James E. Cline Sells 11,980 Shares of Trex Company Inc (TREX) Stock
Trex Company Inc (NYSE:TREX) insider James E. Cline sold 11,980 shares of the company’s stock in a transaction on Wednesday, May 1st. The stock was sold at an average price of $68.34, for a total value of $818,713.20. Following the sale, the insider now owns 81,897 shares of the company’s stock, valued at $5,596,840.98. The sale was disclosed in a filing with the SEC, which is available through this hyperlink.
Shares of NYSE:TREX opened at $64.90 on Friday. Trex Company Inc has a 1 year low of $50.88 and a 1 year high of $90.74. The stock has a market cap of $4.08 billion, a P/E ratio of 27.62, a price-to-earnings-growth ratio of 3.49 and a beta of 1.98.
Trex (NYSE:TREX) last announced its earnings results on Monday, April 29th. The construction company reported $0.54 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.59 by ($0.05). Trex had a net margin of 18.63% and a return on equity of 40.07%. The business had revenue of $179.57 million for the quarter, compared to analyst estimates of $176.75 million. During the same period in the prior year, the company earned $0.63 earnings per share. The company’s quarterly revenue was up 4.9% on a year-over-year basis. Equities analysts predict that Trex Company Inc will post 2.48 earnings per share for the current fiscal year.
TREX has been the subject of a number of analyst reports. Jefferies Financial Group initiated coverage on Trex in a research note on Wednesday, January 9th. They set a “hold” rating and a $60.00 price objective for the company. Sidoti upgraded Trex from a “neutral” rating to a “buy” rating and set a $80.00 price objective for the company in a research note on Friday, March 29th. B. Riley restated a “buy” rating and set a $80.00 price objective (up from $71.00) on shares of Trex in a research note on Friday, February 15th. SunTrust Banks decreased their price objective on Trex to $63.00 and set a “hold” rating for the company in a research note on Tuesday. They noted that the move was a valuation call. Finally, Berenberg Bank restated a “buy” rating and set a $89.00 price objective on shares of Trex in a research note on Wednesday, February 27th. Five equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus price target of $75.13.
Trex Company Profile
Trex Co, Inc engages in the manufacture of wood-alternative decking and railing. Its products include deck framing and drainage, outdoor lighting, furniture, pergola and outdoor kitchens, fencing, collections, and accessory hardware. It operates through the following segments Trex Residential Products and Trex Commercial Products.
Read More: SEC Filing
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