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

Shares of Trex Company, Inc. (NYSE:TREX - Get Free Report) have received an average recommendation of "Hold" from the seventeen research firms that are currently covering the firm, MarketBeat reports. One research analyst has rated the stock with a sell recommendation, ten have given a hold recommendation and six have assigned a buy recommendation to the company. The average 1-year price target among analysts that have issued ratings on the stock in the last year is $79.94.

Several research analysts recently weighed in on TREX shares. Bank of America decreased their price objective on shares of Trex from $97.00 to $85.00 and set a "buy" rating on the stock in a research report on Wednesday, August 7th. Barclays lowered their price objective on shares of Trex from $68.00 to $67.00 and set an "underweight" rating on the stock in a research report on Tuesday, October 29th. DA Davidson upped their target price on shares of Trex from $70.00 to $74.00 and gave the stock a "neutral" rating in a research report on Tuesday, October 29th. Loop Capital cut Trex from a "buy" rating to a "hold" rating and reduced their target price for the company from $95.00 to $75.00 in a research note on Wednesday, August 7th. Finally, Robert W. Baird upped their price objective on Trex from $70.00 to $78.00 and gave the stock a "neutral" rating in a report on Tuesday, October 29th.

Trex Stock Performance

Trex stock traded down $2.55 during midday trading on Friday, reaching $68.23. 1,151,007 shares of the stock were exchanged, compared to its average volume of 1,022,596. Trex has a 52 week low of $58.68 and a 52 week high of $101.91. The firm has a market cap of $7.31 billion, a PE ratio of 31.16, a PEG ratio of 3.30 and a beta of 1.49. The company's fifty day moving average is $67.39 and its 200-day moving average is $74.08.

Trex (NYSE:TREX - Get Free Report) last posted its quarterly earnings data on Monday, October 28th. The construction company reported $0.37 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.32 by $0.05. The company had revenue of $233.72 million during the quarter, compared to analyst estimates of $225.42 million. Trex had a return on equity of 28.89% and a net margin of 20.23%. The firm's quarterly revenue was down 23.1% on a year-over-year basis. During the same quarter last year, the company earned $0.57 earnings per share. On average, sell-side analysts anticipate that Trex will post 2.05 earnings per share for the current fiscal year.

Institutional Trading of Trex

Several large investors have recently modified their holdings of TREX. Avantax Advisory Services Inc. grew its position in shares of Trex by 4.6% in the 1st quarter. Avantax Advisory Services Inc. now owns 3,950 shares of the construction company's stock worth $394,000 after buying an additional 173 shares during the last quarter. State Board of Administration of Florida Retirement System boosted its holdings in Trex by 4.8% in the first quarter. State Board of Administration of Florida Retirement System now owns 121,361 shares of the construction company's stock valued at $12,106,000 after acquiring an additional 5,568 shares in the last quarter. M&G Plc purchased a new position in Trex during the 1st quarter valued at $1,196,000. Jupiter Asset Management Ltd. bought a new position in Trex in the 1st quarter worth $10,519,000. Finally, Nicolet Advisory Services LLC lifted its position in shares of Trex by 30.3% in the 1st quarter. Nicolet Advisory Services LLC now owns 5,482 shares of the construction company's stock worth $526,000 after purchasing an additional 1,275 shares during the period. 95.96% of the stock is owned by institutional investors.

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.