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

Trex Company, Inc. (NYSE:TREX - Get Free Report) SVP Amy M. Fernandez sold 2,366 shares of the business's stock in a transaction on Monday, May 12th. The shares were sold at an average price of $61.17, for a total value of $144,728.22. Following the transaction, the senior vice president now owns 24,569 shares of the company's stock, valued at approximately $1,502,885.73. The trade was a 8.78% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.

Trex Trading Up 1.3%

TREX stock traded up $0.77 during midday trading on Friday, reaching $60.80. The company had a trading volume of 766,236 shares, compared to its average volume of 1,347,588. The company has a 50 day moving average of $57.44 and a two-hundred day moving average of $65.56. Trex Company, Inc. has a 1 year low of $49.01 and a 1 year high of $88.87. The company has a market capitalization of $6.52 billion, a P/E ratio of 27.76, a PEG ratio of 2.51 and a beta of 1.62.

Trex (NYSE:TREX - Get Free Report) last posted its quarterly earnings data on Thursday, May 8th. The construction company reported $0.60 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.58 by $0.02. The business had revenue of $339.99 million during the quarter, compared to the consensus estimate of $329.11 million. Trex had a net margin of 20.23% and a return on equity of 28.89%. Trex's quarterly 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. On average, sell-side analysts anticipate that Trex Company, Inc. will post 2.04 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of equities research analysts have commented on TREX shares. Barclays decreased their price target on Trex from $67.00 to $54.00 and set an "underweight" rating for the company in a research note on Tuesday, April 8th. Deutsche Bank Aktiengesellschaft initiated coverage on Trex in a research report on Tuesday, April 1st. They set a "buy" rating and a $85.00 price target on the stock. Jefferies Financial Group lowered their target price on shares of Trex from $81.00 to $71.00 and set a "hold" rating on the stock in a research note on Tuesday, February 25th. Citigroup cut their price target on shares of Trex from $78.00 to $60.00 and set a "neutral" rating for the company in a report on Friday, April 11th. Finally, StockNews.com cut Trex from a "hold" rating to a "sell" rating in a research note on Wednesday, March 5th. Two investment 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. Based on data from MarketBeat.com, the stock has a consensus rating of "Hold" and an average target price of $76.65.

Institutional Trading of Trex

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Alliancebernstein L.P. increased its stake in shares of Trex by 54.5% in the 4th quarter. Alliancebernstein L.P. now owns 10,819,326 shares of the construction company's stock valued at $746,858,000 after buying an additional 3,818,025 shares during the period. Price T Rowe Associates Inc. MD grew its stake in shares of Trex by 132.8% during 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 purchasing an additional 4,163,014 shares during the period. Wasatch Advisors LP lifted its stake in Trex by 12.8% in the fourth quarter. Wasatch Advisors LP now owns 4,599,521 shares of the construction company's stock valued at $317,505,000 after buying an additional 523,113 shares during the period. Bamco Inc. NY grew its position in shares of Trex by 6.2% during the 4th quarter. Bamco Inc. NY now owns 2,153,133 shares of the construction company's stock worth $148,631,000 after buying an additional 126,441 shares during the period. Finally, Balyasny Asset Management L.P. raised its position in shares of Trex by 86.3% in the 4th quarter. Balyasny Asset Management L.P. now owns 2,029,034 shares of the construction company's stock valued at $140,064,000 after acquiring an additional 939,960 shares during the period. Institutional investors own 95.96% of the company's stock.

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.