Trex Company, Inc. (NYSE:TREX – Get Free Report) has earned a consensus rating of “Moderate Buy” from the nineteen brokerages that are presently covering the firm, Marketbeat Ratings reports. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and twelve have issued a buy rating on the company. The average 12-month target price among analysts that have updated their coverage on the stock in the last year is $55.18.
TREX has been the subject of several research reports. Stephens increased their price objective on shares of Trex from $45.00 to $50.00 and gave the company an “equal weight” rating in a report on Tuesday, July 28th. Melius Research began coverage on Trex in a report on Tuesday, October 6th. They issued a “buy” rating and a $62.00 target price on the stock. DA Davidson downgraded Trex from a “buy” rating to a “neutral” rating and set a $55.00 target price on the stock. in a research report on Tuesday. Bank of America raised Trex from an “underperform” rating to a “buy” rating and increased their price target for the company from $46.00 to $65.00 in a research note on Thursday, November 5th. Finally, Citigroup increased their price target on Trex from $52.00 to $59.00 and gave the company a “neutral” rating in a research note on Thursday, November 5th.
Read Our Latest Analysis on Trex
Trex Price Performance
Shares of TREX opened at $52.74 on Wednesday. Trex has a 1 year low of $29.77 and a 1 year high of $60.21. The company has a 50 day simple moving average of $47.33 and a two-hundred day simple moving average of $43.73. The firm has a market cap of $5.27 billion, a P/E ratio of 29.34, a price-to-earnings-growth ratio of 2.82 and a beta of 1.46.
Trex (NYSE:TREX – Get Free Report) last released its earnings results on Wednesday, November 4th. The construction company reported $0.55 EPS for the quarter, topping the consensus estimate of $0.48 by $0.07. Trex had a net margin of 13.89% and a return on equity of 18.27%. The firm had revenue of $359.50 million for the quarter, compared to the consensus estimate of $314.86 million. During the same quarter in the previous year, the firm earned $0.51 earnings per share. The company’s quarterly revenue was up 26.0% compared to the same quarter last year. On average, sell-side analysts anticipate that Trex will post 1.86 earnings per share for the current year.
Insider Transactions at Trex
In other news, SVP Amy M. Fernandez sold 1,231 shares of the stock in a transaction that occurred on Thursday, November 5th. The stock was sold at an average price of $57.87, for a total transaction of $71,237.97. Following the completion of the transaction, the senior vice president directly owned 66,563 shares in the company, valued at approximately $3,852,000.81. This represents a 1.82% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, SVP Jacob T. Rudolph sold 1,969 shares of the firm’s stock in a transaction on Monday, November 9th. The shares were sold at an average price of $59.07, for a total transaction of $116,308.83. Following the completion of the transaction, the senior vice president directly owned 37,462 shares of the company’s stock, valued at approximately $2,212,880.34. This trade represents a 4.99% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 3,700 shares of company stock valued at $215,467 in the last ninety days. Corporate insiders own 0.93% of the company’s stock.
Institutional Investors Weigh In On Trex
A number of hedge funds have recently bought and sold shares of the business. Healthcare of Ontario Pension Plan Trust Fund grew its stake in shares of Trex by 3.1% in the 3rd quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 97,900 shares of the construction company’s stock worth $4,265,000 after buying an additional 2,900 shares in the last quarter. Gabelli Funds LLC increased its holdings in shares of Trex by 57.4% in the 3rd quarter. Gabelli Funds LLC now owns 201,200 shares of the construction company’s stock worth $8,764,000 after buying an additional 73,336 shares during the last quarter. Gamco Investors INC. ET AL increased its holdings in shares of Trex by 5.0% in the 3rd quarter. Gamco Investors INC. ET AL now owns 200,945 shares of the construction company’s stock worth $8,753,000 after buying an additional 9,532 shares during the last quarter. Resona Asset Management Co. Ltd. increased its holdings in shares of Trex by 9.8% in the 3rd quarter. Resona Asset Management Co. Ltd. now owns 2,122 shares of the construction company’s stock worth $93,000 after buying an additional 190 shares during the last quarter. Finally, Private Wealth Asset Management LLC bought a new stake in shares of Trex in the 3rd quarter worth about $343,000. Hedge funds and other institutional investors own 95.96% of the company’s stock.
Trex Company Profile
Trex Company, Inc. manufactures wood-alternative decking, railing and other outdoor-living products. Its composite decking is made primarily from reclaimed wood and recycled plastic, offering an alternative to traditional wood materials. The company’s products include composite deck boards and railing systems, along with accessories such as outdoor lighting and drainage products. Trex sells through a network of distributors, dealers and retailers, serving customers primarily in North America as well as international markets.
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