Trex Company, Inc. (NYSE:TREX - Free Report) - Equities researchers at DA Davidson dropped their FY2025 earnings per share (EPS) estimates for Trex in a research report issued on Wednesday, April 9th. DA Davidson analyst K. Yinger now expects that the construction company will post earnings of $2.20 per share for the year, down from their previous forecast of $2.21. DA Davidson has a "Neutral" rating and a $74.00 price target on the stock. The consensus estimate for Trex's current full-year earnings is $2.04 per share. DA Davidson also issued estimates for Trex's FY2026 earnings at $2.37 EPS.
A number of other equities research analysts also recently weighed in on the company. Deutsche Bank Aktiengesellschaft initiated coverage on Trex in a research report on Tuesday, April 1st. They set a "buy" rating and a $85.00 price target on the stock. UBS Group dropped their target price on Trex from $76.00 to $74.00 and set a "neutral" rating for the company in a research report on Tuesday, February 25th. Jefferies Financial Group cut their target price on Trex from $81.00 to $71.00 and set a "hold" rating for the company in a research note on Tuesday, February 25th. JPMorgan Chase & Co. decreased their price target on shares of Trex from $79.00 to $73.00 and set a "neutral" rating on the stock in a research note on Wednesday, March 5th. Finally, Barclays cut their price objective on shares of Trex from $67.00 to $54.00 and set an "underweight" rating for the company in a research note on Tuesday, April 8th. Two research analysts have rated the stock with a sell rating, nine have given a hold rating and seven have given a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and a consensus target price of $77.18.
Read Our Latest Analysis on TREX
Trex Stock Up 0.6 %
Shares of NYSE TREX traded up $0.31 during mid-day trading on Thursday, reaching $55.26. 2,414,570 shares of the company were exchanged, compared to its average volume of 1,296,508. Trex has a 52 week low of $49.01 and a 52 week high of $94.00. The company's 50 day moving average price is $60.36 and its 200 day moving average price is $66.94. The stock has a market capitalization of $5.92 billion, a PE ratio of 25.23, a PEG ratio of 2.51 and a beta of 1.62.
Trex (NYSE:TREX - Get Free Report) last announced its earnings results on Monday, February 24th. The construction company reported $0.09 earnings per share for the quarter, beating analysts' consensus estimates of $0.04 by $0.05. Trex had a net margin of 20.23% and a return on equity of 28.89%. The business had revenue of $167.63 million for the quarter, compared to the consensus estimate of $160.54 million.
Hedge Funds Weigh In On Trex
A number of hedge funds and other institutional investors have recently made changes to their positions in TREX. Wilmington Savings Fund Society FSB purchased a new position in Trex during the 3rd quarter valued at $30,000. Mather Group LLC. raised its stake in Trex by 73.5% in the fourth quarter. Mather Group LLC. now owns 451 shares of the construction company's stock worth $31,000 after buying an additional 191 shares in the last quarter. Avior Wealth Management LLC boosted its position in Trex by 1,212.8% during the 4th quarter. Avior Wealth Management LLC now owns 512 shares of the construction company's stock valued at $35,000 after acquiring an additional 473 shares in the last quarter. Huntington National Bank boosted its position in shares of Trex by 227.2% during the fourth quarter. Huntington National Bank now owns 566 shares of the construction company's stock valued at $39,000 after purchasing an additional 393 shares in the last quarter. Finally, Eagle Bay Advisors LLC purchased a new stake in shares of Trex in the 4th quarter worth about $41,000. Institutional investors own 95.96% of the company's stock.
Insider Buying and Selling
In other Trex news, Director Melkeya Mcduffie sold 1,420 shares of the stock in a transaction that occurred on Friday, February 28th. The stock was sold at an average price of $61.88, for a total value of $87,869.60. Following the completion of the sale, the director now owns 1,705 shares in the company, valued at approximately $105,505.40. This trade represents a 45.44 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. 0.71% of the stock is owned by insiders.
Trex Company Profile
(
Get Free Report)
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.
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