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

Trex Company, Inc. (NYSE:TREX) has received a consensus recommendation of “Hold” from the twenty-three research firms that are covering the company, Marketbeat.com reports. Three analysts have rated the stock with a sell recommendation, ten have assigned a hold recommendation and ten have assigned a buy recommendation to the company. The average twelve-month price target among brokers that have issued ratings on the stock in the last year is $47.25.

Several equities research analysts recently commented on the stock. Deutsche Bank Aktiengesellschaft lowered shares of Trex from a “buy” rating to a “hold” rating and set a $40.00 price objective on the stock. in a research note on Wednesday, November 5th. Vertical Research downgraded Trex from a “buy” rating to a “hold” rating and set a $32.00 target price on the stock. in a report on Wednesday, November 5th. BMO Capital Markets reissued an “outperform” rating and issued a $54.00 target price on shares of Trex in a research note on Thursday, January 8th. Jefferies Financial Group raised shares of Trex from a “hold” rating to a “buy” rating and increased their price objective for the company from $39.00 to $42.00 in a research report on Monday, December 15th. Finally, UBS Group set a $52.00 price objective on shares of Trex and gave the stock a “buy” rating in a report on Tuesday, January 6th.

Trex Trading Up 2.5%

Trex stock opened at $44.08 on Monday. Trex has a 1-year low of $29.77 and a 1-year high of $73.49. The firm has a 50-day moving average of $38.45 and a 200-day moving average of $47.52. The firm has a market cap of $4.73 billion, a P/E ratio of 23.96 and a beta of 1.58.

Insider Transactions at Trex

In other news, CFO Prithvi Gandhi purchased 15,000 shares of the stock in a transaction dated Friday, November 14th. The shares were purchased at an average cost of $31.92 per share, with a total value of $478,800.00. Following the acquisition, the chief financial officer directly owned 30,664 shares of the company’s stock, valued at $978,794.88. This represents a 95.76% increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 0.74% of the company’s stock.

Institutional Investors Weigh In On Trex

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Alliancebernstein L.P. increased its stake in Trex by 1.9% in the 3rd quarter. Alliancebernstein L.P. now owns 7,543,925 shares of the construction company’s stock worth $389,795,000 after buying an additional 142,215 shares during the period. American Century Companies Inc. increased its position in shares of Trex by 2.5% during the third quarter. American Century Companies Inc. now owns 2,191,472 shares of the construction company’s stock worth $113,233,000 after acquiring an additional 53,554 shares during the period. Wellington Management Group LLP raised its stake in shares of Trex by 86.8% during the third quarter. Wellington Management Group LLP now owns 1,974,096 shares of the construction company’s stock valued at $102,002,000 after acquiring an additional 917,448 shares in the last quarter. Impax Asset Management Group plc boosted its holdings in shares of Trex by 93.0% in the third quarter. Impax Asset Management Group plc now owns 1,934,581 shares of the construction company’s stock valued at $99,354,000 after purchasing an additional 932,247 shares during the period. Finally, Madison Asset Management LLC grew its stake in Trex by 1.2% in the third quarter. Madison Asset Management LLC now owns 1,893,081 shares of the construction company’s stock worth $97,815,000 after purchasing an additional 22,027 shares in the last quarter. 95.96% of the stock is owned by 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.