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

Trex Company, Inc. (NYSE:TREX) has earned an average recommendation of “Hold” from the twenty-three research firms that are covering the firm, MarketBeat Ratings reports. Four analysts have rated the stock with a sell recommendation, nine have issued a hold recommendation and ten have assigned a buy recommendation to the company. The average twelve-month target price among brokerages that have issued ratings on the stock in the last year is $47.25.

Several equities research analysts have weighed in on TREX shares. Wall Street Zen cut shares of Trex from a “hold” rating to a “sell” rating in a research report on Saturday, January 10th. Stifel Nicolaus reiterated a “hold” rating and set a $35.00 target price (down from $61.00) on shares of Trex in a report on Monday, November 10th. Wolfe Research raised Trex from a “peer perform” rating to an “outperform” rating and set a $47.00 target price on the stock in a research note on Wednesday, January 7th. Zelman & Associates lowered Trex from an “outperform” rating to a “neutral” rating in a research report on Wednesday, November 5th. Finally, William Blair cut Trex from an “outperform” rating to a “market perform” rating in a report on Wednesday, November 5th.

Trex Price Performance

Shares of TREX stock opened at $43.89 on Thursday. The business has a 50-day moving average of $36.04 and a 200 day moving average of $49.29. Trex has a 1-year low of $29.77 and a 1-year high of $75.55. The stock has a market capitalization of $4.71 billion, a PE ratio of 23.85 and a beta of 1.55.

Trex (NYSE:TREX) last announced its quarterly earnings data on Tuesday, November 4th. The construction company reported $0.51 earnings per share for the quarter, missing the consensus estimate of $0.57 by ($0.06). The company had revenue of $285.35 million during the quarter, compared to the consensus estimate of $301.74 million. Trex had a net margin of 16.76% and a return on equity of 21.90%. The business’s revenue for the quarter was up 22.1% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.37 EPS. Analysts anticipate that Trex will post 2.04 EPS for the current year.

Insider Buying and Selling

In related news, CFO Prithvi Gandhi purchased 15,000 shares of the business’s stock in a transaction that occurred on Friday, November 14th. The shares were acquired at an average price of $31.92 per share, for a total transaction of $478,800.00. Following the completion of the acquisition, the chief financial officer directly owned 30,664 shares in the company, valued at approximately $978,794.88. The trade was a 95.76% increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 0.71% of the stock is owned by insiders.

Institutional Investors Weigh In On Trex

Large investors have recently modified their holdings of the stock. Armstrong Advisory Group Inc. purchased a new position in shares of Trex during the second quarter valued at about $31,000. Steigerwald Gordon & Koch Inc. bought a new position in shares of Trex in the 3rd quarter worth approximately $31,000. Parallel Advisors LLC lifted its stake in shares of Trex by 28.4% in the 2nd quarter. Parallel Advisors LLC now owns 1,049 shares of the construction company’s stock valued at $57,000 after purchasing an additional 232 shares during the period. Caitong International Asset Management Co. Ltd bought a new stake in shares of Trex during the second quarter valued at approximately $60,000. Finally, CWM LLC grew its stake in Trex by 16.8% in the second quarter. CWM LLC now owns 1,141 shares of the construction company’s stock worth $62,000 after purchasing an additional 164 shares during the period. Institutional investors own 95.96% of the company’s stock.

Trex Company Profile

Trex Company, Inc is a leading manufacturer of wood-alternative decking and railing systems designed for residential and commercial outdoor living environments. The company’s core offerings feature composite decking products made from a proprietary blend of recycled wood fibers and plastic film, which deliver enhanced durability, resistance to rot and insect damage, and low maintenance compared to traditional wood. Trex also provides matching railing, lighting, fencing and cladding solutions that allow customers to create cohesive, high-performance outdoor spaces.

Trex’s product portfolio is organized into multiple performance tiers, including premium, mid-range and value-oriented lines.