Trex (NYSE:TREX) SVP Sells $71,237.97 in Stock

Trex Company, Inc. (NYSE:TREX) SVP Amy Fernandez sold 1,231 shares of the business’s stock in a transaction on Thursday, November 5th. The shares were sold at an average price of $57.87, for a total transaction of $71,237.97. Following the transaction, the senior vice president owned 66,563 shares of the company’s stock, valued at $3,852,000.81. This trade represents a 1.82% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website.

Trex Trading Up 7.4%

Shares of Trex stock traded up $4.03 during trading on Monday, hitting $58.77. The stock had a trading volume of 2,507,702 shares, compared to its average volume of 1,960,865. The firm has a market cap of $6.11 billion, a price-to-earnings ratio of 34.17, a P/E/G ratio of 2.98 and a beta of 1.46. Trex Company, Inc. has a 12 month low of $29.77 and a 12 month high of $60.21. The business’s 50-day moving average is $46.31 and its 200 day moving average is $43.43.

Trex (NYSE:TREX) last posted its quarterly earnings data on Wednesday, November 4th. The construction company reported $0.55 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.48 by $0.07. The company had revenue of $359.50 million during the quarter, compared to analyst estimates of $314.86 million. Trex had a return on equity of 18.27% and a net margin of 13.89%. The firm’s quarterly revenue was up 26.0% on a year-over-year basis. During the same quarter last year, the company earned $0.51 earnings per share. As a group, equities analysts expect that Trex Company, Inc. will post 1.82 EPS for the current year.

Institutional Trading of Trex

A number of hedge funds have recently made changes to their positions in the stock. Versant Capital Management Inc bought a new position in Trex in the second quarter valued at $58,000. Ascentis Independent Advisors purchased a new stake in Trex during the first quarter valued at about $44,000. Elevation Wealth Partners LLC raised its position in Trex by 250.7% during the third quarter. Elevation Wealth Partners LLC now owns 1,224 shares of the construction company’s stock valued at $53,000 after purchasing an additional 875 shares in the last quarter. GAMMA Investing LLC raised its position in Trex by 104.7% during the third quarter. GAMMA Investing LLC now owns 1,269 shares of the construction company’s stock valued at $55,000 after purchasing an additional 649 shares in the last quarter. Finally, IFP Advisors Inc lifted its stake in Trex by 76.0% during the second quarter. IFP Advisors Inc now owns 1,584 shares of the construction company’s stock worth $79,000 after purchasing an additional 684 shares during the last quarter. 95.96% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several analysts have weighed in on the company. Citigroup raised their price target on Trex from $52.00 to $59.00 and gave the company a “neutral” rating in a report on Thursday. UBS Group reissued a “buy” rating and set a $61.00 price objective (up from $59.00) on shares of Trex in a report on Tuesday, July 14th. DA Davidson restated a “buy” rating and issued a $55.00 price objective on shares of Trex in a research report on Tuesday, July 14th. BMO Capital Markets set a $57.00 price objective on shares of Trex in a research report on Wednesday, August 5th. Finally, Stifel Nicolaus set a $55.00 target price on shares of Trex and gave the company a “buy” rating in a research note on Monday, October 19th. Thirteen analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, Trex presently has an average rating of “Moderate Buy” and a consensus target price of $55.18.

About Trex