NYSE:TREX

Trex (TREX) Stock Forecast, Price & News

$63.23

-1.33 (-2.06%)

(As of 09/21/2023 ET)

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Today's Range: $62.54
▼
$63.96
50-Day Range: $63.23
▼
$75.96
52-Week Range: $38.68
▼
$76.05

Volume: 1.02 million shs
Average Volume: 823,203 shs
Market Capitalization: $6.86 billion

P/E Ratio: 48.27
Dividend Yield: N/A
Price Target: $75.94

Trex MarketRank™ Forecast

Analyst Rating: Hold
2.47 Rating Score
Upside/Downside: 20.1% Upside
$75.94 Price Target
Short Interest: Bearish
6.99% of Float Sold Short
Dividend Strength: N/A
Sustainability: N/A
News Sentiment: 1.03
Based on 9 Articles This Week
Insider Trading: N/A
Proj. Earnings Growth: 20.67%
From $1.79 to $2.16 Per Share

Overall MarketRank^™

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

2.24 out of 5 stars

Construction Sector

59th out of 101 stocks

Lumber & Wood Products, Except Furniture Industry

3rd out of 4 stocks

3.2

Analyst's Opinion

Consensus Rating
Trex has received a consensus rating of Hold. The company's average rating score is 2.47, and is based on 8 buy ratings, 6 hold ratings, and 1 sell rating.
Price Target Upside/Downside
According to analysts' consensus price target of $75.94, Trex has a forecasted upside of 20.1% from its current price of $63.23.
Amount of Analyst Coverage
Trex has been the subject of 14 research reports in the past 90 days, demonstrating strong analyst interest in this stock.

1.0

Short Interest

Percentage of Shares Shorted
6.99% of the float of Trex has been sold short.
Short Interest Ratio / Days to Cover
Trex has a short interest ratio ("days to cover") of 7.7.
Change versus previous month
Short interest in Trex has recently increased by 3.43%, indicating that investor sentiment is decreasing.

0.0

Dividend Strength

Dividend Yield
Trex does not currently pay a dividend.
Dividend Growth
Trex does not have a long track record of dividend growth.

N/A

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score
There is no current Upright™ data available for TREX.

2.8

News and Social Media Coverage

News Sentiment
Trex has a news sentiment score of 1.03. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a higher news sentiment than the 0.67 average news sentiment score of Construction companies.
News Coverage This Week
MarketBeat has tracked 9 news articles for Trex this week, compared to 5 articles on an average week.
Search Interest
Only 9 people have searched for TREX on MarketBeat in the last 30 days. This is a decrease of -10% compared to the previous 30 days.
MarketBeat Follows
Only 2 people have added Trex to their MarketBeat watchlist in the last 30 days. This is a decrease of -67% compared to the previous 30 days.

1.7

Company Ownership

Insider Buying vs. Insider Selling
In the past three months, Trex insiders have not sold or bought any company stock.
Percentage Held by Insiders
Only 0.71% of the stock of Trex is held by insiders.
Percentage Held by Institutions
96.42% of the stock of Trex is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

2.5

Earnings and Valuation

Earnings Growth
Earnings for Trex are expected to grow by 20.67% in the coming year, from $1.79 to $2.16 per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of Trex is 48.27, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 118.41.
Price to Earnings Ratio vs. Sector
The P/E ratio of Trex is 48.27, which means that it is trading at a more expensive P/E ratio than the Construction sector average P/E ratio of about 13.69.
Price to Earnings Growth Ratio
Trex has a PEG Ratio of 2.82. PEG Ratios above 1 indicate that a company could be overvalued.
Price to Book Value per Share Ratio
Trex has a P/B Ratio of 13.40. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities.

