Analysts Set Trex Company, Inc. (NYSE:TREX) Price Target at $49.30

Shares of Trex Company, Inc. (NYSE:TREXGet Free Report) have been assigned an average recommendation of “Hold” from the twenty-two research firms that are presently covering the company, Marketbeat reports. Two research analysts have rated the stock with a sell rating, nine have given a hold rating, ten have assigned a buy rating and one has given a strong buy rating to the company. The average 12-month price target among brokerages that have covered the stock in the last year is $49.30.

A number of brokerages have recently commented on TREX. Barclays reissued an “underweight” rating and issued a $42.00 price target (up from $36.00) on shares of Trex in a research report on Tuesday, July 14th. Stifel Nicolaus set a $49.00 price objective on Trex and gave the company a “hold” rating in a research report on Tuesday, August 11th. Zelman & Associates upgraded Trex from a “neutral” rating to an “outperform” rating and set a $50.00 price objective for the company in a research note on Monday, May 18th. Zacks Research raised Trex from a “hold” rating to a “strong-buy” rating in a report on Wednesday, July 15th. Finally, Bank of America increased their target price on Trex from $42.00 to $44.00 and gave the stock an “underperform” rating in a research note on Tuesday, July 14th.

Check Out Our Latest Report on TREX

Insider Transactions at Trex

In other Trex news, SVP Amy M. Fernandez sold 1,050 shares of Trex stock in a transaction on Friday, August 7th. The stock was sold at an average price of $50.07, for a total value of $52,573.50. Following the completion of the sale, the senior vice president owned 67,794 shares of the company’s stock, valued at approximately $3,394,445.58. This trade represents a 1.53% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, SVP Jacob T. Rudolph sold 1,400 shares of Trex stock in a transaction dated Thursday, June 25th. The stock was sold at an average price of $50.00, for a total value of $70,000.00. Following the completion of the sale, the senior vice president owned 36,631 shares of the company’s stock, valued at $1,831,550. The trade was a 3.68% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders own 0.93% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of the company. Clearstead Trust LLC bought a new stake in Trex during the fourth quarter valued at about $33,000. Ascentis Independent Advisors purchased a new stake in shares of Trex during the first quarter worth about $44,000. Eurizon Capital SGR S.p.A. purchased a new stake in shares of Trex during the fourth quarter worth about $47,000. Empowered Funds LLC bought a new stake in Trex during the 4th quarter valued at approximately $50,000. Finally, Versant Capital Management Inc bought a new stake in Trex during the 2nd quarter valued at approximately $58,000. Institutional investors own 95.96% of the company’s stock.

Trex Price Performance

Shares of Trex stock opened at $45.84 on Friday. Trex has a 1 year low of $29.77 and a 1 year high of $66.06. The firm has a market cap of $4.76 billion, a price-to-earnings ratio of 27.29, a PEG ratio of 3.16 and a beta of 1.48. The company has a 50-day moving average of $46.72 and a 200 day moving average of $42.48.

Trex (NYSE:TREXGet Free Report) last posted its quarterly earnings data on Tuesday, August 4th. The construction company reported $0.62 EPS for the quarter, missing the consensus estimate of $0.63 by ($0.01). Trex had a return on equity of 18.03% and a net margin of 14.68%.The business had revenue of $418.02 million for the quarter, compared to the consensus estimate of $415.71 million. During the same period in the previous year, the firm earned $0.71 EPS. The company’s revenue was up 7.8% on a year-over-year basis. On average, equities analysts anticipate that Trex will post 1.76 EPS for the current year.

About Trex

(Get Free Report)

Trex Company, Inc is a leading manufacturer of wood-alternative decking and railing systems designed for residential and commercial outdoor living environments. The company’s core offerings feature composite decking products made from a proprietary blend of recycled wood fibers and plastic film, which deliver enhanced durability, resistance to rot and insect damage, and low maintenance compared to traditional wood. Trex also provides matching railing, lighting, fencing and cladding solutions that allow customers to create cohesive, high-performance outdoor spaces.

Trex’s product portfolio is organized into multiple performance tiers, including premium, mid-range and value-oriented lines.

Featured Articles

Analyst Recommendations for Trex (NYSE:TREX)

Receive News & Ratings for Trex Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Trex and related companies with MarketBeat.com's FREE daily email newsletter.