Trex Company, Inc. (NYSE:TREX) Receives Average Recommendation of “Hold” from Brokerages

Shares of Trex Company, Inc. (NYSE:TREX) have received a consensus rating of “Hold” from the sixteen brokerages that are covering the company, Marketbeat reports. One research analyst has rated the stock with a sell rating, nine have issued a hold rating and six have issued a buy rating on the company. The average 12-month price target among brokers that have covered the stock in the last year is $79.81.

TREX has been the subject of several recent analyst reports. Robert W. Baird boosted their price objective on shares of Trex from $70.00 to $78.00 and gave the company a “neutral” rating in a research note on Tuesday, October 29th. DA Davidson upped their price target on shares of Trex from $70.00 to $74.00 and gave the stock a “neutral” rating in a report on Tuesday, October 29th. Jefferies Financial Group dropped their price objective on Trex from $77.00 to $73.00 and set a “hold” rating for the company 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. Finally, Citigroup dropped their price target on Trex from $84.00 to $78.00 and set a “neutral” rating for the company in a research report on Monday.

Trex Trading Down 1.1 %

Trex stock opened at $65.92 on Friday. The firm has a 50 day simple moving average of $72.50 and a 200 day simple moving average of $70.41. Trex has a 1-year low of $58.68 and a 1-year high of $101.91. The firm has a market capitalization of $7.06 billion, a price-to-earnings ratio of 30.10, a P/E/G ratio of 3.50 and a beta of 1.50.

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

Institutional Investors Weigh In On Trex

A number of hedge funds and other institutional investors have recently modified their holdings of TREX. Wilmington Savings Fund Society FSB purchased a new position in Trex in the 3rd quarter worth approximately $30,000. UMB Bank n.a. grew its holdings in shares of Trex by 150.8% in the third quarter. UMB Bank n.a. now owns 652 shares of the construction company’s stock worth $43,000 after purchasing an additional 392 shares during the last quarter. Ashton Thomas Private Wealth LLC purchased a new position in shares of Trex in the second quarter worth $44,000. Quarry LP raised its holdings in 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 during the last quarter. Finally, GAMMA Investing LLC boosted its position in Trex by 274.9% during the 4th quarter. GAMMA Investing LLC now owns 701 shares of the construction company’s stock valued at $48,000 after buying an additional 514 shares during the period. 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.