Trex Co Inc (TREX) Files Form 4 Insider Selling : William R. Gupp Sells 11,648 Shares

Trex Co Inc (TREX): William R. Gupp , Sr VP,Gen. Counsel & Secretary of Trex Co Inc sold 11,648 shares on Apr 14, 2016. The Insider selling transaction was reported by the company on Apr 18, 2016 to the Securities and Exchange Commission. The shares were sold at $49.90 per share for a total value of $581,181.12 , the company said in a SEC Form 4 Filing.

Other Insider transactions have been reported by the company according to SEC Form 4, on Apr 18, 2016, William R. Gupp (Sr VP,Gen. Counsel & Secretary) sold 11,648 shares at $49.90 per share price.On Mar 3, 2016, Christopher Paul Gerhard (Vice President, Sales) sold 3,030 shares at $43.80 per share price.Also, On Mar 2, 2016, Patricia B Robinson (director) sold 5,800 shares at $43.18 per share price.On Feb 26, 2016, James E Cline (President and CEO) sold 8,390 shares at $41.75 per share price.

Shares of Trex Company (TREX) ended Friday, Apr 15, 2016 session in red amid volatile trading. The shares closed down -1.39 points or -2.75% at $49.07 with 2,96,584 shares getting traded. Post opening the session at $50.28, the shares hit an intraday low of $48.96 and an intraday high of $50.55 and the price vacillated in this range throughout the day. The company has a market cap of $1,465 M and the number of outstanding shares has been calculated to be 2,98,46,851 shares. The 52-week high of Trex Company is $55.99 and the 52-week low is $31.11.

Trex Company Money Flow Index Chart

Company has been under the radar of several Street Analysts.Trex Company is Reiterated by Wedbush to Outperform and the brokerage firm has raised the Price Target to $ 50 from a previous price target of $45 .The Rating was issued on Apr 4, 2016.Trex Company is Reiterated by FBR Capital to Outperform while Lowering the Price Target of the company shares to $ 50 from a previous price target of $54 . The Rating was issued on Feb 26, 2016.Trex Company is Downgraded by BB&T Capital Mkts to Hold. Earlier the firm had a rating of Buy on the company shares. The Rating was issued on Feb 1, 2016.

Currently the company Insiders own 3.1% of Trex Company shares according to the proxy statements.In the past twelve weeks, the net percent change held by company insiders has changed by -4.19%.During last six month period, the net percent change held by insiders has seen a change of -24.3%.

Trex Company Inc. is a manufacturer of wood-alternative decking and railing products. The Company markets its products under the brand name Trex. The Company offers a range of products in the decking railing porch fencing trim steel deck framing and outdoor lighting categories. The Company’s decking products include Trex Transcend Trex Enhance and Trex Select. The Company’s railing products include Trex Transcend Railing Trex Select Railing and Trex Reveal aluminum railing. The Company offers porch product Trex Transcend Porch Flooring and Railing System. Trex Elevations is the Company’s steel deck framing system. The Company offers fencing product Trex Seclusions. The Company offers outdoor lighting systems Trex DeckLighting and Trex Landscape Lighting. TrexTrim is the Company’s cellular PVC outdoor trim product. The Company offers Trex Hideaway which is a hidden fastening system for specially grooved boards.

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