Analysts Set Trex Company, Inc. (NYSE:TREX) PT at $47.78

Shares of Trex Company, Inc. (NYSE:TREX) have earned a consensus rating of “Hold” from the twenty-three brokerages that are covering the firm, MarketBeat reports. Three equities research analysts have rated the stock with a sell rating, ten have assigned a hold rating and ten have assigned a buy rating to the company. The average 1-year price target among brokerages that have covered the stock in the last year is $47.7750.

A number of analysts recently weighed in on TREX shares. BMO Capital Markets reaffirmed an “outperform” rating and issued a $54.00 price objective on shares of Trex in a research note on Thursday, January 8th. Weiss Ratings restated a “sell (d+)” rating on shares of Trex in a report on Friday, March 27th. Stifel Nicolaus set a $37.50 price target on shares of Trex and gave the stock a “hold” rating in a research report on Monday, February 23rd. Jefferies Financial Group upgraded shares of Trex from a “hold” rating to a “buy” rating and increased their price objective for the company from $39.00 to $42.00 in a research note on Monday, December 15th. Finally, Loop Capital raised shares of Trex from a “hold” rating to a “buy” rating and lifted their price objective for the company from $45.00 to $53.00 in a report on Wednesday, February 25th.

Trex Stock Performance

Shares of NYSE TREX opened at $35.58 on Tuesday. Trex has a 52-week low of $29.77 and a 52-week high of $68.78. The firm has a market capitalization of $3.70 billion, a price-to-earnings ratio of 20.10, a PEG ratio of 8.41 and a beta of 1.60. The stock has a 50 day moving average price of $39.99 and a 200 day moving average price of $41.29.

Trex (NYSE:TREX) last released its quarterly earnings data on Tuesday, February 24th. The construction company reported $0.04 EPS for the quarter, topping the consensus estimate of ($0.01) by $0.05. The company had revenue of $161.13 million for 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%.Trex’s quarterly revenue was down 3.9% on a year-over-year basis. During the same period last year, the business posted $0.09 EPS. Analysts forecast that Trex will post 2.04 earnings per share for the current year.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. AQR Capital Management LLC grew its position in shares of Trex by 3.2% in the 1st 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 last quarter. Goldman Sachs Group Inc. lifted its position in Trex by 91.3% during the first quarter. Goldman Sachs Group Inc. now owns 822,772 shares of the construction company’s stock valued at $47,803,000 after acquiring an additional 392,715 shares during the last quarter. Cetera Investment Advisers boosted its stake in Trex by 3.9% in the second quarter. Cetera Investment Advisers now owns 18,859 shares of the construction company’s stock valued at $1,026,000 after acquiring an additional 708 shares in the last quarter. Legal & General Group Plc boosted its stake in Trex by 0.3% in the second quarter. Legal & General Group Plc now owns 171,433 shares of the construction company’s stock valued at $9,323,000 after acquiring an additional 547 shares in the last quarter. Finally, Prudential Financial Inc. grew its holdings in Trex by 52.0% in the second quarter. Prudential Financial Inc. now owns 10,456 shares of the construction company’s stock worth $569,000 after purchasing an additional 3,576 shares during the last quarter. 95.96% of the stock is currently owned by hedge funds and other institutional investors.

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.