Amy M. Fernandez Sells 2,366 Shares of Trex Company, Inc. (NYSE:TREX) Stock

Trex Company, Inc. (NYSE:TREX) SVP Amy M. Fernandez sold 2,366 shares of Trex stock in a transaction dated Monday, May 12th. The shares were sold at an average price of $61.17, for a total transaction of $144,728.22. Following the sale, the senior vice president now owns 24,569 shares in the company, valued at approximately $1,502,885.73. This trade represents a 8.78% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink.

Trex Trading Down 1.9%

Trex stock opened at $60.49 on Thursday. The firm has a market capitalization of $6.49 billion, a P/E ratio of 27.62, a PEG ratio of 2.51 and a beta of 1.62. The business has a 50-day moving average of $57.19 and a 200-day moving average of $65.71. Trex Company, Inc. has a 1 year low of $49.01 and a 1 year high of $92.02.

Trex (NYSE:TREX) last issued its quarterly earnings data on Thursday, May 8th. The construction company reported $0.60 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.58 by $0.02. The firm had revenue of $339.99 million during the quarter, compared to analysts’ expectations of $329.11 million. Trex had a net margin of 20.23% and a return on equity of 28.89%. The business’s revenue for the quarter was down 9.0% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.82 earnings per share. Research analysts anticipate that Trex Company, Inc. will post 2.04 EPS for the current fiscal year.

Institutional Trading of Trex

A number of large investors have recently made changes to their positions in the company. B. Metzler seel. Sohn & Co. AG lifted its holdings in Trex by 6.4% during the first quarter. B. Metzler seel. Sohn & Co. AG now owns 42,491 shares of the construction company’s stock worth $2,469,000 after acquiring an additional 2,559 shares in the last quarter. Comerica Bank raised its position in shares of Trex by 10.4% during the first quarter. Comerica Bank now owns 231,538 shares of the construction company’s stock worth $13,452,000 after purchasing an additional 21,897 shares during the period. 1832 Asset Management L.P. bought a new position in shares of Trex during the 1st quarter valued at about $255,000. Advantage Alpha Capital Partners LP grew its position in shares of Trex by 1,393,400.0% in the 1st quarter. Advantage Alpha Capital Partners LP now owns 27,870 shares of the construction company’s stock valued at $1,619,000 after purchasing an additional 27,868 shares during the period. Finally, Price T Rowe Associates Inc. MD grew its position in shares of Trex by 132.8% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 7,297,863 shares of the construction company’s stock valued at $424,007,000 after purchasing an additional 4,163,014 shares during the period. Institutional investors own 95.96% of the company’s stock.

Analyst Ratings Changes

TREX has been the subject of several recent analyst reports. Jefferies Financial Group dropped their price objective on Trex from $81.00 to $71.00 and set a “hold” rating for the company in a research note on Tuesday, February 25th. StockNews.com lowered shares of Trex from a “hold” rating to a “sell” rating in a research report on Wednesday, March 5th. JPMorgan Chase & Co. dropped their price objective on shares of Trex from $79.00 to $73.00 and set a “neutral” rating for the company in a report on Wednesday, March 5th. Deutsche Bank Aktiengesellschaft started coverage on shares of Trex in a research note on Tuesday, April 1st. They issued a “buy” rating and a $85.00 target price for the company. Finally, DA Davidson reaffirmed a “neutral” rating and set a $74.00 price target on shares of Trex in a report on Tuesday, February 25th. Two research analysts have rated the stock with a sell rating, eight have given a hold rating and eight have issued a buy rating to the stock. According to data from MarketBeat, Trex has a consensus rating of “Hold” and an average target price of $76.65.

About Trex

Trex Company, Inc manufactures and distributes composite decking, railing, and outdoor living products and accessories for residential and commercial markets in the United States. It offers decking products and accessories under the names Trex Transcend, Trex Select, Trex Signature, Trex Transcend Lineage, and Trex Enhance for protection against fading, staining, mold, and scratching; Trex Hideaway, a hidden fastening system; and Trex DeckLighting, a LED dimmable deck lighting for use on posts, floors, and steps.