Trex Company, Inc. (NYSE:TREX) Given Average Recommendation of "Hold" by Brokerages

Trex Company, Inc. (NYSE:TREX - Get Free Report) has been given a consensus rating of "Hold" by the seventeen ratings firms that are presently covering the company, Marketbeat Ratings reports. One analyst has rated the stock with a sell recommendation, eight have given a hold recommendation and eight have issued a buy recommendation on the company. The average 1 year price target among brokerages that have issued a report on the stock in the last year is $77.18.

Several analysts have commented on the company. Jefferies Financial Group dropped their price objective on Trex from $81.00 to $71.00 and set a "hold" rating on the stock in a report on Tuesday, February 25th. Barclays cut their price target on shares of Trex from $67.00 to $54.00 and set an "underweight" rating for the company in a report on Tuesday, April 8th. Truist Financial dropped their target price on shares of Trex from $100.00 to $90.00 and set a "buy" rating on the stock in a research report on Tuesday, February 25th. Citigroup reduced their price target on shares of Trex from $78.00 to $60.00 and set a "neutral" rating for the company in a research report on Friday, April 11th. Finally, BMO Capital Markets upgraded Trex from a "market perform" rating to an "outperform" rating and set a $72.00 price objective on the stock in a report on Thursday.

Insider Activity

In other Trex news, Director Melkeya Mcduffie sold 1,420 shares of Trex stock in a transaction dated Friday, February 28th. The shares were sold at an average price of $61.88, for a total transaction of $87,869.60. Following the completion of the sale, the director now directly owns 1,705 shares in the company, valued at $105,505.40. This trade represents a 45.44 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 0.71% of the company's stock.

Institutional Inflows and Outflows

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

Trex Price Performance

TREX traded up $2.23 on Tuesday, reaching $55.65. 1,699,428 shares of the stock were exchanged, compared to its average volume of 1,307,587. The company's 50-day moving average price is $59.02 and its 200 day moving average price is $66.60. The firm has a market capitalization of $5.97 billion, a PE ratio of 25.41, a PEG ratio of 2.51 and a beta of 1.62. Trex has a fifty-two week low of $49.01 and a fifty-two week high of $94.00.

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