DA Davidson Weighs in on Trex's FY2026 Earnings (NYSE:TREX)

Trex Company, Inc. (NYSE:TREX - Free Report) - Analysts at DA Davidson upped their FY2026 earnings estimates for shares of Trex in a research report issued to clients and investors on Monday, May 12th. DA Davidson analyst K. Yinger now expects that the construction company will post earnings per share of $2.44 for the year, up from their prior estimate of $2.37. 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.

A number of other research analysts also recently issued reports on TREX. UBS Group cut their price target on Trex from $74.00 to $72.00 and set a "neutral" rating on the stock in a report on Friday, May 9th. StockNews.com cut Trex from a "hold" rating to a "sell" rating in a report on Wednesday, March 5th. Benchmark reissued a "buy" rating and issued a $80.00 price objective on shares of Trex in a report on Monday, May 12th. Bank of America decreased their price objective on Trex from $85.00 to $79.00 and set a "buy" rating for the company in a report on Tuesday, February 25th. Finally, Deutsche Bank Aktiengesellschaft initiated coverage on Trex in a report on Tuesday, April 1st. They issued a "buy" rating and a $85.00 price objective for the company. Two 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. Based on data from MarketBeat.com, Trex presently has a consensus rating of "Hold" and a consensus target price of $76.65.

Trex Stock Performance

NYSE TREX traded down $0.33 on Wednesday, reaching $60.50. 323,325 shares of the stock traded hands, compared to its average volume of 1,579,944. The company has a fifty day moving average price of $57.44 and a 200-day moving average price of $65.53. The company has a market cap of $6.49 billion, a price-to-earnings ratio of 27.62, a PEG ratio of 2.51 and a beta of 1.62. Trex has a 12 month low of $49.01 and a 12 month high of $88.87.

Trex (NYSE:TREX - Get Free Report) last issued 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 during the quarter, compared to analyst estimates of $329.11 million. Trex had a return on equity of 28.89% and a net margin of 20.23%. Trex's quarterly revenue was down 9.0% compared to the same quarter last year. During the same period last year, the company earned $0.82 EPS.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of TREX. Mather Group LLC. boosted its holdings in Trex by 73.5% in the fourth quarter. Mather Group LLC. now owns 451 shares of the construction company's stock valued at $31,000 after purchasing an additional 191 shares during the period. Avior Wealth Management LLC raised its stake in Trex by 1,212.8% in the fourth quarter. Avior Wealth Management LLC now owns 512 shares of the construction company's stock valued at $35,000 after buying an additional 473 shares in the last quarter. Huntington National Bank raised its stake in Trex by 227.2% in the fourth quarter. Huntington National Bank now owns 566 shares of the construction company's stock valued at $39,000 after buying an additional 393 shares in the last quarter. Eagle Bay Advisors LLC acquired a new stake in Trex in the fourth quarter valued at $41,000. Finally, V Square Quantitative Management LLC raised its stake in Trex by 47.4% in the fourth quarter. V Square Quantitative Management LLC now owns 628 shares of the construction company's stock valued at $43,000 after buying an additional 202 shares in the last quarter. 95.96% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at Trex

In related news, SVP Amy M. Fernandez sold 2,366 shares of the stock in a transaction that occurred on 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 owns 24,569 shares of the company's stock, 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 document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, SVP Jacob T. Rudolph sold 1,500 shares of the firm's stock in a transaction on Thursday, May 15th. The stock was sold at an average price of $60.27, for a total value of $90,405.00. Following the transaction, the senior vice president now owns 27,527 shares of the company's stock, valued at approximately $1,659,052.29. This represents a 5.17% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 5,286 shares of company stock valued at $323,003 over the last quarter. 0.71% of the stock is currently 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.