William Blair Weighs in on Trex’s Q4 Earnings (NYSE:TREX)

Trex Company, Inc. (NYSE:TREX) – Equities researchers at William Blair lifted their Q4 2024 EPS estimates for Trex in a research report issued on Thursday, January 23rd. William Blair analyst R. Merkel now forecasts that the construction company will post earnings of $0.06 per share for the quarter, up from their prior forecast of $0.04. The consensus estimate for Trex’s current full-year earnings is $2.05 per share. William Blair also issued estimates for Trex’s Q1 2025 earnings at $0.64 EPS and Q4 2025 earnings at $0.26 EPS.

Trex (NYSE:TREX) last posted its earnings results on Monday, October 28th. The construction company reported $0.37 EPS for the quarter, topping analysts’ consensus estimates of $0.32 by $0.05. The business had revenue of $233.72 million for the quarter, compared to analysts’ expectations of $225.42 million. Trex had a return on equity of 28.89% and a net margin of 20.23%. The business’s revenue was down 23.1% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.57 earnings per share.

Other equities research analysts also recently issued reports about the company. BMO Capital Markets increased their price objective on Trex from $67.00 to $72.00 and gave the company a “market perform” rating in a report on Tuesday, October 29th. Barclays decreased their price target 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. Robert W. Baird lifted their price objective on shares of Trex from $70.00 to $78.00 and gave the company a “neutral” rating in a research note on Tuesday, October 29th. DA Davidson upped their target price on shares of Trex from $70.00 to $74.00 and gave the company a “neutral” rating in a report on Tuesday, October 29th. Finally, Citigroup lowered their price target on Trex from $84.00 to $78.00 and set a “neutral” rating on the stock in a report on Monday, January 6th. Two equities research analysts have rated the stock with a sell rating, nine have issued a hold rating and six have given a buy rating to the company’s stock. According to MarketBeat.com, Trex currently has an average rating of “Hold” and a consensus target price of $79.81.

Trex Stock Down 0.9 %

NYSE:TREX opened at $73.77 on Monday. The company has a market capitalization of $7.90 billion, a PE ratio of 33.69, a P/E/G ratio of 3.06 and a beta of 1.50. Trex has a 52-week low of $58.68 and a 52-week high of $101.91. The stock’s 50 day moving average price is $72.20 and its 200 day moving average price is $70.14.

Hedge Funds Weigh In On Trex

Institutional investors and hedge funds have recently made changes to their positions in the stock. L & S Advisors Inc purchased a new stake in Trex during the third quarter worth $1,000,000. Algert Global LLC boosted its position in shares of Trex by 81.3% in the 3rd quarter. Algert Global LLC now owns 86,300 shares of the construction company’s stock worth $5,746,000 after buying an additional 38,700 shares in the last quarter. Curi RMB Capital LLC grew its stake in Trex by 27.2% in the 3rd 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 during the last quarter. Dynamic Technology Lab Private Ltd increased its holdings in Trex by 237.6% during the 3rd quarter. Dynamic Technology Lab Private Ltd now owns 53,084 shares of the construction company’s stock valued at $3,534,000 after acquiring an additional 37,362 shares in the last quarter. Finally, Bank of Montreal Can raised its position in Trex by 147.5% during the second quarter. Bank of Montreal Can now owns 36,671 shares of the construction company’s stock worth $2,718,000 after acquiring an additional 21,852 shares during the last quarter. 95.96% of the stock is owned by institutional investors and hedge funds.

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.