Trex (NYSE:TREX) Now Covered by Analysts at Vertical Research

Key Points

• Vertical Research has initiated coverage of Trex, giving the company's stock a "buy" rating, indicating positive market expectations for future performance.
• The stock has a current consensus rating of "Moderate Buy" from analysts, with an average price target set at $70.71.
• Trex recently reported stronger-than-expected quarterly earnings, with $0.74 earnings per share, surpassing analysts' estimates of $0.72.

Vertical Research assumed coverage on shares of Trex (NYSE:TREX - Get Free Report) in a research report issued to clients and investors on Monday,Briefing.com Automated Import reports. The firm set a "buy" rating on the construction company's stock.

Several other research analysts have also commented on TREX. Baird R W raised shares of Trex from a "hold" rating to a "strong-buy" rating in a report on Thursday, July 10th. Stifel Nicolaus set a $61.00 price target on shares of Trex and gave the company a "buy" rating in a report on Wednesday, October 8th. Wall Street Zen raised shares of Trex from a "sell" rating to a "hold" rating in a report on Saturday, August 9th. B. Riley raised shares of Trex to a "strong-buy" rating in a research note on Monday, July 21st. Finally, Robert W. Baird raised shares of Trex from a "neutral" rating to an "outperform" rating and boosted their target price for the company from $65.00 to $75.00 in a research note on Thursday, July 10th. Two equities research analysts have rated the stock with a Strong Buy rating, ten have given a Buy rating, eight have assigned a Hold rating and two have issued a Sell rating to the company's stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average target price of $70.71.

Trex Trading Down 0.9%

NYSE:TREX traded down $0.44 during trading hours on Monday, hitting $50.28. The stock had a trading volume of 1,228,758 shares, compared to its average volume of 1,625,261. The company has a market cap of $5.39 billion, a PE ratio of 29.06, a price-to-earnings-growth ratio of 2.12 and a beta of 1.49. The business has a 50 day simple moving average of $57.47 and a two-hundred day simple moving average of $58.11. Trex has a 1-year low of $49.01 and a 1-year high of $80.74.

Trex (NYSE:TREX - Get Free Report) last issued 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. The business had revenue of $387.80 million during the quarter, compared to analyst estimates of $377.49 million. Trex had a net margin of 16.53% and a return on equity of 21.27%. The business's revenue was up 3.0% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.80 earnings per share. Trex has set its Q3 2025 guidance at EPS. Research analysts expect that Trex will post 2.04 EPS for the current fiscal year.

Insider Activity

In other news, SVP Amy M. Fernandez sold 1,538 shares of the business's 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 sale, the senior vice president owned 22,953 shares in the company, valued at $1,473,123.54. The trade was a 6.28% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.74% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in the stock. CWM LLC increased its stake in Trex by 2,573.1% in the 3rd quarter. CWM LLC now owns 30,500 shares of the construction company's stock valued at $1,576,000 after buying an additional 29,359 shares during the period. Pacer Advisors Inc. acquired a new position in Trex in the 3rd quarter valued at approximately $731,000. Inspire Investing LLC increased its stake in Trex by 23.6% in the 3rd quarter. Inspire Investing LLC now owns 8,839 shares of the construction company's stock valued at $457,000 after buying an additional 1,686 shares during the period. Curbstone Financial Management Corp increased its stake in Trex by 4.1% in the 3rd quarter. Curbstone Financial Management Corp now owns 25,620 shares of the construction company's stock valued at $1,324,000 after buying an additional 1,000 shares during the period. Finally, Cape ANN Savings Bank acquired a new position in Trex in the 3rd quarter valued at approximately $203,000. Institutional investors and hedge funds own 95.96% of the company's stock.

About Trex

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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