Benchmark Issues Pessimistic Forecast for Trex (NYSE:TREX) Stock Price

Trex (NYSE:TREX) had its target price dropped by investment analysts at Benchmark from $80.00 to $40.00 in a research report issued on Wednesday, Marketbeat.com reports. The firm currently has a “buy” rating on the construction company’s stock. Benchmark’s price objective indicates a potential upside of 25.59% from the company’s previous close.

A number of other brokerages have also recently commented on TREX. Wall Street Zen upgraded Trex from a “sell” rating to a “hold” rating in a research note on Saturday, August 9th. Zelman & Associates dropped their target price on Trex from $74.00 to $66.00 and set an “outperform” rating for the company in a research report on Friday, October 17th. Stifel Nicolaus set a $61.00 price target on Trex and gave the stock a “buy” rating in a report on Wednesday, October 8th. DA Davidson set a $60.00 price objective on Trex and gave the company a “neutral” rating in a research note on Thursday, October 9th. Finally, Baird R W upgraded shares of Trex from a “hold” rating to a “strong-buy” rating in a research report on Thursday, July 10th. One investment analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating, twelve have assigned a Hold rating and three have assigned a Sell rating to the company’s stock. According to MarketBeat, Trex has an average rating of “Hold” and a consensus price target of $53.89.

Trex Trading Down 1.8%

Shares of NYSE TREX opened at $31.85 on Wednesday. The company has a market cap of $3.42 billion, a price-to-earnings ratio of 18.41, a PEG ratio of 2.02 and a beta of 1.49. Trex has a 12 month low of $31.21 and a 12 month high of $80.74. The stock has a 50-day moving average price of $52.92 and a two-hundred day moving average price of $57.33.

Trex (NYSE:TREX) last announced its quarterly earnings results on Tuesday, November 4th. The construction company reported $0.51 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.57 by ($0.06). The company had revenue of $285.35 million for the quarter, compared to the consensus estimate of $301.74 million. Trex had a net margin of 16.53% and a return on equity of 21.27%. The company’s revenue for the quarter was up 22.1% compared to the same quarter last year. During the same period last year, the firm posted $0.37 earnings per share. Trex has set its FY 2025 guidance at EPS. Q4 2025 guidance at EPS. On average, sell-side analysts predict that Trex will post 2.04 earnings per share for the current year.

Institutional Trading of Trex

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Armstrong Advisory Group Inc. bought a new position in Trex during the 2nd quarter worth approximately $31,000. Steigerwald Gordon & Koch Inc. acquired a new stake in shares of Trex during the third quarter worth $31,000. Parallel Advisors LLC raised its stake in Trex by 28.4% during the second quarter. Parallel Advisors LLC now owns 1,049 shares of the construction company’s stock worth $57,000 after buying an additional 232 shares during the last quarter. Caitong International Asset Management Co. Ltd acquired a new position in Trex in the second quarter valued at $60,000. Finally, Brooklyn Investment Group boosted its position in Trex by 35,733.3% during the first quarter. Brooklyn Investment Group now owns 1,075 shares of the construction company’s stock valued at $62,000 after acquiring an additional 1,072 shares during the last quarter. Institutional investors and hedge funds 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.