Trex Company Inc (NYSE:TREX) Director Michael F. Golden sold 4,051 shares of the company’s stock in a transaction dated Tuesday, February 27th. The shares were sold at an average price of $108.06, for a total transaction of $437,751.06. Following the completion of the transaction, the director now owns 4,604 shares in the company, valued at $497,508.24. The transaction was disclosed in a filing with the SEC, which is available at this link.
Trex Company Inc (TREX) traded down $2.01 during midday trading on Wednesday, hitting $104.68. 73,695 shares of the stock were exchanged, compared to its average volume of 259,433. Trex Company Inc has a one year low of $61.57 and a one year high of $120.40. The firm has a market cap of $3,294.53, a P/E ratio of 33.13 and a beta of 2.31.
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 Zacks’ 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 company had revenue of $122.21 million during the quarter, compared to the consensus estimate of $118.48 million. During the same quarter in the prior year, the company posted $0.43 EPS. The company’s quarterly revenue was up 28.2% compared to the same quarter last year. equities analysts expect that Trex Company Inc will post 4 earnings per share for the current fiscal year.
Hedge funds and other institutional investors have recently bought and sold shares of the company. USA Mutuals Advisors Inc. acquired a new position in shares of Trex during the 4th quarter valued at about $104,000. Bessemer Group Inc. increased its stake in shares of Trex by 352.7% during the 3rd quarter. Bessemer Group Inc. now owns 1,435 shares of the construction company’s stock valued at $129,000 after acquiring an additional 1,118 shares during the last quarter. Greenwood Capital Associates LLC acquired a new position in shares of Trex during the 3rd quarter valued at about $202,000. Everence Capital Management Inc. acquired a new position in shares of Trex during the 3rd quarter valued at about $212,000. Finally, Commerce Bank acquired a new position in shares of Trex during the 4th quarter valued at about $217,000. 90.58% of the stock is owned by institutional investors.
A number of research analysts have issued reports on TREX shares. Stifel Nicolaus reduced their target price on shares of Trex from $100.00 to $89.00 and set a “hold” rating on the stock in a report on Friday, December 8th. Zacks Investment Research upgraded shares of Trex from a “hold” rating to a “buy” rating and set a $125.00 target price on the stock in a report on Thursday, January 11th. B. Riley upgraded shares of Trex from a “neutral” rating to a “buy” rating and upped their target price for the company from $96.00 to $125.00 in a report on Wednesday, January 3rd. SunTrust Banks restated a “hold” rating and issued a $95.00 target price on shares of Trex in a report on Wednesday, November 1st. Finally, FBR & Co upped their target price on shares of Trex from $80.00 to $96.00 and gave the company a “neutral” rating in a report on Tuesday, October 31st. Five investment analysts have rated the stock with a hold rating, three have given a buy rating and one has given a strong buy rating to the company’s stock. Trex presently has a consensus 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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