Trex Company, Inc. (NYSE:TREX) Given Consensus Rating of “Hold” by Brokerages

Shares of Trex Company, Inc. (NYSE:TREX) have been given an average recommendation of “Hold” by the sixteen brokerages that are presently covering the firm, Marketbeat reports. One research analyst has rated the stock with a sell rating, nine have given a hold rating and six have given a buy rating to the company. The average twelve-month target price among brokers that have issued a report on the stock in the last year is $79.81.

TREX has been the topic of a number of research reports. Citigroup dropped their target price on shares of Trex from $84.00 to $78.00 and set a “neutral” rating on the stock in a research report on Monday, January 6th. Barclays cut 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. StockNews.com downgraded Trex from a “hold” rating to a “sell” rating in a research report on Tuesday, October 29th. BMO Capital Markets upped their price target on Trex from $67.00 to $72.00 and gave the company a “market perform” rating in a report on Tuesday, October 29th. Finally, Robert W. Baird lifted their price objective on Trex from $70.00 to $78.00 and gave the stock a “neutral” rating in a report on Tuesday, October 29th.

Hedge Funds Weigh In On Trex

Institutional investors have recently bought and sold shares of the business. Wilmington Savings Fund Society FSB acquired a new stake in shares of Trex in the third quarter valued at $30,000. Mather Group LLC. grew its holdings in Trex by 73.5% during the 4th quarter. Mather Group LLC. now owns 451 shares of the construction company’s stock worth $31,000 after acquiring an additional 191 shares during the last quarter. Avior Wealth Management LLC increased its position in Trex by 1,212.8% in the 4th quarter. Avior Wealth Management LLC now owns 512 shares of the construction company’s stock valued at $35,000 after acquiring an additional 473 shares in the last quarter. Eagle Bay Advisors LLC bought a new position in shares of Trex in the fourth quarter worth about $41,000. Finally, Quarry LP raised its stake in shares of Trex by 576.4% in the second quarter. Quarry LP now owns 602 shares of the construction company’s stock worth $45,000 after acquiring an additional 513 shares during the last quarter. Institutional investors own 95.96% of the company’s stock.

Trex Stock Performance

Shares of NYSE:TREX opened at $72.71 on Thursday. The stock’s 50-day moving average is $72.50 and its 200-day moving average is $70.07. The company has a market cap of $7.79 billion, a P/E ratio of 33.20, a P/E/G ratio of 3.06 and a beta of 1.50. Trex has a 52-week low of $58.68 and a 52-week high of $101.91.

Trex (NYSE:TREX) last released its earnings results on Monday, October 28th. The construction company reported $0.37 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.32 by $0.05. Trex had a return on equity of 28.89% and a net margin of 20.23%. The firm had revenue of $233.72 million for the quarter, compared to analyst estimates of $225.42 million. During the same quarter last year, the firm posted $0.57 EPS. The company’s revenue was down 23.1% on a year-over-year basis. As a group, equities analysts predict that Trex will post 2.05 EPS for the current 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.