Shares of Trex Co. (NYSE:TREX) have earned an average rating of “Hold” from the seven ratings firms that are presently covering the firm. Four analysts have rated the stock with a hold rating and three have issued a buy rating on the company. The average 1-year price objective among analysts that have updated their coverage on the stock in the last year is $59.33.

A number of equities analysts recently commented on the stock. Zacks Investment Research raised shares of Trex from a “hold” rating to a “buy” rating and set a $46.00 price objective for the company in a research note on Wednesday, June 29th. FBR & Co raised their price objective on shares of Trex from $50.00 to $60.00 and gave the stock an “outperform” rating in a research note on Tuesday, August 2nd. CL King downgraded shares of Trex from a “buy” rating to a “neutral” rating in a research report on Wednesday, August 3rd. They noted that the move was a valuation call. Finally, Wedbush downgraded shares of Trex from an “outperform” rating to a “neutral” rating and increased their target price for the stock from $50.00 to $53.00 in a research report on Wednesday, August 3rd. They noted that the move was a valuation call.

Trex (NYSE:TREX) opened at 58.68 on Thursday. The stock has a market capitalization of $1.72 billion, a PE ratio of 30.59 and a beta of 2.02. The firm has a 50-day moving average of $59.78 and a 200-day moving average of $50.27. Trex has a 52-week low of $31.11 and a 52-week high of $64.36.

Trex (NYSE:TREX) last posted its quarterly earnings data on Monday, August 1st. The company reported $0.79 EPS for the quarter, topping analysts’ consensus estimates of $0.71 by $0.08. Trex had a net margin of 12.68% and a return on equity of 61.76%. The firm earned $146.45 million during the quarter, compared to analyst estimates of $145.19 million. During the same quarter last year, the business posted $0.58 EPS. The company’s revenue was up 7.1% on a year-over-year basis. On average, equities analysts expect that Trex will post $2.31 EPS for the current year.

In other news, VP Adam Dante Zambanini sold 5,730 shares of the firm’s stock in a transaction on Wednesday, September 7th. The shares were sold at an average price of $61.61, for a total transaction of $353,025.30. Following the transaction, the vice president now owns 34,396 shares in the company, valued at approximately $2,119,137.56. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Patricia B. Robinson sold 10,836 shares of the firm’s stock in a transaction on Tuesday, August 16th. The shares were sold at an average price of $59.83, for a total transaction of $648,317.88. Following the transaction, the director now owns 22,390 shares in the company, valued at approximately $1,339,593.70. The disclosure for this sale can be found here. Insiders own 1.40% of the company’s stock.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in TREX. BlackRock Fund Advisors increased its position in shares of Trex by 76.1% in the first quarter. BlackRock Fund Advisors now owns 2,203,509 shares of the company’s stock valued at $105,614,000 after buying an additional 951,960 shares during the period. Janus Capital Management LLC increased its position in shares of Trex by 1.6% in the second quarter. Janus Capital Management LLC now owns 1,411,277 shares of the company’s stock valued at $63,395,000 after buying an additional 22,184 shares during the period. Eagle Asset Management Inc. increased its position in shares of Trex by 11.4% in the second quarter. Eagle Asset Management Inc. now owns 678,636 shares of the company’s stock valued at $30,484,000 after buying an additional 69,664 shares during the period. State Street Corp increased its position in shares of Trex by 13.1% in the first quarter. State Street Corp now owns 595,269 shares of the company’s stock valued at $28,531,000 after buying an additional 68,782 shares during the period. Finally, Westwood Holdings Group Inc. increased its position in shares of Trex by 0.9% in the second quarter. Westwood Holdings Group Inc. now owns 355,891 shares of the company’s stock valued at $15,987,000 after buying an additional 3,200 shares during the period. Institutional investors and hedge funds own 97.35% of the company’s stock.

Trex Company Profile

Trex Company, Inc is a manufacturer of wood-alternative decking and railing products. The Company markets its products under the brand name Trex. The Company offers a set of outdoor living products in the decking, railing, porch, fencing, trim, steel deck framing and outdoor lighting categories. Its decking products include Trex Transcend, Trex Enhance and Trex Select.

5 Day Chart for NYSE:TREX

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