Trex Company, Inc. (NYSE:TREX) Receives Average Recommendation of “Hold” from Brokerages

Shares of Trex Company, Inc. (NYSE:TREX) have received a consensus rating of “Hold” from the sixteen analysts that are covering the company, Marketbeat reports. One research analyst has rated the stock with a sell rating, nine have assigned a hold rating and six have issued a buy rating on the company. The average 12-month target price among analysts that have issued a report on the stock in the last year is $79.94.

Several equities research analysts have recently weighed in on the company. StockNews.com cut Trex from a “hold” rating to a “sell” rating in a research note on Tuesday, October 29th. Barclays lowered their price target on shares of Trex from $68.00 to $67.00 and set an “underweight” rating for the company in a report on Tuesday, October 29th. Jefferies Financial Group dropped their price target on shares of Trex from $77.00 to $73.00 and set a “hold” rating on the stock in a research report on Wednesday, October 9th. BMO Capital Markets lifted their target price on shares of Trex from $67.00 to $72.00 and gave the stock a “market perform” rating in a research note on Tuesday, October 29th. Finally, Robert W. Baird upped their price target on shares of Trex from $70.00 to $78.00 and gave the company a “neutral” rating in a research report on Tuesday, October 29th.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of TREX. Wilmington Savings Fund Society FSB bought a new stake in shares of Trex during the third quarter worth about $30,000. UMB Bank n.a. increased its holdings in Trex by 150.8% during the 3rd quarter. UMB Bank n.a. now owns 652 shares of the construction company’s stock worth $43,000 after purchasing an additional 392 shares in the last quarter. Ashton Thomas Private Wealth LLC purchased a new stake in shares of Trex in the second quarter worth approximately $44,000. Quarry LP lifted its holdings in shares of Trex by 576.4% in the second quarter. Quarry LP now owns 602 shares of the construction company’s stock valued at $45,000 after purchasing an additional 513 shares in the last quarter. Finally, GAMMA Investing LLC boosted its position in shares of Trex by 274.9% during the fourth quarter. GAMMA Investing LLC now owns 701 shares of the construction company’s stock valued at $48,000 after buying an additional 514 shares during the last quarter. Institutional investors and hedge funds own 95.96% of the company’s stock.

Trex Price Performance

Shares of NYSE TREX opened at $69.43 on Friday. Trex has a 1 year low of $58.68 and a 1 year high of $101.91. The firm has a market cap of $7.44 billion, a PE ratio of 31.70, a price-to-earnings-growth ratio of 3.50 and a beta of 1.49. The company has a 50 day simple moving average of $72.60 and a 200 day simple moving average of $70.71.

Trex (NYSE:TREX) last issued its quarterly earnings results 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 company had revenue of $233.72 million for the quarter, compared to analyst estimates of $225.42 million. Trex had a net margin of 20.23% and a return on equity of 28.89%. Trex’s revenue was down 23.1% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.57 earnings per share. As a group, research analysts anticipate that Trex will post 2.05 earnings per share for the current fiscal year.

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.