Trex Company, Inc. (NYSE:TREX) Given Consensus Recommendation of “Hold” by Analysts

Trex Company, Inc. (NYSE:TREX) has earned an average rating of “Hold” from the twenty-three research firms that are currently covering the stock, MarketBeat.com reports. Four analysts have rated the stock with a sell recommendation, twelve have assigned a hold recommendation, six have issued a buy recommendation and one has given a strong buy recommendation to the company. The average 12 month target price among brokers that have issued ratings on the stock in the last year is $52.5263.

A number of analysts have recently commented on the company. B. Riley reiterated a “buy” rating and set a $57.00 target price (down previously from $80.00) on shares of Trex in a research report on Wednesday, November 5th. Truist Financial reduced their price objective 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. Bank of America reissued an “underperform” rating and set a $36.00 price objective (down previously from $67.00) on shares of Trex in a report on Wednesday, November 5th. Barclays dropped their price target on Trex from $54.00 to $35.00 and set an “underweight” rating for the company in a research report on Thursday, November 6th. Finally, Wall Street Zen raised Trex from a “sell” rating to a “hold” rating in a research note on Saturday, August 9th.

Insider Transactions at Trex

In other Trex news, CFO Prithvi Gandhi bought 15,000 shares of the business’s stock in a transaction dated Friday, November 14th. The shares were acquired at an average price of $31.92 per share, with a total value of $478,800.00. Following the purchase, the chief financial officer owned 30,664 shares in the company, valued at approximately $978,794.88. The trade was a 95.76% increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Company insiders own 0.71% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently modified their holdings of the business. Armstrong Advisory Group Inc. acquired a new stake in Trex in the second quarter worth about $31,000. Steigerwald Gordon & Koch Inc. acquired a new position in shares of Trex in the third quarter worth about $31,000. Parallel Advisors LLC boosted its stake in Trex by 28.4% in the 2nd quarter. Parallel Advisors LLC now owns 1,049 shares of the construction company’s stock worth $57,000 after purchasing an additional 232 shares during the period. Brooklyn Investment Group grew its holdings in shares of 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 buying an additional 1,072 shares in the last quarter. Finally, Caitong International Asset Management Co. Ltd purchased a new position in Trex during the second quarter valued at approximately $60,000. 95.96% of the stock is owned by institutional investors and hedge funds.

Trex Stock Performance

TREX stock opened at $33.92 on Wednesday. Trex has a one year low of $29.77 and a one year high of $80.74. The firm has a market cap of $3.64 billion, a PE ratio of 19.61, a PEG ratio of 2.02 and a beta of 1.49. The firm’s 50 day moving average price is $45.35 and its 200-day moving average price is $54.97.

Trex (NYSE:TREX) last posted its quarterly earnings results on Tuesday, November 4th. The construction company reported $0.51 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.57 by ($0.06). Trex had a net margin of 16.53% and a return on equity of 21.27%. The company had revenue of $285.35 million during the quarter, compared to analyst estimates of $301.74 million. During the same period in the prior year, the business earned $0.37 EPS. Trex’s revenue for the quarter was up 22.1% on a year-over-year basis. Trex has set its FY 2025 guidance at EPS. Q4 2025 guidance at EPS. Equities research analysts predict that Trex will post 2.04 EPS for the current fiscal year.

Trex Company Profile

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.