Equities Analysts Issue Forecasts for Trex Q2 Earnings

Trex Company, Inc. (NYSE:TREX - Free Report) - Analysts at DA Davidson issued their Q2 2025 earnings per share estimates for shares of Trex in a report issued on Monday, May 12th. DA Davidson analyst K. Yinger expects that the construction company will post earnings of $0.69 per share for the quarter. DA Davidson has a "Neutral" rating and a $74.00 price objective on the stock. The consensus estimate for Trex's current full-year earnings is $2.04 per share. DA Davidson also issued estimates for Trex's FY2025 earnings at $2.19 EPS.

Other equities analysts have also recently issued research reports about the company. Deutsche Bank Aktiengesellschaft started coverage on Trex in a report on Tuesday, April 1st. They set a "buy" rating and a $85.00 price objective for the company. StockNews.com cut Trex from a "hold" rating to a "sell" rating in a report on Wednesday, March 5th. JPMorgan Chase & Co. lowered their target price on Trex from $79.00 to $73.00 and set a "neutral" rating for the company in a report on Wednesday, March 5th. Jefferies Financial Group lowered their target price on Trex from $81.00 to $71.00 and set a "hold" rating for the company in a report on Tuesday, February 25th. Finally, Stephens lowered their target price on Trex from $73.00 to $65.00 and set an "equal weight" rating for the company in a report on Monday. Two equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating and eight have given a buy rating to the company's stock. According to data from MarketBeat.com, the company presently has an average rating of "Hold" and an average target price of $76.65.

Trex Stock Up 1.3%

TREX traded up $0.77 during trading hours on Tuesday, reaching $60.80. 766,236 shares of the company's stock traded hands, compared to its average volume of 1,344,649. The firm has a 50-day moving average price of $57.44 and a 200 day moving average price of $65.60. Trex has a 52-week low of $49.01 and a 52-week high of $89.55. The firm has a market capitalization of $6.52 billion, a PE ratio of 27.76, a PEG ratio of 2.51 and a beta of 1.62.

Trex (NYSE:TREX - Get Free Report) last released its earnings results on Thursday, May 8th. The construction company reported $0.60 earnings per share for the quarter, beating the consensus estimate of $0.58 by $0.02. Trex had a return on equity of 28.89% and a net margin of 20.23%. The firm had revenue of $339.99 million for the quarter, compared to the consensus estimate of $329.11 million. During the same quarter in the previous year, the company posted $0.82 EPS. The company's revenue for the quarter was down 9.0% compared to the same quarter last year.

Institutional Investors Weigh In On Trex

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Alliancebernstein L.P. increased its holdings in shares of Trex by 54.5% in the fourth quarter. Alliancebernstein L.P. now owns 10,819,326 shares of the construction company's stock valued at $746,858,000 after purchasing an additional 3,818,025 shares during the period. Price T Rowe Associates Inc. MD increased its holdings in shares of Trex by 132.8% in the first quarter. Price T Rowe Associates Inc. MD now owns 7,297,863 shares of the construction company's stock valued at $424,007,000 after purchasing an additional 4,163,014 shares during the period. Wasatch Advisors LP increased its holdings in shares of Trex by 12.8% in the fourth quarter. Wasatch Advisors LP now owns 4,599,521 shares of the construction company's stock valued at $317,505,000 after purchasing an additional 523,113 shares during the period. Bamco Inc. NY grew its holdings in Trex by 6.2% during the fourth quarter. Bamco Inc. NY now owns 2,153,133 shares of the construction company's stock worth $148,631,000 after acquiring an additional 126,441 shares during the period. Finally, Balyasny Asset Management L.P. grew its holdings in Trex by 86.3% during the fourth quarter. Balyasny Asset Management L.P. now owns 2,029,034 shares of the construction company's stock worth $140,064,000 after acquiring an additional 939,960 shares during the period. 95.96% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other Trex news, SVP Amy M. Fernandez sold 2,366 shares of the stock in a transaction dated Monday, May 12th. The stock was sold at an average price of $61.17, for a total value of $144,728.22. Following the completion of the sale, the senior vice president now directly owns 24,569 shares in the company, valued at approximately $1,502,885.73. This trade represents a 8.78% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Melkeya Mcduffie sold 1,420 shares of the stock in a transaction dated Friday, February 28th. The shares were sold at an average price of $61.88, for a total value of $87,869.60. Following the completion of the sale, the director now owns 1,705 shares of the company's stock, valued at approximately $105,505.40. This trade represents a 45.44% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 5,286 shares of company stock worth $323,003 in the last three months. 0.71% of the stock is owned by insiders.

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.