Trex Company, Inc. (NYSE:TREX) Given Consensus Rating of “Moderate Buy” by Analysts

Shares of Trex Company, Inc. (NYSE:TREX) have received a consensus rating of “Moderate Buy” from the twenty-two brokerages that are covering the stock, Marketbeat.com reports. Two investment analysts have rated the stock with a sell rating, eight have issued a hold rating, ten have issued a buy rating and two have issued a strong buy rating on the company. The average twelve-month target price among brokers that have issued ratings on the stock in the last year is $70.7059.

Several research analysts have weighed in on the company. Vertical Research assumed coverage on Trex in a research report on Monday, October 20th. They issued a “buy” rating on the stock. Zacks Research lowered Trex from a “hold” rating to a “strong sell” rating in a research report on Monday, October 13th. Zelman & Associates dropped their target price on Trex from $74.00 to $66.00 and set an “outperform” rating on the stock in a research report on Friday, October 17th. Wall Street Zen raised Trex from a “sell” rating to a “hold” rating in a research report on Saturday, August 9th. Finally, DA Davidson set a $60.00 target price on Trex and gave the stock a “neutral” rating in a research report on Thursday, October 9th.

Insiders Place Their Bets

In other news, SVP Amy M. Fernandez sold 1,538 shares of the stock in a transaction dated 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 of the company’s stock, valued at approximately $1,473,123.54. This represents a 6.28% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. 0.71% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the stock. Armstrong Advisory Group Inc. acquired a new position in shares of Trex during the 2nd quarter valued at about $31,000. Steigerwald Gordon & Koch Inc. bought a new stake in Trex during the 3rd quarter valued at approximately $31,000. Parallel Advisors LLC boosted its stake in Trex by 28.4% during the 2nd 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 period. Caitong International Asset Management Co. Ltd bought a new stake in Trex during the 2nd quarter valued at approximately $60,000. Finally, Brooklyn Investment Group boosted its stake in Trex by 35,733.3% during the 1st 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 period. Institutional investors and hedge funds own 95.96% of the company’s stock.

Trex Trading Up 0.9%

NYSE:TREX opened at $48.24 on Friday. The firm has a market capitalization of $5.17 billion, a price-to-earnings ratio of 27.88, a PEG ratio of 2.02 and a beta of 1.49. Trex has a 1-year low of $47.03 and a 1-year high of $80.74. The business’s fifty day moving average price is $54.81 and its 200 day moving average price is $57.75.

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

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.