DA Davidson Weighs in on Trex’s FY2025 Earnings (NYSE:TREX)

Trex Company, Inc. (NYSE:TREX) – Analysts at DA Davidson upped their FY2025 earnings estimates for Trex in a research report issued on Tuesday, October 29th. DA Davidson analyst K. Yinger now anticipates that the construction company will post earnings of $2.21 per share for the year, up from their prior estimate of $2.16. DA Davidson currently has a “Neutral” rating and a $74.00 target price on the stock. The consensus estimate for Trex’s current full-year earnings is $2.04 per share.

Trex (NYSE:TREX) last issued its quarterly earnings data on Monday, October 28th. The construction company reported $0.37 EPS for the quarter, topping analysts’ consensus estimates of $0.32 by $0.05. The firm had revenue of $233.72 million for the quarter, compared to analyst estimates of $225.42 million. Trex had a net margin of 21.07% and a return on equity of 33.53%. The firm’s revenue was down 23.1% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.57 EPS.

A number of other brokerages have also issued reports on TREX. Robert W. Baird upped their target price on Trex from $70.00 to $78.00 and gave the company a “neutral” rating in a research report on Tuesday. Bank of America reduced their price objective on shares of Trex from $97.00 to $85.00 and set a “buy” rating on the stock in a research note on Wednesday, August 7th. Truist Financial dropped their target price on shares of Trex from $120.00 to $100.00 and set a “buy” rating for the company in a research report on Wednesday, August 7th. Benchmark reduced their price target on shares of Trex from $105.00 to $80.00 and set a “buy” rating on the stock in a research report on Thursday, August 8th. Finally, StockNews.com lowered Trex from a “hold” rating to a “sell” rating in a report on Tuesday. Two investment analysts have rated the stock with a sell rating, ten have assigned a hold rating and six have given a buy rating to the stock. Based on data from MarketBeat, Trex has an average rating of “Hold” and a consensus target price of $79.94.

Trex Stock Performance

Shares of TREX opened at $70.85 on Thursday. Trex has a one year low of $55.67 and a one year high of $101.91. The stock has a 50-day moving average price of $65.46 and a 200 day moving average price of $75.54. The company has a market capitalization of $7.70 billion, a P/E ratio of 32.35, a P/E/G ratio of 2.45 and a beta of 1.50.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the company. Hantz Financial Services Inc. bought a new stake in shares of Trex during the second quarter valued at approximately $31,000. UMB Bank n.a. increased its position in Trex by 150.8% in the 3rd quarter. UMB Bank n.a. now owns 652 shares of the construction company’s stock valued at $43,000 after acquiring an additional 392 shares during the period. Ashton Thomas Private Wealth LLC bought a new stake in Trex during the 2nd quarter valued at $44,000. Quarry LP boosted its position in Trex by 576.4% during the 2nd quarter. Quarry LP now owns 602 shares of the construction company’s stock worth $45,000 after acquiring an additional 513 shares during the period. Finally, Mather Group LLC. grew its stake in shares of Trex by 142.3% in the second quarter. Mather Group LLC. now owns 630 shares of the construction company’s stock worth $47,000 after purchasing an additional 370 shares in the last quarter. 95.96% of the stock is owned by institutional investors and hedge funds.

About Trex

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.