Trex Company Inc (NYSE:TREX) VP Christopher Paul Gerhard sold 3,500 shares of the company’s stock in a transaction on Wednesday, March 7th. The stock was sold at an average price of $107.48, for a total transaction of $376,180.00. Following the transaction, the vice president now owns 15,350 shares of the company’s stock, valued at approximately $1,649,818. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink.
Trex Company Inc (NYSE TREX) opened at $107.66 on Friday. The company has a market cap of $3,123.55, a price-to-earnings ratio of 33.43 and a beta of 2.30. Trex Company Inc has a 12-month low of $61.57 and a 12-month high of $120.40.
Trex (NYSE:TREX) last announced its quarterly earnings results on Wednesday, February 21st. The construction company reported $0.56 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.54 by $0.02. The business had revenue of $122.21 million during the quarter, compared to the consensus estimate of $118.48 million. Trex had a net margin of 16.83% and a return on equity of 46.94%. The business’s revenue was up 28.2% compared to the same quarter last year. During the same quarter last year, the firm posted $0.43 EPS. analysts forecast that Trex Company Inc will post 4.09 earnings per share for the current year.
A number of equities analysts have commented on the stock. Stifel Nicolaus restated a “hold” rating and set a $110.00 price objective (up previously from $100.00) on shares of Trex in a research report on Thursday, February 22nd. Zacks Investment Research upgraded shares of Trex from a “hold” rating to a “buy” rating and set a $125.00 price objective for the company in a research report on Thursday, January 11th. Finally, B. Riley upgraded shares of Trex from a “neutral” rating to a “buy” rating and upped their price objective for the stock from $96.00 to $125.00 in a research report on Wednesday, January 3rd. Five investment analysts have rated the stock with a hold rating, three have assigned a buy rating and one has given a strong buy rating to the company’s stock. Trex presently has an average rating of “Buy” and an average target price of $102.00.
Several institutional investors and hedge funds have recently made changes to their positions in the company. Xact Kapitalforvaltning AB purchased a new position in shares of Trex in the 4th quarter valued at about $299,000. MetLife Investment Advisors LLC purchased a new position in shares of Trex in the 4th quarter valued at about $1,407,000. Gotham Asset Management LLC purchased a new position in shares of Trex in the 4th quarter valued at about $8,817,000. Millennium Management LLC increased its holdings in shares of Trex by 318.5% in the 4th quarter. Millennium Management LLC now owns 16,754 shares of the construction company’s stock valued at $1,816,000 after purchasing an additional 12,751 shares in the last quarter. Finally, Teachers Advisors LLC increased its holdings in shares of Trex by 1.6% in the 4th quarter. Teachers Advisors LLC now owns 261,756 shares of the construction company’s stock valued at $28,372,000 after purchasing an additional 4,029 shares in the last quarter. Institutional investors and hedge funds own 90.27% of the company’s stock.
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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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