• Fri. Jun 24th, 2022

Trex Company, Inc. (NYSE: TREX) Receives Average “Hold” Recommendation From Analysts

Shares of Trex Company, Inc. (NYSE: TREX) have earned a consensus recommendation of “Hold” from the thirteen rating companies that currently hedge the stock, reports Marketbeat Ratings. Seven investment analysts rated the stock with a keep recommendation and four gave the company a buy recommendation. The 1-year average price target among analysts who published a report on the stock in the past year is $ 116.58.

A number of equity research analysts have weighed on TREX stocks. DA Davidson raised its price target for Trex shares from $ 100.00 to $ 120.00 and rated the stock “neutral” in a report released on Tuesday, November 9. They noted that the move was an appraisal call. Robert W. Baird raised his price target for Trex stock from $ 108.00 to $ 120.00 and rated the stock “neutral” in a report released on Tuesday, November 9. BMO Capital Markets raised its price target for Trex stock from $ 98.00 to $ 105 and assigned the stock a “market performance” rating in a report released on Tuesday, November 9. B. Riley raised his price target for Trex stock from $ 108.00 to $ 121.00 and rated the stock “neutral” in a report released on Tuesday, November 9. They noted that the move was an appraisal call. Finally, Barclays raised its price target for Trex stock from $ 114.00 to $ 116.00 and gave the stock an “equal weight” rating in a report released on Tuesday, November 9.

NYSE TREX shares opened at $ 135.17 on Tuesday. Trex has a one-year low of $ 73.97 and a one-year high of $ 138.90. The company’s 50-day moving average is $ 114.20 and its 200-day moving average is $ 106.78. The stock has a market cap of $ 15.56 billion, a P / E ratio of 68.96 and a beta of 1.38.

(A d)

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Trex (NYSE: TREX) last reported quarterly results on Monday, November 8. The construction company reported earnings per share (EPS) of $ 0.64 for the quarter, beating the consensus estimate of $ 0.58 by $ 0.06. The company posted revenue of $ 335.87 million for the quarter, compared to $ 326.01 million expected by analysts. Trex had a net margin of 20.21% and a return on equity of 35.57%. Trex’s quarterly revenue grew 45.1% year-over-year. In the same quarter of the previous year, the company achieved earnings per share of $ 0.41. On average, equity analysts expect Trex to post EPS of 2.1 for the current year.

Meanwhile, CEO Bryan Horix Fairbanks sold 3,508 shares in a trade that took place on Thursday, November 11. The shares were sold at an average price of $ 127.89, for a total trade of $ 448,638.12. The sale was disclosed in a filing with the SEC, which is available on the SEC’s website. Additionally, Executive Vice President William R. Gupp sold 2,150 shares in a trade that took place on Wednesday, November 10. The stock was sold for an average price of $ 131.00, for a total trade of $ 281,650.00. Disclosure of this sale can be found here. In the past 90 days, insiders have sold 16,274 shares of the company valued at $ 2,123,699. 0.69% of the shares are held by insiders.

A number of institutional investors and hedge funds have recently increased or reduced their stakes in the company. Comerica Bank increased its stake in Trex shares by 3.6% in the third quarter. Comerica Bank now owns 262,065 shares of the construction company valued at $ 24,822,000 after purchasing an additional 9,072 shares in the last quarter. Liontrust Investment Partners LLP purchased a new equity stake in Trex in the third quarter valued at $ 2,854,000. Colony Group LLC increased its stake in Trex shares by 11.7% in the third quarter. Colony Group LLC now owns 6,053 shares of the construction company valued at $ 617,000 after purchasing an additional 633 shares in the last quarter. Cetera Investment Advisers increased its stake in Trex shares by 3.9% in the third quarter. Cetera Investment Advisers now owns 4,409 shares of the construction company valued at $ 449,000 after purchasing 167 additional shares in the last quarter. Finally, the Advisor Resource Council increased its stake in Trex shares by 1,203.8% in the third quarter. Advisor Resource Council now owns 2,047 shares of the construction company valued at $ 209,000 after purchasing an additional 1,890 shares in the last quarter. Institutional investors and hedge funds hold 92.96% of the company’s shares.

Trex Company Profile

Trex Co, Inc is dedicated to manufacturing alternative wood decks and railings. Its products include patio framing and drainage, outdoor lighting, furniture, pergolas and outdoor kitchens, fences, collections and accessory hardware. It operates in the following segments, Trex Home Products and Trex Commercial Products.

Further reading: What is net asset value (NAV)?

Analyst Recommendations for Trex (NYSE: TREX)

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