William Blair Comments on Trex's Q4 Earnings (NYSE:TREX)

Trex Company, Inc. (NYSE:TREX - Free Report) - Equities research analysts at William Blair increased their Q4 2024 earnings per share (EPS) estimates for shares of Trex in a research note issued to investors on Thursday, January 23rd. William Blair analyst R. Merkel now anticipates that the construction company will post earnings per share of $0.06 for the quarter, up from their prior forecast of $0.04. The consensus estimate for Trex's current full-year earnings is $2.05 per share. William Blair also issued estimates for Trex's Q1 2025 earnings at $0.64 EPS and Q4 2025 earnings at $0.26 EPS.

Trex (NYSE:TREX - Get Free Report) last posted its earnings results on Monday, October 28th. The construction company reported $0.37 EPS for the quarter, topping analysts' consensus estimates of $0.32 by $0.05. Trex had a return on equity of 28.89% and a net margin of 20.23%. The company had revenue of $233.72 million for the quarter, compared to the consensus estimate of $225.42 million. During the same period in the previous year, the business earned $0.57 earnings per share. Trex's quarterly revenue was down 23.1% compared to the same quarter last year.

A number of other equities research analysts have also issued reports on TREX. Citigroup lowered their target price on 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 Trex from a "hold" rating to a "sell" rating in a report on Tuesday, October 29th. BMO Capital Markets raised their price target on Trex from $67.00 to $72.00 and gave the stock a "market perform" rating in a report on Tuesday, October 29th. Jefferies Financial Group lowered their price target on Trex from $77.00 to $73.00 and set a "hold" rating on the stock in a research report on Wednesday, October 9th. Finally, Barclays decreased their target price on Trex from $68.00 to $67.00 and set an "underweight" rating on the stock in a report on Tuesday, October 29th. Two equities research analysts have rated the stock with a sell rating, nine have given a hold rating and six have given a buy rating to the company. Based on data from MarketBeat, the company has an average rating of "Hold" and a consensus target price of $79.81.

Trex Stock Performance

NYSE TREX traded up $0.60 during trading hours on Monday, hitting $74.32. 845,642 shares of the company's stock were exchanged, compared to its average volume of 971,213. The business's 50 day moving average is $72.20 and its 200-day moving average is $70.14. Trex has a 12-month low of $58.68 and a 12-month high of $101.91. The firm has a market capitalization of $7.96 billion, a P/E ratio of 33.94, a price-to-earnings-growth ratio of 3.06 and a beta of 1.50.

Institutional Investors Weigh In On Trex

Hedge funds have recently added to or reduced their stakes in the stock. L & S Advisors Inc purchased a new position in Trex during the third quarter worth $1,000,000. Algert Global LLC raised its stake in Trex by 81.3% in the third quarter. Algert Global LLC now owns 86,300 shares of the construction company's stock worth $5,746,000 after buying an additional 38,700 shares in the last quarter. Curi RMB Capital LLC lifted its stake in shares of Trex by 27.2% during the 3rd quarter. Curi RMB Capital LLC now owns 68,149 shares of the construction company's stock worth $4,537,000 after purchasing an additional 14,558 shares during the last quarter. Dynamic Technology Lab Private Ltd grew its position in shares of Trex by 237.6% in the 3rd quarter. Dynamic Technology Lab Private Ltd now owns 53,084 shares of the construction company's stock worth $3,534,000 after buying an additional 37,362 shares during the last quarter. Finally, Bank of Montreal Can grew its holdings in Trex by 147.5% in the second quarter. Bank of Montreal Can now owns 36,671 shares of the construction company's stock worth $2,718,000 after purchasing an additional 21,852 shares during the last quarter. 95.96% of the stock is currently owned by hedge funds and other 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.