Insider Selling: Trex (NYSE:TREX) SVP Sells $52,573.50 in Stock

Trex Company, Inc. (NYSE:TREX) SVP Amy Fernandez sold 1,050 shares of the business’s stock in a transaction dated Friday, August 7th. The stock was sold at an average price of $50.07, for a total transaction of $52,573.50. Following the completion of the sale, the senior vice president owned 67,794 shares in the company, valued at $3,394,445.58. This represents a 1.53% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website.

Trex Trading Up 1.0%

NYSE:TREX opened at $50.02 on Friday. The firm has a 50-day moving average price of $46.17 and a two-hundred day moving average price of $42.10. Trex Company, Inc. has a twelve month low of $29.77 and a twelve month high of $66.06. The company has a market capitalization of $5.20 billion, a P/E ratio of 29.78, a price-to-earnings-growth ratio of 3.42 and a beta of 1.48.

Trex (NYSE:TREX) last announced its quarterly earnings results on Tuesday, August 4th. The construction company reported $0.62 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.63 by ($0.01). The business had revenue of $418.02 million during the quarter, compared to analysts’ expectations of $415.71 million. Trex had a net margin of 14.68% and a return on equity of 18.03%. The firm’s revenue for the quarter was up 7.8% on a year-over-year basis. During the same period last year, the company earned $0.71 EPS. On average, equities research analysts predict that Trex Company, Inc. will post 1.76 earnings per share for the current year.

Wall Street Analyst Weigh In

TREX has been the topic of several recent research reports. Truist Financial upped their price objective on Trex from $55.00 to $60.00 and gave the company a “buy” rating in a research report on Tuesday, July 14th. Deutsche Bank Aktiengesellschaft reiterated a “hold” rating and set a $51.00 price objective (up from $41.00) on shares of Trex in a research report on Tuesday, July 14th. Bank of America upped their target price on shares of Trex from $42.00 to $44.00 and gave the company an “underperform” rating in a report on Tuesday, July 14th. UBS Group reiterated a “buy” rating and set a $61.00 price target (up from $59.00) on shares of Trex in a report on Tuesday, July 14th. Finally, Wall Street Zen raised shares of Trex from a “sell” rating to a “hold” rating in a research report on Sunday, July 12th. One equities research analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating, nine have assigned a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $49.30.

Institutional Trading of Trex

Institutional investors have recently made changes to their positions in the stock. AQR Capital Management LLC raised its position in shares of Trex by 3.2% in the 1st 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. grew its position in Trex by 91.3% during 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 increased its stake in 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 increased its stake in 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 purchased a new position in shares of Trex in the 2nd quarter worth about $1,055,000. 95.96% of the stock is owned by hedge funds and other institutional investors.

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.