Headlines about Trex (NYSE:TREX) have trended somewhat positive this week, according to Accern. The research firm ranks the sentiment of press coverage by monitoring more than twenty million blog and news sources in real time. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Trex earned a media sentiment score of 0.18 on Accern’s scale. Accern also assigned news stories about the construction company an impact score of 47.0747005380962 out of 100, meaning that recent press coverage is somewhat unlikely to have an effect on the company’s share price in the immediate future.
TREX stock opened at $107.83 on Wednesday. Trex has a fifty-two week low of $61.57 and a fifty-two week high of $120.40. The stock has a market capitalization of $3,153.27, a P/E ratio of 33.49 and a beta of 2.30.
Trex (NYSE:TREX) last issued its quarterly earnings data on Wednesday, February 21st. The construction company reported $0.56 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.54 by $0.02. Trex had a return on equity of 46.94% and a net margin of 16.83%. The business had revenue of $122.21 million during the quarter, compared to analyst estimates of $118.48 million. During the same period in the prior year, the company posted $0.43 EPS. The business’s revenue for the quarter was up 28.2% compared to the same quarter last year. sell-side analysts anticipate that Trex will post 4.2 EPS for the current year.
Trex declared that its Board of Directors has initiated a share repurchase program on Wednesday, February 21st that allows the company to repurchase 2,900,000 shares. This repurchase authorization allows the construction company to repurchase shares of its stock through open market purchases. Shares repurchase programs are generally a sign that the company’s board of directors believes its stock is undervalued.
Several equities analysts have recently commented on TREX shares. B. Riley raised Trex from a “neutral” rating to a “buy” rating and upped their target price for the company from $96.00 to $125.00 in a report on Wednesday, January 3rd. Zacks Investment Research raised Trex from a “hold” rating to a “buy” rating and set a $125.00 target price for the company in a report on Thursday, January 11th. Finally, Stifel Nicolaus reaffirmed a “hold” rating and set a $110.00 target price (up from $100.00) on shares of Trex in a report on Thursday, February 22nd. Five equities research analysts have rated the stock with a hold rating, three have assigned a buy rating and one has issued a strong buy rating to the stock. The company presently has a consensus rating of “Buy” and an average price target of $102.00.
In related news, Director Jay M. Gratz sold 2,322 shares of the stock in a transaction that occurred on Tuesday, February 20th. The stock was sold at an average price of $111.79, for a total value of $259,576.38. Following the completion of the transaction, the director now directly owns 7,643 shares of the company’s stock, valued at approximately $854,410.97. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, VP Christopher Paul Gerhard sold 3,500 shares of the stock in a transaction that occurred on Wednesday, March 7th. The stock was sold at an average price of $107.48, for a total value of $376,180.00. Following the completion of the transaction, the vice president now directly owns 15,350 shares of the company’s stock, valued at $1,649,818. The disclosure for this sale can be found here. Insiders sold a total of 39,355 shares of company stock valued at $4,219,463 over the last three months. Corporate insiders own 0.95% of the company’s stock.
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Trex Company, Inc is a manufacturer of wood-alternative decking and railing products. The Company’s products are marketed under the brand name Trex and are manufactured in the United States. It offers a set of outdoor living products in the decking, railing, porch, fencing, trim, steel deck framing and outdoor lighting categories.
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