DA Davidson Comments on Trex Company, Inc.’s FY2025 Earnings (NYSE:TREX)

Trex Company, Inc. (NYSE:TREX) – DA Davidson cut their FY2025 EPS estimates for shares of Trex in a research report issued on Friday, October 11th. DA Davidson analyst K. Yinger now forecasts that the construction company will post earnings per share of $2.16 for the year, down from their previous estimate of $2.19. DA Davidson currently has a “Neutral” rating and a $80.00 target price on the stock. The consensus estimate for Trex’s current full-year earnings is $2.04 per share.

Trex (NYSE:TREX) last posted its quarterly earnings results on Tuesday, August 6th. The construction company reported $0.80 EPS for the quarter, topping analysts’ consensus estimates of $0.78 by $0.02. Trex had a net margin of 21.07% and a return on equity of 33.53%. The firm had revenue of $376.47 million for the quarter, compared to analysts’ expectations of $387.87 million. During the same period in the prior year, the business posted $0.71 earnings per share. The business’s revenue for the quarter was up 5.6% on a year-over-year basis.

Several other equities research analysts have also recently weighed in on TREX. Bank of America lowered their target price on Trex from $97.00 to $85.00 and set a “buy” rating for the company in a report on Wednesday, August 7th. Truist Financial dropped their target price on shares of Trex from $120.00 to $100.00 and set a “buy” rating on the stock in a report on Wednesday, August 7th. Robert W. Baird reduced their price target on shares of Trex from $88.00 to $70.00 and set a “neutral” rating for the company in a report on Wednesday, August 7th. Jefferies Financial Group lowered their price target on shares of Trex from $77.00 to $73.00 and set a “hold” rating for the company in a research report on Wednesday, October 9th. Finally, Stifel Nicolaus cut 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. One research analyst has rated the stock with a sell rating, eleven have issued a hold rating and six have given a buy rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Hold” and a consensus price target of $81.31.

Trex Stock Performance

Trex stock opened at $65.39 on Monday. Trex has a fifty-two week low of $53.59 and a fifty-two week high of $101.91. The company has a market capitalization of $7.11 billion, a PE ratio of 27.02, a P/E/G ratio of 2.15 and a beta of 1.50. The company has a 50 day moving average price of $64.98 and a 200-day moving average price of $77.94.

Institutional Investors Weigh In On Trex

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Vident Advisory LLC purchased a new position in shares of Trex in the 1st quarter valued at approximately $4,013,000. Comerica Bank lifted its stake in shares of Trex by 3.8% during the first quarter. Comerica Bank now owns 217,435 shares of the construction company’s stock worth $21,689,000 after buying an additional 8,036 shares during the period. Fisher Asset Management LLC grew its holdings in shares of Trex by 4.8% during the fourth quarter. Fisher Asset Management LLC now owns 98,720 shares of the construction company’s stock valued at $8,173,000 after buying an additional 4,534 shares during the last quarter. Duality Advisers LP increased its position in shares of Trex by 54.1% in the 1st quarter. Duality Advisers LP now owns 47,677 shares of the construction company’s stock valued at $4,756,000 after acquiring an additional 16,738 shares during the period. Finally, CANADA LIFE ASSURANCE Co raised its stake in Trex by 28.8% in the 1st quarter. CANADA LIFE ASSURANCE Co now owns 77,642 shares of the construction company’s stock worth $7,746,000 after acquiring an additional 17,376 shares during the last quarter. 95.96% of the stock is currently owned by hedge funds and other 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.