Trex Company, Inc. (NYSE:TREX) Given Consensus Recommendation of “Hold” by Analysts

Trex Company, Inc. (NYSE:TREX) has been given an average rating of “Hold” by the twenty-three analysts that are presently covering the company, MarketBeat.com reports. Three research analysts have rated the stock with a sell recommendation, ten have assigned a hold recommendation and ten have given a buy recommendation to the company. The average 1 year target price among brokers that have issued ratings on the stock in the last year is $47.7750.

A number of research analysts recently issued reports on the company. Wall Street Zen raised Trex from a “sell” rating to a “hold” rating in a report on Saturday, February 28th. Zacks Research raised shares of Trex from a “strong sell” rating to a “hold” rating in a report on Tuesday, February 3rd. Benchmark cut shares of Trex from a “buy” rating to a “hold” rating in a research report on Wednesday, February 11th. UBS Group boosted their target price on shares of Trex from $52.00 to $58.00 and gave the stock a “buy” rating in a research note on Wednesday, February 25th. Finally, Loop Capital upgraded shares of Trex from a “hold” rating to a “buy” rating and upped their target price for the stock from $45.00 to $53.00 in a research report on Wednesday, February 25th.

Trex Price Performance

NYSE TREX opened at $35.42 on Tuesday. The stock’s 50 day simple moving average is $40.42 and its 200 day simple moving average is $41.54. Trex has a one year low of $29.77 and a one year high of $68.78. The firm has a market cap of $3.68 billion, a PE ratio of 20.01, a price-to-earnings-growth ratio of 8.18 and a beta of 1.58.

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

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the company. Alliancebernstein L.P. increased its stake in shares of Trex by 1.9% in the 3rd quarter. Alliancebernstein L.P. now owns 7,543,925 shares of the construction company’s stock valued at $389,795,000 after buying an additional 142,215 shares during the period. Wellington Management Group LLP lifted its stake in shares of Trex by 266.0% during the fourth quarter. Wellington Management Group LLP now owns 7,225,393 shares of the construction company’s stock valued at $253,467,000 after acquiring an additional 5,251,297 shares during the period. AQR Capital Management LLC lifted its stake in shares of Trex by 143.8% during the fourth quarter. AQR Capital Management LLC now owns 3,895,534 shares of the construction company’s stock valued at $136,655,000 after acquiring an additional 2,297,533 shares during the period. Morgan Stanley boosted its holdings in Trex by 44.6% in the fourth quarter. Morgan Stanley now owns 2,313,285 shares of the construction company’s stock valued at $81,150,000 after acquiring an additional 713,054 shares during the last quarter. Finally, American Century Companies Inc. boosted its holdings in Trex by 2.5% in the third quarter. American Century Companies Inc. now owns 2,191,472 shares of the construction company’s stock valued at $113,233,000 after acquiring an additional 53,554 shares during the last quarter. Institutional investors and hedge funds own 95.96% of the company’s stock.

Trex Company Profile

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.