See Top Rated MarketRank™ Stocks Here

About Trex (NYSE:TREX) Stock

Trex Company, Inc. manufactures and distributes composite decking, railing, and outdoor living products and accessories for residential and commercial markets in the United States. The company operates in two segments, Trex Residential and Trex Commercial. It offers decking products under the names Trex Transcend, Trex Select, 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. The company also provides Trex Transcend Railing products that are used in Trex decking products and other decking materials; Trex Select Railing products for a simple clean finished look; Trex Enhance Railing system; and Trex Signature aluminum railing for a contemporary look. In addition, it offers Trex Seclusions, a fencing product that includes structural posts, bottom and top rails, pickets, and decorative post caps. In addition, it designs, engineers, and markets architectural and aluminum railing systems, and staging equipment and accessories for the commercial market, as well as sports stadiums and performing arts venues. Further, the company acts as a licensor in various licensing agreements with third parties to manufacture and sell products under the Trex name, including Trex Outdoor Furniture; Trex RainEscape, an above joist deck drainage system; Trex Pergola, a cellular PVC product; Trex Latticeworks outdoor lattice boards; Trex Cornhole boards; Diablo Trex Blade, a saw blade for wood-alternative composite decking; Trex SpiralStairs and structural steel posts; and Trex Outdoor Kitchens, Cabinetry, and Storage products. It sells its products through wholesale distributors, retail lumber dealers, and Home Depot and Lowe's stores, as well as through its direct sales staff, independent sales representatives, and bidding on projects. Trex Company, Inc. was founded in 1996 and is headquartered in Winchester, Virginia.

TREX Price History

30 days | 90 days | 365 days | Advanced Chart

TREX Stock News Headlines

September 21, 2023 | msn.com

$714K Brick-Front Colonial In Bel Air Boasts Screened Gazebo, Deck

September 21, 2023 | markets.businessinsider.com

Analysts Offer Insights on NA Companies: Target (TGT), Carrols Restaurant Group (TAST) and Trex Company (TREX)

September 22, 2023 | Edge On The Street (Ad)

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September 20, 2023 | cnbc.com

Trex CEO Bryan Fairbanks goes one-on-one with Jim Cramer

September 18, 2023 | finance.yahoo.com

Trex and Keep Arkansas Beautiful Awarded “Recycling Education Program of the Year”

September 18, 2023 | finance.yahoo.com

Trex Company (NYSE:TREX) Will Be Hoping To Turn Its Returns On Capital Around

September 18, 2023 | americanbankingnews.com

Trex Company, Inc. (NYSE:TREX) Given Consensus Rating of "Hold" by Analysts

September 17, 2023 | msn.com

Spacious And Sunny Colonial In Howell Is Move-In Ready

September 22, 2023 | Edge On The Street (Ad)

The Strategic Gold Play You Haven't Heard About

September 13, 2023 | finance.yahoo.com

Up More Than 60% in 2023, Is There Still Time to Buy This Phenomenal Stock?

September 12, 2023 | finance.yahoo.com

Trex's nearly $14 billion opportunity over the next 5 years

September 12, 2023 | finance.yahoo.com

Zacks Industry Outlook Highlights Weyerhaeuser, Trex Company and Boise Cascade

September 11, 2023 | finance.yahoo.com

Bull of the Day: Trex (TREX)

September 11, 2023 | finance.yahoo.com

Top 3 Stocks to Buy on Prospering Wood Industry Trends

September 9, 2023 | msn.com

B. Riley Securities Maintains TREX (TREX) Buy Recommendation

September 9, 2023 | msn.com

Stephens & Co. Reiterates TREX (TREX) Overweight Recommendation

September 8, 2023 | markets.businessinsider.com

Analysts Offer Insights on NA Companies: Funko (FNKO) and Trex Company (TREX)

September 7, 2023 | msn.com

Lovely Laurel Home Features Soaring 2-Story Foyer, Trex Deck Out Back

September 7, 2023 | finance.yahoo.com

Trex Company Hosts Investor Day in New York

September 7, 2023 | msn.com

Eat-In Kitchen, Trex Deck Featured At Old Town Alexandria Townhouse

September 5, 2023 | msn.com

Trex: Premium Is Too High, Stay On The Sidelines For Now

September 2, 2023 | msn.com

Arkansas company and Trex celebrate 1 year of eco-friendly collaboration: Over a million pounds of packaging recycled

