UBS Group Has Lowered Expectations for Trex (NYSE:TREX) Stock Price

Trex (NYSE:TREX - Get Free Report) had its price objective cut by analysts at UBS Group from $76.00 to $74.00 in a report issued on Tuesday,Benzinga reports. The firm currently has a "neutral" rating on the construction company's stock. UBS Group's target price points to a potential upside of 19.93% from the stock's previous close.

Several other equities analysts have also issued reports on the stock. DA Davidson lifted their price objective on shares of Trex from $70.00 to $74.00 and gave the company a "neutral" rating in a report on Tuesday, October 29th. Bank of America lowered their target price on shares of Trex from $85.00 to $79.00 and set a "buy" rating for the company in a research note on Tuesday. Citigroup lowered their target price on shares of Trex from $84.00 to $78.00 and set a "neutral" rating for the company in a research note on Monday, January 6th. StockNews.com downgraded shares of Trex from a "hold" rating to a "sell" rating in a research note on Tuesday, October 29th. Finally, Robert W. Baird raised their target price on shares of Trex from $70.00 to $78.00 and gave the company a "neutral" rating in a research note on Tuesday, October 29th. One equities research analyst has rated the stock with a sell rating, ten have issued a hold rating and six have given a buy rating to the company's stock. According to MarketBeat, Trex currently has an average rating of "Hold" and an average price target of $78.38.

Trex Stock Up 2.3 %

TREX stock traded up $1.38 during trading on Tuesday, hitting $61.71. 1,719,540 shares of the company's stock traded hands, compared to its average volume of 1,357,345. The firm has a market capitalization of $6.61 billion, a P/E ratio of 28.18, a PEG ratio of 2.51 and a beta of 1.51. The business has a fifty day simple moving average of $69.13 and a two-hundred day simple moving average of $68.64. Trex has a 1 year low of $58.68 and a 1 year high of $100.77.

Trex (NYSE:TREX - Get Free Report) last issued its quarterly earnings data on Monday, February 24th. The construction company reported $0.09 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.04 by $0.05. The company had revenue of $167.63 million for the quarter, compared to analyst estimates 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 predict that Trex will post 2.04 EPS for the current fiscal year.

Insider Activity at Trex

In related news, Director Melkeya Mcduffie sold 1,420 shares of the business's stock in a transaction on 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 transaction, the director now directly owns 1,705 shares in the company, valued at $105,505.40. The trade was a 45.44 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.71% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in TREX. Wilmington Savings Fund Society FSB purchased a new position in Trex in the third quarter valued at $30,000. Mather Group LLC. increased its holdings in Trex by 73.5% in the fourth quarter. Mather Group LLC. now owns 451 shares of the construction company's stock valued at $31,000 after buying an additional 191 shares in the last quarter. Avior Wealth Management LLC increased its holdings in Trex by 1,212.8% in the fourth quarter. Avior Wealth Management LLC now owns 512 shares of the construction company's stock valued at $35,000 after buying an additional 473 shares in the last quarter. Huntington National Bank increased its holdings 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 in the last quarter. Finally, Eagle Bay Advisors LLC purchased a new position in Trex in the fourth quarter valued at $41,000. 95.96% of the stock is currently owned by institutional investors and hedge funds.

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.