Trex Company Inc (NYSE:TREX) has been assigned a consensus rating of “Hold” from the six research firms that are presently covering the firm, Marketbeat Ratings reports. Four analysts have rated the stock with a hold rating and two have issued a buy rating on the company. The average 1-year target price among brokers that have issued ratings on the stock in the last year is $39.00.

Several research analysts have weighed in on the stock. Zacks Investment Research cut shares of Trex from a “buy” rating to a “hold” rating in a report on Thursday, November 1st. Sidoti cut shares of Trex from a “buy” rating to a “neutral” rating in a report on Friday, August 10th. Finally, SunTrust Banks lowered their price target on shares of Trex to $58.00 and set a “hold” rating on the stock in a report on Tuesday, October 30th.

Trex stock traded up $0.44 during trading hours on Thursday, hitting $59.51. The company had a trading volume of 853,700 shares, compared to its average volume of 479,276. The stock has a market cap of $3.60 billion, a P/E ratio of 37.66 and a beta of 2.25. Trex has a one year low of $50.72 and a one year high of $90.74.

Trex (NYSE:TREX) last released its quarterly earnings results on Monday, October 29th. The construction company reported $0.57 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.52 by $0.05. The firm had revenue of $166.38 million for the quarter, compared to analysts’ expectations of $173.10 million. Trex had a net margin of 19.16% and a return on equity of 46.55%. The business’s revenue was up 18.7% on a year-over-year basis. During the same period in the prior year, the firm earned $0.68 EPS. As a group, equities analysts forecast that Trex will post 2.29 EPS for the current year.

In other news, VP Christopher Paul Gerhard sold 2,990 shares of the firm’s stock in a transaction that occurred on Wednesday, August 22nd. The shares were sold at an average price of $83.58, for a total transaction of $249,904.20. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. 1.17% of the stock is currently owned by company insiders.

Several institutional investors and hedge funds have recently made changes to their positions in the company. Advisory Services Network LLC boosted its position in shares of Trex by 100.0% during the 2nd quarter. Advisory Services Network LLC now owns 2,000 shares of the construction company’s stock worth $133,000 after acquiring an additional 1,000 shares in the last quarter. Whittier Trust Co. boosted its position in shares of Trex by 100.0% during the 2nd quarter. Whittier Trust Co. now owns 2,958 shares of the construction company’s stock worth $185,000 after acquiring an additional 1,479 shares in the last quarter. Bank of Montreal Can acquired a new stake in shares of Trex during the 2nd quarter worth approximately $187,000. US Bancorp DE boosted its position in shares of Trex by 100.0% during the 2nd quarter. US Bancorp DE now owns 3,084 shares of the construction company’s stock worth $193,000 after acquiring an additional 1,542 shares in the last quarter. Finally, First Citizens Bank & Trust Co. acquired a new stake in shares of Trex during the 3rd quarter worth approximately $204,000. 89.56% of the stock is currently owned by institutional investors.

Trex Company Profile

Trex Company, Inc manufactures and distributes wood/plastic composite products, and related accessories primarily for the residential and commercial decking, and railing applications in the United States. It offers Trex Transcend, Trex Enhance, and Trex Select protective shells for protection against fading, staining, mold, and scratching; and Trex Hideaway, a hidden fastening system for grooved boards.

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