Key Points
- Trex SVP Amy Fernandez sold 1,050 shares at an average price of $50.07, totaling $52,573.50. She retained 67,794 shares following the transaction.
- Trex reported quarterly revenue of $418.02 million, exceeding estimates, but EPS of $0.62 narrowly missed the $0.63 consensus; revenue rose 7.8% year over year.
- Wall Street’s consensus rating remains “Hold”, with an average price target of $49.30, while institutional investors own approximately 95.96% of the company’s shares.
Trex Company, Inc. (NYSE:TREX - Get Free Report) SVP Amy Fernandez sold 1,050 shares of the business's stock in a transaction that occurred on Friday, August 7th. The stock was sold at an average price of $50.07, for a total value of $52,573.50. Following the transaction, the senior vice president owned 67,794 shares of the company's stock, valued at approximately $3,394,445.58. This represents a 1.53% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink.
Trex Price Performance
TREX opened at $49.73 on Wednesday. The stock's 50 day moving average price is $45.80 and its 200 day moving average price is $42.00. The stock has a market cap of $5.17 billion, a P/E ratio of 29.60, a P/E/G ratio of 3.33 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.
Trex (NYSE:TREX - Get Free Report) last announced its quarterly earnings results on Tuesday, August 4th. The construction company reported $0.62 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.63 by ($0.01). Trex had a return on equity of 18.03% and a net margin of 14.68%.The business had revenue of $418.02 million for the quarter, compared to analyst estimates of $415.71 million. During the same quarter last year, the firm posted $0.71 EPS. The company's revenue was up 7.8% compared to the same quarter last year. Equities analysts anticipate that Trex Company, Inc. will post 1.76 EPS for the current year.
Institutional Investors Weigh In On Trex
Several hedge funds have recently modified their holdings of TREX. Ieq Capital LLC acquired a new position in shares of Trex in the 2nd quarter valued at $3,950,000. Heron Bay Capital Management acquired a new stake in Trex during the 2nd quarter worth about $23,030,000. Callan Family Office LLC acquired a new stake in Trex during the 2nd quarter worth about $299,000. Green Alpha Advisors LLC purchased a new stake in Trex during the second quarter valued at about $888,000. Finally, Allworth Financial LP acquired a new position in shares of Trex in the second quarter worth about $339,000. 95.96% of the stock is owned by hedge funds and other institutional investors.
Wall Street Analysts Forecast Growth
Several research analysts have recently issued reports on the stock. Deutsche Bank Aktiengesellschaft reiterated a "hold" rating and issued a $51.00 price objective (up from $41.00) on shares of Trex in a report on Tuesday, July 14th. Bank of America boosted their price target on shares of Trex from $42.00 to $44.00 and gave the stock an "underperform" rating in a research report on Tuesday, July 14th. Barclays reissued an "underweight" rating and issued a $42.00 price target (up from $36.00) on shares of Trex in a report on Tuesday, July 14th. DA Davidson restated a "buy" rating and set a $55.00 price objective on shares of Trex in a research report on Tuesday, July 14th. Finally, Citigroup reiterated a "neutral" rating and issued a $52.00 target price (up from $43.00) on shares of Trex in a report on Wednesday, July 15th. One equities 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 stock. According to data from MarketBeat.com, Trex currently has an average rating of "Hold" and a consensus price target of $49.30.
View Our Latest Report 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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