Trex co inc SVP acquires stock valued at $2,821

Rudolph Jacob T., the Senior Vice President and Chief Human Resources Officer at Trex Co Inc (NYSE:TREX), a $7.7 billion market cap company, recently acquired shares of the company’s common stock. According to InvestingPro data, the company maintains a GOOD financial health score, with strong profitability metrics including a 42.5% gross margin. According to the latest SEC filing, Rudolph purchased 49 shares on January 27, 2025, at a price of $57.58 per share, amounting to a total transaction value of $2,821. This acquisition was made through the Trex Company, Inc. Amended and Restated 1999 Employee Stock Purchase Plan, as noted in the filing. Following this transaction, Rudolph’s direct ownership in Trex Co Inc stands at 24,510 shares. For deeper insights into insider trading patterns and comprehensive financial analysis, including 10+ additional ProTips, check out the full company report on InvestingPro.

In other recent news, analysts from Benchmark have named HLMN as their top pick for fiscal year 2025, citing a favorable investment environment in the housing sector. The firm also highlighted the resilience of leading companies in the sector, such as Installed Building Products (NYSE:IBP), which recently acquired Capital Insulation, LLC and CBS & Mirror, LLC. These acquisitions are expected to add over $12 million to IBP’s annual revenue. In the third quarter of 2024, IBP reported a record net revenue of $761 million, marking an 8% increase from the previous year. However, Seaport Global Securities has downgraded IBP’s stock from Buy to Neutral, anticipating a slowdown in housing starts.

In other recent news, Trex Company has appointed Dr. Anand Kangala as Vice President and Chief Information Officer. This appointment aligns with Trex’s focus on enhancing manufacturing and business processes through digital solutions. Additionally, Trex has entered into a distribution partnership with Boise Cascade (NYSE:BCC) to distribute its composite decking and deck railing products across the United States. Despite a 23% decrease in Q3 net sales to $234 million, Trex’s year-to-date net sales have seen a rise of 9% to $984 million. The company remains committed to shareholder returns, having repurchased 1.6 million shares. These are the most recent developments for Trex Company.

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