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.

A number of large investors have recently made changes to their positions in the stock. Vanguard Group Inc. increased its position in Trex by 2.3% during the 3rd quarter. Vanguard Group Inc. now owns 5,843,017 shares of the construction company’s stock valued at $449,795,000 after buying an additional 128,870 shares in the last quarter. Vanguard Group Inc increased its position in Trex by 2.3% during the 3rd quarter. Vanguard Group Inc now owns 5,843,017 shares of the construction company’s stock valued at $449,795,000 after buying an additional 128,870 shares in the last quarter. Clearbridge Investments LLC increased its position in Trex by 0.6% during the 3rd quarter. Clearbridge Investments LLC now owns 3,191,168 shares of the construction company’s stock valued at $245,656,000 after buying an additional 19,625 shares in the last quarter. Dimensional Fund Advisors LP increased its position in Trex by 2.8% during the 4th quarter. Dimensional Fund Advisors LP now owns 1,403,288 shares of the construction company’s stock valued at $83,298,000 after buying an additional 37,952 shares in the last quarter. Finally, Conestoga Capital Advisors LLC increased its position in Trex by 1.7% during the 1st quarter. Conestoga Capital Advisors LLC now owns 1,179,679 shares of the construction company’s stock valued at $72,574,000 after buying an additional 19,237 shares in the last quarter. 94.28% of the stock is currently owned by institutional investors.

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.

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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

Insider Buying and Selling by Quarter for Trex (NYSE:TREX)

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