Trex Company Inc (NYSE:TREX) VP Christopher Paul Gerhard sold 2,990 shares of the firm’s stock in a transaction that occurred on Wednesday, August 22nd. The shares were sold at an average price of $83.58, for a total transaction of $249,904.20. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink.

Trex stock opened at $80.86 on Friday. The company has a market capitalization of $4.91 billion, a price-to-earnings ratio of 42.32 and a beta of 2.40. Trex Company Inc has a 1 year low of $36.15 and a 1 year high of $84.21.

Trex (NYSE:TREX) last posted its quarterly earnings results on Monday, July 30th. The construction company reported $0.73 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.65 by $0.08. The firm had revenue of $206.69 million for the quarter, compared to analyst estimates of $190.80 million. Trex had a net margin of 18.48% and a return on equity of 46.45%. The firm’s quarterly revenue was up 30.9% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.97 earnings per share. equities analysts forecast that Trex Company Inc will post 2.26 EPS for the current year.

A number of institutional investors have recently bought and sold shares of TREX. Advisory Services Network LLC boosted its stake in Trex by 100.0% in the 2nd quarter. Advisory Services Network LLC now owns 2,000 shares of the construction company’s stock worth $133,000 after purchasing an additional 1,000 shares during the period. Whittier Trust Co. boosted its stake in Trex by 100.0% in the 2nd quarter. Whittier Trust Co. now owns 2,958 shares of the construction company’s stock worth $185,000 after purchasing an additional 1,479 shares during the period. Bank of Montreal Can acquired a new position in Trex in the 2nd quarter worth approximately $187,000. US Bancorp DE boosted its stake in Trex by 100.0% in the 2nd quarter. US Bancorp DE now owns 3,084 shares of the construction company’s stock worth $193,000 after purchasing an additional 1,542 shares during the period. Finally, First Republic Investment Management Inc. acquired a new position in Trex in the 2nd quarter worth approximately $210,000. Hedge funds and other institutional investors own 69.16% of the company’s stock.

Several research firms have issued reports on TREX. Zacks Investment Research lowered shares of Trex from a “buy” rating to a “hold” rating in a research report on Thursday, May 3rd. B. Riley lifted their price target on shares of Trex to $31.50 and gave the stock a “buy” rating in a research report on Tuesday, May 8th. ValuEngine lowered shares of Trex from a “buy” rating to a “hold” rating in a research report on Wednesday, June 20th. Finally, Sidoti lowered shares of Trex from a “buy” rating to a “neutral” rating in a research report on Friday, August 10th. Five equities research analysts have rated the stock with a hold rating, two have given a buy rating and one has issued a strong buy rating to the company. Trex currently has a consensus rating of “Buy” and a consensus target price of $28.58.

Trex Company Profile

Trex Company, Inc manufactures and distributes wood/plastic composite products, and related accessories primarily for the residential and commercial decking, and railing applications in the United States. It offers Trex Transcend, Trex Enhance, and Trex Select protective shells for protection against fading, staining, mold, and scratching; and Trex Hideaway, a hidden fastening system for grooved boards.

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Insider Buying and Selling by Quarter for Trex (NYSE:TREX)

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