Trex Company, Inc. (NYSE:TREX) Receives $47.88 Average PT from Analysts
by Scott Moore · The Cerbat GemShares of Trex Company, Inc. (NYSE:TREX – Get Free Report) have earned an average rating of “Hold” from the twenty-three research firms that are presently covering the stock, Marketbeat reports. Three investment analysts have rated the stock with a sell rating, ten have assigned a hold rating and ten have given a buy rating to the company. The average 1 year price target among brokerages that have updated their coverage on the stock in the last year is $47.8750.
A number of equities analysts have recently issued reports on the stock. UBS Group raised their target price on shares of Trex from $52.00 to $58.00 and gave the stock a “buy” rating in a research report on Wednesday, February 25th. Benchmark lowered shares of Trex from a “buy” rating to a “hold” rating in a research report on Wednesday, February 11th. Robert W. Baird set a $48.00 target price on shares of Trex in a research report on Monday, January 12th. Bank of America lowered their target price on shares of Trex from $43.00 to $42.00 and set an “underperform” rating on the stock in a research report on Monday, April 20th. Finally, Zacks Research upgraded shares of Trex from a “strong sell” rating to a “hold” rating in a research report on Tuesday, February 3rd.
Check Out Our Latest Stock Analysis on TREX
Trex Stock Up 1.4%
Shares of Trex stock opened at $42.48 on Friday. The firm has a market capitalization of $4.41 billion, a P/E ratio of 24.00, a P/E/G ratio of 9.60 and a beta of 1.61. Trex has a 52 week low of $29.77 and a 52 week high of $68.78. The firm’s 50 day moving average is $39.11 and its two-hundred day moving average is $39.60.
Trex (NYSE:TREX – Get Free Report) last announced its quarterly earnings results on Tuesday, February 24th. The construction company reported $0.04 EPS for the quarter, beating the consensus estimate of ($0.01) by $0.05. The company had revenue of $161.13 million for the quarter, compared to analyst estimates of $144.39 million. Trex had a net margin of 16.22% and a return on equity of 20.29%. The firm’s revenue was down 3.9% on a year-over-year basis. During the same period in the prior year, the firm posted $0.09 earnings per share. As a group, research analysts expect that Trex will post 1.63 earnings per share for the current fiscal year.
Hedge Funds Weigh In On Trex
A number of hedge funds have recently modified their holdings of TREX. AQR Capital Management LLC grew its holdings in Trex by 3.2% in the 1st quarter. AQR Capital Management LLC now owns 5,642 shares of the construction company’s stock valued at $320,000 after buying an additional 177 shares during the period. Benjamin Edwards Inc. grew its holdings in Trex by 1.9% in the 2nd quarter. Benjamin Edwards Inc. now owns 11,240 shares of the construction company’s stock valued at $611,000 after buying an additional 214 shares during the period. Park Avenue Securities LLC grew its holdings in Trex by 3.0% in the 3rd quarter. Park Avenue Securities LLC now owns 8,692 shares of the construction company’s stock valued at $449,000 after buying an additional 253 shares during the period. Pinnacle Associates Ltd. grew its holdings in Trex by 0.7% in the 4th quarter. Pinnacle Associates Ltd. now owns 40,285 shares of the construction company’s stock valued at $1,413,000 after buying an additional 285 shares during the period. Finally, Hsbc Holdings PLC grew its holdings in Trex by 6.3% in the 2nd quarter. Hsbc Holdings PLC now owns 5,403 shares of the construction company’s stock valued at $294,000 after buying an additional 322 shares during the period. 95.96% of the stock is currently owned by hedge funds and other institutional investors.
Trex Company Profile
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.