William Blair Comments on Trex’s FY2024 Earnings (NYSE:TREX)

Trex Company, Inc. (NYSE:TREX) – Investment analysts at William Blair lifted their FY2024 earnings estimates for Trex in a report issued on Thursday, January 23rd. William Blair analyst R. Merkel now forecasts that the construction company will post earnings of $2.05 per share for the year, up from their previous estimate of $2.04. The consensus estimate for Trex’s current full-year earnings is $2.05 per share. William Blair also issued estimates for Trex’s Q2 2025 earnings at $0.80 EPS, FY2025 earnings at $2.31 EPS and FY2026 earnings at $2.77 EPS.

Trex (NYSE:TREX) last posted its quarterly earnings data on Monday, October 28th. The construction company reported $0.37 earnings per share for the quarter, beating analysts’ consensus estimates of $0.32 by $0.05. Trex had a net margin of 20.23% and a return on equity of 28.89%. The business had revenue of $233.72 million for the quarter, compared to analysts’ expectations of $225.42 million. During the same quarter in the previous year, the business posted $0.57 earnings per share. The business’s revenue was down 23.1% compared to the same quarter last year.

Several other research analysts have also recently issued reports on the company. Jefferies Financial Group dropped their price objective on Trex from $77.00 to $73.00 and set a “hold” rating on the stock in a research note on Wednesday, October 9th. StockNews.com lowered Trex from a “hold” rating to a “sell” rating in a research note on Tuesday, October 29th. 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 note on Tuesday, October 29th. DA Davidson raised their target price 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. Finally, Citigroup lowered their price target on shares of Trex from $84.00 to $78.00 and set a “neutral” rating for the company in a research report on Monday, January 6th. Two research analysts have rated the stock with a sell rating, nine have issued a hold rating and six have given a buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $79.81.

Trex Stock Performance

TREX opened at $73.77 on Friday. The stock’s 50 day moving average price is $72.20 and its 200-day moving average price is $70.19. Trex has a one year low of $58.68 and a one year high of $101.91. The stock has a market cap of $7.90 billion, a price-to-earnings ratio of 33.69, a P/E/G ratio of 3.06 and a beta of 1.50.

Institutional Trading of Trex

Several large investors have recently bought and sold shares of TREX. L & S Advisors Inc acquired a new stake in shares of Trex during the third quarter worth $1,000,000. Algert Global LLC lifted its position in Trex by 81.3% during the 3rd quarter. Algert Global LLC now owns 86,300 shares of the construction company’s stock worth $5,746,000 after acquiring an additional 38,700 shares during the period. Curi RMB Capital LLC lifted its position in Trex by 27.2% during the 3rd quarter. Curi RMB Capital LLC now owns 68,149 shares of the construction company’s stock worth $4,537,000 after acquiring an additional 14,558 shares during the period. Dynamic Technology Lab Private Ltd grew its stake in Trex by 237.6% during the 3rd quarter. Dynamic Technology Lab Private Ltd now owns 53,084 shares of the construction company’s stock valued at $3,534,000 after purchasing an additional 37,362 shares during the last quarter. Finally, Bank of Montreal Can increased its holdings in shares of Trex by 147.5% in the second quarter. Bank of Montreal Can now owns 36,671 shares of the construction company’s stock valued at $2,718,000 after purchasing an additional 21,852 shares during the period. Hedge funds and other institutional investors own 95.96% of the company’s stock.

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.