Shares of Trex Company, Inc. (NYSE:TREX - Get Free Report) have been assigned a consensus rating of "Hold" from the seventeen analysts that are covering the company, MarketBeat Ratings reports. One investment analyst has rated the stock with a sell rating, ten have assigned a hold rating and six have assigned a buy rating to the company. The average 1 year price objective among brokers that have covered the stock in the last year is $81.31.
A number of equities analysts have weighed in on TREX shares. Robert W. Baird cut their target price on shares of Trex from $88.00 to $70.00 and set a "neutral" rating for the company in a research report on Wednesday, August 7th. StockNews.com raised shares of Trex from a "sell" rating to a "hold" rating in a report on Thursday, September 19th. Stifel Nicolaus cut their price target on Trex from $110.00 to $85.00 and set a "buy" rating for the company in a report on Wednesday, August 7th. The Goldman Sachs Group decreased their price objective on Trex from $114.00 to $93.00 and set a "buy" rating on the stock in a research note on Wednesday, July 10th. Finally, Loop Capital downgraded Trex from a "buy" rating to a "hold" rating and cut their target price for the stock from $95.00 to $75.00 in a research note on Wednesday, August 7th.
Check Out Our Latest Research Report on TREX
Several large investors have recently modified their holdings of the business. Renaissance Technologies LLC purchased a new stake in shares of Trex in the 2nd quarter worth about $19,475,000. Motley Fool Asset Management LLC raised its stake in Trex by 287.5% in the first quarter. Motley Fool Asset Management LLC now owns 324,808 shares of the construction company's stock worth $32,400,000 after buying an additional 240,989 shares in the last quarter. Federated Hermes Inc. lifted its holdings in Trex by 39.1% in the second quarter. Federated Hermes Inc. now owns 774,083 shares of the construction company's stock worth $57,375,000 after buying an additional 217,767 shares during the period. Achmea Investment Management B.V. bought a new stake in Trex during the 2nd quarter valued at approximately $15,635,000. Finally, Blair William & Co. IL grew its holdings in shares of Trex by 19.4% during the 1st quarter. Blair William & Co. IL now owns 1,137,225 shares of the construction company's stock worth $113,438,000 after acquiring an additional 184,631 shares during the period. 95.96% of the stock is owned by institutional investors.
TREX stock opened at $62.98 on Tuesday. Trex has a 1-year low of $54.09 and a 1-year high of $101.91. The stock has a market cap of $6.85 billion, a P/E ratio of 26.02, a P/E/G ratio of 2.19 and a beta of 1.50. The stock's fifty day simple moving average is $65.07 and its two-hundred day simple moving average is $76.81.
Trex (NYSE:TREX - Get Free Report) last released its earnings results on Tuesday, August 6th. The construction company reported $0.80 earnings per share for the quarter, beating 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 during the quarter, compared to the consensus estimate of $387.87 million. During the same period in the prior year, the firm earned $0.71 EPS. The company's revenue was up 5.6% compared to the same quarter last year. As a group, analysts forecast that Trex will post 2.04 earnings per share for the current fiscal year.
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.
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