Trex Company Company Profile (NYSE:TREX)

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

Shares of Trex Company split before market open on Thursday, May 8th 2014. The 2-1 split was announced on Monday, February 24th 2014. The newly created shares were distributed to shareholders after the closing bell on Wednesday, May 7th 2014. An investor that had 100 shares of Trex Company stock prior to the split would have 200 shares after the split.

Trex Company announced that its Board of Directors has initiated a share buyback program on Friday, April 7th 2017, which authorizes the company to buyback 2,960,000 outstanding shares, according to EventVestor. This buyback authorization authorizes the company to purchase shares of its stock through open market purchases. Shares buyback programs are generally an indication that the company's management believes its stock is undervalued.

Trex Company, Inc. (NYSE:TREX) announced its quarterly earnings results on Thursday, May, 4th. The company reported $0.95 earnings per share for the quarter, beating the Zacks' consensus estimate of $0.88 by $0.07. The business had revenue of $144.80 million for the quarter, compared to the consensus estimate of $144.26 million. Trex Company had a return on equity of 61.02% and a net margin of 14.35%. The firm's quarterly revenue was up 9.9% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.79 EPS. View Trex Company's Earnings History.

Trex Company is scheduled to release their next quarterly earnings announcement on Monday, July, 31st 2017. View Earnings Estimates for Trex Company.

6 brokers have issued 12 month target prices for Trex Company's stock. Their forecasts range from $58.00 to $74.00. On average, they anticipate Trex Company's share price to reach $67.75 in the next year. View Analyst Ratings for Trex Company.

Here are some recent quotes from research analysts about Trex Company stock:

• 1. According to Zacks Investment Research, "Trex Company, Inc. is a manufacturer of wood-alternative decking and railing. Trex Company, Inc. is based in Winchester, United States. " (6/15/2017)
• 2. FBR & Co analysts commented, "We are adjusting our estimate for 2017 and introducing 2018 estimates following Trex's better-than-expected 4Q results on February 21. Revenue was ahead of management's guidance, and EPS were $0.43 (versus consensus of $0.41). Cost-cutting measures, relatively low raw material costs, and capacity utilization improvements from volume growth led to gross margins of 40% in 4Q16 and 41.1% (excluding a warranty charge in 3Q16) in 2016, which expanded more than 400 bps YOY in the quarter and the year. We calculate incremental gross margins of 90% in 2016, which are expected to normalize in the 45% to 50% range for 2017. We are raising our price target to $69 (from $61) and maintain our Market Perform rating based on the limited upside from the current share price." (2/28/2017)

Some companies that are related to Trex Company include EMCOR Group (EME), Floor & Decor Holdings (FND), JELD-WEN Holding (JELD), Rayonier (RYN), Louisiana-Pacific Corporation (LPX), MasTec (MTZ), Summit Materials (SUM), Dycom Industries (DY), Norbord (OSB), Armstrong World Industries (AWI), ABM Industries Incorporated (ABM), GCP Applied Technologies (GCP), KBR (KBR), Simpson Manufacturing Company (SSD), TRI Pointe Group (TPH), TopBuild Corp. (BLD), Potlatch Corporation (PCH) and AAON (AAON).

Trex Company's management team includes the folowing people:

• Ronald W. Kaplan, Chairman of the Board
• James E. Cline, President, Chief Executive Officer, Director
• Bryan Horix Fairbanks, Chief Financial Officer, Vice President
• William R. Gupp, Senior Vice President, General Counsel, Secretary
• Jay T. Scripter, Vice President - Operations
• Christopher Paul Gerhard, Vice President - Sales
• Adam D. Zambanini, Vice President - Marketing
• Frank H. Merlotti Jr., Lead independent Director
• Michael F. Golden, Independent Director
• Jay M. Gratz, Independent Director

Trex Company's stock is owned by a number of of retail and institutional investors. Top institutional investors include BlackRock Inc. (12.69%), Vanguard Group Inc. (11.11%), Clearbridge Investments LLC (6.25%), Barrow Hanley Mewhinney & Strauss LLC (3.76%), Janus Capital Management LLC (3.17%) and Dimensional Fund Advisors LP (3.08%). Company insiders that own Trex Company stock include Adam Dante Zambanini, Christopher Paul Gerhard, F Timothy Reese, Frank H Merlotti Jr, Frank H Merlotti, Jr, James E Cline, Jay M Gratz, Jay T Scripter, Patricia B Robinson, Richard E Posey, Ronald W Kaplan and William R Gupp. View Institutional Ownership Trends for Trex Company.

Trex Company's stock was sold by a variety of institutional investors in the last quarter, including Kalmar Investments Inc. DE, Janus Capital Management LLC, Macquarie Group Ltd., Gotham Asset Management LLC, Ameriprise Financial Inc., Barrow Hanley Mewhinney & Strauss LLC, New Amsterdam Partners LLC NY and Dimensional Fund Advisors LP. Company insiders that have sold Trex Company stock in the last year include Adam Dante Zambanini, Christopher Paul Gerhard, Frank H Merlotti Jr, James E Cline, Jay M Gratz, Patricia B Robinson, Richard E Posey and William R Gupp. View Insider Buying and Selling for Trex Company.

Trex Company's stock was bought by a variety of institutional investors in the last quarter, including BlackRock Inc., Clearbridge Investments LLC, Vanguard Group Inc., Massachusetts Financial Services Co. MA, JPMorgan Chase & Co., Prudential Financial Inc., 1060 Capital LLC and State Street Corp. View Insider Buying and Selling for Trex Company.

Shares of Trex Company can be purchased through any online brokerage account. Popular online brokerages include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.

One share of Trex Company stock can currently be purchased for approximately $67.89.