelve investment analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, Trex presently has a consensus rating of “Moderate Buy” and an average target price of $55.18.

More Trex News

Here are the key news stories impacting Trex this week:

• Positive Sentiment: Trex reported third-quarter sales of about $360 million, up 26% year over year, and EPS of $0.55, topping the $0.48 analyst consensus. However, a $30 million distribution load-in contributed to sales, so some of the growth may not be recurring. Trex: 3 Key Takeaways for Long-Term Investors
• Positive Sentiment: Trex’s Refuge decking was selected as a winner in Good Housekeeping’s 2027 Home Reno Awards, offering favorable product visibility. Trex Refuge Decking Selected as a Good Housekeeping 2027 Home Reno Awards Winner
• Neutral Sentiment: A market roundup listed TREX among stocks under pressure, but the report details provided do not specify a Trex-specific catalyst. Market roundup on falling shares
• Negative Sentiment: D.A. Davidson lowered its rating on Trex from Buy to Neutral and set a $55 price target, suggesting limited upside at the time of the report. This more cautious analyst stance is a potential near-term headwind.
• Negative Sentiment: CEO Adam Zambanini and several senior vice presidents disclosed share sales. The transactions were relatively small compared with their remaining holdings, but insider selling can add to investor caution. Trex insider transactions

Institutional Investors Weigh In On Trex

Several hedge funds and other institutional investors have recently made changes to their positions in the stock. BlackRock Inc. bought a new position in Trex in the 2nd quarter valued at approximately $525,081,000. Wellington Management Group LLP boosted its position in Trex by 18.2% in the second quarter. Wellington Management Group LLP now owns 9,877,116 shares of the construction company’s stock valued at $494,251,000 after buying an additional 1,518,338 shares in the last quarter. Bank of America Corp DE bought a new stake in shares of Trex during the second quarter worth $94,851,000. Royce & Associates LP grew its stake in shares of Trex by 45.6% during the third quarter. Royce & Associates LP now owns 1,078,705 shares of the construction company’s stock worth $46,988,000 after buying an additional 337,592 shares during the last quarter. Finally, Freestone Grove Partners LP bought a new stake in shares of Trex during the second quarter worth $36,197,000. 95.96% of the stock is owned by institutional investors.

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.