Trex (NYSE:TREX) Hits New 1-Year Low - What's Next?

Trex Company, Inc. (NYSE:TREX - Get Free Report) reached a new 52-week low on Friday . The company traded as low as $50.35 and last traded at $53.97, with a volume of 187255 shares. The stock had previously closed at $55.38.

Analyst Ratings Changes

A number of analysts have recently issued reports on TREX shares. DA Davidson reiterated a "neutral" rating and set a $74.00 price objective on shares of Trex in a research note on Tuesday, February 25th. Benchmark reaffirmed a "buy" rating and set a $80.00 price target on shares of Trex in a research note on Monday, March 3rd. Barclays dropped their target price on Trex from $67.00 to $54.00 and set an "underweight" rating on the stock in a research report on Tuesday. JPMorgan Chase & Co. reduced their price target on Trex from $79.00 to $73.00 and set a "neutral" rating for the company in a report on Wednesday, March 5th. Finally, Bank of America cut their target price on Trex from $85.00 to $79.00 and set a "buy" rating on the stock in a research report on Tuesday, February 25th. Two investment analysts have rated the stock with a sell rating, nine have assigned a hold rating and seven have given a buy rating to the company. According to data from MarketBeat, Trex has a consensus rating of "Hold" and an average price target of $78.24.

Trex Trading Up 9.6 %

The firm has a market capitalization of $5.93 billion, a price-to-earnings ratio of 25.32, a PEG ratio of 2.51 and a beta of 1.62. The business has a 50-day moving average price of $61.67 and a two-hundred day moving average price of $67.28.

Trex (NYSE:TREX - Get Free Report) last posted its earnings results on Monday, February 24th. The construction company reported $0.09 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.04 by $0.05. Trex had a return on equity of 28.89% and a net margin of 20.23%. The company had revenue of $167.63 million for the quarter, compared to analysts' expectations of $160.54 million. On average, equities research analysts predict that Trex Company, Inc. will post 2.04 earnings per share for the current fiscal year.

Insider Activity at Trex

In other Trex news, Director Melkeya Mcduffie sold 1,420 shares of the business's stock in a transaction dated Friday, February 28th. The shares were sold at an average price of $61.88, for a total transaction of $87,869.60. Following the sale, the director now directly owns 1,705 shares in the company, valued at approximately $105,505.40. The trade was a 45.44 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 0.71% of the stock is owned by insiders.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in TREX. Wilmington Savings Fund Society FSB bought a new position in Trex during the 3rd quarter valued at $30,000. Mather Group LLC. lifted its holdings in shares of Trex by 73.5% in the fourth quarter. Mather Group LLC. now owns 451 shares of the construction company's stock valued at $31,000 after buying an additional 191 shares during the period. Avior Wealth Management LLC boosted its stake in Trex by 1,212.8% during the fourth quarter. Avior Wealth Management LLC now owns 512 shares of the construction company's stock valued at $35,000 after buying an additional 473 shares in the last quarter. Huntington National Bank grew its holdings in Trex by 227.2% during the fourth quarter. Huntington National Bank now owns 566 shares of the construction company's stock worth $39,000 after acquiring an additional 393 shares during the period. Finally, Eagle Bay Advisors LLC bought a new stake in Trex in the fourth quarter worth about $41,000. Institutional investors and hedge funds own 95.96% of the company's stock.

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.