Trex (TREX) Stock Price, News & Analysis

Company Overview

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. The company also provides Trex Transcend Railing products that are used in Trex decking products and other decking materials; Trex Select Railing products for a simple clean finished look; Trex Enhance Railing system; Trex Signature aluminum railing for a contemporary look; and Trex Select T-Rail railing products. In addition, it offers Trex Seclusions, a fencing product that includes structural posts, bottom and top rails, pickets, and decorative post caps. Further, the company acts as a licensor in various licensing agreements with third parties to manufacture and sell products under the Trex name, including Trex Outdoor Furniture; Trex RainEscape, an above joist deck drainage system; Trex Pergola, a cellular PVC product; Trex Latticeworks outdoor lattice boards; Trex Cornhole boards; Diablo Trex Blade, a saw blade for wood-alternative composite decking; Trex SpiralStairs and structural steel posts; and Trex Outdoor Kitchens, cabinetry, and Storage products. It sells its products through wholesale distributors, retail lumber dealers, and Home Depot and Lowe's stores. Trex Company, Inc. was founded in 1996 and is headquartered in Winchester, Virginia.

Key Stats

• Today's Range: $67.57 to $68.95
• 50-Day Range: $62.86 to $74.43
• 52-Week Range: $58.68 to $101.91
• Volume: 978,688 shs
• Average Volume: 1.66 million shs
• Market Capitalization: $7.38 billion
• P/E Ratio: 31.45
• Dividend Yield: N/A
• Price Target: $79.94
• Consensus Rating: Hold

Trex Stock Analysis - MarketRank™

Trex scored higher than 65% of companies evaluated by MarketBeat, and ranked 64th out of 102 stocks in the construction sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

Analyst's Opinion

• Score: 3.1 / 5
• Analyst Rating: Hold

Consensus Rating

Trex has received a consensus rating of Hold. The company's average rating score is 2.29, and is based on 6 buy ratings, 10 hold ratings, and 1 sell rating.

Amount of Analyst Coverage

Trex has been the subject of 5 research reports in the past 90 days, demonstrating strong analyst interest in this stock.

Earnings and Valuation

• Score: 1.9 / 5
• Proj. Earnings Growth: 7.32%

Earnings Growth

Earnings for Trex are expected to grow by 7.32% in the coming year, from $2.05 to $2.20 per share.

Price to Earnings Ratio vs. the Market

The P/E ratio of Trex is 31.45, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 134.38.

Price to Earnings Ratio vs. Sector

The P/E ratio of Trex is 31.45, which means that it is trading at a more expensive P/E ratio than the Construction sector average P/E ratio of about 29.79.

Price to Earnings Growth Ratio

Trex has a PEG Ratio of 3.10. PEG Ratios above 1 indicate that a company could be overvalued.

Price to Book Value per Share Ratio

Trex has a P/B Ratio of 10.44. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities.

Short Interest

• Score: 2.0 / 5
• Short Interest Level: Bearish

Percentage of Shares Shorted

4.80% of the float of Trex has been sold short.

Short Interest Ratio / Days to Cover

Trex has a short interest ratio ("days to cover") of 4.1.

Change versus previous month

Short interest in Trex has recently increased by 2.20%, indicating that investor sentiment is decreasing.

Dividend

• Score: 0.0 / 5
• Dividend Strength: N/A

Dividend Yield

Trex does not currently pay a dividend.

Dividend Growth

Trex does not have a long track record of dividend growth.

Sustainability and ESG

• Score: N/A
• Environmental Score: N/A

Percentage of Shares Shorted

4.80% of the float of Trex has been sold short.

Short Interest Ratio / Days to Cover

Trex has a short interest ratio ("days to cover") of 4.1.

Change versus previous month

Short interest in Trex has recently increased by 2.20%, indicating that investor sentiment is decreasing.

News and Social Media

• Score: 2.0 / 5
• News Sentiment: 0.65

News Sentiment

Trex has a news sentiment score of 0.65. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a lower news sentiment than the 0.82 average news sentiment score of Construction companies.

News Coverage This Week

MarketBeat has tracked 18 news articles for Trex this week, compared to 9 articles on an average week.

