Shares of Trex Company Inc (NYSE:TREX) have been assigned an average rating of “Hold” from the fifteen research firms that are covering the stock, Marketbeat.com reports. Three investment analysts have rated the stock with a sell recommendation, seven have assigned a hold recommendation and three have given a buy recommendation to the company. The average 12-month price target among analysts that have issued a report on the stock in the last year is $63.77.

Several research firms recently commented on TREX. Benchmark cut shares of Trex from a “buy” rating to a “hold” rating and set a $68.00 price target for the company. in a report on Tuesday, July 21st. Truist Financial raised their price target on shares of Trex from $63.00 to $70.00 and gave the stock a “hold” rating in a report on Tuesday, August 4th. Barclays began coverage on shares of Trex in a report on Tuesday, July 7th. They set an “equal weight” rating and a $67.00 price target for the company. DA Davidson raised their price target on shares of Trex from $55.00 to $62.50 and gave the stock a “neutral” rating in a report on Tuesday, August 4th. They noted that the move was a valuation call. Finally, Stifel Nicolaus raised their price target on shares of Trex from $57.50 to $69.00 and gave the stock a “buy” rating in a report on Tuesday, June 30th.

Hedge funds and other institutional investors have recently bought and sold shares of the business. Amundi Pioneer Asset Management Inc. raised its position in shares of Trex by 50.5% in the first quarter. Amundi Pioneer Asset Management Inc. now owns 337,153 shares of the construction company’s stock valued at $20,742,000 after purchasing an additional 113,161 shares during the period. Aperio Group LLC raised its position in shares of Trex by 4.2% in the first quarter. Aperio Group LLC now owns 50,462 shares of the construction company’s stock valued at $4,044,000 after purchasing an additional 2,042 shares during the period. Jennison Associates LLC raised its position in shares of Trex by 1.8% in the first quarter. Jennison Associates LLC now owns 170,642 shares of the construction company’s stock valued at $13,675,000 after purchasing an additional 2,935 shares during the period. New York State Common Retirement Fund raised its position in shares of Trex by 17.4% in the first quarter. New York State Common Retirement Fund now owns 150,926 shares of the construction company’s stock valued at $12,095,000 after purchasing an additional 22,372 shares during the period. Finally, Russell Investments Group Ltd. raised its position in shares of Trex by 87.4% in the first quarter. Russell Investments Group Ltd. now owns 58,611 shares of the construction company’s stock valued at $4,698,000 after purchasing an additional 27,329 shares during the period. Hedge funds and other institutional investors own 99.72% of the company’s stock.

Shares of TREX opened at $69.88 on Friday. Trex has a one year low of $28.11 and a one year high of $140.16. The company has a 50-day moving average of $75.11 and a two-hundred day moving average of $58.47. The stock has a market cap of $4.04 billion, a price-to-earnings ratio of 24.35 and a beta of 1.62.

Trex (NYSE:TREX) last announced its earnings results on Monday, August 3rd. The construction company reported $0.40 EPS for the quarter, topping the consensus estimate of $0.32 by $0.08. Trex had a net margin of 21.41% and a return on equity of 36.64%. The company had revenue of $220.65 million during the quarter, compared to analysts’ expectations of $201.21 million. During the same period last year, the company posted $0.31 earnings per share. The business’s revenue for the quarter was up 6.9% on a year-over-year basis. On average, sell-side analysts forecast that Trex will post 2.89 EPS for the current year.

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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Analyst Recommendations for Trex (NYSE:TREX)

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