Trex Company Inc (NYSE:TREX)’s share price hit a new 52-week high on Wednesday . The company traded as high as $101.04 and last traded at $100.93, with a volume of 3845 shares traded. The stock had previously closed at $98.96.

Several equities analysts recently weighed in on TREX shares. B. Riley lifted their price target on Trex from $72.00 to $93.00 and gave the company a “neutral” rating in a research note on Tuesday, October 29th. SunTrust Banks boosted their price target on shares of Trex from $70.00 to $90.00 and gave the stock a “hold” rating in a report on Thursday, October 3rd. They noted that the move was a valuation call. ValuEngine cut shares of Trex from a “sell” rating to a “strong sell” rating in a research report on Wednesday, October 2nd. Deutsche Bank assumed coverage on shares of Trex in a report on Wednesday, November 27th. They set a “hold” rating on the stock. Finally, BNP Paribas started coverage on shares of Trex in a research note on Wednesday, October 9th. They set an “underperform” rating for the company. Three analysts have rated the stock with a sell rating, five have given a hold rating and five have given a buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus target price of $92.22.

The stock’s 50-day moving average price is $90.87 and its 200 day moving average price is $85.73. The firm has a market capitalization of $5.71 billion, a price-to-earnings ratio of 43.51, a PEG ratio of 3.33 and a beta of 1.89. The company has a quick ratio of 3.02, a current ratio of 3.52 and a debt-to-equity ratio of 0.08.

Trex (NYSE:TREX) last posted its quarterly earnings results on Monday, October 28th. The construction company reported $0.72 earnings per share for the quarter, topping analysts’ consensus estimates of $0.68 by $0.04. Trex had a net margin of 18.65% and a return on equity of 35.80%. The firm had revenue of $195.00 million for the quarter, compared to analyst estimates of $208.12 million. During the same period in the previous year, the business posted $0.57 earnings per share. Trex’s quarterly revenue was up 17.2% on a year-over-year basis. On average, sell-side analysts anticipate that Trex Company Inc will post 2.4 earnings per share for the current year.

In related news, insider Adam Dante Zambanini sold 4,344 shares of the stock in a transaction that occurred on Thursday, October 31st. The stock was sold at an average price of $84.20, for a total value of $365,764.80. Following the completion of the transaction, the insider now directly owns 88,229 shares in the company, valued at $7,428,881.80. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Jay M. Gratz sold 2,792 shares of the stock in a transaction dated Thursday, October 31st. The stock was sold at an average price of $83.46, for a total transaction of $233,020.32. Following the sale, the director now directly owns 15,651 shares in the company, valued at approximately $1,306,232.46. The disclosure for this sale can be found here. Insiders have sold 18,571 shares of company stock worth $1,558,410 in the last three months. 0.93% of the stock is currently owned by corporate insiders.

Several hedge funds have recently added to or reduced their stakes in the stock. Bamco Inc. NY raised its stake in Trex by 38.5% in the second quarter. Bamco Inc. NY now owns 2,733,942 shares of the construction company’s stock valued at $196,024,000 after buying an additional 760,669 shares in the last quarter. Victory Capital Management Inc. boosted its holdings in shares of Trex by 252.2% in the second quarter. Victory Capital Management Inc. now owns 793,919 shares of the construction company’s stock valued at $56,925,000 after acquiring an additional 568,530 shares during the period. Macquarie Group Ltd. boosted its stake in Trex by 94.1% during the 2nd quarter. Macquarie Group Ltd. now owns 921,042 shares of the construction company’s stock worth $66,039,000 after purchasing an additional 446,444 shares during the period. Nuveen Asset Management LLC boosted its stake in shares of Trex by 1,377.5% during the second quarter. Nuveen Asset Management LLC now owns 342,288 shares of the construction company’s stock worth $24,543,000 after buying an additional 319,122 shares during the period. Finally, Intrinsic Edge Capital Management LLC acquired a new stake in shares of Trex during the second quarter worth about $22,514,000.

About Trex (NYSE:TREX)

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.

Read More: What is a back-end load?

Receive News & Ratings for Trex Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Trex and related companies with MarketBeat.com's FREE daily email newsletter.