Berenberg Bank reissued their buy rating on shares of Trex (NYSE:TREX) in a research report released on Monday morning, AnalystRatings.com reports. They currently have a $80.00 target price on the construction company’s stock.
TREX has been the topic of a number of other reports. Stifel Nicolaus raised shares of Trex from a hold rating to a buy rating and boosted their price objective for the company from $70.00 to $72.00 in a report on Thursday, March 28th. Sidoti lowered shares of Trex from a buy rating to a neutral rating and set a $80.00 price objective on the stock. in a report on Wednesday, February 20th. Zacks Investment Research raised shares of Trex from a sell rating to a hold rating in a report on Tuesday, June 4th. DA Davidson began coverage on shares of Trex in a report on Friday, April 5th. They set a buy rating and a $80.00 price objective on the stock. Finally, B. Riley reissued a buy rating and set a $80.00 price objective (up from $71.00) on shares of Trex in a report on Friday, February 15th. Five research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. The stock has an average rating of Hold and a consensus target price of $74.00.
Shares of TREX opened at $69.70 on Monday. The firm has a market cap of $4.04 billion, a PE ratio of 29.66, a P/E/G ratio of 2.87 and a beta of 2.06. The company has a debt-to-equity ratio of 0.11, a quick ratio of 2.26 and a current ratio of 2.73. Trex has a 1-year low of $50.88 and a 1-year high of $90.74.
Trex (NYSE:TREX) last announced its quarterly earnings data on Monday, April 29th. The construction company reported $0.54 earnings per share for the quarter, missing analysts’ consensus estimates of $0.59 by ($0.05). The company had revenue of $179.57 million for the quarter, compared to analysts’ expectations of $176.75 million. Trex had a net margin of 18.63% and a return on equity of 40.07%. Trex’s quarterly revenue was up 4.9% compared to the same quarter last year. During the same period last year, the firm earned $0.63 earnings per share. Sell-side analysts anticipate that Trex will post 2.41 EPS for the current fiscal year.
In related news, insider James E. Cline sold 11,980 shares of the business’s stock in a transaction on Wednesday, May 1st. The shares were sold at an average price of $68.34, for a total transaction of $818,713.20. Following the completion of the transaction, the insider now directly owns 81,897 shares in the company, valued at $5,596,840.98. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, SVP William R. Gupp sold 4,563 shares of the business’s stock in a transaction on Wednesday, May 1st. The shares were sold at an average price of $68.69, for a total transaction of $313,432.47. Following the transaction, the senior vice president now owns 63,945 shares of the company’s stock, valued at $4,392,382.05. The disclosure for this sale can be found here. Insiders own 0.93% of the company’s stock.
A number of hedge funds and other institutional investors have recently bought and sold shares of TREX. Advisors Preferred LLC acquired a new position in Trex during the first quarter valued at $26,000. CENTRAL TRUST Co lifted its position in Trex by 189.7% during the first quarter. CENTRAL TRUST Co now owns 504 shares of the construction company’s stock valued at $31,000 after purchasing an additional 330 shares during the period. FMR LLC lifted its position in Trex by 27.9% during the fourth quarter. FMR LLC now owns 632 shares of the construction company’s stock valued at $38,000 after purchasing an additional 138 shares during the period. Wealthcare Advisory Partners LLC lifted its position in Trex by 30.8% during the fourth quarter. Wealthcare Advisory Partners LLC now owns 850 shares of the construction company’s stock valued at $50,000 after purchasing an additional 200 shares during the period. Finally, Quantamental Technologies LLC acquired a new position in Trex during the first quarter valued at $60,000. Institutional investors own 96.86% of the company’s stock.
Trex Company Profile
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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