Trex Company, Inc. (NYSE:TREX) Receives Average Recommendation of "Hold" from Brokerages

Trex Company, Inc. (NYSE:TREX - Get Free Report) has been assigned a consensus rating of "Hold" from the seventeen analysts that are presently covering the company, MarketBeat Ratings reports. One analyst has rated the stock with a sell recommendation, eight have assigned a hold recommendation and eight have issued a buy recommendation on the company. The average 1-year target price among brokerages that have issued ratings on the stock in the last year is $76.65.

TREX has been the subject of a number of recent research reports. Stephens lowered their price target on shares of Trex from $73.00 to $65.00 and set an "equal weight" rating for the company in a report on Monday, May 12th. Barclays cut their price target on Trex from $67.00 to $54.00 and set an "underweight" rating for the company in a report on Tuesday, April 8th. BMO Capital Markets upgraded Trex from a "market perform" rating to an "outperform" rating and set a $72.00 price objective on the stock in a report on Thursday, April 17th. Citigroup dropped their target price on Trex from $78.00 to $60.00 and set a "neutral" rating for the company in a research note on Friday, April 11th. Finally, DA Davidson reiterated a "neutral" rating and set a $74.00 target price on shares of Trex in a research report on Tuesday, February 25th.

Insider Buying and Selling

In related news, SVP Amy M. Fernandez sold 2,366 shares of Trex stock in a transaction 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 sale, the senior vice president now owns 24,569 shares in the company, valued at approximately $1,502,885.73. The trade was a 8.78% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, SVP Jacob T. Rudolph sold 1,500 shares of Trex stock in a transaction dated Thursday, May 15th. The stock was sold at an average price of $60.27, for a total value of $90,405.00. Following the completion of the transaction, the senior vice president now owns 27,527 shares of the company's stock, valued at $1,659,052.29. This trade represents a 5.17% decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.71% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Trex

Institutional investors and hedge funds have recently bought and sold shares of the business. Price T Rowe Associates Inc. MD increased its holdings in shares of Trex by 132.8% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 7,297,863 shares of the construction company's stock worth $424,007,000 after acquiring an additional 4,163,014 shares during the period. Alliancebernstein L.P. lifted its stake in Trex by 54.5% during 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 last quarter. Madison Asset Management LLC acquired a new stake in shares of Trex during the 1st quarter valued at $109,852,000. AustralianSuper Pty Ltd purchased a new position in Trex in the 4th quarter worth about $110,414,000. Finally, Anomaly Capital Management LP increased its position in shares of Trex by 228.2% in the fourth quarter. Anomaly Capital Management LP now owns 1,512,783 shares of the construction company's stock worth $104,427,000 after acquiring an additional 1,051,888 shares in the last quarter. Institutional investors and hedge funds own 95.96% of the company's stock.

Trex Trading Down 0.0%

Shares of TREX stock traded down $0.01 during trading hours on Wednesday, hitting $56.60. The company's stock had a trading volume of 1,009,332 shares, compared to its average volume of 1,557,783. The business has a fifty day moving average of $57.02 and a 200-day moving average of $64.30. Trex has a twelve month low of $49.01 and a twelve month high of $87.43. The stock has a market cap of $6.07 billion, a price-to-earnings ratio of 25.84, a P/E/G ratio of 2.51 and a beta of 1.52.

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 for the quarter, topping 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 company had revenue of $339.99 million during the quarter, compared to the consensus estimate of $329.11 million. During the same quarter last year, the business posted $0.82 earnings per share. Trex's revenue was down 9.0% compared to the same quarter last year. On average, equities analysts expect that Trex will post 2.04 EPS for the current fiscal 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.