Trex Company, Inc. (NYSE:TREX) Receives $79.81 Consensus Price Target from Analysts

Trex Company, Inc. (NYSE:TREX - Get Free Report) has been given a consensus recommendation of "Hold" by the sixteen research firms that are currently covering the company, MarketBeat.com reports. One investment analyst has rated the stock with a sell rating, nine have assigned a hold rating and six have given a buy rating to the company. The average 12 month price target among brokerages that have issued ratings on the stock in the last year is $78.38.

Several research firms have recently issued reports on TREX. UBS Group dropped their price objective on shares of Trex from $76.00 to $74.00 and set a "neutral" rating on the stock in a report on Tuesday. Bank of America cut their target price on shares of Trex from $85.00 to $79.00 and set a "buy" rating on the stock in a research report on Tuesday. Jefferies Financial Group decreased their target price on Trex from $81.00 to $71.00 and set a "hold" rating for the company in a research note on Tuesday. DA Davidson reissued a "neutral" rating and issued a $74.00 price objective on shares of Trex in a report on Tuesday. Finally, Truist Financial decreased their target price on Trex from $100.00 to $90.00 and set a "buy" rating on the stock in a research report on Tuesday.

Institutional Trading of Trex

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Wilmington Savings Fund Society FSB purchased a new position in shares of Trex during the third quarter worth approximately $30,000. Mather Group LLC. raised its position in Trex by 73.5% in 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 raised its position in shares of Trex by 1,212.8% in the 4th quarter. Avior Wealth Management LLC now owns 512 shares of the construction company's stock valued at $35,000 after purchasing an additional 473 shares in the last quarter. Huntington National Bank increased its stake in Trex by 227.2% during the fourth quarter. Huntington National Bank now owns 566 shares of the construction company's stock valued at $39,000 after purchasing an additional 393 shares during the last quarter. Finally, Eagle Bay Advisors LLC acquired a new stake in shares of Trex in the fourth quarter valued at approximately $41,000. 95.96% of the stock is currently owned by hedge funds and other institutional investors.

Trex Trading Down 2.0 %

Trex stock traded down $1.26 during mid-day trading on Monday, reaching $60.30. The company's stock had a trading volume of 1,651,502 shares, compared to its average volume of 1,347,813. The business has a 50 day moving average price of $69.34 and a 200-day moving average price of $68.69. The firm has a market cap of $6.46 billion, a price-to-earnings ratio of 27.53, a PEG ratio of 2.51 and a beta of 1.51. Trex has a twelve month low of $58.68 and a twelve month high of $100.77.

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

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.