Trex (TREX) Stock Price Down 5.2%

Trex Company Inc (NYSE:TREX)’s share price fell 5.2% during trading on Wednesday . The stock traded as low as $65.14 and last traded at $65.59. 931,527 shares were traded during mid-day trading, an increase of 65% from the average session volume of 566,265 shares. The stock had previously closed at $69.22.

A number of equities analysts have recently issued reports on the stock. Zacks Investment Research upgraded shares of Trex from a “hold” rating to a “buy” rating and set a $79.00 target price on the stock in a research report on Tuesday, March 12th. ValuEngine upgraded shares of Trex from a “sell” rating to a “hold” rating in a research report on Wednesday, January 2nd. Berenberg Bank reiterated a “buy” rating and issued a $89.00 price objective on shares of Trex in a research report on Wednesday, February 27th. Sidoti lowered shares of Trex from a “buy” rating to a “neutral” rating and set a $80.00 price objective on the stock. in a research report on Wednesday, February 20th. Finally, B. Riley reiterated a “buy” rating and issued a $80.00 price objective (up from $71.00) on shares of Trex in a research report on Friday, February 15th. Five equities research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $74.33.

The firm has a market cap of $4.07 billion, a P/E ratio of 27.91, a price-to-earnings-growth ratio of 3.52 and a beta of 2.00.



Trex (NYSE:TREX) last released its earnings results on Thursday, February 14th. The construction company reported $0.43 EPS for the quarter, beating analysts’ consensus estimates of $0.36 by $0.07. Trex had a return on equity of 45.17% and a net margin of 19.67%. The company had revenue of $140.00 million during the quarter, compared to the consensus estimate of $131.40 million. During the same quarter last year, the company earned $0.56 earnings per share. Trex’s quarterly revenue was up 14.8% compared to the same quarter last year. Sell-side analysts anticipate that Trex Company Inc will post 2.54 EPS for the current year.

In other Trex news, SVP William R. Gupp sold 4,306 shares of the firm’s stock in a transaction on Tuesday, February 19th. The stock was sold at an average price of $76.74, for a total value of $330,442.44. Following the completion of the sale, the senior vice president now owns 68,486 shares of the company’s stock, valued at $5,255,615.64. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, insider James E. Cline sold 13,495 shares of the firm’s stock in a transaction on Tuesday, February 19th. The shares were sold at an average price of $77.95, for a total value of $1,051,935.25. Following the completion of the sale, the insider now directly owns 82,391 shares of the company’s stock, valued at approximately $6,422,378.45. The disclosure for this sale can be found here. 1.17% of the stock is currently owned by company insiders.

A number of institutional investors have recently added to or reduced their stakes in the business. First Hawaiian Bank acquired a new position in shares of Trex during the 4th quarter worth $25,000. Trust Co. of Vermont raised its stake in shares of Trex by 83.1% during the 4th quarter. Trust Co. of Vermont now owns 606 shares of the construction company’s stock worth $36,000 after buying an additional 275 shares during the last quarter. FMR LLC raised its stake in shares of Trex by 27.9% during the 4th quarter. FMR LLC now owns 632 shares of the construction company’s stock worth $38,000 after buying an additional 138 shares during the last quarter. Wealthcare Advisory Partners LLC raised its stake in shares of Trex by 30.8% during the 4th quarter. Wealthcare Advisory Partners LLC now owns 850 shares of the construction company’s stock worth $50,000 after buying an additional 200 shares during the last quarter. Finally, Meeder Asset Management Inc. raised its stake in shares of Trex by 1,283.6% during the 4th quarter. Meeder Asset Management Inc. now owns 927 shares of the construction company’s stock worth $55,000 after buying an additional 860 shares during the last quarter. 93.22% of the stock is owned by institutional investors.

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About Trex (NYSE:TREX)

Trex Company, Inc manufactures and distributes wood/plastic composite products, and related accessories primarily for the residential and commercial decking, and railing applications in the United States. It offers Trex Transcend, Trex Enhance, and Trex Select protective shells for protection against fading, staining, mold, and scratching; and Trex Hideaway, a hidden fastening system for grooved boards.

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