Analysts Set Trex Company, Inc. (NYSE:TREX) PT at $47.78

Trex Company, Inc. (NYSE:TREX) has received a consensus rating of “Hold” from the twenty-three research firms that are covering the stock, MarketBeat reports. Three research analysts have rated the stock with a sell rating, ten have issued a hold rating and ten have given a buy rating to the company. The average 1-year price objective among analysts that have issued a report on the stock in the last year is $47.7750.

A number of equities analysts have weighed in on TREX shares. UBS Group lifted their price objective on Trex from $52.00 to $58.00 and gave the company a “buy” rating in a research note on Wednesday, February 25th. BMO Capital Markets reiterated an “outperform” rating and set a $54.00 price objective on shares of Trex in a research note on Thursday, January 8th. Jefferies Financial Group upgraded Trex from a “hold” rating to a “buy” rating and lifted their price objective for the company from $39.00 to $42.00 in a research note on Monday, December 15th. The Goldman Sachs Group set a $54.00 price objective on Trex and gave the company a “buy” rating in a research note on Tuesday, December 16th. Finally, Stifel Nicolaus set a $37.50 price objective on Trex and gave the company a “hold” rating in a research note on Monday, February 23rd.

Hedge Funds Weigh In On Trex

Institutional investors have recently modified their holdings of the stock. WCM Investment Management LLC grew its position in shares of Trex by 734.5% during the 3rd quarter. WCM Investment Management LLC now owns 39,566 shares of the construction company’s stock valued at $2,033,000 after acquiring an additional 34,825 shares during the period. Lisanti Capital Growth LLC acquired a new stake in shares of Trex during the 3rd quarter valued at about $3,614,000. Thrivent Financial for Lutherans grew its position in shares of Trex by 7.9% during the 3rd quarter. Thrivent Financial for Lutherans now owns 906,892 shares of the construction company’s stock valued at $46,859,000 after acquiring an additional 66,721 shares during the period. Federated Hermes Inc. grew its position in shares of Trex by 90.6% during the 3rd quarter. Federated Hermes Inc. now owns 1,469,878 shares of the construction company’s stock valued at $75,949,000 after acquiring an additional 698,628 shares during the period. Finally, Pembroke Management LTD grew its position in shares of Trex by 11.5% during the 3rd quarter. Pembroke Management LTD now owns 476,311 shares of the construction company’s stock valued at $24,611,000 after acquiring an additional 49,073 shares during the period. Hedge funds and other institutional investors own 95.96% of the company’s stock.

Trex Price Performance

Shares of TREX stock opened at $36.02 on Tuesday. The firm has a market capitalization of $3.74 billion, a price-to-earnings ratio of 20.35, a price-to-earnings-growth ratio of 8.18 and a beta of 1.61. The business has a fifty day moving average of $39.73 and a 200 day moving average of $40.79. Trex has a 1 year low of $29.77 and a 1 year high of $68.78.

Trex (NYSE:TREX) last released its quarterly earnings data on Tuesday, February 24th. The construction company reported $0.04 earnings per share for the quarter, beating analysts’ consensus estimates of ($0.01) by $0.05. The business had revenue of $161.13 million during the quarter, compared to analyst estimates of $144.39 million. Trex had a return on equity of 20.29% and a net margin of 16.22%.The company’s revenue was down 3.9% on a year-over-year basis. During the same quarter last year, the business posted $0.09 EPS. As a group, equities research analysts expect that Trex will post 2.04 earnings per share for the current year.

About Trex

Trex Company, Inc is a leading manufacturer of wood-alternative decking and railing systems designed for residential and commercial outdoor living environments. The company’s core offerings feature composite decking products made from a proprietary blend of recycled wood fibers and plastic film, which deliver enhanced durability, resistance to rot and insect damage, and low maintenance compared to traditional wood. Trex also provides matching railing, lighting, fencing and cladding solutions that allow customers to create cohesive, high-performance outdoor spaces.

Trex’s product portfolio is organized into multiple performance tiers, including premium, mid-range and value-oriented lines.