Exane BNP Paribas began coverage on shares of Trex (NYSE:TREX) in a research report sent to investors on Wednesday morning, The Fly reports. The firm issued an underperform rating on the construction company’s stock.

A number of other equities research analysts have also weighed in on the company. BNP Paribas initiated coverage on Trex in a research note on Wednesday. They set an underperform rating for the company. William Blair initiated coverage on Trex in a research report on Thursday, August 22nd. They issued an outperform rating for the company. Berenberg Bank reiterated a buy rating and issued a $80.00 target price on shares of Trex in a research report on Tuesday, July 30th. SunTrust Banks lifted their target price on Trex from $70.00 to $90.00 and gave the stock a hold rating in a research report on Thursday, October 3rd. They noted that the move was a valuation call. Finally, Zacks Investment Research lowered Trex from a buy rating to a hold rating in a research report on Saturday, July 27th. Three analysts have rated the stock with a sell rating, six have issued a hold rating and four have assigned a buy rating to the stock. The company presently has a consensus rating of Hold and a consensus target price of $81.00.

Shares of NYSE:TREX opened at $88.39 on Wednesday. The company has a market cap of $5.18 billion, a P/E ratio of 37.61, a PEG ratio of 3.75 and a beta of 1.97. The company has a debt-to-equity ratio of 0.09, a quick ratio of 2.99 and a current ratio of 3.51. Trex has a one year low of $50.88 and a one year high of $93.34. The business’s 50-day simple moving average is $87.08 and its 200 day simple moving average is $74.41.

Trex (NYSE:TREX) last issued its quarterly earnings data on Monday, July 29th. The construction company reported $0.64 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.64. Trex had a return on equity of 35.94% and a net margin of 17.61%. The firm had revenue of $206.45 million during the quarter, compared to analyst estimates of $201.70 million. During the same quarter last year, the firm earned $0.73 EPS. Trex’s quarterly revenue was down .1% on a year-over-year basis. Analysts predict that Trex will post 2.36 earnings per share for the current year.

In related news, VP Christopher Paul Gerhard sold 9,724 shares of the business’s stock in a transaction that occurred on Wednesday, August 7th. The stock was sold at an average price of $81.10, for a total transaction of $788,616.40. Following the completion of the transaction, the vice president now owns 25,810 shares in the company, valued at approximately $2,093,191. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Jay M. Gratz sold 2,817 shares of the business’s stock in a transaction that occurred on Friday, September 6th. The shares were sold at an average price of $86.67, for a total value of $244,149.39. Following the transaction, the director now owns 16,515 shares of the company’s stock, valued at approximately $1,431,355.05. The disclosure for this sale can be found here. Insiders have sold a total of 40,572 shares of company stock valued at $3,305,927 in the last 90 days. Insiders own 0.93% of the company’s stock.

Large investors have recently added to or reduced their stakes in the stock. William Blair Investment Management LLC raised its stake in Trex by 28.6% during the 2nd quarter. William Blair Investment Management LLC now owns 3,683,191 shares of the construction company’s stock valued at $264,085,000 after acquiring an additional 818,735 shares in the last quarter. Bamco Inc. NY raised its stake in Trex by 38.5% during the 2nd quarter. Bamco Inc. NY now owns 2,733,942 shares of the construction company’s stock valued at $196,024,000 after acquiring an additional 760,669 shares in the last quarter. Victory Capital Management Inc. raised its stake in Trex by 252.2% during the 2nd quarter. Victory Capital Management Inc. now owns 793,919 shares of the construction company’s stock valued at $56,925,000 after acquiring an additional 568,530 shares in the last quarter. Macquarie Group Ltd. raised its stake in Trex by 94.1% during the 2nd quarter. Macquarie Group Ltd. now owns 921,042 shares of the construction company’s stock valued at $66,039,000 after acquiring an additional 446,444 shares in the last quarter. Finally, Balyasny Asset Management LLC raised its stake in Trex by 3,641.5% during the 2nd quarter. Balyasny Asset Management LLC now owns 455,308 shares of the construction company’s stock valued at $32,646,000 after acquiring an additional 443,139 shares in the last quarter. Institutional investors and hedge funds own 96.86% of the company’s stock.

About Trex

Trex Co, Inc engages in the manufacture of wood-alternative decking and railing. Its products include deck framing and drainage, outdoor lighting, furniture, pergola and outdoor kitchens, fencing, collections, and accessory hardware. It operates through the following segments Trex Residential Products and Trex Commercial Products.

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The Fly

Analyst Recommendations for Trex (NYSE:TREX)

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