Trex (NYSE:TREX) SVP Amy Fernandez Sells 1,050 Shares

Trex Company, Inc. (NYSE:TREX) SVP Amy Fernandez sold 1,050 shares of the stock in a transaction that occurred on Friday, August 7th. The shares were sold at an average price of $50.07, for a total value of $52,573.50. Following the transaction, the senior vice president owned 67,794 shares of the company’s stock, valued at approximately $3,394,445.58. This trade represents a 1.53% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.

Trex Trading Up 3.2%

Shares of NYSE:TREX opened at $49.73 on Wednesday. The firm has a market cap of $5.17 billion, a PE ratio of 29.60, a price-to-earnings-growth ratio of 3.33 and a beta of 1.48. The company has a fifty day simple moving average of $45.80 and a 200 day simple moving average of $42.00. Trex Company, Inc. has a 12-month low of $29.77 and a 12-month high of $66.06.

Trex (NYSE:TREX) last posted its quarterly earnings data on Tuesday, August 4th. The construction company reported $0.62 EPS for the quarter, missing analysts’ consensus estimates of $0.63 by ($0.01). The company had revenue of $418.02 million for the quarter, compared to the consensus estimate of $415.71 million. Trex had a net margin of 14.68% and a return on equity of 18.03%. The company’s revenue was up 7.8% compared to the same quarter last year. During the same quarter last year, the company earned $0.71 earnings per share. As a group, equities research analysts forecast that Trex Company, Inc. will post 1.76 EPS for the current fiscal year.

Institutional Trading of Trex

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

Analyst Upgrades and Downgrades

Several brokerages recently weighed in on TREX. Zelman & Associates raised Trex from a “neutral” rating to an “outperform” rating and set a $50.00 price objective for the company in a report on Monday, May 18th. Bank of America boosted their price target on Trex from $42.00 to $44.00 and gave the company an “underperform” rating in a report on Tuesday, July 14th. Stifel Nicolaus set a $49.00 price objective on Trex and gave the stock a “hold” rating in a research note on Tuesday. DA Davidson reaffirmed a “buy” rating and issued a $55.00 price objective on shares of Trex in a report on Tuesday, July 14th. Finally, UBS Group reissued a “buy” rating and set a $61.00 target price (up from $59.00) on shares of Trex in a report on Tuesday, July 14th. One investment analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating, nine have issued a Hold rating and two have assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, Trex presently has an average rating of “Hold” and an average price target of $49.30.

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.