DA Davidson Reiterates Neutral Rating for Trex (NYSE:TREX)

Trex (NYSE:TREX)‘s stock had its “neutral” rating reaffirmed by investment analysts at DA Davidson in a research note issued to investors on Tuesday,Benzinga reports. They currently have a $74.00 target price on the construction company’s stock. DA Davidson’s price objective would suggest a potential upside of 20.25% from the company’s previous close. DA Davidson also issued estimates for Trex’s Q1 2025 earnings at $0.54 EPS and FY2026 earnings at $2.52 EPS.

Several other equities research analysts also recently issued reports on TREX. StockNews.com downgraded Trex from a “hold” rating to a “sell” rating in a research report on Tuesday, October 29th. Bank of America dropped their target price on Trex from $85.00 to $79.00 and set a “buy” rating on the stock in a research report on Tuesday. Robert W. Baird increased their target price on Trex from $70.00 to $78.00 and gave the stock a “neutral” rating in a research report on Tuesday, October 29th. BMO Capital Markets increased their price objective on Trex from $67.00 to $72.00 and gave the stock a “market perform” rating in a research report on Tuesday, October 29th. Finally, UBS Group lowered their price objective on Trex from $76.00 to $74.00 and set a “neutral” rating on the stock in a research report on Tuesday. One equities research analyst has rated the stock with a sell rating, ten have assigned a hold rating and six have issued a buy rating to the company. According to data from MarketBeat, the stock has an average rating of “Hold” and an average price target of $78.38.

Trex Trading Down 1.4 %

Shares of NYSE TREX opened at $61.54 on Tuesday. The stock has a fifty day simple moving average of $69.34 and a two-hundred day simple moving average of $68.69. Trex has a 1-year low of $58.68 and a 1-year high of $101.91. The firm has a market cap of $6.59 billion, a price-to-earnings ratio of 28.10, a price-to-earnings-growth ratio of 2.51 and a beta of 1.51.

Trex (NYSE:TREX) last posted its earnings results on Monday, February 24th. The construction company reported $0.09 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.04 by $0.05. The firm had revenue of $167.63 million for the quarter, compared to the consensus estimate of $160.54 million. Trex had a return on equity of 28.89% and a net margin of 20.23%. Analysts forecast that Trex will post 2.04 EPS for the current year.

Institutional Investors Weigh In On Trex

A number of large investors have recently added to or reduced their stakes in the company. Xponance Inc. raised its position in Trex by 0.7% during the fourth quarter. Xponance Inc. now owns 21,605 shares of the construction company’s stock valued at $1,491,000 after purchasing an additional 143 shares in the last quarter. Principal Securities Inc. raised its position in Trex by 5.0% during the fourth quarter. Principal Securities Inc. now owns 3,082 shares of the construction company’s stock valued at $213,000 after purchasing an additional 147 shares in the last quarter. Pacer Advisors Inc. raised its position in Trex by 0.9% during the fourth quarter. Pacer Advisors Inc. now owns 15,970 shares of the construction company’s stock valued at $1,102,000 after purchasing an additional 148 shares in the last quarter. Harrington Investments INC grew its stake in shares of Trex by 1.8% during the fourth quarter. Harrington Investments INC now owns 9,106 shares of the construction company’s stock valued at $629,000 after buying an additional 159 shares during the last quarter. Finally, Bessemer Group Inc. grew its stake in shares of Trex by 9.1% during the fourth quarter. Bessemer Group Inc. now owns 2,034 shares of the construction company’s stock valued at $140,000 after buying an additional 170 shares during the last quarter. Hedge funds and other institutional investors own 95.96% of the company’s stock.

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.