Trex Company, Inc. (TREX) Shares Sold by SG Americas Securities LLC
SG Americas Securities LLC lessened its holdings in shares of Trex Company, Inc. (NYSE:TREX) by 3.3% in the second quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 3,670 shares of the construction company’s stock after selling 127 shares during the quarter. SG Americas Securities LLC’s holdings in Trex were worth $248,000 as of its most recent filing with the SEC.
Other institutional investors and hedge funds have also bought and sold shares of the company. PNC Financial Services Group Inc. increased its position in Trex by 2.8% during the 1st quarter. PNC Financial Services Group Inc. now owns 2,050 shares of the construction company’s stock worth $142,000 after purchasing an additional 56 shares in the last quarter. Ameritas Investment Partners Inc. acquired a new stake in Trex during the 1st quarter worth approximately $177,000. LS Investment Advisors LLC increased its position in Trex by 153.6% during the 1st quarter. LS Investment Advisors LLC now owns 2,949 shares of the construction company’s stock worth $205,000 after purchasing an additional 1,786 shares in the last quarter. Koch Industries Inc. acquired a new stake in Trex during the 1st quarter worth approximately $267,000. Finally, Nisa Investment Advisors LLC increased its position in Trex by 39.0% during the 1st quarter. Nisa Investment Advisors LLC now owns 4,170 shares of the construction company’s stock worth $289,000 after purchasing an additional 1,170 shares in the last quarter. 92.17% of the stock is owned by hedge funds and other institutional investors.
In other Trex news, CFO Bryan Horix Fairbanks sold 2,000 shares of Trex stock in a transaction that occurred on Wednesday, August 2nd. The stock was sold at an average price of $75.43, for a total value of $150,860.00. Following the transaction, the chief financial officer now directly owns 18,167 shares of the company’s stock, valued at approximately $1,370,336.81. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, VP Christopher Paul Gerhard sold 3,920 shares of Trex stock in a transaction that occurred on Monday, August 7th. The stock was sold at an average price of $79.69, for a total value of $312,384.80. Following the completion of the transaction, the vice president now directly owns 26,560 shares in the company, valued at $2,116,566.40. The disclosure for this sale can be found here. Insiders sold a total of 14,680 shares of company stock worth $1,145,196 over the last three months. 0.95% of the stock is owned by company insiders.
Shares of Trex Company, Inc. (NYSE TREX) opened at 81.01 on Monday. The firm has a market cap of $2.38 billion, a P/E ratio of 31.06 and a beta of 2.32. The firm has a 50-day moving average of $76.66 and a 200 day moving average of $70.67. Trex Company, Inc. has a 12 month low of $50.81 and a 12 month high of $84.28.
Trex (NYSE:TREX) last issued its quarterly earnings data on Monday, July 31st. The construction company reported $0.97 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.88 by $0.09. Trex had a return on equity of 56.76% and a net margin of 15.12%. The business had revenue of $158.00 million for the quarter, compared to the consensus estimate of $160.40 million. During the same period last year, the business earned $0.79 EPS. The firm’s revenue was up 7.9% compared to the same quarter last year. On average, equities research analysts anticipate that Trex Company, Inc. will post $2.99 EPS for the current fiscal year.
Several analysts have issued reports on the stock. Stifel Nicolaus reaffirmed a “hold” rating and issued a $75.00 price objective on shares of Trex in a research report on Thursday, August 3rd. BidaskClub raised shares of Trex from a “buy” rating to a “strong-buy” rating in a research report on Friday, September 1st. Zacks Investment Research raised shares of Trex from a “hold” rating to a “buy” rating and set a $73.00 price objective for the company in a research report on Friday, June 9th. Finally, Sidoti assumed coverage on shares of Trex in a research report on Thursday, June 15th. They issued a “buy” rating for the company. Three equities research analysts have rated the stock with a hold rating, two have given a buy rating and two have issued a strong buy rating to the company. The stock presently has a consensus rating of “Buy” and a consensus target price of $75.20.
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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