Vertical Research Initiates Coverage on Trex (NYSE:TREX)

Equities researchers at Vertical Research started coverage on shares of Trex (NYSE:TREX) in a report issued on Monday, MarketBeat Ratings reports. The firm set a “buy” rating on the construction company’s stock.

TREX has been the topic of a number of other reports. Robert W. Baird upgraded Trex from a “neutral” rating to an “outperform” rating and lifted their target price for the stock from $65.00 to $75.00 in a report on Thursday, July 10th. JPMorgan Chase & Co. decreased their target price on Trex from $73.00 to $71.00 and set a “neutral” rating on the stock in a report on Wednesday, August 6th. B. Riley upgraded Trex to a “strong-buy” rating in a report on Monday, July 21st. Weiss Ratings reiterated a “hold (c-)” rating on shares of Trex in a report on Wednesday, October 8th. Finally, UBS Group reiterated a “neutral” rating and set a $74.00 price target (up previously from $72.00) on shares of Trex in a report on Tuesday, August 5th. Two analysts have rated the stock with a Strong Buy rating, ten have given a Buy rating, eight have issued a Hold rating and two have given a Sell rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $70.71.

Trex Stock Up 2.0%

Shares of NYSE TREX opened at $51.28 on Monday. The stock has a market capitalization of $5.50 billion, a price-to-earnings ratio of 29.64, a PEG ratio of 2.10 and a beta of 1.49. The stock’s fifty day simple moving average is $57.11 and its 200 day simple moving average is $58.03. Trex has a 52-week low of $49.01 and a 52-week high of $80.74.

Trex (NYSE:TREX) last issued its earnings results on Monday, August 4th. The construction company reported $0.74 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.72 by $0.02. The business had revenue of $387.80 million for the quarter, compared to analysts’ expectations of $377.49 million. Trex had a return on equity of 21.27% and a net margin of 16.53%.The company’s quarterly revenue was up 3.0% on a year-over-year basis. During the same period in the previous year, the firm posted $0.80 EPS. Trex has set its Q3 2025 guidance at EPS. As a group, analysts anticipate that Trex will post 2.04 earnings per share for the current year.

Insider Buying and Selling at Trex

In other news, SVP Amy M. Fernandez sold 1,538 shares of Trex stock in a transaction on Wednesday, August 6th. The stock was sold at an average price of $64.18, for a total transaction of $98,708.84. Following the transaction, the senior vice president owned 22,953 shares in the company, valued at approximately $1,473,123.54. The trade was a 6.28% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Corporate insiders own 0.74% of the company’s stock.

Institutional Trading of Trex

Institutional investors have recently bought and sold shares of the company. Armstrong Advisory Group Inc. acquired a new stake in Trex during the second quarter valued at $31,000. Parallel Advisors LLC boosted its position in Trex by 28.4% during the second quarter. Parallel Advisors LLC now owns 1,049 shares of the construction company’s stock valued at $57,000 after purchasing an additional 232 shares during the last quarter. Caitong International Asset Management Co. Ltd acquired a new stake in Trex during the second quarter valued at $60,000. 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 purchasing an additional 1,072 shares during the last quarter. Finally, CWM LLC boosted its position in Trex by 16.8% during the second quarter. CWM LLC now owns 1,141 shares of the construction company’s stock valued at $62,000 after purchasing an additional 164 shares during the last quarter. Institutional investors and hedge funds own 95.96% of the company’s stock.

About Trex

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.