Trex Company Inc (NYSE:TREX) insider James E. Cline sold 21,669 shares of the business’s stock in a transaction on Friday, February 23rd. The stock was sold at an average price of $106.58, for a total transaction of $2,309,482.02. Following the transaction, the insider now directly owns 68,736 shares in the company, valued at $7,325,882.88. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.
Shares of Trex Company Inc (TREX) opened at $106.69 on Wednesday. The stock has a market cap of $3,140.00, a price-to-earnings ratio of 32.53 and a beta of 2.31. Trex Company Inc has a twelve month low of $61.57 and a twelve month high of $120.40.
Trex (NYSE:TREX) last posted its quarterly earnings results on Wednesday, February 21st. The construction company reported $0.56 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.54 by $0.02. The firm had revenue of $122.21 million for the quarter, compared to analysts’ expectations of $118.48 million. Trex had a net margin of 16.83% and a return on equity of 46.94%. The firm’s quarterly revenue was up 28.2% on a year-over-year basis. During the same period in the prior year, the company posted $0.43 earnings per share. research analysts predict that Trex Company Inc will post 4 EPS for the current fiscal year.
Institutional investors and hedge funds have recently bought and sold shares of the stock. USA Mutuals Advisors Inc. acquired a new stake in Trex in the fourth quarter valued at $104,000. Bessemer Group Inc. increased its stake in Trex by 352.7% during the third quarter. Bessemer Group Inc. now owns 1,435 shares of the construction company’s stock valued at $129,000 after purchasing an additional 1,118 shares during the last quarter. Commerce Bank bought a new stake in Trex during the fourth quarter valued at $217,000. IPG Investment Advisors LLC bought a new stake in Trex during the fourth quarter valued at $219,000. Finally, Wedbush Securities Inc. bought a new stake in Trex during the fourth quarter valued at $222,000. 90.58% of the stock is currently owned by hedge funds and other institutional investors.
A number of research firms have recently commented on TREX. Stifel Nicolaus reissued a “hold” rating and set a $110.00 target price (up from $100.00) on shares of Trex in a research report on Thursday, February 22nd. Zacks Investment Research raised shares of Trex from a “hold” rating to a “buy” rating and set a $125.00 target price on the stock in a research report on Thursday, January 11th. SunTrust Banks reissued a “hold” rating and set a $95.00 target price on shares of Trex in a research report on Wednesday, November 1st. Finally, B. Riley reissued a “neutral” rating and set a $96.00 target price (up from $80.00) on shares of Trex in a research report on Wednesday, November 1st. Five equities 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 stock. The company has an average rating of “Buy” and an average target price of $102.00.
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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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