Trex Company, Inc. (NYSE:TREX) receives an average recommendation of “Hold” from brokerages

Shares of Trex Company, Inc. (NYSE:TREX – Get Free Report ) has received an average recommendation of “Hold” from the sixteen analysts that are currently covering the company, Marketbeat Ratings reports. One analyst has rated the stock with a sell recommendation, nine have issued a hold recommendation and six 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 $80.88.

Several analysts recently commented on the company. Bank of America cut their price objective on Trex from $97.00 to $85.00 and set a “buy” rating for the company in a report on Wednesday, August 7th. Barclays cut their price target on Trex from $94.00 to $81.00 and set an “underweight” rating on the stock in a report on Friday, July 12th. UBS Group dropped their price objective on Trex from $104.00 to $79.00 and set a “neutral” rating for the company in a report on Wednesday, August 7th. Stephens cut shares of Trex from an “overweight” rating to an “equal weight” rating and cut their price target for the stock from $115.00 to $72.00 in a report on Wednesday, August 7th. Finally, Benchmark cut their price target on shares of Trex from $105.00 to $80.00 and set a “buy” rating on the stock in a report on Thursday, August 8th.

Get the latest stock report on TREX

Trex Stock 0.2%

NYSE:TREX opened at $63.74 on Monday. The stock has a market cap of $6.93 billion, a P/E ratio of 27.36, a PEG ratio of 2.14 and a beta of 1.50. The company’s 50-day moving average price is $72.50, and its two-hundred-day moving average price is $84.35. Trex has a 12-month low of $53.59 and a 12-month high of $101.91.

Trex (NYSE:TREX – Get Your Free Report ) last issued its quarterly earnings data on Tuesday, August 6th. The construction company reported $0.80 earnings per share for the quarter, topping analysts’ consensus estimates of $0.78 by $0.02. The firm had revenue of $376.47 million for the quarter, compared to analyst estimates of $387.87 million. Trex had a return on equity of 33.53% and a net margin of 21.07%. The company’s quarterly revenue was up 5.6% compared to the same quarter last year. In the same period last year, the company earned $0.71 EPS. On average, equities research analysts expect that Trex will post 2.06 EPS for the current fiscal year.

Institutional trading of Trex

Several institutional investors and hedge funds have recently bought and sold shares of the company. Granite Bay Wealth Management LLC purchased a new position in Trex in the second quarter valued at $467,000. Truist Financial Corp raised its stake in Trex by 15.0% in the second quarter. Truist Financial Corp now owns 3,949 shares of the construction company’s stock worth $293,000 after acquiring an additional 515 shares in the last quarter. Quarry LP boosted its holdings in Trex by 576.4% in the second quarter. Quarry LP now owns 602 shares of the construction company’s stock valued at $45,000 after purchasing an additional 513 shares in the last quarter. Creative Planning raised its position in Trex by 0.7% in the second quarter. Creative Planning now owns 60,284 shares of the construction company’s stock worth $4,468,000 after acquiring an additional 412 shares during the period. Finally, Scientech Research LLC grew its holdings in shares of Trex by 302.0% during the 2nd quarter. Scientech Research LLC now owns 13,581 shares of the construction company’s stock worth $1,007,000 after bought another 10,203 shares during the period. 95.96% of shares are currently owned by institutional investors and hedge funds.

Trex Company Profile

(Get a free report

Trex Company, Inc manufactures and distributes composite decking, railing and exterior products and accessories for the residential and commercial markets in the United States. Offers Trex Transcend, Trex Select, Trex Signature, Trex Transcend Lineage and Trex Enhance flooring products and accessories for protection against fading, staining, mildew and scratches; Trex Hideaway, a hidden fastening system; and Trex DeckLighting, an adjustable LED deck lighting for use on posts, floors and steps.

Further reading

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