NJ State Employees Deferred Compensation Plan acquired a new stake in shares of Trex Company Inc (NYSE:TREX) during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 5,000 shares of the construction company’s stock, valued at approximately $359,000.
Other institutional investors also recently modified their holdings of the company. Advisors Preferred LLC bought a new position in Trex during the first quarter valued at approximately $26,000. CENTRAL TRUST Co lifted its position in Trex by 189.7% during the first quarter. CENTRAL TRUST Co now owns 504 shares of the construction company’s stock valued at $31,000 after purchasing an additional 330 shares during the period. FMR LLC lifted its position in Trex by 27.9% during the fourth quarter. FMR LLC now owns 632 shares of the construction company’s stock valued at $38,000 after purchasing an additional 138 shares during the period. Quantamental Technologies LLC bought a new position in Trex during the first quarter valued at approximately $60,000. Finally, Manchester Capital Management LLC bought a new position in Trex during the first quarter valued at approximately $78,000. Institutional investors own 99.03% of the company’s stock.
Shares of NYSE TREX traded down $1.27 during midday trading on Monday, reaching $78.49. The stock had a trading volume of 14,207 shares, compared to its average volume of 898,237. The business’s 50-day simple moving average is $71.21. The company has a debt-to-equity ratio of 0.09, a current ratio of 3.51 and a quick ratio of 2.26. The company has a market cap of $4.66 billion, a P/E ratio of 33.50, a price-to-earnings-growth ratio of 3.35 and a beta of 2.12. Trex Company Inc has a 12-month low of $50.88 and a 12-month high of $90.74.
Trex (NYSE:TREX) last announced its quarterly earnings data on Monday, July 29th. The construction company reported $0.64 earnings per share (EPS) for the quarter, hitting the Zacks’ consensus estimate of $0.64. The firm had revenue of $206.45 million during the quarter, compared to analysts’ expectations of $201.70 million. Trex had a net margin of 17.61% and a return on equity of 35.94%. The company’s revenue for the quarter was down .1% compared to the same quarter last year. During the same period in the prior year, the company posted $0.73 earnings per share. Sell-side analysts predict that Trex Company Inc will post 2.38 earnings per share for the current fiscal year.
In related news, VP Jay T. Scripter sold 23,762 shares of the company’s stock in a transaction on Monday, June 10th. The shares were sold at an average price of $69.19, for a total transaction of $1,644,092.78. Following the completion of the transaction, the vice president now owns 573 shares in the company, valued at $39,645.87. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, VP Jay T. Scripter sold 25,758 shares of the company’s stock in a transaction on Thursday, June 20th. The stock was sold at an average price of $69.15, for a total transaction of $1,781,165.70. Following the transaction, the vice president now owns 573 shares of the company’s stock, valued at approximately $39,622.95. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 74,418 shares of company stock valued at $5,450,317. 0.93% of the stock is owned by company insiders.
TREX has been the topic of a number of research analyst reports. B. Riley downgraded shares of Trex from a “buy” rating to a “neutral” rating and lowered their price objective for the company from $80.00 to $72.00 in a research report on Tuesday, April 30th. Berenberg Bank restated a “buy” rating and set a $80.00 price objective on shares of Trex in a research report on Tuesday, July 30th. Stephens set a $90.00 price objective on shares of Trex and gave the company a “hold” rating in a research report on Wednesday, July 31st. Zacks Investment Research downgraded shares of Trex from a “buy” rating to a “hold” rating in a research report on Saturday, July 27th. Finally, DA Davidson upped their target price on shares of Trex to $87.00 and gave the company a “buy” rating in a report on Tuesday, July 30th. Six equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average price target of $77.33.
Trex Company Profile
Trex Co, Inc engages in the manufacture of wood-alternative decking and railing. Its products include deck framing and drainage, outdoor lighting, furniture, pergola and outdoor kitchens, fencing, collections, and accessory hardware. It operates through the following segments Trex Residential Products and Trex Commercial Products.
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