Trex Company Inc (NYSE:TREX) Director Jay M. Gratz sold 1,058 shares of the firm’s stock in a transaction dated Tuesday, January 16th. The shares were sold at an average price of $116.95, for a total value of $123,733.10. Following the completion of the sale, the director now directly owns 8,801 shares in the company, valued at $1,029,276.95. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.
Trex Company Inc (TREX) opened at $110.00 on Thursday. The company has a market capitalization of $3,240.00, a PE ratio of 35.71 and a beta of 2.43. Trex Company Inc has a 1 year low of $61.57 and a 1 year high of $120.40.
Trex (NYSE:TREX) last posted its earnings results on Monday, October 30th. The construction company reported $0.68 EPS for the quarter, beating the consensus estimate of $0.55 by $0.13. The firm had revenue of $140.19 million during the quarter, compared to the consensus estimate of $125.30 million. Trex had a return on equity of 51.30% and a net margin of 16.61%. The business’s quarterly revenue was up 32.0% on a year-over-year basis. During the same period last year, the company earned $0.26 earnings per share. equities analysts expect that Trex Company Inc will post 3.14 EPS for the current fiscal year.
Institutional investors have recently bought and sold shares of the business. Bessemer Group Inc. raised its position in shares of Trex by 352.7% during the third quarter. Bessemer Group Inc. now owns 1,435 shares of the construction company’s stock worth $129,000 after acquiring an additional 1,118 shares during the last quarter. Greenwood Capital Associates LLC bought a new position in shares of Trex during the third quarter worth about $202,000. Riverhead Capital Management LLC raised its position in shares of Trex by 91.5% during the second quarter. Riverhead Capital Management LLC now owns 2,298 shares of the construction company’s stock worth $156,000 after acquiring an additional 1,098 shares during the last quarter. Everence Capital Management Inc. bought a new position in shares of Trex during the third quarter worth about $212,000. Finally, Teacher Retirement System of Texas bought a new position in shares of Trex during the third quarter worth about $219,000. Hedge funds and other institutional investors own 88.97% of the company’s stock.
Several analysts recently weighed in on TREX shares. Zacks Investment Research raised Trex from a “sell” rating to a “buy” rating and set a $123.00 price objective on the stock in a research note on Thursday, November 2nd. B. Riley upgraded Trex from a “neutral” rating to a “buy” rating and increased their target price for the company from $96.00 to $125.00 in a research report on Wednesday, January 3rd. Stifel Nicolaus dropped their target price on Trex from $100.00 to $89.00 and set a “hold” rating for the company in a research report on Friday, December 8th. SunTrust Banks reiterated a “hold” rating and issued a $95.00 target price on shares of Trex in a research report on Wednesday, November 1st. Finally, FBR & Co increased their target price on Trex from $80.00 to $96.00 and gave the company a “neutral” rating in a research report on Tuesday, October 31st. Five equities research 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. The company presently has an average rating of “Buy” and an average target price of $99.00.
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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