Brokers Issue Forecasts for Trex’s Q1 Earnings (NYSE:TREX)

Trex Company, Inc. (NYSE:TREX) – William Blair dropped their Q1 2025 earnings estimates for Trex in a research report issued to clients and investors on Tuesday, February 25th. William Blair analyst R. Merkel now expects that the construction company will post earnings of $0.52 per share for the quarter, down from their prior estimate of $0.64. The consensus estimate for Trex’s current full-year earnings is $2.04 per share. William Blair also issued estimates for Trex’s Q2 2025 earnings at $0.78 EPS, FY2025 earnings at $2.21 EPS and FY2026 earnings at $2.57 EPS.

TREX has been the topic of a number of other research reports. StockNews.com raised shares of Trex from a “sell” rating to a “hold” rating in a research report on Tuesday. Bank of America cut their price objective on shares of Trex from $85.00 to $79.00 and set a “buy” rating on the stock in a research report on Tuesday. Truist Financial cut their price objective on shares of Trex from $100.00 to $90.00 and set a “buy” rating on the stock in a research report on Tuesday. Citigroup cut their price objective on shares of Trex from $84.00 to $78.00 and set a “neutral” rating on the stock in a research report on Monday, January 6th. Finally, Jefferies Financial Group cut their price objective on shares of Trex from $81.00 to $71.00 and set a “hold” rating on the stock in a research report on Tuesday. One equities research analyst has rated the stock with a sell rating, ten have given a hold rating and six have issued a buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $78.38.

Trex Stock Up 2.3 %

Shares of Trex stock opened at $61.71 on Thursday. Trex has a twelve month low of $58.68 and a twelve month high of $100.77. The stock has a market cap of $6.61 billion, a price-to-earnings ratio of 28.18, a P/E/G ratio of 2.51 and a beta of 1.51. The company’s fifty day moving average is $69.13 and its 200 day moving average is $68.64.

Trex (NYSE:TREX) last announced its quarterly earnings results on Monday, February 24th. The construction company reported $0.09 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.04 by $0.05. The company had revenue of $167.63 million during the quarter, compared to the consensus estimate of $160.54 million. Trex had a net margin of 20.23% and a return on equity of 28.89%.

Institutional Trading of Trex

Several institutional investors and hedge funds have recently bought and sold shares of TREX. L & S Advisors Inc purchased a new position in Trex during the third quarter worth about $1,000,000. Algert Global LLC raised its holdings in Trex by 81.3% in the third quarter. Algert Global LLC now owns 86,300 shares of the construction company’s stock valued at $5,746,000 after acquiring an additional 38,700 shares in the last quarter. Curi RMB Capital LLC raised its holdings in Trex by 27.2% in the third quarter. Curi RMB Capital LLC now owns 68,149 shares of the construction company’s stock valued at $4,537,000 after acquiring an additional 14,558 shares in the last quarter. Dynamic Technology Lab Private Ltd increased its stake in Trex by 237.6% in the third quarter. Dynamic Technology Lab Private Ltd now owns 53,084 shares of the construction company’s stock valued at $3,534,000 after purchasing an additional 37,362 shares during the last quarter. Finally, Entropy Technologies LP increased its stake in Trex by 287.1% in the third quarter. Entropy Technologies LP now owns 16,811 shares of the construction company’s stock valued at $1,119,000 after purchasing an additional 12,468 shares during the last quarter. 95.96% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other news, Director Melkeya Mcduffie sold 1,420 shares of Trex stock in a transaction that occurred on Friday, February 28th. The shares were sold at an average price of $61.88, for a total value of $87,869.60. Following the transaction, the director now owns 1,705 shares of the company’s stock, valued at $105,505.40. The trade was a 45.44 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 0.71% of the company’s stock.

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.