Trex Company, Inc. (NYSE:TREX - Free Report) - Stock analysts at William Blair increased their Q1 2024 earnings per share estimates for Trex in a research report issued on Tuesday, April 16th. William Blair analyst R. Merkel now anticipates that the construction company will post earnings per share of $0.74 for the quarter, up from their previous forecast of $0.67. The consensus estimate for Trex's current full-year earnings is $2.21 per share. William Blair also issued estimates for Trex's Q2 2024 earnings at $0.79 EPS, Q3 2024 earnings at $0.56 EPS, Q4 2024 earnings at $0.18 EPS, FY2024 earnings at $2.28 EPS and FY2025 earnings at $2.68 EPS.
Trex (NYSE:TREX - Get Free Report) last announced its quarterly earnings data on Monday, February 26th. The construction company reported $0.20 EPS for the quarter, topping analysts' consensus estimates of $0.19 by $0.01. The firm had revenue of $195.75 million during the quarter, compared to analyst estimates of $193.40 million. Trex had a return on equity of 31.26% and a net margin of 18.76%. The company's revenue was up 1.9% on a year-over-year basis. During the same period last year, the company earned $0.23 earnings per share.
A number of other analysts have also commented on the company. Barclays lifted their price objective on Trex from $86.00 to $93.00 and gave the stock an "underweight" rating in a research report on Thursday, April 4th. Benchmark raised their target price on Trex from $85.00 to $105.00 and gave the stock a "buy" rating in a report on Friday, March 1st. DA Davidson raised their target price on Trex from $80.00 to $87.00 and gave the stock a "neutral" rating in a report on Tuesday, February 27th. UBS Group lifted their price objective on Trex from $84.00 to $100.00 and gave the company a "neutral" rating in a report on Tuesday, February 27th. Finally, JPMorgan Chase & Co. lifted their target price on Trex from $79.00 to $93.00 and gave the company a "neutral" rating in a research report on Friday, March 1st. Two analysts have rated the stock with a sell rating, nine have issued a hold rating and eight have given a buy rating to the company's stock. According to MarketBeat.com, the stock presently has an average rating of "Hold" and an average target price of $88.72.
Read Our Latest Stock Report on Trex
Trex Stock Down 1.4 %
TREX stock traded down $1.22 during midday trading on Wednesday, reaching $87.76. The stock had a trading volume of 580,056 shares, compared to its average volume of 797,218. The business has a fifty day simple moving average of $94.30 and a two-hundred day simple moving average of $79.26. The firm has a market cap of $9.53 billion, a price-to-earnings ratio of 46.43, a PEG ratio of 2.08 and a beta of 1.60. Trex has a twelve month low of $51.03 and a twelve month high of $101.91.
Institutional Trading of Trex
Institutional investors have recently modified their holdings of the stock. Eagle Asset Management Inc. lifted its position in shares of Trex by 0.3% during the 4th quarter. Eagle Asset Management Inc. now owns 46,660 shares of the construction company's stock worth $3,863,000 after buying an additional 119 shares during the last quarter. EverSource Wealth Advisors LLC raised its position in Trex by 16.8% in the fourth quarter. EverSource Wealth Advisors LLC now owns 863 shares of the construction company's stock valued at $71,000 after purchasing an additional 124 shares during the last quarter. First Horizon Advisors Inc. raised its position in Trex by 6.9% in the fourth quarter. First Horizon Advisors Inc. now owns 2,144 shares of the construction company's stock valued at $178,000 after purchasing an additional 138 shares during the last quarter. Shell Asset Management Co. raised its position in Trex by 0.5% in the third quarter. Shell Asset Management Co. now owns 35,605 shares of the construction company's stock valued at $2,194,000 after purchasing an additional 163 shares during the last quarter. Finally, Martin Capital Advisors LLP raised its position in Trex by 0.7% in the fourth quarter. Martin Capital Advisors LLP now owns 25,723 shares of the construction company's stock valued at $2,130,000 after purchasing an additional 168 shares during the last quarter. 95.96% of the stock is currently owned by institutional investors.
Trex Company Profile
(
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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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