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

Trex Company, Inc. (NYSE:TREX - Get Free Report) SVP Amy M. Fernandez sold 2,366 shares of the 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 completion of the transaction, the senior vice president now directly owns 24,569 shares of the company's stock, valued at approximately $1,502,885.73. This represents a 8.78% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.

Trex Stock Performance

TREX stock traded down $0.19 during trading on Thursday, reaching $60.18. 114,120 shares of the company were exchanged, compared to its average volume of 1,342,468. The company has a market cap of $6.45 billion, a P/E ratio of 27.48, a PEG ratio of 2.51 and a beta of 1.62. Trex Company, Inc. has a 52-week low of $49.01 and a 52-week high of $92.02. The stock's 50 day moving average price is $57.19 and its 200 day moving average price is $65.71.

Trex (NYSE:TREX - Get Free Report) last released its quarterly earnings data on Thursday, May 8th. The construction company reported $0.60 EPS for the quarter, topping analysts' consensus estimates of $0.58 by $0.02. The firm had revenue of $339.99 million for 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%. The firm's revenue was down 9.0% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.82 earnings per share. As a group, equities research analysts forecast that Trex Company, Inc. will post 2.04 EPS for the current year.

Analysts Set New Price Targets

Several brokerages have issued reports on TREX. Bank of America dropped their target price on Trex from $85.00 to $79.00 and set a "buy" rating for the company in a report on Tuesday, February 25th. Jefferies Financial Group lowered their price target on Trex from $81.00 to $71.00 and set a "hold" rating for the company in a report on Tuesday, February 25th. Citigroup lowered their price target on Trex from $78.00 to $60.00 and set a "neutral" rating for the company in a report on Friday, April 11th. Benchmark reissued a "buy" rating and set a $80.00 target price on shares of Trex in a research note on Monday. Finally, BMO Capital Markets raised Trex from a "market perform" rating to an "outperform" rating and set a $72.00 target price on the stock in a research note on Thursday, April 17th. Two research 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. According to MarketBeat, Trex currently has a consensus rating of "Hold" and a consensus target price of $76.65.

Institutional Trading of Trex

Institutional investors have recently added to or reduced their stakes in the stock. Wilmington Savings Fund Society FSB purchased a new stake in shares of Trex in the third quarter valued at about $30,000. Mather Group LLC. lifted its stake in shares of Trex by 73.5% during the fourth 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 raised 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 period. Huntington National Bank raised 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 period. Finally, Eagle Bay Advisors LLC purchased a new position in Trex during the fourth quarter worth approximately $41,000. 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.