September 1, 2023 | msn.com

$980K Ellicott City Home Sits On 1+ Acre In Marriotts Ridge District

August 31, 2023 | msn.com

TREX (TREX) Price Target Increased by 9.61% to 77.83

August 30, 2023 | detroitnews.com

Michigan businesses cry foul over requests to fund cleanup at Detroit waste site

August 29, 2023 | finance.yahoo.com

Trex Company Launches New Community Recycling Challenge

August 23, 2023 | msn.com

Rarely Available Falls Church Home Has Second Kitchenette

See More Headlines

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TREX Company Calendar

Last Earnings: 7/31/2023
Today: 9/22/2023
Next Earnings (Estimated): 10/30/2023
Fiscal Year End: 12/31/2023

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Industry, Sector and Symbol

Stock Exchange: NYSE
Industry: Lumber & wood products, except furniture
Sub-Industry: Building Products
Sector: Construction
Current Symbol: NYSE:TREX
CUSIP: 89531P10
CIK: 1069878
Web: www.trex.com
Phone: (540) 542-6300
Fax: 540-678-1820
Employees: 1,636
Year Founded: 1996

Price Target and Rating

Average Stock Price Forecast: $75.94
High Stock Price Forecast: $87.00
Low Stock Price Forecast: $58.00
Forecasted Upside/Downside: +20.1%
Consensus Rating: Hold
Rating Score (0-4): 2.47
Research Coverage: 15 Analysts

Profitability

EPS (Most Recent Fiscal Year): $1.31
Trailing P/E Ratio: 48.27
Forward P/E Ratio: 35.32
P/E Growth: 2.86
Net Income: $184.63 million
Net Margins: 14.62%
Pretax Margin: 19.72%
Return on Equity: 28.15%
Return on Assets: 15.98%

Debt

Debt-to-Equity Ratio: N/A
Current Ratio: 1.14
Quick Ratio: 0.92

Sales & Book Value

Annual Sales: $975.82 million
Price / Sales: 7.03
Cash Flow: $2.16 per share
Price / Cash Flow: 29.30
Book Value: $4.72 per share
Price / Book: 13.40

Miscellaneous

Outstanding Shares: 108,563,000
Free Float: 107,792,000
Market Cap: $6.86 billion
Optionable: Optionable
Beta: 1.50

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Key Executives

Mr. Bryan Horix Fairbanks (Age 53)
Interim CFO, Pres, CEO & Director
Comp: $755.72k

Mr. Adam Dante Zambanini (Age 46)
Pres of Trex Residential Products
Comp: $927.7k

Amy M. Fernandez
VP, Gen. Counsel & Sec.

Ms. S. Leslie Adkins
VP of Marketing & ESG Devel.

