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

Shares of Trex Company, Inc. (NYSE:TREX) have been given a consensus rating of “Hold” by the twenty-two research firms that are presently covering the firm, MarketBeat Ratings reports. Two investment analysts have rated the stock with a sell recommendation, nine have given a hold recommendation and eleven have assigned a 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 $46.4211.

Several analysts have recently issued reports on TREX shares. Weiss Ratings upgraded Trex from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Monday, May 11th. Stifel Nicolaus upped their price objective on Trex from $40.00 to $44.00 and gave the company a “hold” rating in a research report on Monday, May 11th. Barclays reiterated an “underweight” rating and set a $36.00 target price (up from $35.00) on shares of Trex in a research report on Monday, May 11th. UBS Group reiterated a “buy” rating and set a $59.00 target price (up from $58.00) on shares of Trex in a research report on Friday, May 8th. Finally, Citigroup reiterated a “neutral” rating and set a $43.00 target price (down from $46.00) on shares of Trex in a research report on Monday, May 11th.

Hedge Funds Weigh In On Trex

Several large investors have recently added to or reduced their stakes in the business. AQR Capital Management LLC lifted its position in Trex by 3.2% during the first quarter. AQR Capital Management LLC now owns 5,642 shares of the construction company’s stock worth $320,000 after buying an additional 177 shares during the period. Benjamin Edwards Inc. lifted its position in Trex by 1.9% during the second quarter. Benjamin Edwards Inc. now owns 11,240 shares of the construction company’s stock worth $611,000 after buying an additional 214 shares during the period. Pinnacle Associates Ltd. lifted its position in Trex by 0.7% during the fourth quarter. Pinnacle Associates Ltd. now owns 40,285 shares of the construction company’s stock worth $1,413,000 after buying an additional 285 shares during the period. Hsbc Holdings PLC lifted its position in Trex by 6.3% during the second quarter. Hsbc Holdings PLC now owns 5,403 shares of the construction company’s stock worth $294,000 after buying an additional 322 shares during the period. Finally, CIBC Private Wealth Group LLC lifted its position in Trex by 0.7% during the third quarter. CIBC Private Wealth Group LLC now owns 45,646 shares of the construction company’s stock worth $2,359,000 after buying an additional 333 shares during the period. 95.96% of the stock is currently owned by hedge funds and other institutional investors.

Trex Stock Down 1.6%

Shares of NYSE:TREX opened at $45.62 on Friday. Trex has a 52-week low of $29.77 and a 52-week high of $68.78. The stock’s fifty day simple moving average is $40.18 and its 200-day simple moving average is $39.16. The company has a market capitalization of $4.74 billion, a P/E ratio of 25.49, a P/E/G ratio of 9.25 and a beta of 1.51.

Trex (NYSE:TREX) last issued its quarterly earnings data on Thursday, May 7th. The construction company reported $0.59 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.51 by $0.08. Trex had a return on equity of 19.66% and a net margin of 16.25%.The business had revenue of $343.40 million for the quarter, compared to the consensus estimate of $339.99 million. During the same period in the prior year, the business earned $0.60 earnings per share. The business’s revenue was up 1.0% on a year-over-year basis. On average, sell-side analysts anticipate that Trex will post 1.68 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.