Analysts Set Trex Company, Inc. (NYSE:TREX) Target Price at $79.94

Shares of Trex Company, Inc. (NYSE:TREX) have been given an average recommendation of “Hold” by the sixteen analysts that are presently covering the stock, MarketBeat reports. One investment analyst has rated the stock with a sell rating, nine have assigned a hold rating and six have assigned a buy rating to the company. The average 1-year price objective among analysts that have issued ratings on the stock in the last year is $79.81.

A number of equities research analysts have recently commented on TREX shares. Barclays lowered their price target on shares of Trex from $68.00 to $67.00 and set an “underweight” rating for the company in a report on Tuesday, October 29th. DA Davidson boosted their price target on Trex from $70.00 to $74.00 and gave the company a “neutral” rating in a report on Tuesday, October 29th. Robert W. Baird increased their price target on Trex from $70.00 to $78.00 and gave the stock a “neutral” rating in a research note on Tuesday, October 29th. Jefferies Financial Group lowered their price objective on Trex from $77.00 to $73.00 and set a “hold” rating for the company in a research report on Wednesday, October 9th. Finally, Citigroup reduced their target price on Trex from $84.00 to $78.00 and set a “neutral” rating on the stock in a research report on Monday, January 6th.

Trex Stock Performance

TREX stock opened at $64.71 on Friday. The stock’s 50 day moving average price is $72.28 and its 200 day moving average price is $70.25. The firm has a market cap of $6.93 billion, a P/E ratio of 29.55, a PEG ratio of 3.50 and a beta of 1.50. Trex has a 1 year low of $58.68 and a 1 year high of $101.91.

Trex (NYSE:TREX) last issued its quarterly earnings data on Monday, October 28th. The construction company reported $0.37 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.32 by $0.05. The business had revenue of $233.72 million for the quarter, compared to the consensus estimate of $225.42 million. Trex had a return on equity of 28.89% and a net margin of 20.23%. The business’s revenue was down 23.1% on a year-over-year basis. During the same period in the prior year, the business earned $0.57 earnings per share. On average, research analysts predict that Trex will post 2.05 earnings per share for the current year.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in the company. Wilmington Savings Fund Society FSB acquired a new stake in shares of Trex during the third quarter worth $30,000. UMB Bank n.a. raised its stake in Trex by 150.8% during the third quarter. UMB Bank n.a. now owns 652 shares of the construction company’s stock worth $43,000 after acquiring an additional 392 shares during the period. Ashton Thomas Private Wealth LLC bought a new position in Trex in the second quarter worth about $44,000. Quarry LP boosted its stake in Trex by 576.4% in the second quarter. Quarry LP now owns 602 shares of the construction company’s stock valued at $45,000 after acquiring an additional 513 shares during the period. Finally, GAMMA Investing LLC grew its holdings in shares of Trex by 274.9% during the fourth quarter. GAMMA Investing LLC now owns 701 shares of the construction company’s stock valued at $48,000 after purchasing an additional 514 shares during the last quarter. Institutional investors and hedge funds own 95.96% of the company’s stock.

Trex Company Profile

Trex Company, Inc manufactures and distributes composite decking, railing, and outdoor living products and accessories for residential and commercial markets in the United States. It offers decking products and accessories under the names Trex Transcend, Trex Select, Trex Signature, Trex Transcend Lineage, and Trex Enhance for protection against fading, staining, mold, and scratching; Trex Hideaway, a hidden fastening system; and Trex DeckLighting, a LED dimmable deck lighting for use on posts, floors, and steps.