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

Trex Company, Inc. (NYSE:TREX) SVP Jacob Rudolph sold 1,400 shares of the company’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 sale, the senior vice president owned 36,631 shares in the company, valued at $1,831,550. The trade was a 3.68% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Trex Stock Down 0.2%

Shares of Trex stock opened at $49.87 on Friday. Trex Company, Inc. has a 52-week low of $29.77 and a 52-week high of $68.78. The company has a market capitalization of $5.18 billion, a P/E ratio of 27.86, a P/E/G ratio of 10.10 and a beta of 1.51. The company has a 50 day moving average of $42.04 and a 200 day moving average of $40.06.

Trex (NYSE:TREX) last announced its quarterly earnings data on Thursday, May 7th. The construction company reported $0.59 EPS 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 company had revenue of $343.40 million for the quarter, compared to the consensus estimate of $339.99 million. During the same period in the prior year, the firm posted $0.60 EPS. The company’s quarterly revenue was up 1.0% compared to the same quarter last year. As a group, research analysts anticipate that Trex Company, Inc. will post 1.68 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of analysts have issued reports on the company. Bank of America decreased their price target on Trex from $43.00 to $42.00 and set an “underperform” rating for the company in a report on Monday, April 20th. DA Davidson reissued a “buy” rating and set a $51.00 target price on shares of Trex in a research report on Friday, June 5th. UBS Group reaffirmed a “buy” rating and issued a $59.00 price target (up from $58.00) on shares of Trex in a report on Friday, May 8th. Citigroup reiterated a “neutral” rating and issued a $43.00 price target (down from $46.00) on shares of Trex in a research note on Monday, May 11th. Finally, Zelman & Associates raised shares of Trex from a “neutral” rating to an “outperform” rating and set a $50.00 price objective on the stock in a report on Monday, May 18th. Eleven investment analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and two have given a Sell rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $46.68.

Institutional Trading of Trex

Several institutional investors and hedge funds have recently made changes to their positions in the company. AQR Capital Management LLC increased its position in Trex by 3.2% during the first quarter. AQR Capital Management LLC now owns 5,642 shares of the construction company’s stock worth $320,000 after buying an additional 177 shares during the period. Goldman Sachs Group Inc. boosted its holdings in shares of Trex by 91.3% in the first quarter. Goldman Sachs Group Inc. now owns 822,772 shares of the construction company’s stock valued at $47,803,000 after acquiring an additional 392,715 shares during the period. Hsbc Holdings PLC grew its position in shares of Trex by 6.3% during the second quarter. Hsbc Holdings PLC now owns 5,403 shares of the construction company’s stock worth $294,000 after acquiring an additional 322 shares during the last quarter. First Trust Advisors LP grew its position in shares of Trex by 535.1% during the second quarter. First Trust Advisors LP now owns 22,038 shares of the construction company’s stock worth $1,198,000 after acquiring an additional 18,568 shares during the last quarter. Finally, Jump Financial LLC acquired a new position in shares of Trex in the 2nd quarter valued at $1,055,000. 95.96% of the stock is owned by hedge funds and other institutional investors.

About Trex

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.