Trex Company, Inc. (NYSE:TREX) Receives Consensus Rating of “Hold” from Analysts

Trex Company, Inc. (NYSE:TREX) has received a consensus recommendation of “Hold” from the eighteen ratings firms that are currently covering the stock, MarketBeat Ratings reports. Two equities research analysts have rated the stock with a sell recommendation, eight have issued a hold recommendation and eight have assigned a buy recommendation to the company. The average twelve-month price target among brokers that have issued a report on the stock in the last year is $88.72.

Several brokerages have recently commented on TREX. Benchmark boosted their price target on Trex from $85.00 to $105.00 and gave the stock a “buy” rating in a research note on Friday, March 1st. Robert W. Baird upped their target price on Trex from $105.00 to $110.00 and gave the company a “neutral” rating in a report on Monday, April 8th. The Goldman Sachs Group lifted their price target on Trex from $89.00 to $108.00 and gave the stock a “buy” rating in a research note on Wednesday, February 28th. Barclays raised their target price on shares of Trex from $86.00 to $93.00 and gave the company an “underweight” rating in a report on Thursday, April 4th. Finally, JPMorgan Chase & Co. upped their price target on shares of Trex from $79.00 to $93.00 and gave the company a “neutral” rating in a report on Friday, March 1st.

Trex Price Performance

TREX opened at $93.37 on Tuesday. The business has a 50 day simple moving average of $93.82 and a 200-day simple moving average of $82.29. Trex has a 12 month low of $51.03 and a 12 month high of $101.91. The stock has a market capitalization of $10.14 billion, a P/E ratio of 49.40, a P/E/G ratio of 2.06 and a beta of 1.60.

Trex (NYSE:TREX) last issued its earnings results on Monday, February 26th. The construction company reported $0.20 EPS for the quarter, topping the consensus estimate of $0.19 by $0.01. Trex had a net margin of 18.76% and a return on equity of 31.26%. The company had revenue of $195.75 million for the quarter, compared to analyst estimates of $193.40 million. During the same period in the previous year, the firm earned $0.23 EPS. The business’s revenue was up 1.9% on a year-over-year basis. Research analysts anticipate that Trex will post 2.22 EPS for the current year.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in the company. Hilltop National Bank acquired a new stake in Trex during the 1st quarter valued at approximately $177,000. Envestnet Portfolio Solutions Inc. increased its stake in shares of Trex by 52.5% in the first quarter. Envestnet Portfolio Solutions Inc. now owns 18,072 shares of the construction company’s stock worth $1,803,000 after buying an additional 6,219 shares during the last quarter. Duality Advisers LP raised its holdings in Trex by 54.1% in the first quarter. Duality Advisers LP now owns 47,677 shares of the construction company’s stock valued at $4,756,000 after acquiring an additional 16,738 shares in the last quarter. Texas Permanent School Fund Corp boosted its stake in Trex by 1.3% during the 1st quarter. Texas Permanent School Fund Corp now owns 95,041 shares of the construction company’s stock valued at $9,480,000 after acquiring an additional 1,231 shares during the last quarter. Finally, DAVENPORT & Co LLC grew its holdings in Trex by 1.4% during the 1st quarter. DAVENPORT & Co LLC now owns 220,222 shares of the construction company’s stock worth $21,861,000 after acquiring an additional 2,953 shares in the last quarter. 95.96% of the stock is owned by institutional investors and hedge funds.

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.