Jacob T. Rudolph Sells 1,500 Shares of Trex Company, Inc. (NYSE:TREX) Stock

Trex Company, Inc. (NYSE:TREX) SVP Jacob T. Rudolph sold 1,500 shares of the firm’s stock in a transaction dated Thursday, May 15th. The stock was sold at an average price of $60.27, for a total value of $90,405.00. Following the sale, the senior vice president now directly owns 27,527 shares of the company’s stock, valued at $1,659,052.29. The trade was a 5.17% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link.

Trex Stock Performance

Shares of TREX opened at $60.80 on Friday. The stock has a 50-day simple moving average of $57.44 and a 200-day simple moving average of $65.56. The stock has a market capitalization of $6.52 billion, a PE ratio of 27.76, a PEG ratio of 2.51 and a beta of 1.62. Trex Company, Inc. has a 1 year low of $49.01 and a 1 year high of $88.87.

Trex (NYSE:TREX) last announced its quarterly earnings data on Thursday, May 8th. The construction company reported $0.60 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.58 by $0.02. The business had revenue of $339.99 million during 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 business’s quarterly revenue was down 9.0% compared to the same quarter last year. During the same quarter last year, the business posted $0.82 EPS. Analysts predict that Trex Company, Inc. will post 2.04 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of analysts recently issued reports on the company. Jefferies Financial Group cut their price objective on Trex from $81.00 to $71.00 and set a “hold” rating for the company in a research report on Tuesday, February 25th. Deutsche Bank Aktiengesellschaft assumed coverage on Trex in a research report on Tuesday, April 1st. They set a “buy” rating and a $85.00 price objective for the company. Stephens cut their price objective on Trex from $73.00 to $65.00 and set an “equal weight” rating for the company in a research report on Monday, May 12th. BMO Capital Markets upgraded Trex from a “market perform” rating to an “outperform” rating and set a $72.00 target price for the company in a report on Thursday, April 17th. Finally, JPMorgan Chase & Co. lowered their target price on Trex from $79.00 to $73.00 and set a “neutral” rating for the company in a report on Wednesday, March 5th. Two research analysts have rated the stock with a sell rating, eight have issued a hold rating and eight have assigned a buy rating to the company. According to MarketBeat, Trex presently has a consensus rating of “Hold” and an average price target of $76.65.

Hedge Funds Weigh In On Trex

Several hedge funds and other institutional investors have recently made changes to their positions in TREX. Mather Group LLC. boosted its stake in shares of Trex by 73.5% in the 4th quarter. Mather Group LLC. now owns 451 shares of the construction company’s stock valued at $31,000 after buying an additional 191 shares during the period. Avior Wealth Management LLC lifted its stake in Trex by 1,212.8% during the fourth quarter. Avior Wealth Management LLC now owns 512 shares of the construction company’s stock worth $35,000 after purchasing an additional 473 shares during the last quarter. Huntington National Bank lifted its stake in Trex by 227.2% during the fourth quarter. Huntington National Bank now owns 566 shares of the construction company’s stock worth $39,000 after purchasing an additional 393 shares during the last quarter. V Square Quantitative Management LLC lifted its stake in Trex by 47.4% during the fourth quarter. V Square Quantitative Management LLC now owns 628 shares of the construction company’s stock worth $43,000 after purchasing an additional 202 shares during the last quarter. Finally, UMB Bank n.a. lifted its stake in Trex by 33.4% during the fourth quarter. UMB Bank n.a. now owns 870 shares of the construction company’s stock worth $60,000 after purchasing an additional 218 shares during the last quarter. Hedge funds and other institutional investors own 95.96% of the company’s stock.

Trex Company Profile

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.