Trex (NYSE:TREX) Upgraded at Wall Street Zen

Key Points

• Trex was upgraded by Wall Street Zen from a "sell" to a "hold," while the analyst community remains split (10 buys, 10 holds, 3 sells) giving a consensus rating of Hold and a consensus target price of $47.88.
• Trex beat Q4 estimates, reporting $0.04 EPS (vs. a -$0.01 estimate) and $161.13M revenue (vs. $144.39M expected), though revenue was down 3.9% year-over-year and margins remain strong (ROE 20.29%, net margin 16.22%).
• Shares opened at $38.84 (12‑month range $29.77–$68.78) with a market cap of $4.03B and a PE of 21.94, trading below the consensus target, and institutional investors own about 95.96% of the stock.

Trex (NYSE:TREX - Get Free Report) was upgraded by equities researchers at Wall Street Zen from a "sell" rating to a "hold" rating in a research report issued to clients and investors on Saturday.

Other equities analysts have also issued research reports about the company. Weiss Ratings reissued a "sell (d+)" rating on shares of Trex in a research note on Friday, March 27th. Zacks Research raised Trex from a "strong sell" rating to a "hold" rating in a research note on Tuesday, February 3rd. Benchmark lowered Trex from a "buy" rating to a "hold" rating in a research note on Wednesday, February 11th. Robert W. Baird set a $48.00 target price on Trex in a research note on Monday, January 12th. Finally, UBS Group increased their target price on Trex from $52.00 to $58.00 and gave the company a "buy" rating in a research note on Wednesday, February 25th. Ten equities research analysts have rated the stock with a Buy rating, ten have issued a Hold rating and three have given a Sell rating to the company's stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Hold" and a consensus target price of $47.88.

Trex Stock Down 0.9%

Shares of TREX opened at $38.84 on Friday. Trex has a 12-month low of $29.77 and a 12-month high of $68.78. The firm has a market capitalization of $4.03 billion, a PE ratio of 21.94, a price-to-earnings-growth ratio of 8.98 and a beta of 1.51. The stock's fifty day simple moving average is $39.00 and its 200-day simple moving average is $39.53.

Trex (NYSE:TREX - Get Free Report) last issued its quarterly earnings results on Tuesday, February 24th. The construction company reported $0.04 earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.01) by $0.05. Trex had a return on equity of 20.29% and a net margin of 16.22%.The business had revenue of $161.13 million for the quarter, compared to analyst estimates of $144.39 million. During the same quarter in the prior year, the firm posted $0.09 earnings per share. The firm's revenue for the quarter was down 3.9% compared to the same quarter last year. Analysts anticipate that Trex will post 1.63 EPS for the current year.

Hedge Funds Weigh In On Trex

Several hedge funds have recently added to or reduced their stakes in TREX. V Square Quantitative Management LLC bought a new stake in shares of Trex in the fourth quarter worth about $27,000. Steigerwald Gordon & Koch Inc. bought a new stake in shares of Trex in the third quarter worth about $31,000. Clearstead Trust LLC bought a new stake in shares of Trex in the fourth quarter worth about $33,000. Ascentis Independent Advisors bought a new stake in shares of Trex in the first quarter worth about $44,000. Finally, Eurizon Capital SGR S.p.A. bought a new stake in shares of Trex in the fourth quarter worth about $47,000. Institutional investors and hedge funds own 95.96% of the company's stock.

Trex Company Profile

Trex Company, Inc is a leading manufacturer of wood-alternative decking and railing systems designed for residential and commercial outdoor living environments. The company's core offerings feature composite decking products made from a proprietary blend of recycled wood fibers and plastic film, which deliver enhanced durability, resistance to rot and insect damage, and low maintenance compared to traditional wood. Trex also provides matching railing, lighting, fencing and cladding solutions that allow customers to create cohesive, high-performance outdoor spaces.

Trex's product portfolio is organized into multiple performance tiers, including premium, mid-range and value-oriented lines.

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