DA Davidson Weighs in on Trex's Q2 Earnings (NYSE:TREX)

Trex Company, Inc. (NYSE:TREX - Free Report) - Equities research analysts at DA Davidson issued their Q2 2025 earnings estimates for Trex in a research note issued on Monday, May 12th. DA Davidson analyst K. Yinger forecasts that the construction company will post earnings per share of $0.69 for the quarter. DA Davidson currently 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.

A number of other research firms have also recently commented on TREX. Citigroup decreased their price target on Trex from $78.00 to $60.00 and set a "neutral" rating on the stock in a report on Friday, April 11th. Bank of America cut their target price on Trex from $85.00 to $79.00 and set a "buy" rating on the stock in a research note on Tuesday, February 25th. UBS Group lowered their price target on Trex from $74.00 to $72.00 and set a "neutral" rating for the company in a report on Friday, May 9th. Deutsche Bank Aktiengesellschaft assumed coverage on Trex in a report on Tuesday, April 1st. They set a "buy" rating and a $85.00 target price for the company. Finally, Jefferies Financial Group decreased their price objective on Trex from $81.00 to $71.00 and set a "hold" rating for the company in a report on Tuesday, February 25th. Two investment analysts have rated the stock with a sell rating, eight have given a hold rating and eight have issued a buy rating to the stock. According to MarketBeat, Trex currently has an average rating of "Hold" and a consensus price target of $76.65.

Trex Trading Up 1.3%

NYSE TREX traded up $0.77 on Tuesday, hitting $60.80. 766,236 shares of the company traded hands, compared to its average volume of 1,347,588. The company has a market capitalization of $6.52 billion, a price-to-earnings ratio of 27.76, a P/E/G ratio of 2.51 and a beta of 1.62. The business's 50 day moving average price is $57.44 and its 200-day moving average price is $65.56. Trex has a 52-week low of $49.01 and a 52-week high of $88.87.

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

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the company. Barclays PLC increased its position in Trex by 8.8% during the 3rd quarter. Barclays PLC now owns 149,623 shares of the construction company's stock worth $9,961,000 after purchasing an additional 12,085 shares in the last quarter. Wilmington Savings Fund Society FSB acquired a new position in Trex during the 3rd quarter worth approximately $30,000. GAMMA Investing LLC lifted its position in Trex by 274.9% during the 4th quarter. GAMMA Investing LLC now owns 701 shares of the construction company's stock worth $48,000 after acquiring an additional 514 shares in the last quarter. Eagle Bay Advisors LLC acquired a new position in shares of Trex in the 4th quarter valued at approximately $41,000. Finally, Claro Advisors LLC bought a new stake in shares of Trex in the 4th quarter valued at approximately $220,000. Hedge funds and other institutional investors own 95.96% of the company's stock.

Insider Buying and Selling at Trex

In related news, Director Melkeya Mcduffie sold 1,420 shares of the company's stock in a transaction that occurred on Friday, February 28th. The shares were sold at an average price of $61.88, for a total transaction of $87,869.60. Following the sale, the director now directly owns 1,705 shares in the company, valued at approximately $105,505.40. This represents a 45.44% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, SVP Amy M. Fernandez sold 2,366 shares of the company's stock in a transaction that occurred on Monday, May 12th. The shares were sold at an average price of $61.17, for a total value of $144,728.22. Following the completion of the transaction, the senior vice president now directly owns 24,569 shares of the company's stock, valued at $1,502,885.73. This trade represents a 8.78% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 5,286 shares of company stock valued at $323,003 over the last 90 days. 0.71% of the stock is owned by insiders.

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.