Brokerages Set Trex Company, Inc. (NYSE:TREX) PT at $81.31

Shares of Trex Company, Inc. (NYSE:TREX) have received an average recommendation of “Hold” from the seventeen ratings firms that are covering the company, MarketBeat Ratings reports. One analyst has rated the stock with a sell recommendation, ten have given a hold recommendation and six have issued a buy recommendation on the company. The average twelve-month price target among brokers that have issued a report on the stock in the last year is $80.38.

A number of brokerages have issued reports on TREX. Stifel Nicolaus decreased their target price on Trex from $110.00 to $85.00 and set a “buy” rating for the company in a research report on Wednesday, August 7th. The Goldman Sachs Group decreased their target price on Trex from $114.00 to $93.00 and set a “buy” rating for the company in a research report on Wednesday, July 10th. Bank of America cut their price target on Trex from $97.00 to $85.00 and set a “buy” rating for the company in a report on Wednesday, August 7th. Benchmark cut their price target on Trex from $105.00 to $80.00 and set a “buy” rating for the company in a report on Thursday, August 8th. Finally, Truist Financial cut their price target on Trex from $120.00 to $100.00 and set a “buy” rating for the company in a report on Wednesday, August 7th.

Trex Stock Performance

Shares of NYSE TREX opened at $64.32 on Tuesday. The stock has a market cap of $6.99 billion, a price-to-earnings ratio of 26.58, a PEG ratio of 2.39 and a beta of 1.50. The business has a 50 day simple moving average of $65.18 and a 200 day simple moving average of $76.02. Trex has a 52 week low of $54.09 and a 52 week high of $101.91.

Trex (NYSE:TREX) last announced its quarterly earnings results on Tuesday, August 6th. The construction company reported $0.80 EPS for the quarter, beating the consensus estimate of $0.78 by $0.02. The business had revenue of $376.47 million during the quarter, compared to analysts’ expectations of $387.87 million. Trex had a return on equity of 33.53% and a net margin of 21.07%. The firm’s quarterly revenue was up 5.6% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.71 EPS. On average, analysts predict that Trex will post 2.04 EPS for the current year.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of the stock. Vanguard Group Inc. raised its stake in Trex by 0.6% during the first quarter. Vanguard Group Inc. now owns 10,314,078 shares of the construction company’s stock worth $1,028,829,000 after acquiring an additional 65,428 shares in the last quarter. Conestoga Capital Advisors LLC grew its holdings in shares of Trex by 3.2% during the second quarter. Conestoga Capital Advisors LLC now owns 1,973,668 shares of the construction company’s stock worth $146,288,000 after purchasing an additional 60,405 shares during the last quarter. American Century Companies Inc. grew its holdings in shares of Trex by 7.1% during the second quarter. American Century Companies Inc. now owns 1,843,376 shares of the construction company’s stock worth $136,631,000 after purchasing an additional 122,658 shares during the last quarter. Dimensional Fund Advisors LP grew its holdings in shares of Trex by 8.2% during the second quarter. Dimensional Fund Advisors LP now owns 1,224,351 shares of the construction company’s stock worth $90,752,000 after purchasing an additional 92,563 shares during the last quarter. Finally, Blair William & Co. IL grew its holdings in shares of Trex by 0.6% during the second quarter. Blair William & Co. IL now owns 1,144,126 shares of the construction company’s stock worth $84,803,000 after purchasing an additional 6,901 shares during the last quarter. 95.96% of the stock is currently owned by institutional investors and hedge funds.

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.