Amy Fernandez Sells 1,050 Shares of Trex (NYSE:TREX) Stock

Trex Company, Inc. (NYSE:TREXGet Free Report) SVP Amy Fernandez sold 1,050 shares of the firm’s stock in a transaction on Friday, August 7th. The shares were sold at an average price of $50.07, for a total transaction of $52,573.50. Following the sale, the senior vice president owned 67,794 shares in the company, valued at approximately $3,394,445.58. This trade represents a 1.53% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link.

Trex Trading Down 0.5%

Shares of Trex stock opened at $49.48 on Thursday. The firm has a market capitalization of $5.14 billion, a PE ratio of 29.45, a price-to-earnings-growth ratio of 3.43 and a beta of 1.48. Trex Company, Inc. has a 12 month low of $29.77 and a 12 month high of $66.06. The business’s 50-day moving average price is $45.98 and its 200-day moving average price is $42.05.

Trex (NYSE:TREXGet Free Report) last released its earnings results on Tuesday, August 4th. The construction company reported $0.62 earnings per share for the quarter, missing analysts’ consensus estimates of $0.63 by ($0.01). The company had revenue of $418.02 million during the quarter, compared to the consensus estimate of $415.71 million. Trex had a net margin of 14.68% and a return on equity of 18.03%. The company’s revenue was up 7.8% on a year-over-year basis. During the same period last year, the firm posted $0.71 EPS. As a group, analysts predict that Trex Company, Inc. will post 1.76 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of TREX. BlackRock Inc. purchased a new stake in Trex during the second quarter valued at approximately $525,081,000. Wellington Management Group LLP raised its holdings in Trex by 266.0% in the 4th quarter. Wellington Management Group LLP now owns 7,225,393 shares of the construction company’s stock worth $253,467,000 after purchasing an additional 5,251,297 shares during the period. AQR Capital Management LLC raised its holdings in Trex by 143.8% in the 4th quarter. AQR Capital Management LLC now owns 3,895,534 shares of the construction company’s stock worth $136,655,000 after purchasing an additional 2,297,533 shares during the period. Norges Bank purchased a new position in Trex during the fourth quarter valued at $62,904,000. Finally, Freestone Grove Partners LP purchased a new position in Trex during the fourth quarter valued at $53,951,000. Institutional investors own 95.96% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts have commented on TREX shares. Citigroup reissued a “neutral” rating and set a $52.00 price objective (up from $43.00) on shares of Trex in a research report on Wednesday, July 15th. Wall Street Zen raised shares of Trex from a “sell” rating to a “hold” rating in a research report on Sunday, July 12th. Bank of America increased their price target on shares of Trex from $42.00 to $44.00 and gave the stock an “underperform” rating in a research note on Tuesday, July 14th. Truist Financial boosted their price objective on shares of Trex from $55.00 to $60.00 and gave the stock a “buy” rating in a research note on Tuesday, July 14th. Finally, Deutsche Bank Aktiengesellschaft reissued a “hold” rating and set a $51.00 price objective (up from $41.00) on shares of Trex in a research note on Tuesday, July 14th. One research analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating, nine have issued a Hold rating and two have issued a Sell rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $49.30.

Read Our Latest Stock Analysis on Trex

About Trex

(Get Free Report)

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.

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