Trex (NYSE:TREX) Raised to Hold at Wall Street Zen

Trex (NYSE:TREX) was upgraded by research analysts at Wall Street Zen from a “sell” rating to a “hold” rating in a research note issued on Sunday.

TREX has been the subject of several other research reports. Stifel Nicolaus boosted their price target on shares of Trex from $40.00 to $44.00 and gave the company a “hold” rating in a report on Monday, May 11th. Truist Financial set a $55.00 price objective on Trex and gave the stock a “buy” rating in a research note on Monday, June 22nd. Citigroup reiterated a “neutral” rating and set a $43.00 target price (down from $46.00) on shares of Trex in a report on Monday, May 11th. UBS Group reissued a “buy” rating and issued a $59.00 target price (up from $58.00) on shares of Trex in a research note on Friday, May 8th. Finally, DA Davidson restated a “buy” rating and issued a $51.00 price target on shares of Trex in a report on Friday, June 5th. Ten analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and two have given a Sell rating to the company’s stock. According to data from MarketBeat.com, Trex has a consensus rating of “Hold” and an average price target of $46.79.

Trex Stock Up 0.8%

NYSE TREX traded up $0.38 during trading on Friday, reaching $47.14. 1,541,225 shares of the stock traded hands, compared to its average volume of 1,681,616. The firm has a market cap of $4.90 billion, a price-to-earnings ratio of 26.34, a price-to-earnings-growth ratio of 9.58 and a beta of 1.46. The stock’s 50-day moving average price is $43.27 and its 200 day moving average price is $40.98. Trex has a fifty-two week low of $29.77 and a fifty-two week high of $68.78.

Trex (NYSE:TREX) last issued its earnings results on Thursday, May 7th. The construction company reported $0.59 EPS for the quarter, beating the consensus estimate of $0.51 by $0.08. The firm had revenue of $343.40 million during the quarter, compared to the consensus estimate of $339.99 million. Trex had a net margin of 16.25% and a return on equity of 19.66%. The business’s quarterly revenue was up 1.0% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.60 earnings per share. Analysts anticipate that Trex will post 1.68 EPS for the current fiscal year.

Insider Buying and Selling at Trex

In other news, SVP Jacob T. Rudolph sold 1,400 shares of the company’s stock in a transaction dated Thursday, June 25th. The stock was sold at an average price of $50.00, for a total transaction of $70,000.00. Following the completion of the transaction, the senior vice president directly owned 36,631 shares of the company’s stock, valued at $1,831,550. This represents a 3.68% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.93% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Trex

Several institutional investors have recently bought and sold shares of TREX. V Square Quantitative Management LLC acquired a new position in Trex during the 4th quarter worth approximately $27,000. Clearstead Trust LLC bought a new position in shares of Trex during the 4th quarter worth approximately $33,000. Versant Capital Management Inc acquired a new stake in shares of Trex in the second quarter valued at approximately $58,000. Ascentis Independent Advisors acquired a new stake in shares of Trex in the first quarter valued at approximately $44,000. Finally, Eurizon Capital SGR S.p.A. bought a new stake in shares of Trex in the fourth quarter worth $47,000. Institutional investors own 95.96% of the company’s stock.

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.