Trex (NYSE:TREX) Announces Quarterly Earnings Results

by · The Markets Daily

Trex (NYSE:TREX – Get Free Report) issued its quarterly earnings results on Tuesday. The construction company reported $0.04 earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.01) by $0.05, FiscalAI reports. Trex had a net margin of 16.76% and a return on equity of 21.90%. The business had revenue of $161.13 million for the quarter, compared to analysts’ expectations of $144.39 million.

Trex Stock Performance

NYSE TREX traded up $1.17 during trading on Tuesday, reaching $41.45. The company’s stock had a trading volume of 3,856,057 shares, compared to its average volume of 2,019,836. The business’s fifty day moving average price is $40.16 and its 200-day moving average price is $45.77. Trex has a twelve month low of $29.77 and a twelve month high of $68.78. The firm has a market cap of $4.44 billion, a price-to-earnings ratio of 22.52 and a beta of 1.58.

Institutional Trading of Trex

Several institutional investors and hedge funds have recently added to or reduced their stakes in TREX. FORA Capital LLC acquired a new stake in shares of Trex during the 4th quarter valued at approximately $266,000. Focus Partners Advisor Solutions LLC purchased a new stake in Trex during the fourth quarter worth $244,000. Banco Bilbao Vizcaya Argentaria S.A. acquired a new stake in Trex in the third quarter valued at $241,000. State of Wyoming raised its stake in shares of Trex by 31.2% during the 2nd quarter. State of Wyoming now owns 4,416 shares of the construction company’s stock worth $240,000 after buying an additional 1,051 shares during the last quarter. Finally, Empowered Funds LLC acquired a new position in Trex during the fourth quarter worth about $233,000. 95.96% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several equities analysts have commented on TREX shares. Truist Financial decreased their price target on shares of Trex from $75.00 to $50.00 and set a “buy” rating for the company in a research report on Wednesday, November 5th. BMO Capital Markets reiterated an “outperform” rating and issued a $54.00 price objective on shares of Trex in a research note on Thursday, January 8th. Barclays set a $32.00 price target on shares of Trex in a research note on Monday, December 8th. Stifel Nicolaus set a $37.50 price objective on shares of Trex and gave the stock a “hold” rating in a research report on Monday. Finally, William Blair downgraded Trex from an “outperform” rating to a “market perform” rating in a report on Wednesday, November 5th. Nine equities research analysts have rated the stock with a Buy rating, eleven have given a Hold rating and three have assigned a Sell rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and an average price target of $47.38.

Read Our Latest Analysis on Trex

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.

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