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

Trex Company, Inc. (NYSE:TREX - Get Free Report) has been assigned a consensus rating of "Hold" from the sixteen analysts that are presently covering the stock, MarketBeat Ratings reports. One equities research analyst has rated the stock with a sell recommendation, nine have assigned a hold recommendation and six have given a buy recommendation to the company. The average 12-month price target among brokerages that have covered the stock in the last year is $79.94.

A number of equities analysts recently issued reports on TREX shares. Robert W. Baird raised their price objective on shares of Trex from $70.00 to $78.00 and gave the stock a "neutral" rating in a report on Tuesday, October 29th. Jefferies Financial Group dropped their price target on shares of Trex from $77.00 to $73.00 and set a "hold" rating on the stock in a research note on Wednesday, October 9th. DA Davidson upped their price objective on Trex from $70.00 to $74.00 and gave the stock a "neutral" rating in a research note on Tuesday, October 29th. StockNews.com downgraded Trex from a "hold" rating to a "sell" rating in a research report on Tuesday, October 29th. Finally, BMO Capital Markets boosted their price target on Trex from $67.00 to $72.00 and gave the company a "market perform" rating in a report on Tuesday, October 29th.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Wilmington Savings Fund Society FSB purchased a new stake in shares of Trex in the third quarter worth about $30,000. Ashton Thomas Private Wealth LLC purchased a new stake in shares of Trex during the 2nd quarter worth approximately $44,000. Quarry LP raised its holdings in shares of Trex by 576.4% during the 2nd quarter. Quarry LP now owns 602 shares of the construction company's stock worth $45,000 after acquiring an additional 513 shares in the last quarter. UMB Bank n.a. boosted its position in shares of Trex by 150.8% during the 3rd quarter. UMB Bank n.a. now owns 652 shares of the construction company's stock valued at $43,000 after acquiring an additional 392 shares during the last quarter. Finally, GAMMA Investing LLC grew its holdings in shares of Trex by 274.9% in the fourth quarter. GAMMA Investing LLC now owns 701 shares of the construction company's stock valued at $48,000 after purchasing an additional 514 shares in the last quarter. Institutional investors own 95.96% of the company's stock.

Trex Stock Up 1.7 %

TREX traded up $1.18 during mid-day trading on Friday, reaching $69.43. 418,561 shares of the company traded hands, compared to its average volume of 536,731. The stock has a market capitalization of $7.44 billion, a P/E ratio of 31.70, a P/E/G ratio of 3.50 and a beta of 1.49. Trex has a 52-week low of $58.68 and a 52-week high of $101.91. The company's fifty day moving average price is $72.60 and its 200-day moving average price is $70.71.

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