Brokerages Set Trex Company, Inc. (NYSE:TREX) Price Target at $47.73

Shares of Trex Company, Inc. (NYSE:TREX) have received an average rating of “Hold” from the twenty-three analysts that are currently covering the company, MarketBeat reports. Three research analysts have rated the stock with a sell rating, ten have given a hold rating and ten have given a buy rating to the company. The average 1 year target price among brokerages that have issued a report on the stock in the last year is $47.7250.

A number of analysts have issued reports on the company. Citigroup boosted their target price on Trex from $39.00 to $46.00 and gave the company a “neutral” rating in a research report on Thursday, February 26th. UBS Group lifted their price objective on Trex from $52.00 to $58.00 and gave the company a “buy” rating in a research note on Wednesday, February 25th. Weiss Ratings reiterated a “sell (d+)” rating on shares of Trex in a report on Monday, December 29th. Wolfe Research raised Trex from a “peer perform” rating to an “outperform” rating and set a $47.00 target price on the stock in a research note on Wednesday, January 7th. Finally, Loop Capital upgraded Trex from a “hold” rating to a “buy” rating and raised their target price for the company from $45.00 to $53.00 in a report on Wednesday, February 25th.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in the business. WCM Investment Management LLC grew its stake in shares of Trex by 734.5% in the third quarter. WCM Investment Management LLC now owns 39,566 shares of the construction company’s stock worth $2,033,000 after acquiring an additional 34,825 shares in the last quarter. Lisanti Capital Growth LLC purchased a new stake in shares of Trex during the third quarter worth $3,614,000. Thrivent Financial for Lutherans raised its stake in shares of Trex by 7.9% in the third quarter. Thrivent Financial for Lutherans now owns 906,892 shares of the construction company’s stock valued at $46,859,000 after acquiring an additional 66,721 shares in the last quarter. Campbell & CO Investment Adviser LLC acquired a new stake in shares of Trex in the second quarter valued at $3,015,000. Finally, Advantage Alpha Capital Partners LP boosted its holdings in Trex by 169.2% in the second quarter. Advantage Alpha Capital Partners LP now owns 75,013 shares of the construction company’s stock valued at $4,079,000 after purchasing an additional 47,143 shares during the period. Hedge funds and other institutional investors own 95.96% of the company’s stock.

Trex Price Performance

Shares of TREX opened at $37.63 on Friday. The firm has a 50-day simple moving average of $41.08 and a two-hundred day simple moving average of $44.37. The stock has a market cap of $3.98 billion, a PE ratio of 21.26, a P/E/G ratio of 8.63 and a beta of 1.58. Trex has a 1-year low of $29.77 and a 1-year high of $68.78.

Trex (NYSE:TREX) last issued 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. Trex had a net margin of 16.22% and a return on equity of 20.29%. The firm had revenue of $161.13 million for the quarter, compared to analyst estimates of $144.39 million. During the same period in the prior year, the business posted $0.09 EPS. The business’s revenue for the quarter was down 3.9% compared to the same quarter last year. As a group, sell-side analysts expect that Trex will post 2.04 earnings per share for the current fiscal year.

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.