Senior Vice President and Chief Human Resources Officer (SVP, CHRO) of Trex Co Inc (NYSE:TREX), Jacob T. Rudolph, has sold a total of 16,440 shares of the company's common stock, garnering over $1.49 million. The transactions occurred on May 15, with the weighted average selling price reported at $90.9046 per share. These shares were sold in multiple transactions at prices that ranged from $90.70 to $91.15.
Following the sale, Rudolph's remaining stake in the company consists of 25,746 shares of Trex Co Inc's common stock, indicating continued investment in the company's future. The sale was executed with a clear indication of direct ownership, as noted in the SEC filing.
Trex Co Inc, known for its high-performance composite decking and railing products, is a leader in the lumber and wood products industry. The company, headquartered in Winchester, Virginia, operates under the ticker symbol TREX on the New York Stock Exchange.
The transaction was signed off by Amy M. Fernandez, under power of attorney, and the filing was made public on May 17. This sale represents a significant change in Rudolph's holdings and is a notable event for investors following insider activity within Trex Co Inc.
InvestingPro Insights
Amidst the recent insider selling activity at Trex Co Inc (NYSE:TREX), investors might be keen to understand the company's financial health and market performance. InvestingPro data provides a snapshot of Trex's current market standing, revealing a market capitalization of $9.54 billion. The company also boasts a robust revenue growth, with the last twelve months as of Q1 2024 showing a 22.3% increase, underlining its strong position in the lumber and wood products industry.
One of the notable "InvestingPro Tips" for Trex is that it has a perfect Piotroski Score of 9, indicating excellent financial health. Additionally, 15 analysts have revised their earnings upwards for the upcoming period, reflecting a positive outlook on the company's profitability. While Trex operates with a moderate level of debt, it is trading at a high earnings multiple, which suggests that investors may be expecting high future growth. The company's stock price movements have been quite volatile, but it has seen a high return over the last year, with a 55.23% one-year price total return. These insights suggest that while the insider sale is noteworthy, the company's fundamentals remain strong.
Investors interested in a deeper analysis of Trex Co Inc's financials and market performance can find additional "InvestingPro Tips" on InvestingPro's dedicated page for Trex at https://www.investing.com/pro/TREX. There are numerous other tips available, and users can utilize the coupon code PRONEWS24 to get an additional 10% off a yearly or biyearly Pro and Pro+ subscription, offering even more value as you navigate your investment decisions.
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