William Blair Analysts Lift Earnings Estimates for Trex

Trex Company, Inc. (NYSE:TREXFree Report) – Research analysts at William Blair increased their Q4 2024 earnings per share estimates for shares of Trex in a research report issued on Thursday, January 23rd. William Blair analyst R. Merkel now anticipates that the construction company will post earnings per share of $0.06 for the quarter, up from their prior estimate of $0.04. The consensus estimate for Trex’s current full-year earnings is $2.05 per share. William Blair also issued estimates for Trex’s Q1 2025 earnings at $0.64 EPS and Q4 2025 earnings at $0.26 EPS.

Trex (NYSE:TREXGet Free Report) last issued its earnings results on Monday, October 28th. The construction company reported $0.37 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.32 by $0.05. Trex had a return on equity of 28.89% and a net margin of 20.23%. The company had revenue of $233.72 million during the quarter, compared to analysts’ expectations of $225.42 million. During the same period in the prior year, the business earned $0.57 EPS. The firm’s quarterly revenue was down 23.1% on a year-over-year basis.

Several other equities analysts have also commented on TREX. StockNews.com lowered Trex from a “hold” rating to a “sell” rating in a research note on Tuesday, October 29th. Robert W. Baird upped their target price 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. DA Davidson lifted their price target on shares of Trex from $70.00 to $74.00 and gave the company a “neutral” rating in a research report on Tuesday, October 29th. Citigroup decreased their price objective on shares of Trex from $84.00 to $78.00 and set a “neutral” rating on the stock in a report on Monday, January 6th. Finally, Barclays lowered their price objective on shares of Trex from $68.00 to $67.00 and set an “underweight” rating for the company in a research report on Tuesday, October 29th. Two analysts have rated the stock with a sell rating, nine have assigned a hold rating and six have issued a buy rating to the stock. According to MarketBeat.com, Trex currently has a consensus rating of “Hold” and an average price target of $79.81.

View Our Latest Analysis on Trex

Trex Trading Down 0.9 %

Shares of TREX stock opened at $73.77 on Monday. Trex has a twelve month low of $58.68 and a twelve month high of $101.91. The stock has a market cap of $7.90 billion, a price-to-earnings ratio of 33.69, a PEG ratio of 3.06 and a beta of 1.50. The company’s 50-day moving average price is $72.20 and its 200-day moving average price is $70.14.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in the company. Wilmington Savings Fund Society FSB acquired a new stake in shares of Trex in the 3rd quarter valued at $30,000. Avior Wealth Management LLC increased its holdings in Trex by 1,212.8% in the fourth quarter. Avior Wealth Management LLC now owns 512 shares of the construction company’s stock valued at $35,000 after buying an additional 473 shares during the last quarter. Eagle Bay Advisors LLC acquired a new stake in Trex in the fourth quarter valued at $41,000. UMB Bank n.a. lifted 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 buying an additional 392 shares during the last quarter. Finally, Quarry LP boosted its position in shares of 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 in the last quarter. Hedge funds and other institutional investors own 95.96% of the company’s stock.

Trex Company Profile

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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.

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