Amy M. Fernandez Sells 1,538 Shares of Trex Company, Inc. (NYSE:TREX) Stock

Key Points

• Amy M. Fernandez, Senior Vice President of Trex Company, sold 1,538 shares of the firm's stock at an average price of $64.18, resulting in a total transaction of approximately $98,708.84.
• Following the sale, Fernandez's ownership decreased by 6.28%, leaving her with 22,953 shares valued around $1.47 million.
• The company reported $0.74 EPS for the last quarter, surpassing analysts' estimates, with revenues of $387.80 million, reflecting a 3.0% increase year-over-year.

Trex Company, Inc. (NYSE:TREX - Get Free Report) SVP Amy M. Fernandez sold 1,538 shares of the stock in a transaction on Wednesday, August 6th. The stock was sold at an average price of $64.18, for a total value of $98,708.84. Following the completion of the sale, the senior vice president directly owned 22,953 shares in the company, valued at approximately $1,473,123.54. This represents a 6.28% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link.

Trex Stock Down 2.7%

Shares of Trex stock traded down $1.66 during trading hours on Friday, reaching $59.80. 1,548,672 shares of the stock traded hands, compared to its average volume of 1,557,287. The company has a 50 day moving average price of $59.65 and a 200 day moving average price of $60.35. Trex Company, Inc. has a one year low of $49.01 and a one year high of $80.74. The firm has a market capitalization of $6.41 billion, a price-to-earnings ratio of 34.57, a P/E/G ratio of 2.56 and a beta of 1.51.

Trex (NYSE:TREX - Get Free Report) last posted its quarterly earnings data on Monday, August 4th. The construction company reported $0.74 EPS for the quarter, topping the consensus estimate of $0.72 by $0.02. Trex had a return on equity of 21.27% and a net margin of 16.53%. The firm had revenue of $387.80 million for the quarter, compared to the consensus estimate of $377.49 million. During the same quarter last year, the company earned $0.80 earnings per share. The business's revenue for the quarter was up 3.0% compared to the same quarter last year. Sell-side analysts anticipate that Trex Company, Inc. will post 2.04 earnings per share for the current year.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in the stock. Price T Rowe Associates Inc. MD raised its stake in shares of Trex by 132.8% in the first quarter. Price T Rowe Associates Inc. MD now owns 7,297,863 shares of the construction company's stock worth $424,007,000 after buying an additional 4,163,014 shares during the period. Wasatch Advisors LP grew its position in shares of Trex by 12.8% during the fourth quarter. Wasatch Advisors LP now owns 4,599,521 shares of the construction company's stock worth $317,505,000 after purchasing an additional 523,113 shares in the last quarter. Bamco Inc. NY grew its position in shares of Trex by 6.2% during the fourth quarter. Bamco Inc. NY now owns 2,153,133 shares of the construction company's stock worth $148,631,000 after purchasing an additional 126,441 shares in the last quarter. Balyasny Asset Management L.P. grew its position in shares of Trex by 86.3% during the fourth quarter. Balyasny Asset Management L.P. now owns 2,029,034 shares of the construction company's stock worth $140,064,000 after purchasing an additional 939,960 shares in the last quarter. Finally, Conestoga Capital Advisors LLC grew its position in shares of Trex by 1.8% during the first quarter. Conestoga Capital Advisors LLC now owns 2,002,468 shares of the construction company's stock worth $116,343,000 after purchasing an additional 34,720 shares in the last quarter. Institutional investors own 95.96% of the company's stock.

Wall Street Analyst Weigh In

A number of equities research analysts have recently commented on TREX shares. Baird R W raised Trex from a "hold" rating to a "strong-buy" rating in a research note on Thursday, July 10th. UBS Group reaffirmed a "neutral" rating and set a $74.00 price objective (up from $72.00) on shares of Trex in a research report on Tuesday. Citigroup dropped their price objective on Trex from $78.00 to $60.00 and set a "neutral" rating on the stock in a research report on Friday, April 11th. Stephens dropped their price objective on Trex from $73.00 to $65.00 and set an "equal weight" rating on the stock in a research report on Monday, May 12th. Finally, Robert W. Baird raised Trex from a "neutral" rating to an "outperform" rating and increased their price objective for the company from $65.00 to $75.00 in a research report on Thursday, July 10th. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating, six have issued a buy rating and two have given a strong buy rating to the company's stock. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average target price of $71.93.

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.