Trex (NYSE:TREX) PT Lowered to $67.00

Trex (NYSE:TREX) had its price objective lowered by BMO Capital Markets from $82.00 to $67.00 in a research note issued on Tuesday, Benzinga reports. The brokerage currently has a “market perform” rating on the construction company’s stock. BMO Capital Markets’ target price suggests a potential upside of 6.59% from the stock’s previous close.

A number of other equities analysts also recently weighed in on TREX. DA Davidson lowered their price target on Trex from $89.00 to $80.00 and set a “neutral” rating on the stock in a research report on Wednesday, July 3rd. Jefferies Financial Group decreased their target price on Trex from $77.00 to $73.00 and set a “hold” rating on the stock in a report on Wednesday, October 9th. StockNews.com raised Trex from a “sell” rating to a “hold” rating in a report on Thursday, September 19th. Truist Financial decreased their price objective on shares of Trex from $120.00 to $100.00 and set a “buy” rating on the stock in a report on Wednesday, August 7th. Finally, Bank of America cut their target price on shares of Trex from $97.00 to $85.00 and set a “buy” rating for the company in a research note on Wednesday, August 7th. One research analyst has rated the stock with a sell rating, eleven have given a hold rating and six have issued a buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and an average price target of $80.38.

Trex Stock Down 0.1 %

NYSE:TREX opened at $62.86 on Tuesday. The firm has a market capitalization of $6.83 billion, a price-to-earnings ratio of 26.98, a price-to-earnings-growth ratio of 2.19 and a beta of 1.50. Trex has a twelve month low of $54.09 and a twelve month high of $101.91. The stock’s 50 day moving average price is $65.15 and its two-hundred day moving average price is $76.48.

Trex (NYSE:TREX) last issued its earnings results on Tuesday, August 6th. The construction company reported $0.80 earnings per share for the quarter, topping analysts’ consensus estimates of $0.78 by $0.02. The business had revenue of $376.47 million for the quarter, compared to the consensus estimate of $387.87 million. Trex had a net margin of 21.07% and a return on equity of 33.53%. During the same period in the previous year, the company earned $0.71 earnings per share. The firm’s revenue for the quarter was up 5.6% on a year-over-year basis. As a group, analysts anticipate that Trex will post 2.04 earnings per share for the current year.

Institutional Investors Weigh In On Trex

A number of large investors have recently bought and sold shares of the company. Mather Group LLC. acquired a new stake in shares of Trex in the 1st quarter valued at $26,000. Hantz Financial Services Inc. acquired a new stake in Trex in the second quarter valued at about $31,000. Sunbelt Securities Inc. grew its position in Trex by 1,744.4% in the first quarter. Sunbelt Securities Inc. now owns 332 shares of the construction company’s stock valued at $33,000 after acquiring an additional 314 shares during the last quarter. UMB Bank n.a. raised its stake in Trex by 150.8% during the third quarter. UMB Bank n.a. now owns 652 shares of the construction company’s stock worth $43,000 after acquiring an additional 392 shares in the last quarter. Finally, Ashton Thomas Private Wealth LLC bought a new position in shares of Trex in the second quarter worth about $44,000. 95.96% of the stock is currently owned by institutional investors and hedge funds.

Trex Company Profile

Trex Company, Inc manufactures and distributes composite decking, railing, and outdoor living products and accessories for residential and commercial markets in the United States. It offers decking products and accessories under the names Trex Transcend, Trex Select, Trex Signature, Trex Transcend Lineage, and Trex Enhance for protection against fading, staining, mold, and scratching; Trex Hideaway, a hidden fastening system; and Trex DeckLighting, a LED dimmable deck lighting for use on posts, floors, and steps.