Trex Company, Inc. (NYSE:TREX) Receives $79.94 Consensus Target Price from Analysts

Trex Company, Inc. (NYSE:TREX) has been given an average rating of “Hold” by the seventeen analysts that are presently covering the firm, Marketbeat Ratings reports. One research analyst has rated the stock with a sell recommendation, ten have given a hold recommendation and six have given a buy recommendation to the company. The average 12 month target price among brokers that have issued a report on the stock in the last year is $79.94.

Several equities analysts recently commented on the company. Robert W. Baird increased their target price on Trex from $70.00 to $78.00 and gave the company a “neutral” rating in a report on Tuesday, October 29th. Loop Capital lowered Trex from a “buy” rating to a “hold” rating and dropped their target price for the company from $95.00 to $75.00 in a report on Wednesday, August 7th. Benchmark dropped their target price on Trex from $105.00 to $80.00 and set a “buy” rating on the stock in a report on Thursday, August 8th. DA Davidson increased their target price on Trex from $70.00 to $74.00 and gave the company a “neutral” rating in a report on Tuesday, October 29th. Finally, B. Riley dropped their target price on Trex from $107.00 to $97.00 and set a “buy” rating on the stock in a report on Wednesday, August 7th.

Trex Trading Up 2.7 %

Shares of NYSE TREX opened at $72.24 on Friday. The stock has a market cap of $7.74 billion, a P/E ratio of 32.99, a PEG ratio of 3.20 and a beta of 1.49. Trex has a 12-month low of $58.68 and a 12-month high of $101.91. The business’s fifty day simple moving average is $67.81 and its 200-day simple moving average is $73.59.

Trex (NYSE:TREX) last announced its quarterly earnings data on Monday, October 28th. The construction company reported $0.37 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.32 by $0.05. The business had revenue of $233.72 million for the quarter, compared to analysts’ expectations of $225.42 million. Trex had a return on equity of 28.89% and a net margin of 20.23%. The company’s revenue for the quarter was down 23.1% compared to the same quarter last year. During the same period last year, the firm earned $0.57 earnings per share. On average, equities analysts forecast that Trex will post 2.05 EPS for the current fiscal year.

Hedge Funds Weigh In On Trex

A number of hedge funds and other institutional investors have recently made changes to their positions in TREX. Avantax Advisory Services Inc. grew its holdings in shares of Trex by 4.6% during the first quarter. Avantax Advisory Services Inc. now owns 3,950 shares of the construction company’s stock worth $394,000 after buying an additional 173 shares during the last quarter. State Board of Administration of Florida Retirement System grew its holdings in shares of Trex by 4.8% during the first quarter. State Board of Administration of Florida Retirement System now owns 121,361 shares of the construction company’s stock worth $12,106,000 after buying an additional 5,568 shares during the last quarter. M&G Plc acquired a new stake in Trex in the first quarter valued at about $1,196,000. Jupiter Asset Management Ltd. acquired a new stake in Trex in the first quarter valued at about $10,519,000. Finally, Nicolet Advisory Services LLC lifted its position in Trex by 30.3% in the first quarter. Nicolet Advisory Services LLC now owns 5,482 shares of the construction company’s stock valued at $526,000 after purchasing an additional 1,275 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.