Trex Company Inc (NYSE:TREX) has been given a consensus recommendation of “Buy” by the nine research firms that are currently covering the company, Marketbeat reports. Five investment analysts have rated the stock with a hold rating, three have assigned a buy rating and one has issued a strong buy rating on the company. The average twelve-month price objective among analysts that have covered the stock in the last year is $99.00.
Several research firms have recently issued reports on TREX. Stifel Nicolaus reaffirmed a “hold” rating and set a $89.00 price target on shares of Trex in a research note on Wednesday, November 1st. FBR & Co raised their price target on shares of Trex from $80.00 to $96.00 and gave the company a “neutral” rating in a research note on Tuesday, October 31st. B. Riley reaffirmed a “neutral” rating and set a $96.00 price target (up previously from $80.00) on shares of Trex in a research note on Wednesday, November 1st. SunTrust Banks reaffirmed a “hold” rating and set a $95.00 price target on shares of Trex in a research note on Wednesday, November 1st. Finally, Zacks Investment Research raised shares of Trex from a “sell” rating to a “buy” rating and set a $123.00 price target for the company in a research note on Thursday, November 2nd.
Shares of Trex (NYSE:TREX) traded down $1.19 during trading hours on Tuesday, reaching $107.22. 149,226 shares of the company traded hands, compared to its average volume of 243,529. The company has a market cap of $3,244.39, a P/E ratio of 35.59 and a beta of 2.31. Trex has a fifty-two week low of $61.57 and a fifty-two week high of $120.40.
Trex (NYSE:TREX) last issued its quarterly earnings data on Monday, October 30th. The construction company reported $0.68 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.55 by $0.13. The business had revenue of $140.19 million during the quarter, compared to the consensus estimate of $125.30 million. Trex had a net margin of 16.61% and a return on equity of 51.30%. The firm’s revenue was up 32.0% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.26 EPS. equities research analysts anticipate that Trex will post 3.14 EPS for the current year.
In other news, Director Jay M. Gratz sold 1,058 shares of the stock in a transaction on Tuesday, January 16th. The shares were sold at an average price of $116.95, for a total transaction of $123,733.10. Following the completion of the sale, the director now directly owns 8,801 shares in the company, valued at $1,029,276.95. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, Director Richard E. Posey sold 2,322 shares of the stock in a transaction on Wednesday, November 22nd. The stock was sold at an average price of $111.19, for a total transaction of $258,183.18. Following the sale, the director now owns 11,591 shares of the company’s stock, valued at $1,288,803.29. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 6,956 shares of company stock valued at $767,076. 0.95% of the stock is currently owned by corporate insiders.
Several institutional investors and hedge funds have recently bought and sold shares of the company. Amalgamated Bank grew its holdings in Trex by 4.9% in the second quarter. Amalgamated Bank now owns 4,090 shares of the construction company’s stock worth $277,000 after purchasing an additional 192 shares during the period. New York State Common Retirement Fund grew its holdings in Trex by 31.7% in the second quarter. New York State Common Retirement Fund now owns 44,917 shares of the construction company’s stock worth $3,039,000 after purchasing an additional 10,808 shares during the period. UBS Asset Management Americas Inc. grew its holdings in Trex by 6.1% in the second quarter. UBS Asset Management Americas Inc. now owns 15,412 shares of the construction company’s stock worth $1,043,000 after purchasing an additional 892 shares during the period. Northern Trust Corp grew its holdings in Trex by 2.1% in the second quarter. Northern Trust Corp now owns 397,868 shares of the construction company’s stock worth $26,921,000 after purchasing an additional 8,313 shares during the period. Finally, FMR LLC grew its holdings in Trex by 25.6% in the second quarter. FMR LLC now owns 64,060 shares of the construction company’s stock worth $4,334,000 after purchasing an additional 13,060 shares during the period. Institutional investors own 88.72% of the company’s stock.
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Trex Company, Inc is a manufacturer of wood-alternative decking and railing products. The Company’s products are marketed under the brand name Trex and are manufactured in the United States. It offers a set of outdoor living products in the decking, railing, porch, fencing, trim, steel deck framing and outdoor lighting categories.
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