Trex Company, Inc. (NYSE:TREX) Given Consensus Recommendation of "Hold" by Analysts

Shares of Trex Company, Inc. (NYSE:TREX - Get Free Report) have received a consensus recommendation of "Hold" from the eighteen brokerages that are presently covering the company, Marketbeat.com reports. Two research analysts have rated the stock with a sell rating, eight have assigned a hold rating and eight have issued a buy rating on the company. The average 12-month target price among brokers that have issued ratings on the stock in the last year is $88.72.

Several research analysts have weighed in on the company. Truist Financial boosted their price target on Trex from $70.00 to $120.00 and gave the stock a "buy" rating in a research report on Tuesday, February 27th. Robert W. Baird increased their price target on shares of Trex from $105.00 to $110.00 and gave the company a "neutral" rating in a research note on Monday, April 8th. The Goldman Sachs Group lifted their price objective on shares of Trex from $89.00 to $108.00 and gave the company a "buy" rating in a research report on Wednesday, February 28th. DA Davidson upped their target price on shares of Trex from $80.00 to $87.00 and gave the company a "neutral" rating in a report on Tuesday, February 27th. Finally, Benchmark lifted their price target on Trex from $85.00 to $105.00 and gave the stock a "buy" rating in a report on Friday, March 1st.

Institutional Trading of Trex

Several hedge funds and other institutional investors have recently bought and sold shares of the business. V Square Quantitative Management LLC acquired a new position in Trex in the 4th quarter valued at $25,000. Mather Group LLC. bought a new stake in Trex during the first quarter worth about $26,000. Loomis Sayles & Co. L P bought a new stake in Trex during the third quarter worth about $27,000. Contravisory Investment Management Inc. acquired a new stake in Trex during the fourth quarter worth about $28,000. Finally, Headinvest LLC acquired a new position in shares of Trex in the 3rd quarter valued at approximately $29,000. Institutional investors and hedge funds own 95.96% of the company's stock.

Trex Stock Down 1.9 %

TREX traded down $1.69 during trading hours on Tuesday, hitting $88.55. 430,853 shares of the company's stock were exchanged, compared to its average volume of 764,833. The stock has a market cap of $9.62 billion, a price-to-earnings ratio of 46.85, a PEG ratio of 2.03 and a beta of 1.60. Trex has a 1-year low of $51.03 and a 1-year high of $101.91. The stock's 50-day moving average is $93.99 and its two-hundred day moving average is $81.33.

Trex (NYSE:TREX - Get Free Report) last posted 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 company had revenue of $195.75 million during the quarter, compared to the consensus estimate of $193.40 million. Trex had a net margin of 18.76% and a return on equity of 31.26%. The company's quarterly revenue was up 1.9% on a year-over-year basis. During the same period in the prior year, the business posted $0.23 EPS. On average, equities research analysts anticipate that Trex will post 2.22 EPS for the current year.

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.