Insider Selling: Trex Company Inc (NYSE:TREX) SVP Sells 4,563 Shares of Stock

Trex Company Inc (NYSE:TREX) SVP William R. Gupp sold 4,563 shares of the firm’s stock in a transaction dated Tuesday, July 30th. The shares were sold at an average price of $82.04, for a total value of $374,348.52. Following the completion of the sale, the senior vice president now directly owns 59,382 shares in the company, valued at $4,871,699.28. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink.

Shares of NYSE TREX traded up $0.72 during mid-day trading on Wednesday, hitting $81.75. The company had a trading volume of 1,838,581 shares, compared to its average volume of 863,586. The company has a debt-to-equity ratio of 0.11, a quick ratio of 2.26 and a current ratio of 2.73. The firm’s 50-day moving average price is $70.59. Trex Company Inc has a 12 month low of $50.88 and a 12 month high of $90.74. The company has a market cap of $4.15 billion, a price-to-earnings ratio of 34.79, a P/E/G ratio of 2.93 and a beta of 2.12.

Trex (NYSE:TREX) last released its earnings results on Monday, July 29th. The construction company reported $0.64 earnings per share for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.64. Trex had a net margin of 18.63% and a return on equity of 40.07%. The business had revenue of $206.45 million during the quarter, compared to analysts’ expectations of $201.70 million. During the same quarter last year, the company earned $0.73 earnings per share. The firm’s revenue was down .1% on a year-over-year basis. Analysts anticipate that Trex Company Inc will post 2.42 EPS for the current fiscal year.

Several equities research analysts have recently issued reports on TREX shares. Zacks Investment Research downgraded Trex from a “buy” rating to a “hold” rating in a research report on Saturday. SunTrust Banks raised their price target on Trex to $70.00 and gave the company a “hold” rating in a research report on Tuesday. DA Davidson raised their price target on Trex to $87.00 and gave the company a “buy” rating in a research report on Tuesday. Berenberg Bank reaffirmed a “buy” rating and issued a $80.00 price target on shares of Trex in a research report on Tuesday. Finally, B. Riley downgraded Trex from a “buy” rating to a “neutral” rating and lowered their price target for the company from $80.00 to $72.00 in a research report on Tuesday, April 30th. Five equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. Trex has a consensus rating of “Hold” and a consensus price target of $75.75.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Advisor Group Inc. boosted its position in shares of Trex by 31.6% during the second quarter. Advisor Group Inc. now owns 1,009 shares of the construction company’s stock worth $72,000 after purchasing an additional 242 shares in the last quarter. AGF Investments Inc. boosted its position in shares of Trex by 1.9% during the second quarter. AGF Investments Inc. now owns 55,665 shares of the construction company’s stock worth $3,991,000 after purchasing an additional 1,062 shares in the last quarter. Los Angeles Capital Management & Equity Research Inc. boosted its position in shares of Trex by 27.8% during the second quarter. Los Angeles Capital Management & Equity Research Inc. now owns 35,988 shares of the construction company’s stock worth $2,580,000 after purchasing an additional 7,832 shares in the last quarter. Redwood Investments LLC boosted its position in shares of Trex by 27.1% during the second quarter. Redwood Investments LLC now owns 338,270 shares of the construction company’s stock worth $24,254,000 after purchasing an additional 72,127 shares in the last quarter. Finally, Moody Aldrich Partners LLC boosted its position in shares of Trex by 48.5% during the second quarter. Moody Aldrich Partners LLC now owns 76,567 shares of the construction company’s stock worth $5,490,000 after purchasing an additional 25,017 shares in the last quarter. Institutional investors and hedge funds own 98.88% of the company’s stock.

Trex Company Profile

Trex Co, Inc engages in the manufacture of wood-alternative decking and railing. Its products include deck framing and drainage, outdoor lighting, furniture, pergola and outdoor kitchens, fencing, collections, and accessory hardware. It operates through the following segments Trex Residential Products and Trex Commercial Products.

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