Trex - TREX Stock Forecast, Price & News

15 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Trex in the last year. There are currently 3 sell ratings, 6 hold ratings and 6 buy ratings for the stock. The consensus among Wall Street 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.
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15 equities research analysts have issued twelve-month target prices for Trex's stock. Their TREX share price forecasts range from $43.00 to $81.00. On average, they anticipate the company's stock price to reach $59.75 in the next twelve months. This suggests a possible upside of 27.2% from the stock's current price.
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Trex's stock was trading at $42.33 at the beginning of 2023. Since then, TREX shares have increased by 11.0% and is now trading at $46.99.
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The company is scheduled to release its next quarterly earnings announcement on Monday, May 8th 2023.
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Trex Company, Inc. (NYSE:TREX) announced its quarterly earnings data on Monday, February, 27th. The construction company reported $0.23 EPS for the quarter, beating analysts' consensus estimates of $0.22 by $0.01. The construction company earned $192.10 million during the quarter, compared to analysts' expectations of $185.46 million. Trex had a net margin of 16.69% and a trailing twelve-month return on equity of 32.97%. Trex's quarterly revenue was down 36.8% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.55 earnings per share.

ETFs with the largest weight of Trex (NYSE:TREX) stock in their portfolio include AdvisorShares Focused Equity ETF (CWS), MFAM Small-Cap Growth ETF (MFMS), Motley Fool Small-Cap Growth ETF (TMFS), iShares U.S. Home Construction ETF (ITB), AXS Green Alpha ETF (NXTE), JPMorgan Sustainable Consumption ETF (CIRC), Hoya Capital Housing ETF (HOMZ) and Direxion Daily Homebuilders & Supplies Bull 3x Shares (NAIL).

Trex's stock split before market open on Monday, September 14th 2020. The 2-1 split was announced on Monday, August 3rd 2020. The newly issued shares were distributed 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.

Trex issued an update on its first quarter 2023 earnings guidance on Monday, February, 27th. The company provided EPS guidance of for the period. The company issued revenue guidance of $230.00 million-$240.00 million, compared to the consensus revenue estimate of $242.45 million.

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 investors include Clearbridge Investments LLC (4.11%), Bamco Inc. NY (3.20%), Alliancebernstein L.P. (2.76%), Macquarie Group Ltd. (2.66%), William Blair Investment Management LLC (2.61%) and Geode Capital Management LLC (1.79%). 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 $46.99.

Trex (NYSE:TREX) has a market capitalization of $5.11 billion and generates $1.11 billion in revenue each year. The construction company earns $184.63 million in net income (profit) each year or $1.63 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.