Patricia B. Robinson Sells 3,237 Shares of Trex Company, Inc. (TREX) Stock

Trex Company, Inc. (NYSE:TREX) Director Patricia B. Robinson sold 3,237 shares of Trex stock in a transaction dated Friday, April 6th. The shares were sold at an average price of $112.14, for a total transaction of $362,997.18. Following the transaction, the director now owns 14,901 shares of the company’s stock, valued at $1,670,998.14. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.

Trex stock traded down $3.59 during midday trading on Friday, hitting $110.10. 182,831 shares of the stock were exchanged, compared to its average volume of 236,347. Trex Company, Inc. has a 52-week low of $61.57 and a 52-week high of $120.40. The stock has a market cap of $3,308.06, a PE ratio of 34.84 and a beta of 2.25.

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Trex (NYSE:TREX) last released its quarterly earnings results on Wednesday, February 21st. The construction company reported $0.56 earnings per share for the quarter, topping 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 company earned $0.43 earnings per share. The firm’s revenue for the quarter was up 28.2% compared to the same quarter last year. equities analysts predict that Trex Company, Inc. will post 4.2 EPS for the current fiscal year.

Trex declared that its board has authorized a stock repurchase program on Wednesday, February 21st that permits the company to buyback 2,900,000 outstanding shares. This buyback authorization permits the construction company to purchase shares of its stock through open market purchases. Stock buyback programs are usually an indication that the company’s board believes its shares are undervalued.

TREX has been the subject of a number of analyst reports. B. Riley upgraded shares of Trex from a “neutral” rating to a “buy” rating and lifted their price objective for the company from $96.00 to $125.00 in a report on Wednesday, January 3rd. 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 report on Thursday, January 11th. Finally, Stifel Nicolaus restated a “hold” rating and set a $110.00 price target (up from $100.00) on shares of Trex in a report on Thursday, February 22nd. Five equities research analysts have rated the stock with a hold rating, three have given a buy rating and one has issued a strong buy rating to the stock. The stock presently has an average rating of “Buy” and a consensus price target of $102.00.

A number of institutional investors have recently added to or reduced their stakes in the stock. USA Mutuals Advisors Inc. bought a new stake in Trex in the fourth quarter worth about $104,000. Commerce Bank bought a new stake in Trex in the fourth quarter worth about $217,000. IPG Investment Advisors LLC bought a new stake in Trex in the fourth quarter worth about $219,000. Wedbush Securities Inc. bought a new stake in Trex in the fourth quarter worth about $222,000. Finally, Ladenburg Thalmann Financial Services Inc. raised its position in Trex by 27.7% in the third quarter. Ladenburg Thalmann Financial Services Inc. now owns 2,546 shares of the construction company’s stock worth $228,000 after acquiring an additional 553 shares during the period. Institutional investors and hedge funds own 91.05% of the company’s stock.

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About Trex

Trex Company, Inc manufactures and distributes wood/plastic composite products, and related accessories primarily for the residential and commercial decking, and railing applications in the United States. It offers Trex Transcend, Trex Enhance, and Trex Select protective shells for protection against fading, staining, mold, and scratching; and Trex Hideaway, a hidden fastening system for grooved boards.

Insider Buying and Selling by Quarter for Trex (NYSE:TREX)

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