Trex Co. (NYSE:TREX) has been assigned an average rating of “Hold” from the seven research firms that are presently covering the firm. Four investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The average 12-month target price among analysts that have issued a report on the stock in the last year is $59.33.
A number of research analysts recently commented on TREX shares. Zacks Investment Research raised shares of Trex from a “hold” rating to a “buy” rating and set a $46.00 target price on the stock in a research report on Wednesday, June 29th. Wedbush reissued an “outperform” rating and set a $50.00 price objective on shares of Trex in a research report on Sunday, July 10th. FBR & Co raised their price objective on shares of Trex from $50.00 to $60.00 and gave the stock an “outperform” rating in a research report on Tuesday, August 2nd. Finally, CL King downgraded shares of Trex from a “buy” rating to a “neutral” rating in a research report on Wednesday, August 3rd. They noted that the move was a valuation call.
In other news, VP Adam Dante Zambanini sold 5,730 shares of the firm’s stock in a transaction on Wednesday, September 7th. The shares were sold at an average price of $61.61, for a total value of $353,025.30. Following the completion of the sale, the vice president now owns 34,396 shares in the company, valued at approximately $2,119,137.56. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Richard E. Posey sold 5,266 shares of the firm’s stock in a transaction on Wednesday, August 3rd. The stock was sold at an average price of $54.99, for a total transaction of $289,577.34. Following the completion of the sale, the director now owns 18,438 shares of the company’s stock, valued at approximately $1,013,905.62. The disclosure for this sale can be found here. 1.40% of the stock is currently owned by insiders.
Several hedge funds have recently added to or reduced their stakes in TREX. BlackRock Fund Advisors boosted its stake in Trex by 76.1% in the first quarter. BlackRock Fund Advisors now owns 2,203,509 shares of the company’s stock valued at $105,614,000 after buying an additional 951,960 shares during the period. Janus Capital Management LLC boosted its stake in Trex by 1.6% in the second quarter. Janus Capital Management LLC now owns 1,411,277 shares of the company’s stock valued at $63,395,000 after buying an additional 22,184 shares during the period. Eagle Asset Management Inc. boosted its stake in Trex by 11.4% in the second quarter. Eagle Asset Management Inc. now owns 678,636 shares of the company’s stock valued at $30,484,000 after buying an additional 69,664 shares during the period. State Street Corp boosted its stake in Trex by 13.1% in the first quarter. State Street Corp now owns 595,269 shares of the company’s stock valued at $28,531,000 after buying an additional 68,782 shares during the period. Finally, Westwood Holdings Group Inc. boosted its stake in Trex by 0.9% in the second quarter. Westwood Holdings Group Inc. now owns 355,891 shares of the company’s stock valued at $15,987,000 after buying an additional 3,200 shares during the period. Institutional investors own 97.35% of the company’s stock.
Shares of Trex (NYSE:TREX) opened at 58.72 on Thursday. Trex has a 1-year low of $31.11 and a 1-year high of $64.36. The stock’s 50 day moving average is $59.82 and its 200-day moving average is $50.08. The stock has a market cap of $1.72 billion, a PE ratio of 30.62 and a beta of 2.00.
Trex (NYSE:TREX) last posted its earnings results on Monday, August 1st. The company reported $0.79 EPS for the quarter, beating the Zacks’ consensus estimate of $0.71 by $0.08. The firm had revenue of $146.45 million for the quarter, compared to the consensus estimate of $145.19 million. Trex had a net margin of 12.68% and a return on equity of 61.76%. The company’s revenue was up 7.1% on a year-over-year basis. During the same period last year, the firm posted $0.58 EPS. On average, analysts predict that Trex will post $2.31 EPS for the current fiscal year.
Trex Company, Inc is a manufacturer of wood-alternative decking and railing products. The Company markets its products under the brand name Trex. The Company offers a set of outdoor living products in the decking, railing, porch, fencing, trim, steel deck framing and outdoor lighting categories. Its decking products include Trex Transcend, Trex Enhance and Trex Select.
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