Trex Company Inc (NYSE:TREX) Receives Consensus Recommendation of “Hold” from Analysts

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Shares of Trex Company Inc (NYSE:TREX) have been assigned a consensus rating of “Hold” from the fourteen research firms that are presently covering the stock, MarketBeat reports. Three analysts have rated the stock with a sell recommendation, seven have assigned a hold recommendation and four have given a buy recommendation to the company. The average 12 month price target among brokerages that have covered the stock in the last year is $83.88.

A number of analysts recently weighed in on the stock. B. Riley upped their target price on shares of Trex from $72.00 to $93.00 and gave the company a “neutral” rating in a research note on Tuesday, October 29th. DA Davidson reaffirmed a “positive” rating and set a $102.00 price objective on shares of Trex in a research note on Tuesday, October 29th. Deutsche Bank initiated coverage on shares of Trex in a research note on Wednesday, November 27th. They set a “hold” rating on the stock. BNP Paribas initiated coverage on shares of Trex in a research note on Wednesday, October 9th. They set an “underperform” rating on the stock. Finally, SunTrust Banks upped their price objective on shares of Trex from $70.00 to $90.00 and gave the stock a “hold” rating in a research note on Thursday, October 3rd. They noted that the move was a valuation call.

In other Trex news, CFO Bryan Horix Fairbanks sold 11,435 shares of the company’s stock in a transaction that occurred on Wednesday, October 30th. The shares were sold at an average price of $83.92, for a total value of $959,625.20. Following the completion of the sale, the chief financial officer now owns 46,318 shares of the company’s stock, valued at $3,887,006.56. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Jay M. Gratz sold 2,792 shares of the company’s stock in a transaction that occurred on Thursday, October 31st. The shares were sold at an average price of $83.46, for a total transaction of $233,020.32. Following the completion of the sale, the director now directly owns 15,651 shares of the company’s stock, valued at approximately $1,306,232.46. The disclosure for this sale can be found here. Insiders have sold 18,571 shares of company stock worth $1,558,410 over the last quarter. 0.93% of the stock is owned by company insiders.

Large investors have recently modified their holdings of the business. Price T Rowe Associates Inc. MD increased its position in shares of Trex by 0.4% during the second quarter. Price T Rowe Associates Inc. MD now owns 34,133 shares of the construction company’s stock worth $2,447,000 after acquiring an additional 136 shares in the last quarter. Penserra Capital Management LLC increased its position in shares of Trex by 25.0% during the third quarter. Penserra Capital Management LLC now owns 730 shares of the construction company’s stock worth $66,000 after acquiring an additional 146 shares in the last quarter. ETF Managers Group LLC increased its position in shares of Trex by 6.0% during the second quarter. ETF Managers Group LLC now owns 2,790 shares of the construction company’s stock worth $194,000 after acquiring an additional 159 shares in the last quarter. Cim LLC increased its position in shares of Trex by 1.7% during the third quarter. Cim LLC now owns 9,640 shares of the construction company’s stock worth $877,000 after acquiring an additional 160 shares in the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank increased its position in shares of Trex by 5.0% during the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,933 shares of the construction company’s stock worth $358,000 after acquiring an additional 187 shares in the last quarter. 96.87% of the stock is owned by hedge funds and other institutional investors.

NYSE TREX traded down $0.26 on Friday, reaching $88.36. The company’s stock had a trading volume of 18,994 shares, compared to its average volume of 372,131. The firm has a market cap of $5.07 billion, a PE ratio of 38.09, a price-to-earnings-growth ratio of 3.61 and a beta of 1.90. The business has a 50-day moving average price of $87.36 and a 200 day moving average price of $80.84. Trex has a 52 week low of $53.48 and a 52 week high of $93.63. The company has a current ratio of 3.52, a quick ratio of 3.02 and a debt-to-equity ratio of 0.08.

Trex (NYSE:TREX) last posted its earnings results on Monday, October 28th. The construction company reported $0.72 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.68 by $0.04. The business had revenue of $195.00 million for the quarter, compared to analysts’ expectations of $208.12 million. Trex had a net margin of 18.65% and a return on equity of 35.80%. The firm’s revenue for the quarter was up 17.2% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.57 earnings per share. Analysts anticipate that Trex will post 2.41 earnings per share for the current fiscal year.

About Trex

Trex Co, Inc engages in the manufacture of wood-alternative decking and railing. Its products include deck framing and drainage, outdoor lighting, furniture, pergola and outdoor kitchens, fencing, collections, and accessory hardware. It operates through the following segments Trex Residential Products and Trex Commercial Products.

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Analyst Recommendations for Trex (NYSE:TREX)

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