Shares of Trex Company, Inc. (NYSE:TREX – Get Rating) earned an average recommendation of “Hold” from the twenty analysts who cover the company, reports Marketbeat Ratings. Two equity research analysts rated the stock with a sell rating, nine issued a hold rating and four issued a buy rating on the company. The 12-month average price target among brokers who updated their coverage on the stock in the past year is $87.60.
Several brokerages have recently weighed in on TREX. DA Davidson reiterated a “neutral” rating on Trex shares in a Tuesday, March 1 report. JPMorgan Chase & Co. cut its price target on Trex from $78.00 to $69.00 and set an “underweight” rating for the company in a Wednesday, April 20 research report. TheStreet downgraded Trex from a “b” rating to a “c+” rating in a research report on Monday, February 28. Loop Capital downgraded Trex from a “buy” rating to a “hold” rating and reduced its price target for the stock from $118.00 to $68.00 in a Monday, April 25 research note. Finally, Stifel Nicolaus cut his price target on Trex from $135.00 to $120.00 and set a “buy” rating on the stock in a Tuesday, March 1 research note.
TREX opened at $58.53 on Friday. The stock has a 50-day moving average price of $59.80 and a 200-day moving average price of $82.64. Trex has a 12-month low of $49.31 and a 12-month high of $140.98. The stock has a market capitalization of $6.63 billion, a P/E ratio of 29.12, a PEG ratio of 1.22 and a beta of 1.44.
Trex (NYSE:TREX – Get Rating) last released its results on Monday, May 9. The construction company reported earnings per share of $0.62 for the quarter, beating the consensus estimate of $0.54 by $0.08. The company posted revenue of $339.23 million in the quarter, compared to $326.67 million expected by analysts. Trex had a return on equity of 38.31% and a net margin of 17.90%. Trex’s quarterly revenue increased 38.2% over the same quarter last year. During the same period a year earlier, the company posted EPS of $0.42. Research analysts expect Trex to post EPS of 2.48 for the current fiscal year.
Several hedge funds have recently changed their holdings of TREX. Covestor Ltd increased its holdings of Trex shares by 178.8% in the first quarter. Covestor Ltd now owns 382 shares in the construction company worth $25,000 after buying a further 245 shares in the last quarter. NN Investment Partners Holdings NV purchased a new equity stake in Trex in the fourth quarter worth approximately $26,000. UMB Bank NA MO bought a new stake in shares of Trex in the fourth quarter worth about $32,000. M&R Capital Management Inc. bought a new position in Trex in the fourth quarter worth about $41,000. Finally, Confluence Wealth Services Inc. bought a new position in Trex in the fourth quarter worth about $46,000. 93.63% of the shares are currently held by hedge funds and other institutional investors.
Trex Company Profile (Get an evaluation)
Trex Company, Inc. manufactures and distributes decking, railing, and outdoor living products and accessories for the residential and commercial markets in the United States. The Company operates in two segments, Trex Residential and Trex Commercial. It offers decking products under the Trex Transcend, Trex Select, and Trex Enhance names for protection against fading, stains, mildew, and scratches; Trex Hideaway, a hidden fastening system; and Trex DeckLighting, a dimmable LED deck light for use on posts, floors and steps.
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