Trex (TREX) Stock Forecast, Price & News

15 Wall Street 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 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.
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15 brokerages have issued 12-month price targets 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 18.2% from the stock's current price.
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Trex's stock was trading at $42.33 at the start of the year. Since then, TREX stock has increased by 51.8% and is now trading at $64.24.
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The company is scheduled to release its next quarterly earnings announcement on Monday, October 30th 2023.
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Trex Company, Inc. (NYSE:TREX) issued its quarterly earnings results on Monday, July, 31st. The construction company reported $0.71 EPS for the quarter, beating the consensus estimate of $0.54 by $0.17. The construction company earned $356.54 million during the quarter, compared to the consensus estimate of $318.89 million. Trex had a net margin of 14.62% and a trailing twelve-month return on equity of 28.15%. Trex's revenue was down 7.7% on a year-over-year basis. During the same period in the prior year, the business earned $0.79 EPS.

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).

Trex shares split on the morning of Monday, September 14th 2020. The 2-1 split was announced on Monday, August 3rd 2020. The newly minted shares were distributed to shareholders after the market closes on Friday, September 11th 2020. An investor that had 100 shares of stock prior to the split would have 200 shares after the split.

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.

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.

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).

Trex trades on the New York Stock Exchange (NYSE) under the ticker symbol "TREX."

Trex's stock is owned by many different 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.
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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.
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One share of TREX stock can currently be purchased for approximately $64.24.

Trex (NYSE:TREX) has a market capitalization of $6.97 billion and generates $1.11 billion 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.

The company employs 1,636 workers across the globe.

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.