Trex (NYSE:TREX) SVP Jacob Rudolph Sells 1,400 Shares of Stock

Trex Company, Inc. (NYSE:TREX) SVP Jacob Rudolph sold 1,400 shares of the stock in a transaction dated Thursday, June 25th. The shares were sold at an average price of $50.00, for a total value of $70,000.00. Following the completion of the transaction, the senior vice president owned 36,631 shares of the company’s stock, valued at $1,831,550. This represents a 3.68% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Trex Price Performance

Trex stock opened at $49.87 on Friday. The business has a 50 day moving average of $42.04 and a 200-day moving average of $40.06. Trex Company, Inc. has a 1 year low of $29.77 and a 1 year high of $68.78. The company has a market capitalization of $5.18 billion, a P/E ratio of 27.86, a P/E/G ratio of 10.15 and a beta of 1.51.

Trex (NYSE:TREX) last posted its earnings results on Thursday, May 7th. The construction company reported $0.59 earnings per share for the quarter, topping analysts’ consensus estimates of $0.51 by $0.08. The firm had revenue of $343.40 million for the quarter, compared to analyst estimates of $339.99 million. Trex had a net margin of 16.25% and a return on equity of 19.66%. The company’s revenue for the quarter was up 1.0% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.60 EPS. Equities analysts anticipate that Trex Company, Inc. will post 1.68 EPS for the current year.

Institutional Trading of Trex

Hedge funds have recently bought and sold shares of the business. V Square Quantitative Management LLC bought a new position in shares of Trex in the fourth quarter valued at $27,000. Clearstead Trust LLC purchased a new stake in shares of Trex in the fourth quarter worth approximately $33,000. Ascentis Independent Advisors purchased a new position in shares of Trex during the first quarter valued at approximately $44,000. Eurizon Capital SGR S.p.A. bought a new stake in Trex during the fourth quarter worth $47,000. Finally, Empowered Funds LLC bought a new position in Trex during the 4th quarter valued at $50,000. Institutional investors and hedge funds own 95.96% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have recently issued reports on the company. Truist Financial set a $55.00 price objective on Trex and gave the stock a “buy” rating in a research report on Monday. DA Davidson reaffirmed a “buy” rating and issued a $51.00 price objective on shares of Trex in a research note on Friday, June 5th. Stifel Nicolaus upped their price target on shares of Trex from $40.00 to $44.00 and gave the company a “hold” rating in a research report on Monday, May 11th. Zelman & Associates raised Trex from a “neutral” rating to an “outperform” rating and set a $50.00 price objective on the stock in a research note on Monday, May 18th. Finally, Wall Street Zen cut Trex from a “hold” rating to a “sell” rating in a research note on Saturday, June 6th. Eleven investment analysts have rated the stock with a Buy rating, nine have given a Hold rating and two have assigned a Sell rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $46.68.

Trex Company Profile

Trex Company, Inc is a leading manufacturer of wood-alternative decking and railing systems designed for residential and commercial outdoor living environments. The company’s core offerings feature composite decking products made from a proprietary blend of recycled wood fibers and plastic film, which deliver enhanced durability, resistance to rot and insect damage, and low maintenance compared to traditional wood. Trex also provides matching railing, lighting, fencing and cladding solutions that allow customers to create cohesive, high-performance outdoor spaces.

Trex’s product portfolio is organized into multiple performance tiers, including premium, mid-range and value-oriented lines.