Jacob T. Rudolph
VP of HR

Viktoriia Nakhla
AdvisIRy Partner

Key Competitors

View All Competitors

Institutional Ownership

View All Institutional Transactions

TREX Stock - Frequently Asked Questions

Should I buy or sell Trex stock right now?: 15 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Trex in the last twelve months. There are currently 1 sell rating, 6 hold ratings and 8 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "hold" TREX shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in TREX, but not buy additional shares or sell existing shares.
View TREX analyst ratings or view top-rated stocks.
What is Trex's stock price forecast for 2023?: 15 equities research analysts have issued twelve-month price objectives for Trex's shares. Their TREX share price forecasts range from $58.00 to $87.00. On average, they anticipate the company's share price to reach $75.94 in the next twelve months. This suggests a possible upside of 20.1% from the stock's current price.
View analysts price targets for TREX or view top-rated stocks among Wall Street analysts.
How have TREX shares performed in 2023?: Trex's stock was trading at $42.33 at the beginning of the year. Since then, TREX stock has increased by 49.4% and is now trading at $63.23.
View the best growth stocks for 2023 here.
When is Trex's next earnings date?: The company is scheduled to release its next quarterly earnings announcement on Monday, October 30th 2023.
View our TREX earnings forecast.
How were Trex's earnings last quarter?: Trex Company, Inc. (NYSE:TREX) released its quarterly earnings results on Monday, July, 31st. The construction company reported $0.71 EPS for the quarter, topping analysts' consensus estimates of $0.54 by $0.17. The construction company had revenue of $356.54 million for the quarter, compared to analysts' expectations of $318.89 million. Trex had a trailing twelve-month return on equity of 28.15% and a net margin of 14.62%. The company's revenue was down 7.7% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.79 earnings per share.
What ETFs hold Trex's stock?: ETFs with the largest weight of Trex (NYSE:TREX) stock in their portfolio include AdvisorShares Focused Equity ETF (CWS), SPDR S&P Homebuilders ETF (XHB), JPMorgan Climate Change Solutions ETF (TEMP), Motley Fool Small-Cap Growth ETF (TMFS), JPMorgan Sustainable Consumption ETF (CIRC), MFAM Small-Cap Growth ETF (MFMS), Touchstone Climate Transition ETF (HEAT) and Pacer Lunt MidCap Multi-Factor Alternator ETF (PAMC).
When did Trex's stock split?: Trex shares split on the morning of Monday, September 14th 2020. The 2-1 split was announced on Monday, August 3rd 2020. The newly created shares were payable to shareholders after the closing bell on Friday, September 11th 2020. An investor that had 100 shares of stock prior to the split would have 200 shares after the split.
What guidance has Trex issued on next quarter's earnings?: Trex issued an update on its FY 2028 earnings guidance on Thursday, September, 7th. The company provided earnings per share (EPS) guidance of for the period. The company issued revenue guidance of $1.80 billion-$1.90 billion.

What is Bryan Fairbanks' approval rating as Trex's CEO?: 4 employees have rated Trex Chief Executive Officer Bryan Fairbanks on Glassdoor.com. Bryan Fairbanks has an approval rating of 86% among the company's employees.
What other stocks do shareholders of Trex own?: Based on aggregate information from My MarketBeat watchlists, some companies that other Trex investors own include NVIDIA (NVDA), Block (SQ), Shopify (SHOP), Trade Desk (TTD), Walt Disney (DIS), Salesforce (CRM), Skyworks Solutions (SWKS), Tesla (TSLA), DocuSign (DOCU) and Mastercard (MA).
What is Trex's stock symbol?: Trex trades on the New York Stock Exchange (NYSE) under the ticker symbol "TREX."
Who are Trex's major shareholders?: Trex's stock is owned by a variety of retail and institutional investors. Top institutional shareholders include Bank Julius Baer & Co. Ltd Zurich (24.00%), BlackRock Inc. (12.29%), Wasatch Advisors LP (4.77%), Alliancebernstein L.P. (4.40%), Clearbridge Investments LLC (4.31%) and State Street Corp (3.21%). Insiders that own company stock include Adam Dante Zambanini, Bryan Horix Fairbanks, Dennis Charles Schemm, James E Cline, James E Cline, Jay M Gratz, Michael F Golden, Patricia B Robinson, Richard E Posey, William R Gupp and William R Gupp.
View institutional ownership trends.
How do I buy shares of Trex?: Shares of TREX stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
Compare Top Brokerages Here.
What is Trex's stock price today?: One share of TREX stock can currently be purchased for approximately $63.23.
How much money does Trex make?: Trex (NYSE:TREX) has a market capitalization of $6.86 billion and generates $975.82 million in revenue each year. The construction company earns $184.63 million in net income (profit) each year or $1.31 on an earnings per share basis.
How many employees does Trex have?: The company employs 1,636 workers across the globe.
How can I contact Trex?: Trex's mailing address is 160 EXETER DRIVE, WINCHESTER VA, 22603. The official website for the company is www.trex.com. The construction company can be reached via phone at (540) 542-6300 or via fax at 540-678-1820.

This page (NYSE:TREX) was last updated on 9/22/2023 by MarketBeat.com Staff

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