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

Shares of Trex Company, Inc. (NYSE:TREX) have received an average rating of “Hold” from the seventeen analysts that are presently covering the firm, Marketbeat reports. One research analyst has rated the stock with a sell recommendation, ten have assigned a hold recommendation and six have assigned a buy recommendation to the company. The average 12-month price objective among analysts that have issued a report on the stock in the last year is $79.94.

Several equities research analysts have recently issued reports on TREX shares. Benchmark lowered their price objective on shares of Trex from $105.00 to $80.00 and set a “buy” rating on the stock in a research note on Thursday, August 8th. DA Davidson raised their price target on shares of Trex from $70.00 to $74.00 and gave the stock a “neutral” rating in a research report on Tuesday, October 29th. Stifel Nicolaus dropped their price objective on shares of Trex from $110.00 to $85.00 and set a “buy” rating on the stock in a report on Wednesday, August 7th. Barclays reduced their target price on shares of Trex from $68.00 to $67.00 and set an “underweight” rating for the company in a research note on Tuesday, October 29th. Finally, Bank of America lowered their price target on Trex from $97.00 to $85.00 and set a “buy” rating on the stock in a research note on Wednesday, August 7th.

Trex Price Performance

Shares of TREX opened at $68.88 on Friday. The company has a market capitalization of $7.38 billion, a PE ratio of 31.45, a price-to-earnings-growth ratio of 3.10 and a beta of 1.49. Trex has a one year low of $58.68 and a one year high of $101.91. The company’s fifty day moving average price is $67.69 and its 200 day moving average price is $73.61.

Trex (NYSE:TREX) last posted its quarterly earnings data on Monday, October 28th. The construction company reported $0.37 EPS for the quarter, topping analysts’ consensus estimates of $0.32 by $0.05. Trex had a return on equity of 28.89% and a net margin of 20.23%. The business had revenue of $233.72 million for the quarter, compared to analyst estimates of $225.42 million. During the same period in the previous year, the company posted $0.57 earnings per share. The firm’s revenue for the quarter was down 23.1% on a year-over-year basis. Analysts anticipate that Trex will post 2.05 earnings per share for the current year.

Hedge Funds Weigh In On Trex

Several institutional investors have recently added to or reduced their stakes in TREX. Hantz Financial Services Inc. bought a new stake in Trex during the second quarter worth about $31,000. UMB Bank n.a. grew its position in Trex by 150.8% during the 3rd quarter. UMB Bank n.a. now owns 652 shares of the construction company’s stock worth $43,000 after acquiring an additional 392 shares during the last quarter. Ashton Thomas Private Wealth LLC acquired a new stake in Trex during the 2nd quarter valued at $44,000. Quarry LP raised its position in Trex by 576.4% in the 2nd quarter. Quarry LP now owns 602 shares of the construction company’s stock valued at $45,000 after purchasing an additional 513 shares during the last quarter. Finally, Mather Group LLC. boosted its stake in Trex by 142.3% in the second quarter. Mather Group LLC. now owns 630 shares of the construction company’s stock worth $47,000 after purchasing an additional 370 shares in the last quarter. 95.96% of the stock is owned by institutional investors.

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.