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

Trex Company, Inc. (NYSE:TREX) – Stock analysts at William Blair increased their FY2024 EPS estimates for Trex in a research report issued on Thursday, January 23rd. William Blair analyst R. Merkel now expects that the construction company will earn $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 earnings results on Monday, October 28th. The construction company reported $0.37 EPS 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 company had revenue of $233.72 million during the quarter, compared to analysts’ expectations of $225.42 million. During the same quarter in the prior year, the company posted $0.57 earnings per share. Trex’s revenue for the quarter was down 23.1% compared to the same quarter last year.

A number of other equities research analysts have also recently commented on TREX. DA Davidson increased their price target on Trex from $70.00 to $74.00 and gave the company a “neutral” rating in a research note on Tuesday, October 29th. Citigroup decreased their price objective 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. Robert W. Baird boosted their target price on shares of 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 raised their price target on shares of Trex from $67.00 to $72.00 and gave the stock a “market perform” rating in a report on Tuesday, October 29th. Finally, StockNews.com lowered shares of Trex from a “hold” rating to a “sell” rating in a 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 data from MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $79.81.

Trex Price Performance

Trex stock opened at $74.51 on Friday. Trex has a 1-year low of $58.68 and a 1-year high of $101.91. The business has a fifty day moving average price of $72.01 and a 200-day moving average price of $70.14. The stock has a market capitalization of $7.98 billion, a price-to-earnings ratio of 34.02, a PEG ratio of 3.06 and a beta of 1.50.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of the company. Wilmington Savings Fund Society FSB purchased a new position in shares of Trex in the 3rd quarter valued at about $30,000. Avior Wealth Management LLC grew 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 purchasing an additional 473 shares during the period. Eagle Bay Advisors LLC purchased a new stake in shares of Trex in the fourth quarter valued at approximately $41,000. UMB Bank n.a. raised its stake in shares of 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 period. Finally, Quarry LP lifted 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 valued at $45,000 after buying an additional 513 shares in the last quarter. Institutional investors and hedge funds 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.