William Blair Has Negative Estimate for Trex Q1 Earnings

Trex Company, Inc. (NYSE:TREX - Free Report) - Investment analysts at William Blair lowered their Q1 2025 earnings estimates for shares of Trex in a research note issued on Tuesday, February 25th. William Blair analyst R. Merkel now anticipates that the construction company will post earnings of $0.52 per share for the quarter, down from their prior estimate of $0.64. The consensus estimate for Trex's current full-year earnings is $2.04 per share. William Blair also issued estimates for Trex's Q2 2025 earnings at $0.78 EPS, FY2025 earnings at $2.21 EPS and FY2026 earnings at $2.57 EPS.

Several other equities analysts have also recently issued reports on TREX. UBS Group reduced their price target on shares of Trex from $76.00 to $74.00 and set a "neutral" rating on the stock in a research report on Tuesday, February 25th. StockNews.com upgraded shares of Trex from a "sell" rating to a "hold" rating in a research report on Tuesday, February 25th. Bank of America reduced their price target on shares of Trex from $85.00 to $79.00 and set a "buy" rating on the stock in a research report on Tuesday, February 25th. DA Davidson reiterated a "neutral" rating and set a $74.00 price target on shares of Trex in a research report on Tuesday, February 25th. Finally, Citigroup cut their price objective on shares of Trex from $84.00 to $78.00 and set a "neutral" rating on the stock in a report on Monday, January 6th. One research analyst has rated the stock with a sell rating, ten have given a hold rating and six have issued a buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus price target of $78.38.

Trex Stock Up 2.3 %

Shares of NYSE:TREX traded up $1.38 during midday trading on Thursday, hitting $61.71. 1,719,540 shares of the stock traded hands, compared to its average volume of 1,357,345. The stock has a market capitalization of $6.61 billion, a PE ratio of 28.18, a P/E/G ratio of 2.51 and a beta of 1.51. The business's 50 day moving average is $68.96 and its two-hundred day moving average is $68.70. Trex has a one year low of $58.68 and a one year high of $100.77.

Trex (NYSE:TREX - Get Free Report) last posted its quarterly earnings results on Monday, February 24th. The construction company reported $0.09 earnings per share for the quarter, topping the consensus estimate of $0.04 by $0.05. The business had revenue of $167.63 million during the quarter, compared to the consensus estimate of $160.54 million. Trex had a net margin of 20.23% and a return on equity of 28.89%.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in the business. Xponance Inc. raised its position in Trex by 0.7% in the fourth quarter. Xponance Inc. now owns 21,605 shares of the construction company's stock worth $1,491,000 after acquiring an additional 143 shares during the period. Principal Securities Inc. increased its stake in shares of Trex by 5.0% in the fourth quarter. Principal Securities Inc. now owns 3,082 shares of the construction company's stock worth $213,000 after purchasing an additional 147 shares in the last quarter. Pacer Advisors Inc. increased its stake in shares of Trex by 0.9% in the fourth quarter. Pacer Advisors Inc. now owns 15,970 shares of the construction company's stock worth $1,102,000 after purchasing an additional 148 shares in the last quarter. Harrington Investments INC increased its stake in shares of Trex by 1.8% in the fourth quarter. Harrington Investments INC now owns 9,106 shares of the construction company's stock worth $629,000 after purchasing an additional 159 shares in the last quarter. Finally, Bessemer Group Inc. increased its stake in shares of Trex by 9.1% in the fourth quarter. Bessemer Group Inc. now owns 2,034 shares of the construction company's stock worth $140,000 after purchasing an additional 170 shares in the last quarter. 95.96% of the stock is currently owned by institutional investors.

Insider Activity at Trex

In related news, Director Melkeya Mcduffie sold 1,420 shares of the stock in a transaction that occurred 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 transaction, the director now owns 1,705 shares in the company, valued at $105,505.40. This represents a 45.44 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 0.71% of the stock is owned by insiders.

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.