Trex Company, Inc. (NYSE:TREX) SVP Amy M. Fernandez Sells 2,366 Shares

Trex Company, Inc. (NYSE:TREX) SVP Amy M. Fernandez sold 2,366 shares of the firm’s stock in a transaction dated Monday, May 12th. The stock was sold at an average price of $61.17, for a total value of $144,728.22. Following the completion of the sale, the senior vice president now directly owns 24,569 shares in the company, valued at $1,502,885.73. The trade was a 8.78% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.

Trex Stock Performance

Shares of NYSE TREX traded up $3.68 during midday trading on Monday, hitting $61.44. 985,979 shares of the stock traded hands, compared to its average volume of 1,343,569. The firm has a 50-day moving average of $56.96 and a two-hundred day moving average of $65.79. The firm has a market capitalization of $6.59 billion, a P/E ratio of 28.14, a PEG ratio of 2.51 and a beta of 1.62. Trex Company, Inc. has a one year low of $49.01 and a one year high of $92.02.

Trex (NYSE:TREX) last released its quarterly earnings results on Thursday, May 8th. The construction company reported $0.60 earnings per share for the quarter, beating the consensus estimate of $0.58 by $0.02. The firm had revenue of $339.99 million for the quarter, compared to analysts’ expectations of $329.11 million. Trex had a return on equity of 28.89% and a net margin of 20.23%. The company’s revenue was down 9.0% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.82 EPS. Equities analysts forecast that Trex Company, Inc. will post 2.04 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Trex

Several hedge funds and other institutional investors have recently modified their holdings of TREX. Barclays PLC increased its stake in Trex by 8.8% in the 3rd quarter. Barclays PLC now owns 149,623 shares of the construction company’s stock worth $9,961,000 after buying an additional 12,085 shares in the last quarter. Wilmington Savings Fund Society FSB purchased a new stake in Trex in the 3rd quarter worth $30,000. GAMMA Investing LLC increased its stake in Trex by 274.9% in the 4th quarter. GAMMA Investing LLC now owns 701 shares of the construction company’s stock worth $48,000 after buying an additional 514 shares in the last quarter. Eagle Bay Advisors LLC purchased a new stake in Trex in the 4th quarter worth $41,000. Finally, Claro Advisors LLC purchased a new stake in Trex in the 4th quarter worth $220,000. 95.96% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

TREX has been the topic of a number of research analyst reports. Barclays reduced their target price on Trex from $67.00 to $54.00 and set an “underweight” rating on the stock in a report on Tuesday, April 8th. UBS Group reduced their target price on Trex from $74.00 to $72.00 and set a “neutral” rating on the stock in a report on Friday. BMO Capital Markets upgraded Trex from a “market perform” rating to an “outperform” rating and set a $72.00 target price on the stock in a report on Thursday, April 17th. Benchmark reiterated a “buy” rating and set a $80.00 target price on shares of Trex in a report on Monday. Finally, DA Davidson reiterated a “neutral” rating and set a $74.00 target price on shares of Trex in a report on Tuesday, February 25th. Two analysts have rated the stock with a sell rating, eight have assigned a hold rating and eight have given a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $76.65.

About Trex

Trex Company, Inc manufactures and distributes composite decking, railing, and outdoor living products and accessories for residential and commercial markets in the United States. It offers decking products and accessories under the names Trex Transcend, Trex Select, Trex Signature, Trex Transcend Lineage, and Trex Enhance for protection against fading, staining, mold, and scratching; Trex Hideaway, a hidden fastening system; and Trex DeckLighting, a LED dimmable deck lighting for use on posts, floors, and steps.