Trex (NYSE:TREX) Earns Hold (C-) Rating from Weiss Ratings

Key Points

• Trex has received a "hold (C-)" rating from Weiss Ratings, while various other brokerages have issued differing ratings, including a "strong-buy" and "strong sell".
• The stock price of Trex has recently decreased, trading at $48.93, down from a 1-year high of $80.74.
• Trex reported quarterly earnings of $0.74 EPS, exceeding estimates, with a revenue increase of 3.0% year-over-year.

Trex (NYSE:TREX - Get Free Report)'s stock had its "hold (c-)" rating reissued by analysts at Weiss Ratings in a research note issued to investors on Friday,Weiss Ratings reports.

A number of other brokerages also recently issued reports on TREX. Vertical Research assumed coverage on shares of Trex in a report on Monday. They issued a "buy" rating on the stock. Wall Street Zen raised shares of Trex from a "sell" rating to a "hold" rating in a research note on Saturday, August 9th. Baird R W raised shares of Trex from a "hold" rating to a "strong-buy" rating in a research note on Thursday, July 10th. Zacks Research downgraded shares of Trex from a "hold" rating to a "strong sell" rating in a research note on Monday, October 13th. Finally, DA Davidson set a $60.00 target price on shares of Trex and gave the company a "neutral" rating in a research note on Thursday, October 9th. Two analysts have rated the stock with a Strong Buy rating, ten have given a Buy rating, eight have given a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average price target of $70.71.

Trex Trading Down 0.4%

Shares of Trex stock traded down $0.22 on Friday, reaching $48.93. The stock had a trading volume of 1,225,275 shares, compared to its average volume of 1,589,019. Trex has a 1 year low of $48.48 and a 1 year high of $80.74. The company has a market cap of $5.25 billion, a P/E ratio of 28.28, a price-to-earnings-growth ratio of 2.04 and a beta of 1.49. The business's 50 day moving average is $56.20 and its two-hundred day moving average is $57.94.

Trex (NYSE:TREX - Get Free Report) last announced its quarterly earnings results on Monday, August 4th. The construction company reported $0.74 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.72 by $0.02. Trex had a net margin of 16.53% and a return on equity of 21.27%. The firm had revenue of $387.80 million for the quarter, compared to the consensus estimate of $377.49 million. During the same period in the prior year, the firm posted $0.80 earnings per share. The company's revenue for the quarter was up 3.0% on a year-over-year basis. Trex has set its Q3 2025 guidance at EPS. On average, equities analysts anticipate that Trex will post 2.04 EPS for the current fiscal year.

Insider Buying and Selling

In other Trex news, SVP Amy M. Fernandez sold 1,538 shares of the stock in a transaction that occurred on Wednesday, August 6th. The shares were sold at an average price of $64.18, for a total transaction of $98,708.84. Following the transaction, the senior vice president directly owned 22,953 shares in the company, valued at $1,473,123.54. This trade represents a 6.28% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.71% of the stock is owned by insiders.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of the business. CWM LLC grew its position in Trex by 16.8% during the second quarter. CWM LLC now owns 1,141 shares of the construction company's stock valued at $62,000 after acquiring an additional 164 shares during the last quarter. AQR Capital Management LLC grew its position in Trex by 3.2% during the first quarter. AQR Capital Management LLC now owns 5,642 shares of the construction company's stock valued at $320,000 after acquiring an additional 177 shares during the last quarter. ProShare Advisors LLC grew its holdings in shares of Trex by 4.1% in the second quarter. ProShare Advisors LLC now owns 4,754 shares of the construction company's stock worth $259,000 after purchasing an additional 189 shares during the last quarter. State of Michigan Retirement System grew its holdings in shares of Trex by 0.8% in the first quarter. State of Michigan Retirement System now owns 25,622 shares of the construction company's stock worth $1,489,000 after purchasing an additional 200 shares during the last quarter. Finally, Louisiana State Employees Retirement System grew its holdings in shares of Trex by 0.7% in the second quarter. Louisiana State Employees Retirement System now owns 30,200 shares of the construction company's stock worth $1,642,000 after purchasing an additional 200 shares during the last quarter. 95.96% of the stock is currently owned by institutional investors.

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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