Shares of Trex Company Inc (NYSE:TREX) traded up 1.1% during trading on Tuesday . The stock traded as high as $90.14 and last traded at $89.22. 9,366 shares traded hands during trading, a decline of 97% from the average session volume of 361,375 shares. The stock had previously closed at $88.29.

Several analysts recently commented on the stock. Sidoti cut shares of Trex from a “buy” rating to a “neutral” rating in a report on Friday, August 10th. ValuEngine cut shares of Trex from a “buy” rating to a “hold” rating in a report on Wednesday, June 20th. Five equities research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. The stock has a consensus rating of “Hold” and an average target price of $28.58.

The firm has a market capitalization of $4.97 billion, a P/E ratio of 55.91 and a beta of 2.39.

Trex (NYSE:TREX) last posted its quarterly earnings results on Monday, July 30th. The construction company reported $0.73 EPS for the quarter, topping the consensus estimate of $0.65 by $0.08. The business had revenue of $206.69 million during the quarter, compared to analysts’ expectations 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 period last year, the company posted $0.97 earnings per share. analysts predict that Trex Company Inc will post 2.35 earnings per share for the current fiscal year.

In other Trex news, Director Frank H. Merlotti, Jr. sold 3,051 shares of Trex stock in a transaction that occurred on Thursday, August 16th. The shares were sold at an average price of $77.39, for a total value of $236,116.89. Following the completion of the sale, the director now directly owns 24,242 shares in the company, valued at $1,876,088.38. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, VP Christopher Paul Gerhard sold 2,990 shares of Trex 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 disclosure for this sale can be found here. Insiders sold 26,175 shares of company stock valued at $2,057,493 over the last quarter. Corporate insiders own 1.17% of the company’s stock.

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Bank of New York Mellon Corp lifted its stake in Trex by 103.1% in the second quarter. Bank of New York Mellon Corp now owns 976,680 shares of the construction company’s stock valued at $61,131,000 after acquiring an additional 495,715 shares during the last quarter. Public Employees Retirement System of Ohio lifted its stake in Trex by 100.7% in the second quarter. Public Employees Retirement System of Ohio now owns 68,038 shares of the construction company’s stock valued at $4,258,000 after acquiring an additional 34,138 shares during the last quarter. WINTON GROUP Ltd acquired a new stake in Trex in the second quarter valued at approximately $6,920,000. Jane Street Group LLC acquired a new stake in Trex in the second quarter valued at approximately $328,000. Finally, California Public Employees Retirement System lifted its stake in Trex by 81.5% in the second quarter. California Public Employees Retirement System now owns 226,818 shares of the construction company’s stock valued at $14,197,000 after acquiring an additional 101,857 shares during the last quarter. Hedge funds and other institutional investors own 89.61% of the company’s stock.

Trex Company Profile (NYSE:TREX)

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.

Read More: Trading Strategy

Receive News & Ratings for Trex Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Trex and related companies with MarketBeat.com's FREE daily email newsletter.