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

Trex Company, Inc. (NYSE:TREX - Get Free Report) has been given an average rating of "Hold" by the seventeen research firms that are currently covering the firm, MarketBeat Ratings reports. One equities research analyst has rated the stock with a sell rating, ten have given a hold rating and six have issued a buy rating on the company. The average 12 month price objective among brokers that have covered the stock in the last year is $79.94.

Several research analysts have recently weighed in on TREX shares. Robert W. Baird boosted their price objective on shares of Trex from $70.00 to $78.00 and gave the company a "neutral" rating in a report on Tuesday, October 29th. Barclays decreased their target price on shares of Trex from $68.00 to $67.00 and set an "underweight" rating on the stock in a research note on Tuesday, October 29th. BMO Capital Markets boosted their price objective on Trex from $67.00 to $72.00 and gave the company a "market perform" rating in a research report on Tuesday, October 29th. Jefferies Financial Group dropped their target price on shares of Trex from $77.00 to $73.00 and set a "hold" rating for the company in a research report on Wednesday, October 9th. Finally, StockNews.com cut Trex from a "hold" rating to a "sell" rating in a report on Tuesday, October 29th.

Trex Trading Up 3.7 %

Trex stock traded up $2.84 on Wednesday, hitting $79.90. 2,548,506 shares of the stock traded hands, compared to its average volume of 1,033,461. The business's fifty day simple moving average is $70.11 and its 200 day simple moving average is $72.18. The firm has a market cap of $8.56 billion, a P/E ratio of 36.48, a price-to-earnings-growth ratio of 3.53 and a beta of 1.49. Trex has a 1 year low of $58.68 and a 1 year high of $101.91.

Trex (NYSE:TREX - Get Free Report) last announced its quarterly earnings data on Monday, October 28th. The construction company reported $0.37 earnings per share for the quarter, topping analysts' consensus estimates of $0.32 by $0.05. Trex had a net margin of 20.23% and a return on equity of 28.89%. The business had revenue of $233.72 million for the quarter, compared to analysts' expectations of $225.42 million. During the same quarter in the prior year, the company earned $0.57 earnings per share. The business's revenue was down 23.1% compared to the same quarter last year. As a group, analysts predict that Trex will post 2.05 earnings per share for the current year.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of TREX. Hantz Financial Services Inc. bought a new position in Trex during the 2nd quarter worth about $31,000. Wilmington Savings Fund Society FSB purchased a new stake in shares of Trex in the 3rd quarter worth approximately $30,000. Ashton Thomas Private Wealth LLC bought a new position in shares of Trex during the second quarter valued at approximately $44,000. Quarry LP increased its holdings in Trex by 576.4% during the second quarter. Quarry LP now owns 602 shares of the construction company's stock valued at $45,000 after buying an additional 513 shares during the period. Finally, UMB Bank n.a. raised its stake in Trex by 150.8% in the third quarter. UMB Bank n.a. now owns 652 shares of the construction company's stock worth $43,000 after buying an additional 392 shares in the last quarter. Institutional investors own 95.96% of the company's stock.

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.