Trex's (TREX) "Hold (C-)" Rating Reaffirmed at Weiss Ratings

Key Points

• Trex's stock has been reaffirmed with a "Hold (C-)" rating by Weiss Ratings, despite varying ratings from other analysts including a "neutral" and "outperform" status.
• The stock is trading around $53.57 as of Wednesday, with a 52-week range from $49.01 to $80.74 and a market capitalization of $5.74 billion.
• In its latest quarterly earnings, Trex reported $0.74 EPS, surpassing estimates, along with a revenue increase of 3.0% year-over-year to $387.80 million.

Trex (NYSE:TREX - Get Free Report)'s stock had its "hold (c-)" rating restated by investment analysts at Weiss Ratings in a research report issued on Wednesday,Weiss Ratings reports.

A number of other equities research analysts have also weighed in on the stock. DA Davidson set a $65.00 price objective on shares of Trex and gave the company a "neutral" rating in a report on Tuesday, August 5th. Robert W. Baird raised shares of Trex from a "neutral" rating to an "outperform" rating and raised their price objective for the company from $65.00 to $75.00 in a research note on Thursday, July 10th. UBS Group reaffirmed a "neutral" rating and issued a $74.00 price target (up from $72.00) on shares of Trex in a report on Tuesday, August 5th. Loop Capital reissued a "hold" rating and issued a $66.00 price objective on shares of Trex in a research note on Tuesday, August 5th. Finally, Wall Street Zen raised Trex from a "sell" rating to a "hold" rating in a research note on Saturday, August 9th. Two research analysts have rated the stock with a Strong Buy rating, six have given a Buy rating, eight have assigned a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, Trex presently has a consensus rating of "Moderate Buy" and a consensus target price of $71.93.

Trex Stock Performance

TREX stock traded up $0.95 during midday trading on Wednesday, reaching $53.57. 1,118,048 shares of the company's stock traded hands, compared to its average volume of 1,632,046. Trex has a 52 week low of $49.01 and a 52 week high of $80.74. The company has a 50-day moving average price of $59.30 and a two-hundred day moving average price of $58.53. The firm has a market capitalization of $5.74 billion, a PE ratio of 30.97, a price-to-earnings-growth ratio of 2.19 and a beta of 1.49.

Trex (NYSE:TREX - Get Free Report) last issued its quarterly earnings data on Monday, August 4th. The construction company reported $0.74 EPS for the quarter, beating the consensus estimate 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 during 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 quarterly revenue was up 3.0% compared to the same quarter last year. Trex has set its Q3 2025 guidance at EPS. As a group, analysts predict that Trex will post 2.04 EPS for the current fiscal year.

Insider Buying and Selling at Trex

In related news, SVP Amy M. Fernandez sold 1,538 shares of the stock in a transaction that occurred on Wednesday, August 6th. The stock was sold at an average price of $64.18, for a total transaction of $98,708.84. Following the completion of the transaction, the senior vice president directly owned 22,953 shares of the company's stock, valued at approximately $1,473,123.54. This represents a 6.28% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 0.74% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the business. Price T Rowe Associates Inc. MD boosted its holdings in shares of Trex by 132.8% during the first quarter. Price T Rowe Associates Inc. MD now owns 7,297,863 shares of the construction company's stock worth $424,007,000 after purchasing an additional 4,163,014 shares during the period. Madison Asset Management LLC purchased a new stake in Trex in the first quarter worth approximately $109,852,000. Norges Bank purchased a new position in shares of Trex during the 2nd quarter worth $54,795,000. American Century Companies Inc. boosted its holdings in Trex by 66.1% in the 1st quarter. American Century Companies Inc. now owns 1,972,125 shares of the construction company's stock worth $114,580,000 after buying an additional 784,820 shares during the period. Finally, Wellington Management Group LLP bought a new stake in Trex in the 1st quarter valued at $39,646,000. 95.96% of the stock is owned by institutional investors.

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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