Trex Company, Inc. (NYSE:TREX) Expected to Post Q4 2024 Earnings of $0.11 Per Share

Trex Company, Inc. (NYSE:TREX) – Equities researchers at B. Riley dropped their Q4 2024 earnings per share (EPS) estimates for shares of Trex in a research report issued to clients and investors on Wednesday, August 7th. B. Riley analyst A. Rygiel now forecasts that the construction company will post earnings of $0.11 per share for the quarter, down from their previous forecast of $0.16. B. Riley has a “Buy” rating and a $97.00 price objective on the stock. The consensus estimate for Trex’s current full-year earnings is $2.26 per share.

Other equities research analysts have also recently issued research reports about the company. Robert W. Baird decreased their target price on Trex from $88.00 to $70.00 and set a “neutral” rating for the company in a research note on Wednesday. Loop Capital cut Trex from a “buy” rating to a “hold” rating and decreased their target price for the stock from $95.00 to $75.00 in a research note on Wednesday. Stifel Nicolaus decreased their target price on Trex from $110.00 to $85.00 and set a “buy” rating for the company in a research note on Wednesday. UBS Group decreased their target price on Trex from $104.00 to $79.00 and set a “neutral” rating for the company in a research note on Wednesday. Finally, The Goldman Sachs Group cut their price target on Trex from $114.00 to $93.00 and set a “buy” rating on the stock in a report on Wednesday, July 10th. One investment analyst has rated the stock with a sell rating, ten have given a hold rating and six have given a buy rating to the company. Based on data from MarketBeat.com, Trex presently has an average rating of “Hold” and a consensus target price of $82.38.

Trex Stock Performance

Shares of TREX stock remained flat at $60.70 on Thursday. The stock had a trading volume of 1,836,974 shares, compared to its average volume of 919,435. The company’s fifty day moving average price is $78.29 and its 200-day moving average price is $86.64. Trex has a 12 month low of $53.59 and a 12 month high of $101.91. The stock has a market cap of $6.60 billion, a price-to-earnings ratio of 26.05, a P/E/G ratio of 1.83 and a beta of 1.50.

Trex (NYSE:TREX) last issued its quarterly earnings data on Tuesday, August 6th. The construction company reported $0.80 earnings per share for the quarter, topping analysts’ consensus estimates of $0.78 by $0.02. The business had revenue of $376.47 million for the quarter, compared to analyst estimates of $387.87 million. Trex had a return on equity of 35.32% and a net margin of 21.07%. Trex’s quarterly revenue was up 5.6% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.71 EPS.

Institutional Trading of Trex

Large investors have recently bought and sold shares of the company. Mather Group LLC. purchased a new position in shares of Trex in the first quarter valued at $26,000. V Square Quantitative Management LLC purchased a new position in shares of Trex in the fourth quarter valued at $25,000. Sunbelt Securities Inc. grew its position in shares of Trex by 1,744.4% in the first quarter. Sunbelt Securities Inc. now owns 332 shares of the construction company’s stock valued at $33,000 after purchasing an additional 314 shares in the last quarter. Rise Advisors LLC grew its position in shares of Trex by 305.0% in the first quarter. Rise Advisors LLC now owns 405 shares of the construction company’s stock valued at $40,000 after purchasing an additional 305 shares in the last quarter. Finally, Hantz Financial Services Inc. purchased a new position in shares of Trex in the second quarter valued at $31,000. 95.96% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In related news, SVP Jacob T. Rudolph sold 16,440 shares of Trex stock in a transaction on Wednesday, May 15th. The stock was sold at an average price of $90.90, for a total transaction of $1,494,396.00. Following the sale, the senior vice president now directly owns 25,746 shares in the company, valued at $2,340,311.40. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.71% of the stock is currently owned by corporate insiders.

About Trex

Trex Company, Inc manufactures and distributes composite decking, railing, and outdoor living products and accessories for residential and commercial markets in the United States. It offers decking products and accessories under the names Trex Transcend, Trex Select, Trex Signature, Trex Transcend Lineage, and Trex Enhance for protection against fading, staining, mold, and scratching; Trex Hideaway, a hidden fastening system; and Trex DeckLighting, a LED dimmable deck lighting for use on posts, floors, and steps.