Trex Company, Inc. (NYSE:TREX) Receives Consensus Recommendation of "Hold" from Brokerages

Trex Company, Inc. (NYSE:TREX - Get Free Report) has received a consensus rating of "Hold" from the sixteen ratings firms that are currently covering the company, MarketBeat Ratings reports. One research analyst has rated the stock with a sell rating, nine have given a hold rating and six have given a buy rating to the company. The average 1-year price objective among brokerages that have issued ratings on the stock in the last year is $78.63.

A number of equities research analysts have weighed in on TREX shares. Benchmark reissued a "buy" rating and issued a $80.00 price target on shares of Trex in a report on Monday, March 3rd. Truist Financial cut their price objective on Trex from $100.00 to $90.00 and set a "buy" rating for the company in a research report on Tuesday, February 25th. Citigroup cut their target price on Trex from $84.00 to $78.00 and set a "neutral" rating on the stock in a research report on Monday, January 6th. UBS Group reduced their target price on Trex from $76.00 to $74.00 and set a "neutral" rating for the company in a report on Tuesday, February 25th. Finally, Jefferies Financial Group dropped their price target on Trex from $81.00 to $71.00 and set a "hold" rating on the stock in a research note on Tuesday, February 25th.

Insider Activity at Trex

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

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Institutional Trading of Trex

Hedge funds have recently bought and sold shares of the stock. Atria Investments Inc raised its stake in shares of Trex by 10.5% in the 3rd quarter. Atria Investments Inc now owns 7,210 shares of the construction company's stock valued at $480,000 after buying an additional 683 shares in the last quarter. First Horizon Advisors Inc. grew its holdings in shares of Trex by 8.8% in the 3rd quarter. First Horizon Advisors Inc. now owns 2,282 shares of the construction company's stock worth $152,000 after purchasing an additional 184 shares during the last quarter. Landscape Capital Management L.L.C. increased its holdings in shares of Trex by 339.9% during the third quarter. Landscape Capital Management L.L.C. now owns 76,545 shares of the construction company's stock worth $5,096,000 after buying an additional 59,145 shares in the last quarter. L & S Advisors Inc acquired a new stake in Trex during the 3rd quarter valued at $1,000,000. Finally, Charles Schwab Investment Management Inc. raised its holdings in shares of Trex by 3.2% in the third quarter. Charles Schwab Investment Management Inc. now owns 902,070 shares of the construction company's stock valued at $60,060,000 after buying an additional 27,992 shares during the last quarter. 95.96% of the stock is owned by institutional investors.

Trex Price Performance

Shares of TREX traded up $2.59 during trading hours on Friday, reaching $62.02. 3,571,686 shares of the company's stock traded hands, compared to its average volume of 1,186,186. Trex has a twelve month low of $52.75 and a twelve month high of $100.77. The business's fifty day simple moving average is $65.48 and its two-hundred day simple moving average is $68.04. The firm has a market capitalization of $6.65 billion, a price-to-earnings ratio of 28.32, a P/E/G ratio of 2.51 and a beta of 1.60.

Trex (NYSE:TREX - Get Free Report) last released its earnings results on Monday, February 24th. The construction company reported $0.09 EPS for the quarter, beating the consensus estimate of $0.04 by $0.05. The firm had revenue of $167.63 million for 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 research analysts expect that Trex will post 2.04 EPS for the current year.

About Trex

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.