Trex Company Inc (NYSE:TREX) Insider James E. Cline Sells 11,144 Shares

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Trex Company Inc (NYSE:TREX) insider James E. Cline sold 11,144 shares of the stock in a transaction on Tuesday, July 30th. The stock was sold at an average price of $82.36, for a total transaction of $917,819.84. Following the sale, the insider now directly owns 89,408 shares in the company, valued at $7,363,642.88. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website.

Shares of TREX opened at $83.86 on Friday. The firm has a 50-day moving average price of $74.42 and a 200 day moving average price of $70.64. The firm has a market capitalization of $4.78 billion, a PE ratio of 35.69, a P/E/G ratio of 3.44 and a beta of 2.12. The company has a quick ratio of 2.99, a current ratio of 3.51 and a debt-to-equity ratio of 0.09. Trex Company Inc has a 52-week low of $50.88 and a 52-week high of $90.74.

Trex (NYSE:TREX) last announced its earnings results on Monday, July 29th. The construction company reported $0.64 earnings per share (EPS) for the quarter, meeting the Zacks’ consensus estimate of $0.64. Trex had a net margin of 17.61% and a return on equity of 35.94%. The firm had revenue of $206.45 million during the quarter, compared to analyst estimates of $201.70 million. During the same quarter in the prior year, the firm posted $0.73 EPS. Trex’s revenue was down .1% compared to the same quarter last year. On average, equities analysts expect that Trex Company Inc will post 2.38 EPS for the current year.

Several large investors have recently bought and sold shares of the company. Price T Rowe Associates Inc. MD boosted its position in shares of Trex by 0.4% during the 2nd quarter. Price T Rowe Associates Inc. MD now owns 34,133 shares of the construction company’s stock valued at $2,447,000 after purchasing an additional 136 shares in the last quarter. FMR LLC boosted its position in shares of Trex by 27.9% during the 4th quarter. FMR LLC now owns 632 shares of the construction company’s stock valued at $38,000 after purchasing an additional 138 shares in the last quarter. Curbstone Financial Management Corp boosted its position in shares of Trex by 1.0% during the 1st quarter. Curbstone Financial Management Corp now owns 15,440 shares of the construction company’s stock valued at $950,000 after purchasing an additional 150 shares in the last quarter. Harrington Investments INC boosted its position in shares of Trex by 3.5% during the 1st quarter. Harrington Investments INC now owns 4,575 shares of the construction company’s stock valued at $281,000 after purchasing an additional 155 shares in the last quarter. Finally, ETF Managers Group LLC boosted its position in shares of Trex by 6.0% during the 2nd quarter. ETF Managers Group LLC now owns 2,790 shares of the construction company’s stock valued at $194,000 after purchasing an additional 159 shares in the last quarter. Institutional investors own 94.42% of the company’s stock.

Several research firms have recently commented on TREX. Stephens set a $90.00 price target on shares of Trex and gave the stock a “hold” rating in a research report on Wednesday, July 31st. B. Riley lowered shares of Trex from a “buy” rating to a “neutral” rating and lowered their price target for the stock from $80.00 to $72.00 in a research report on Tuesday, April 30th. Zacks Investment Research lowered shares of Trex from a “buy” rating to a “hold” rating in a research report on Saturday, July 27th. DA Davidson upped their price target on shares of Trex to $87.00 and gave the stock a “buy” rating in a research report on Tuesday, July 30th. Finally, SunTrust Banks increased their target price on shares of Trex to $70.00 and gave the company a “hold” rating in a research report on Tuesday, July 30th. Seven research analysts have rated the stock with a hold rating and three have given a buy rating to the company. The stock currently has an average rating of “Hold” and a consensus target price of $77.78.

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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