Trex Company, Inc. (NYSE:TREX) Receives Consensus Rating of "Hold" from Analysts

Trex Company, Inc. (NYSE:TREX - Get Free Report) has been assigned an average rating of "Hold" from the seventeen analysts that are currently covering the stock, Marketbeat reports. One research analyst has rated the stock with a sell recommendation, eight have assigned a hold recommendation and eight have given a buy recommendation to the company. The average 12-month price target among brokerages that have issued a report on the stock in the last year is $76.65.

Several brokerages have recently commented on TREX. UBS Group decreased their price target on Trex from $74.00 to $72.00 and set a "neutral" rating on the stock in a research note on Friday, May 9th. Stephens decreased their price target on Trex from $73.00 to $65.00 and set an "equal weight" rating on the stock in a research note on Monday, May 12th. BMO Capital Markets raised Trex from a "market perform" rating to an "outperform" rating and set a $72.00 target price on the stock in a research note on Thursday, April 17th. Barclays reduced their target price on Trex from $67.00 to $54.00 and set an "underweight" rating on the stock in a research note on Tuesday, April 8th. Finally, Citigroup reduced their target price on Trex from $78.00 to $60.00 and set a "neutral" rating on the stock in a research note on Friday, April 11th.

Insiders Place Their Bets

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

Institutional Trading of Trex

A number of institutional investors and hedge funds have recently made changes to their positions in the company. Truist Financial Corp increased its holdings in Trex by 53.2% in the 4th quarter. Truist Financial Corp now owns 5,479 shares of the construction company's stock valued at $378,000 after purchasing an additional 1,902 shares in the last quarter. Oppenheimer Asset Management Inc. increased its holdings in Trex by 24.2% in the 4th quarter. Oppenheimer Asset Management Inc. now owns 68,713 shares of the construction company's stock valued at $4,743,000 after purchasing an additional 13,384 shares in the last quarter. Proficio Capital Partners LLC acquired a new stake in Trex in the 4th quarter valued at $2,116,000. Versor Investments LP acquired a new stake in Trex in the 4th quarter valued at $343,000. Finally, SVB Wealth LLC acquired a new stake in Trex in the 4th quarter valued at $3,738,000. 95.96% of the stock is currently owned by institutional investors and hedge funds.

Trex Trading Up 2.5%

NYSE TREX opened at $54.88 on Friday. The business's 50 day moving average is $57.02 and its two-hundred day moving average is $61.96. Trex has a 12-month low of $49.01 and a 12-month high of $86.56. The stock has a market capitalization of $5.88 billion, a price-to-earnings ratio of 30.16, a PEG ratio of 2.32 and a beta of 1.52.

Trex (NYSE:TREX - Get Free Report) last released its earnings results on Thursday, May 8th. The construction company reported $0.60 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.58 by $0.02. The company had revenue of $339.99 million for the quarter, compared to analysts' expectations of $329.11 million. Trex had a return on equity of 22.78% and a net margin of 17.69%. The firm's quarterly revenue was down 9.0% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.82 EPS. Equities analysts forecast that Trex will post 2.04 earnings per share 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.

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