Headlines about Trex (NYSE:TREX) have trended somewhat positive recently, Accern Sentiment reports. Accern scores the sentiment of news coverage by analyzing more than 20 million blog and news sources. Accern ranks coverage of companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Trex earned a daily sentiment score of 0.17 on Accern’s scale. Accern also assigned news coverage about the construction company an impact score of 47.1223956299949 out of 100, indicating that recent news coverage is somewhat unlikely to have an effect on the stock’s share price in the near term.
Shares of Trex (TREX) opened at $106.08 on Friday. The firm has a market cap of $3,120.00, a PE ratio of 32.34 and a beta of 2.30. Trex has a 1 year low of $61.57 and a 1 year high of $120.40.
Trex (NYSE:TREX) last released its earnings results on Wednesday, February 21st. The construction company reported $0.56 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.54 by $0.02. The firm had revenue of $122.21 million for the quarter, compared to the consensus estimate of $118.48 million. Trex had a net margin of 16.83% and a return on equity of 46.94%. The company’s revenue was up 28.2% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.43 EPS. analysts predict that Trex will post 4.09 EPS for the current year.
Trex announced that its Board of Directors has approved a stock buyback plan on Wednesday, February 21st that permits the company to buyback 2,900,000 outstanding shares. This buyback authorization permits the construction company to purchase shares of its stock through open market purchases. Shares buyback plans are generally a sign that the company’s board believes its stock is undervalued.
A number of analysts have recently weighed in on the stock. Zacks Investment Research raised shares of Trex from a “hold” rating to a “buy” rating and set a $124.00 target price on the stock in a research report on Tuesday, February 27th. B. Riley upped their target price on shares of Trex from $125.00 to $126.00 and gave the stock a “buy” rating in a research report on Thursday, February 22nd. Finally, Stifel Nicolaus reaffirmed a “hold” rating and issued a $110.00 target price (up from $100.00) on shares of Trex in a research report on Thursday, February 22nd. Five research analysts have rated the stock with a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the stock. The stock currently has an average rating of “Buy” and a consensus price target of $102.00.
In related news, Director Patricia B. Robinson sold 3,255 shares of the stock in a transaction dated Wednesday, March 7th. The shares were sold at an average price of $105.00, for a total transaction of $341,775.00. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Jay M. Gratz sold 1,058 shares of the stock in a transaction dated Tuesday, January 16th. The shares were sold at an average price of $116.95, for a total transaction of $123,733.10. Following the sale, the director now directly owns 8,801 shares in the company, valued at $1,029,276.95. The disclosure for this sale can be found here. Insiders have sold a total of 39,355 shares of company stock worth $4,219,463 over the last three months. 0.95% of the stock is currently owned by insiders.
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Trex Company, Inc is a manufacturer of wood-alternative decking and railing products. The Company’s products are marketed under the brand name Trex and are manufactured in the United States. It offers a set of outdoor living products in the decking, railing, porch, fencing, trim, steel deck framing and outdoor lighting categories.
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