Trex (NYSE:TREX) SVP Amy Fernandez Sells 1,050 Shares of Stock

Key Points

• Insider sale: Trex SVP Amy Fernandez sold 1,050 shares for approximately $52,574, reducing her holdings by 1.53% to 67,794 shares.
• Quarterly results: Trex reported $0.62 in earnings per share, slightly below the $0.63 consensus, while revenue rose 7.8% year over year to $418.02 million, exceeding estimates.
• Market outlook: Trex shares recently traded at $49.73, near the analyst consensus price target of $49.30; the stock carries a consensus “Hold” rating, with 95.96% owned by institutional investors.

Trex Company, Inc. (NYSE:TREX - Get Free Report) SVP Amy Fernandez sold 1,050 shares of the 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 completion of the transaction, the senior vice president owned 67,794 shares in the company, valued at approximately $3,394,445.58. The trade was a 1.53% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link.

Trex Stock Performance

Trex stock traded up $1.56 during mid-day trading on Tuesday, reaching $49.73. The stock had a trading volume of 1,652,126 shares, compared to its average volume of 2,040,740. The firm has a market capitalization of $5.17 billion, a PE ratio of 29.60, a price-to-earnings-growth ratio of 3.40 and a beta of 1.48. Trex Company, Inc. has a fifty-two week low of $29.77 and a fifty-two week high of $66.06. The stock's 50-day simple moving average is $45.64 and its 200-day simple moving average is $41.96.

Trex (NYSE:TREX - Get Free Report) last issued its earnings results on Tuesday, August 4th. The construction company reported $0.62 earnings per share 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 firm had revenue of $418.02 million for the quarter, compared to analyst estimates of $415.71 million. During the same period in the previous year, the company earned $0.71 earnings per share. Trex's revenue for the quarter was up 7.8% compared to the same quarter last year. On average, research analysts forecast that Trex Company, Inc. will post 1.76 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

TREX has been the topic of a number of recent research reports. Deutsche Bank Aktiengesellschaft reaffirmed a "hold" rating and issued a $51.00 price objective (up from $41.00) on shares of Trex in a research note on Tuesday, July 14th. Truist Financial upped their target price on shares of Trex from $55.00 to $60.00 and gave the stock a "buy" rating in a report on Tuesday, July 14th. Wall Street Zen raised shares of Trex from a "sell" rating to a "hold" rating in a research report on Sunday, July 12th. UBS Group reiterated a "buy" rating and set a $61.00 price target (up from $59.00) on shares of Trex in a research note on Tuesday, July 14th. Finally, BMO Capital Markets set a $57.00 price objective on Trex in a report on Wednesday, August 5th. One analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating, nine have given a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus target price of $49.30.

Hedge Funds Weigh In On Trex

A number of hedge funds have recently bought and sold shares of TREX. V Square Quantitative Management LLC purchased a new stake in shares of Trex in the fourth quarter valued at about $27,000. Clearstead Trust LLC bought a new stake in Trex in the 4th quarter worth about $33,000. Versant Capital Management Inc bought a new stake in Trex in the 2nd quarter worth about $58,000. Ascentis Independent Advisors bought a new position in shares of Trex in the first quarter valued at approximately $44,000. Finally, Eurizon Capital SGR S.p.A. purchased a new stake in shares of Trex during the 4th quarter valued at $47,000. 95.96% of the stock is owned by hedge funds and other institutional investors.

About Trex

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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