Trex Company Inc (NYSE:TREX) SVP William R. Gupp sold 3,500 shares of Trex stock in a transaction on Friday, February 23rd. The stock was sold at an average price of $105.99, for a total transaction of $370,965.00. Following the transaction, the senior vice president now directly owns 36,438 shares in the company, valued at $3,862,063.62. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.
Shares of Trex Company Inc (TREX) opened at $111.95 on Tuesday. The company has a market cap of $3,290.00, a price-to-earnings ratio of 34.13 and a beta of 2.31. Trex Company Inc has a 52-week low of $61.57 and a 52-week high of $120.40.
Trex (NYSE:TREX) last posted its quarterly earnings data on Wednesday, February 21st. The construction company reported $0.56 EPS for the quarter, beating the consensus estimate of $0.54 by $0.02. Trex had a net margin of 16.83% and a return on equity of 46.94%. The business had revenue of $122.21 million for the quarter, compared to analysts’ expectations of $118.48 million. During the same period in the previous year, the firm posted $0.43 EPS. The firm’s revenue was up 28.2% compared to the same quarter last year. equities analysts predict that Trex Company Inc will post 4 EPS for the current year.
Several equities research analysts recently commented on TREX shares. FBR & Co boosted their price objective on shares of Trex from $80.00 to $96.00 and gave the company a “neutral” rating in a research report on Tuesday, October 31st. B. Riley boosted their price objective on shares of Trex from $125.00 to $126.00 and gave the company a “buy” rating in a research report on Thursday, February 22nd. Stifel Nicolaus cut their price objective on shares of Trex from $100.00 to $89.00 and set a “hold” rating on the stock in a research report on Friday, December 8th. Zacks Investment Research cut shares of Trex from a “buy” rating to a “hold” rating in a research report on Saturday, November 11th. Finally, SunTrust Banks reaffirmed a “hold” rating and issued a $95.00 price objective on shares of Trex in a research report on Wednesday, November 1st. Five research analysts have rated the stock with a hold rating, three have given a buy rating and one has assigned a strong buy rating to the company’s stock. Trex currently has an average rating of “Buy” and a consensus target price of $102.14.
A number of large investors have recently modified their holdings of TREX. USA Mutuals Advisors Inc. bought a new stake in Trex during the 4th quarter worth about $104,000. Bessemer Group Inc. lifted its position in Trex by 352.7% during the 3rd quarter. Bessemer Group Inc. now owns 1,435 shares of the construction company’s stock worth $129,000 after buying an additional 1,118 shares in the last quarter. Greenwood Capital Associates LLC bought a new stake in Trex during the 3rd quarter worth about $202,000. Everence Capital Management Inc. bought a new stake in Trex during the 3rd quarter worth about $212,000. Finally, Commerce Bank bought a new stake in Trex during the 4th quarter worth about $217,000. 90.58% of the stock is currently owned by hedge funds and other institutional investors.
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Trex Company Profile
Trex Company, Inc is a manufacturer of wood-alternative decking and railing products. The Company’s products are marketed under the brand name Trex and are manufactured in the United States. It offers a set of outdoor living products in the decking, railing, porch, fencing, trim, steel deck framing and outdoor lighting categories.
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