Jay T. Scripter Sells 25,758 Shares of Trex Company Inc (NYSE:TREX) Stock

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Trex Company Inc (NYSE:TREX) VP Jay T. Scripter sold 25,758 shares of Trex stock in a transaction dated Thursday, June 20th. The shares were sold at an average price of $69.15, for a total value of $1,781,165.70. Following the completion of the transaction, the vice president now directly owns 573 shares of the company’s stock, valued at $39,622.95. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Trex stock opened at $67.10 on Thursday. The firm has a market cap of $3.99 billion, a price-to-earnings ratio of 28.55, a P/E/G ratio of 2.83 and a beta of 2.06. Trex Company Inc has a 1 year low of $50.88 and a 1 year high of $90.74. The stock’s 50-day moving average is $65.07. The company has a debt-to-equity ratio of 0.11, a current ratio of 2.73 and a quick ratio of 2.26.

Trex (NYSE:TREX) last posted its earnings results on Monday, April 29th. The construction company reported $0.54 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.59 by ($0.05). The company had revenue of $179.57 million for the quarter, compared to analyst estimates of $176.75 million. Trex had a return on equity of 40.07% and a net margin of 18.63%. Trex’s quarterly revenue was up 4.9% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.63 earnings per share. On average, equities research analysts expect that Trex Company Inc will post 2.41 EPS for the current fiscal year.

A number of analysts recently commented on TREX shares. Zacks Investment Research upgraded Trex from a “hold” rating to a “buy” rating and set a $85.00 price objective for the company in a research report on Thursday, April 18th. DA Davidson initiated coverage on Trex in a research report on Friday, April 5th. They set a “buy” rating and a $80.00 target price for the company. Sidoti upgraded Trex from a “neutral” rating to a “buy” rating and set a $80.00 target price for the company in a research report on Friday, March 29th. Stifel Nicolaus upgraded Trex from a “hold” rating to a “buy” rating and boosted their target price for the stock from $70.00 to $72.00 in a research report on Thursday, March 28th. Finally, Berenberg Bank restated a “buy” rating and set a $89.00 target price on shares of Trex in a research report on Wednesday, February 27th. Five research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. The company presently has an average rating of “Hold” and an average target price of $74.00.

Several large investors have recently added to or reduced their stakes in the company. Amundi Pioneer Asset Management Inc. raised its stake in shares of Trex by 50.5% during the 1st quarter. Amundi Pioneer Asset Management Inc. now owns 337,153 shares of the construction company’s stock worth $20,742,000 after purchasing an additional 113,161 shares in the last quarter. Nordea Investment Management AB increased its holdings in shares of Trex by 0.4% during the 1st quarter. Nordea Investment Management AB now owns 64,085 shares of the construction company’s stock worth $3,942,000 after acquiring an additional 230 shares during the last quarter. Marshall Wace North America L.P. acquired a new position in shares of Trex during the 1st quarter worth approximately $2,079,000. Marshall Wace LLP acquired a new position in shares of Trex during the 1st quarter worth approximately $3,092,000. Finally, Westfield Capital Management Co. LP increased its holdings in shares of Trex by 11.7% during the 1st quarter. Westfield Capital Management Co. LP now owns 425,860 shares of the construction company’s stock worth $26,199,000 after acquiring an additional 44,480 shares during the last quarter. Institutional investors and hedge funds own 96.86% of the company’s stock.

Trex Company Profile

Trex Co, Inc engages in the manufacture of wood-alternative decking and railing. Its products include deck framing and drainage, outdoor lighting, furniture, pergola and outdoor kitchens, fencing, collections, and accessory hardware. It operates through the following segments Trex Residential Products and Trex Commercial Products.

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