Somewhat Positive Media Coverage Somewhat Unlikely to Impact Trex (TREX) Stock Price

News articles about Trex (NYSE:TREX) have trended somewhat positive recently, Accern Sentiment reports. Accern identifies positive and negative press coverage by analyzing more than twenty million news and blog sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Trex earned a news impact score of 0.19 on Accern’s scale. Accern also gave news headlines about the construction company an impact score of 46.3788980743263 out of 100, indicating that recent press coverage is somewhat unlikely to have an impact on the stock’s share price in the next several days.

These are some of the news headlines that may have impacted Accern Sentiment’s analysis:

Shares of Trex (NYSE TREX) opened at $110.10 on Friday. Trex has a one year low of $61.57 and a one year high of $120.40. The stock has a market capitalization of $3,240.00, a P/E ratio of 35.75 and a beta of 2.43.

Trex (NYSE:TREX) last announced its quarterly earnings data 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. Trex had a return on equity of 51.30% and a net margin of 16.61%. The firm had revenue of $140.19 million for the quarter, compared to analysts’ expectations of $125.30 million. During the same quarter in the prior year, the firm posted $0.26 earnings per share. Trex’s revenue for the quarter was up 32.0% compared to the same quarter last year. research analysts forecast that Trex will post 3.14 earnings per share for the current fiscal year.

Several research analysts recently commented on TREX shares. Stifel Nicolaus cut their price target on Trex from $100.00 to $89.00 and set a “hold” rating on the stock in a research note on Friday, December 8th. Zacks Investment Research cut Trex from a “buy” rating to a “hold” rating in a research note on Saturday, November 11th. B. Riley reiterated a “hold” rating and issued a $96.00 price target on shares of Trex in a research note on Wednesday, November 8th. SunTrust Banks reiterated a “hold” rating and issued a $95.00 price target on shares of Trex in a research note on Wednesday, November 1st. Finally, FBR & Co boosted their price target on Trex from $80.00 to $96.00 and gave the stock a “neutral” rating in a research note on Tuesday, October 31st. Five research analysts have rated the stock with a hold rating, three have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Trex currently has a consensus rating of “Buy” and an average price target of $99.00.

In other news, Director Jay M. Gratz sold 1,058 shares of the company’s stock in a transaction that occurred on Tuesday, January 16th. The stock was sold at an average price of $116.95, for a total transaction of $123,733.10. Following the completion of the transaction, the director now directly owns 8,801 shares of the company’s stock, valued at $1,029,276.95. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, VP Jay T. Scripter sold 1,116 shares of the company’s stock in a transaction that occurred on Wednesday, November 1st. The shares were sold at an average price of $108.59, for a total value of $121,186.44. Following the transaction, the vice president now directly owns 14,212 shares of the company’s stock, valued at $1,543,281.08. The disclosure for this sale can be found here. Insiders have sold 8,072 shares of company stock worth $888,262 in the last 90 days. 0.95% of the stock is currently owned by insiders.

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About Trex

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.

Insider Buying and Selling by Quarter for Trex (NYSE:TREX)

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