Trex Company, Inc. (NYSE:TREX) Director Frank H. Merlotti, Jr. sold 2,158 shares of the company’s stock in a transaction that occurred on Wednesday, November 15th. The stock was sold at an average price of $105.51, for a total value of $227,690.58. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website.
Shares of Trex Company, Inc. (NYSE:TREX) traded up $0.36 on Friday, hitting $108.01. The company had a trading volume of 173,776 shares, compared to its average volume of 267,288. Trex Company, Inc. has a 52-week low of $61.57 and a 52-week high of $112.39. The stock has a market capitalization of $3,190.00, a PE ratio of 35.08 and a beta of 2.41.
Trex (NYSE:TREX) last issued its earnings results on Monday, October 30th. The construction company reported $0.68 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.55 by $0.13. The company had revenue of $140.19 million during the quarter, compared to analysts’ expectations of $125.30 million. Trex had a return on equity of 51.30% and a net margin of 16.61%. The firm’s quarterly revenue was up 32.0% on a year-over-year basis. During the same period in the prior year, the business earned $0.26 EPS. equities analysts predict that Trex Company, Inc. will post 3.11 EPS for the current fiscal year.
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Several analysts recently commented on TREX shares. Griffin Securities cut Trex from a “buy” rating to a “neutral” rating in a research report on Tuesday, August 1st. FBR & Co boosted their price target on Trex from $69.00 to $80.00 and gave the stock a “mkt perform” rating in a research report on Tuesday, August 1st. Zacks Investment Research cut Trex from a “buy” rating to a “hold” rating in a research report on Saturday, November 11th. B. Riley reiterated a “hold” rating and set a $96.00 price target on shares of Trex in a research report on Wednesday, November 8th. Finally, BidaskClub cut Trex from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, August 22nd. Eight equities research analysts have rated the stock with a hold rating, one has assigned a buy rating and one has issued a strong buy rating to the company. The company currently has an average rating of “Hold” and a consensus price target of $90.00.
A number of large investors have recently modified their holdings of the business. California Public Employees Retirement System grew its holdings in Trex by 4.1% in the 3rd quarter. California Public Employees Retirement System now owns 125,798 shares of the construction company’s stock valued at $11,331,000 after buying an additional 4,998 shares in the last quarter. Bamco Inc. NY grew its holdings in Trex by 4.4% in the 3rd quarter. Bamco Inc. NY now owns 1,185,205 shares of the construction company’s stock valued at $106,751,000 after buying an additional 49,870 shares in the last quarter. Ladenburg Thalmann Financial Services Inc. grew its holdings in Trex by 27.7% in the 3rd quarter. Ladenburg Thalmann Financial Services Inc. now owns 2,546 shares of the construction company’s stock valued at $228,000 after buying an additional 553 shares in the last quarter. U S Global Investors Inc. purchased a new stake in Trex in the 3rd quarter valued at $1,441,000. Finally, Oppenheimer Asset Management Inc. grew its holdings in Trex by 9.1% in the 3rd quarter. Oppenheimer Asset Management Inc. now owns 7,418 shares of the construction company’s stock valued at $668,000 after buying an additional 620 shares in the last quarter. Institutional investors own 92.13% of the company’s stock.
Trex Company Profile
Trex Company, Inc is a manufacturer of wood-alternative decking and railing products. The Company’s products are marketed under the brand name Trex and are manufactured in the United States. It offers a set of outdoor living products in the decking, railing, porch, fencing, trim, steel deck framing and outdoor lighting categories.
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