Trex (NYSE:TREX) Stock: Insider Adam Dante Zambanini Sells 500 Shares

Trex Company, Inc. (NYSE:TREX) CEO Adam Zambanini sold 500 shares of the firm’s stock in a transaction dated Monday, November 9th. The stock was sold at an average price of $55.84, for a total transaction of $27,920.00. Following the completion of the transaction, the chief executive officer owned 235,505 shares of the company’s stock, valued at approximately $13,150,599.20. The trade was a 0.21% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.

Trex Stock Down 7.2%

TREX opened at $54.53 on Wednesday. The firm has a market capitalization of $5.45 billion, a P/E ratio of 31.70, a PEG ratio of 3.17 and a beta of 1.46. The stock has a fifty day moving average of $46.75 and a 200-day moving average of $43.56. Trex Company, Inc. has a 12-month low of $29.77 and a 12-month high of $60.21.

Trex (NYSE:TREX) last issued its quarterly earnings results on Wednesday, November 4th. The construction company reported $0.55 earnings per share for the quarter, beating analysts’ consensus estimates of $0.48 by $0.07. The business had revenue of $359.50 million for the quarter, compared to the consensus estimate of $314.86 million. Trex had a return on equity of 18.27% and a net margin of 13.89%. Trex’s revenue for the quarter was up 26.0% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.51 earnings per share. On average, analysts expect that Trex Company, Inc. will post 1.84 earnings per share for the current fiscal year.

Institutional Trading of Trex

A number of institutional investors and hedge funds have recently made changes to their positions in TREX. Chicago Partners Investment Group LLC raised its stake in shares of Trex by 1.1% in the 3rd quarter. Chicago Partners Investment Group LLC now owns 21,868 shares of the construction company’s stock valued at $1,102,000 after acquiring an additional 247 shares in the last quarter. Citizens Financial Group Inc. RI grew its position in shares of Trex by 5.5% in the third quarter. Citizens Financial Group Inc. RI now owns 5,369 shares of the construction company’s stock valued at $234,000 after purchasing an additional 280 shares during the last quarter. Global Retirement Partners LLC lifted its position in shares of Trex by 12.9% during the 3rd quarter. Global Retirement Partners LLC now owns 2,474 shares of the construction company’s stock worth $108,000 after purchasing an additional 282 shares during the last quarter. Parallel Advisors LLC grew its holdings in Trex by 10.3% in the 3rd quarter. Parallel Advisors LLC now owns 4,103 shares of the construction company’s stock valued at $179,000 after buying an additional 382 shares during the last quarter. Finally, Hantz Financial Services Inc. increased its position in Trex by 3.5% in the 3rd quarter. Hantz Financial Services Inc. now owns 12,827 shares of the construction company’s stock worth $559,000 after buying an additional 437 shares during the period. Institutional investors and hedge funds own 95.96% of the company’s stock.

Key Headlines Impacting Trex

Here are the key news stories impacting Trex this week:

• Positive Sentiment: Trex reported third-quarter sales of about $360 million, up 26% year over year, and EPS of $0.55, topping the $0.48 analyst consensus. However, a $30 million distribution load-in contributed to sales, so some of the growth may not be recurring. Trex: 3 Key Takeaways for Long-Term Investors
• Positive Sentiment: Trex’s Refuge decking was selected as a winner in Good Housekeeping’s 2027 Home Reno Awards, offering favorable product visibility. Trex Refuge Decking Selected as a Good Housekeeping 2027 Home Reno Awards Winner
• Neutral Sentiment: A market roundup listed TREX among stocks under pressure, but the report details provided do not specify a Trex-specific catalyst. Market roundup on falling shares
• Negative Sentiment: D.A. Davidson lowered its rating on Trex from Buy to Neutral and set a $55 price target, suggesting limited upside at the time of the report. This more cautious analyst stance is a potential near-term headwind.
• Negative Sentiment: CEO Adam Zambanini and several senior vice presidents disclosed share sales. The transactions were relatively small compared with their remaining holdings, but insider selling can add to investor caution. Trex insider transactions

Analyst Ratings Changes

A number of equities analysts have recently weighed in on TREX shares. Weiss Ratings upgraded Trex from a “hold (c-)” rating to a “hold (c)” rating in a report on Tuesday, September 1st. Citigroup raised their price target on shares of Trex from $52.00 to $59.00 and gave the stock a “neutral” rating in a report on Thursday, November 5th. Stephens boosted their price objective on shares of Trex from $45.00 to $50.00 and gave the company an “equal weight” rating in a research report on Tuesday, July 28th. DA Davidson downgraded shares of Trex from a “buy” rating to a “neutral” rating and set a $55.00 price objective on the stock. in a research report on Tuesday. Finally, Stifel Nicolaus set a $55.00 price objective on shares of Trex and gave the company a “buy” rating in a research note on Monday, October 19th. Twelve investment analysts have rated the stock with a Buy rating, six have given a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, Trex presently has a consensus rating of “Moderate Buy” and a consensus price target of $55.18.

About Trex

Trex Company, Inc. manufactures wood-alternative decking, railing and other outdoor-living products. Its composite decking is made primarily from reclaimed wood and recycled plastic, offering an alternative to traditional wood materials. The company’s products include composite deck boards and railing systems, along with accessories such as outdoor lighting and drainage products. Trex sells through a network of distributors, dealers and retailers, serving customers primarily in North America as well as international markets.