Barclays Has Lowered Expectations for Trex (NYSE:TREX) Stock Price

Trex (NYSE:TREX - Get Free Report) had its price target lowered by investment analysts at Barclays from $67.00 to $54.00 in a research report issued on Tuesday,Benzinga reports. The firm presently has an "underweight" rating on the construction company's stock. Barclays's target price indicates a potential downside of 1.75% from the company's previous close.

A number of other research analysts have also weighed in on TREX. UBS Group reduced their price objective on Trex from $76.00 to $74.00 and set a "neutral" rating for the company in a research report on Tuesday, February 25th. Deutsche Bank Aktiengesellschaft began coverage on Trex in a report on Tuesday, April 1st. They set a "buy" rating and a $85.00 price target for the company. Citigroup dropped their price target on shares of Trex from $84.00 to $78.00 and set a "neutral" rating on the stock in a research note on Monday, January 6th. Jefferies Financial Group reduced their price objective on shares of Trex from $81.00 to $71.00 and set a "hold" rating for the company in a research note on Tuesday, February 25th. Finally, JPMorgan Chase & Co. dropped their target price on shares of Trex from $79.00 to $73.00 and set a "neutral" rating on the stock in a research note on Wednesday, March 5th. Two analysts have rated the stock with a sell rating, nine have given a hold rating and seven have given a buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of "Hold" and an average price target of $77.18.

Trex Trading Up 0.0 %

Shares of TREX stock traded up $0.02 during mid-day trading on Tuesday, reaching $54.96. The stock had a trading volume of 2,135,919 shares, compared to its average volume of 1,288,281. The stock's 50-day moving average price is $60.36 and its two-hundred day moving average price is $66.94. The firm has a market capitalization of $5.89 billion, a PE ratio of 25.10, a price-to-earnings-growth ratio of 2.51 and a beta of 1.62. Trex has a 52-week low of $49.01 and a 52-week high of $94.00.

Trex (NYSE:TREX - Get Free Report) last issued its quarterly earnings data on Monday, February 24th. The construction company reported $0.09 EPS for the quarter, topping the consensus estimate of $0.04 by $0.05. Trex had a net margin of 20.23% and a return on equity of 28.89%. The business had revenue of $167.63 million during the quarter, compared to analyst estimates of $160.54 million. On average, equities research analysts forecast that Trex will post 2.04 earnings per share for the current year.

Insider Activity at Trex

In related news, Director Melkeya Mcduffie sold 1,420 shares of the firm's stock in a transaction that occurred on Friday, February 28th. The shares were sold at an average price of $61.88, for a total value of $87,869.60. Following the transaction, the director now owns 1,705 shares of the company's stock, valued at approximately $105,505.40. This trade represents a 45.44 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. 0.71% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in the business. Wilmington Savings Fund Society FSB purchased a new stake in shares of Trex in the 3rd quarter worth $30,000. Mather Group LLC. grew its holdings in Trex by 73.5% during the fourth quarter. Mather Group LLC. now owns 451 shares of the construction company's stock valued at $31,000 after purchasing an additional 191 shares during the period. Avior Wealth Management LLC increased its position in Trex by 1,212.8% in the fourth quarter. Avior Wealth Management LLC now owns 512 shares of the construction company's stock worth $35,000 after buying an additional 473 shares in the last quarter. Huntington National Bank raised its stake in shares of Trex by 227.2% in the fourth quarter. Huntington National Bank now owns 566 shares of the construction company's stock worth $39,000 after buying an additional 393 shares during the period. Finally, Eagle Bay Advisors LLC purchased a new position in shares of Trex during the 4th quarter valued at about $41,000. 95.96% of the stock is currently owned by institutional investors.

Trex Company Profile

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.