Trex Company, Inc. (TREX) Shares Sold by KBC Group NV
KBC Group NV cut its position in shares of Trex Company, Inc. (NYSE:TREX) by 42.6% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 30,839 shares of the construction company’s stock after selling 22,901 shares during the period. KBC Group NV owned about 0.11% of Trex worth $2,087,000 as of its most recent filing with the SEC.
Several other large investors also recently added to or reduced their stakes in the stock. Whittier Trust Co. acquired a new stake in shares of Trex during the first quarter valued at $103,000. PNC Financial Services Group Inc. increased its stake in shares of Trex by 2.8% in the first quarter. PNC Financial Services Group Inc. now owns 2,050 shares of the construction company’s stock valued at $142,000 after buying an additional 56 shares during the last quarter. Ameritas Investment Partners Inc. acquired a new stake in shares of Trex during the first quarter valued at $177,000. Fox Run Management L.L.C. acquired a new stake in shares of Trex during the first quarter valued at $201,000. Finally, LS Investment Advisors LLC increased its stake in shares of Trex by 153.6% in the first quarter. LS Investment Advisors LLC now owns 2,949 shares of the construction company’s stock valued at $205,000 after buying an additional 1,786 shares during the last quarter. 92.19% of the stock is currently owned by institutional investors and hedge funds.
Trex Company, Inc. (NYSE TREX) opened at 74.75 on Tuesday. The stock has a market cap of $2.20 billion, a P/E ratio of 28.66 and a beta of 2.36. The firm’s 50-day moving average is $73.95 and its 200-day moving average is $69.69. Trex Company, Inc. has a 12 month low of $50.81 and a 12 month high of $82.04.
Trex (NYSE:TREX) last announced its earnings results on Monday, July 31st. The construction company reported $0.97 EPS for the quarter, topping the consensus estimate of $0.88 by $0.09. The company had revenue of $158 million for the quarter, compared to analysts’ expectations of $160.40 million. Trex had a return on equity of 56.76% and a net margin of 15.12%. The business’s revenue for the quarter was up 7.9% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.79 earnings per share. On average, equities analysts forecast that Trex Company, Inc. will post $2.99 earnings per share for the current fiscal year.
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Several equities research analysts recently weighed in on TREX shares. Zacks Investment Research raised shares of Trex from a “hold” rating to a “buy” rating and set a $73.00 target price on the stock in a research note on Friday, June 9th. Seaport Global Securities raised shares of Trex from a “neutral” rating to a “buy” rating and set a $74.00 target price on the stock in a research note on Thursday, June 1st. BidaskClub raised shares of Trex from a “hold” rating to a “buy” rating in a research note on Wednesday, July 12th. Finally, Sidoti started coverage on shares of Trex in a research note on Thursday, June 15th. They set a “buy” rating on the stock. Three investment analysts have rated the stock with a hold rating, three have given a buy rating and one has given a strong buy rating to the company’s stock. Trex currently has a consensus rating of “Buy” and an average target price of $75.20.
In related news, Director Frank H. Merlotti, Jr. sold 2,093 shares of the firm’s stock in a transaction dated Wednesday, August 16th. The stock was sold at an average price of $75.71, for a total value of $158,461.03. Following the transaction, the director now owns 12,640 shares in the company, valued at $956,974.40. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, SVP William R. Gupp sold 3,500 shares of the firm’s stock in a transaction dated Wednesday, August 2nd. The shares were sold at an average price of $77.18, for a total value of $270,130.00. Following the completion of the transaction, the senior vice president now owns 41,711 shares in the company, valued at approximately $3,219,254.98. The disclosure for this sale can be found here. In the last quarter, insiders sold 14,680 shares of company stock worth $1,145,196. 0.95% of the stock is owned by company insiders.
Trex Company Profile
Trex Company, Inc is a manufacturer of wood-alternative decking and railing products. The Company’s products are marketed under the brand name Trex and are manufactured in the United States. It offers a set of outdoor living products in the decking, railing, porch, fencing, trim, steel deck framing and outdoor lighting categories.
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