Search Interest

Only 2 people have searched for TREX on MarketBeat in the last 30 days. This is a decrease of -50% compared to the previous 30 days.

MarketBeat Follows

Only 1 people have added Trex to their MarketBeat watchlist in the last 30 days. This is a decrease of -75% compared to the previous 30 days.

Company Ownership

• Score: 3.3 / 5
• Insider Trading: Acquiring Shares

Insider Buying vs. Insider Selling

In the past three months, Trex insiders have bought more of their company's stock than they have sold. Specifically, they have bought $2,433.00 in company stock and sold $0.00 in company stock.

Percentage Held by Insiders

Only 0.71% of the stock of Trex is held by insiders.

Percentage Held by Institutions

95.96% of the stock of Trex is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

TREX Stock Analysis - Frequently Asked Questions

How have TREX shares performed this year?

Trex's stock was trading at $82.79 at the beginning of 2024. Since then, TREX shares have decreased by 16.8% and is now trading at $68.88.
View the best growth stocks for 2024 here.

How were Trex's earnings last quarter?

Trex Company, Inc. (NYSE:TREX) posted its quarterly earnings results on Monday, October, 28th. The construction company reported $0.37 EPS for the quarter, beating the consensus estimate of $0.32 by $0.05. The business's quarterly revenue was down 23.1% on a year-over-year basis.

When did Trex's stock split?

Trex's stock split before market open on Monday, September 14th 2020. The 2-1 split was announced on Monday, August 3rd 2020. The newly created shares were distributed to shareholders after the closing bell on Friday, September 11th 2020. An investor that had 100 shares of stock prior to the split would have 200 shares after the split.

Who are Trex's major shareholders?

Top institutional investors of Trex include Wasatch Advisors LP (3.80%), State Street Corp (2.97%), Bamco Inc. NY (1.89%) and Conestoga Capital Advisors LLC (1.79%). Insiders that own company stock include Jacob T Rudolph and Michael F Golden.
View institutional ownership trends.

How do I buy shares of Trex?

Shares of TREX stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

What other stocks do shareholders of Trex own?

Based on aggregate information from My MarketBeat watchlists, some other companies that Trex investors own include NVIDIA (NVDA), Meta Platforms (META), Advanced Micro Devices (AMD), Tesla (TSLA), PayPal (PYPL), Invesco QQQ (QQQ) and Netflix (NFLX).

Company Calendar

• Last Earnings: 10/28/2024
• Today: 11/21/2024
• Fiscal Year End: 12/31/2024
• Next Earnings (Estimated): 2/24/2025

Industry, Sector and Symbol

• Stock Exchange: NYSE
• Sector: Construction
• Industry: Lumber & wood products, except furniture
• Sub-Industry: Building Products
• Current Symbol: NYSE:TREX
• CUSIP: 89531P10
• CIK: 1069878
• Web: www.trex.com
• Phone: (540) 542-6300
• Fax: 540-678-1820
• Employees: 1,765
• Year Founded: 1996

Price Target and Rating

• Average Stock Price Target: $79.94
• High Stock Price Target: $100.00
• Low Stock Price Target: $67.00
• Potential Upside/Downside: +16.1%
• Consensus Rating: Hold
• Rating Score (0-4): 2.29
• Research Coverage: 17 Analysts

Profitability

• EPS (Most Recent Fiscal Year): $2.19
• Trailing P/E Ratio: 31.45
• Forward P/E Ratio: 33.60
• P/E Growth: 3.1
• Net Income: $205.38 million
• Net Margins: 20.23%
• Pretax Margin: 27.20%
• Return on Equity: 28.89%
• Return on Assets: 20.03%

Debt

• Debt-to-Equity Ratio: N/A
• Current Ratio: 1.40
• Quick Ratio: 0.66

Sales & Book Value

• Annual Sales: $1.18 billion
• Price / Sales: 6.26
• Cash Flow: $2.35 per share
• Price / Cash Flow: 29.32
• Book Value: $6.60 per share
• Price / Book: 10.44

Miscellaneous

• Outstanding Shares: 107,144,000
• Free Float: 106,383,000
• Market Cap: $7.38 billion
• Optionable: Optionable
• Beta: 1.49