Trex Company, Inc. (NYSE:TREX) Receives Average Rating of “Hold” from Analysts

Trex Company, Inc. (NYSE:TREX) has been assigned a consensus recommendation of “Hold” from the seventeen brokerages that are presently covering the stock, MarketBeat Ratings reports. One analyst has rated the stock with a sell rating, ten have issued a hold rating and six have assigned a buy rating to the company. The average 12-month price objective among brokers that have issued ratings on the stock in the last year is $80.38.

A number of brokerages have recently commented on TREX. DA Davidson lowered their price target on Trex from $89.00 to $80.00 and set a “neutral” rating on the stock in a report on Wednesday, July 3rd. Bank of America reduced their price objective on shares of Trex from $97.00 to $85.00 and set a “buy” rating for the company in a report on Wednesday, August 7th. UBS Group reduced their price objective on shares of Trex from $104.00 to $79.00 and set a “neutral” rating for the company in a report on Wednesday, August 7th. Loop Capital downgraded shares of Trex from a “buy” rating to a “hold” rating and reduced their price objective for the stock from $95.00 to $75.00 in a report on Wednesday, August 7th. Finally, Stifel Nicolaus reduced their price objective on shares of Trex from $110.00 to $85.00 and set a “buy” rating for the company in a report on Wednesday, August 7th.

Trex Trading Up 0.3 %

Shares of NYSE TREX opened at $64.32 on Tuesday. The company has a market cap of $6.99 billion, a price-to-earnings ratio of 26.58, a price-to-earnings-growth ratio of 2.39 and a beta of 1.50. Trex has a 12-month low of $54.09 and a 12-month high of $101.91. The stock’s 50 day simple moving average is $65.18 and its 200 day simple moving average is $76.02.

Trex (NYSE:TREX) last announced its quarterly earnings results on Tuesday, August 6th. The construction company reported $0.80 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.78 by $0.02. The business had revenue of $376.47 million for the quarter, compared to the consensus estimate of $387.87 million. Trex had a return on equity of 33.53% and a net margin of 21.07%. The business’s revenue was up 5.6% on a year-over-year basis. During the same quarter last year, the business posted $0.71 EPS. As a group, equities analysts forecast that Trex will post 2.04 earnings per share for the current fiscal year.

Institutional Trading of Trex

Several institutional investors and hedge funds have recently bought and sold shares of TREX. Vanguard Group Inc. increased its holdings in shares of Trex by 0.6% in the 1st quarter. Vanguard Group Inc. now owns 10,314,078 shares of the construction company’s stock valued at $1,028,829,000 after purchasing an additional 65,428 shares during the period. Conestoga Capital Advisors LLC increased its holdings in shares of Trex by 3.2% in the 2nd quarter. Conestoga Capital Advisors LLC now owns 1,973,668 shares of the construction company’s stock valued at $146,288,000 after purchasing an additional 60,405 shares during the period. American Century Companies Inc. increased its holdings in shares of Trex by 7.1% in the 2nd quarter. American Century Companies Inc. now owns 1,843,376 shares of the construction company’s stock valued at $136,631,000 after purchasing an additional 122,658 shares during the period. Dimensional Fund Advisors LP increased its holdings in shares of Trex by 8.2% in the 2nd quarter. Dimensional Fund Advisors LP now owns 1,224,351 shares of the construction company’s stock valued at $90,752,000 after purchasing an additional 92,563 shares during the period. Finally, Blair William & Co. IL increased its holdings in shares of Trex by 0.6% in the 2nd quarter. Blair William & Co. IL now owns 1,144,126 shares of the construction company’s stock valued at $84,803,000 after purchasing an additional 6,901 shares during the period. Institutional investors and hedge funds own 95.96% of the company’s stock.

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.