Trex Company Inc (NYSE:TREX) has earned an average rating of “Buy” from the ten research firms that are covering the company, Marketbeat.com reports. Six analysts have rated the stock with a hold recommendation, three have issued a buy recommendation and one has given a strong buy recommendation to the company. The average 12-month target price among brokerages that have issued ratings on the stock in the last year is $93.88.

TREX has been the topic of a number of analyst reports. Stifel Nicolaus lowered their target price on Trex from $100.00 to $89.00 and set a “hold” rating on the stock in a report on Friday, December 8th. Zacks Investment Research cut Trex from a “buy” rating to a “hold” rating in a report on Saturday, November 11th. B. Riley reiterated a “hold” rating and set a $96.00 target price on shares of Trex in a report on Wednesday, November 8th. SunTrust Banks reiterated a “hold” rating and set a $95.00 target price on shares of Trex in a report on Wednesday, November 1st. Finally, FBR & Co raised their price objective on Trex from $80.00 to $96.00 and gave the stock a “neutral” rating in a report on Tuesday, October 31st.

In related news, Director Richard E. Posey sold 2,322 shares of Trex stock in a transaction on Wednesday, November 22nd. The stock was sold at an average price of $111.19, for a total value of $258,183.18. Following the transaction, the director now owns 11,591 shares in the company, valued at $1,288,803.29. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Frank H. Merlotti, Jr. sold 2,158 shares of Trex stock in a transaction on Wednesday, November 15th. The shares were sold at an average price of $105.51, for a total value of $227,690.58. The disclosure for this sale can be found here. Insiders have sold 7,014 shares of company stock worth $764,529 in the last 90 days. Insiders own 0.95% of the company’s stock.

Institutional investors have recently modified their holdings of the stock. Bessemer Group Inc. boosted its holdings in Trex by 352.7% in the third quarter. Bessemer Group Inc. now owns 1,435 shares of the construction company’s stock valued at $129,000 after acquiring an additional 1,118 shares during the last quarter. Greenwood Capital Associates LLC acquired a new position in Trex in the third quarter valued at $202,000. Riverhead Capital Management LLC boosted its holdings in Trex by 91.5% in the second quarter. Riverhead Capital Management LLC now owns 2,298 shares of the construction company’s stock valued at $156,000 after acquiring an additional 1,098 shares during the last quarter. Everence Capital Management Inc. acquired a new position in Trex in the third quarter valued at $212,000. Finally, Teacher Retirement System of Texas acquired a new position in Trex in the third quarter valued at $219,000. Hedge funds and other institutional investors own 88.92% of the company’s stock.

Shares of Trex (NYSE TREX) traded up $3.32 during trading hours on Friday, reaching $116.79. The company’s stock had a trading volume of 272,400 shares, compared to its average volume of 359,225. The firm has a market cap of $3,440.00, a PE ratio of 37.92 and a beta of 2.43. Trex has a 52-week low of $61.57 and a 52-week high of $120.40.

Trex (NYSE:TREX) last announced its earnings results on Monday, October 30th. The construction company reported $0.68 EPS for the quarter, beating analysts’ consensus estimates of $0.55 by $0.13. The firm had revenue of $140.19 million for the quarter, compared to analysts’ expectations of $125.30 million. Trex had a return on equity of 51.30% and a net margin of 16.61%. Trex’s quarterly revenue was up 32.0% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.26 EPS. equities research analysts anticipate that Trex will post 3.14 EPS for the current fiscal year.

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About Trex

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.

Analyst Recommendations for Trex (NYSE:TREX)

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