Trex (NYSE:TREX) had its target price raised by equities research analysts at Stifel Nicolaus from $95.00 to $99.00 in a report released on Monday, December 23rd, The Fly reports. The brokerage presently has a “buy” rating on the construction company’s stock. Stifel Nicolaus’ target price suggests a potential upside of 0.05% from the company’s previous close.
Several other equities analysts have also issued reports on TREX. SunTrust Banks lifted their price target on Trex from $70.00 to $90.00 and gave the company a “hold” rating in a research note on Thursday, October 3rd. They noted that the move was a valuation call. B. Riley raised their target price on shares of Trex from $72.00 to $93.00 and gave the company a “neutral” rating in a research report on Tuesday, October 29th. Deutsche Bank started coverage on shares of Trex in a report on Wednesday, November 27th. They set a “hold” rating for the company. Zacks Investment Research lowered Trex from a “buy” rating to a “hold” rating in a research report on Wednesday, December 11th. Finally, Exane BNP Paribas began coverage on Trex in a research note on Wednesday, October 9th. They set an “underperform” rating on the stock. Three equities research analysts have rated the stock with a sell rating, five have given a hold rating and five have issued a buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average price target of $92.22.
TREX stock traded up $3.08 during trading hours on Monday, hitting $98.95. 505,000 shares of the stock were exchanged, compared to its average volume of 472,060. Trex has a 12 month low of $57.55 and a 12 month high of $99.64. The firm has a market capitalization of $5.59 billion, a P/E ratio of 42.11, a P/E/G ratio of 3.30 and a beta of 1.89. The company has a 50-day simple moving average of $89.21 and a two-hundred day simple moving average of $84.78. The company has a current ratio of 3.52, a quick ratio of 3.02 and a debt-to-equity ratio of 0.08.
Trex (NYSE:TREX) last posted its quarterly earnings data on Monday, October 28th. The construction company reported $0.72 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.68 by $0.04. Trex had a net margin of 18.65% and a return on equity of 35.80%. The firm had revenue of $195.00 million during the quarter, compared to the consensus estimate of $208.12 million. During the same quarter in the previous year, the firm posted $0.57 EPS. The business’s revenue for the quarter was up 17.2% compared to the same quarter last year. On average, equities research analysts predict that Trex will post 2.4 earnings per share for the current year.
In other Trex news, CFO Bryan Horix Fairbanks sold 11,435 shares of the stock in a transaction dated Wednesday, October 30th. The shares were sold at an average price of $83.92, for a total transaction of $959,625.20. Following the completion of the transaction, the chief financial officer now owns 46,318 shares in the company, valued at $3,887,006.56. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Adam Dante Zambanini sold 4,344 shares of the business’s stock in a transaction that occurred on Thursday, October 31st. The shares were sold at an average price of $84.20, for a total transaction of $365,764.80. Following the completion of the sale, the insider now directly owns 88,229 shares in the company, valued at approximately $7,428,881.80. The disclosure for this sale can be found here. In the last quarter, insiders sold 18,571 shares of company stock worth $1,558,410. Corporate insiders own 0.93% of the company’s stock.
Institutional investors have recently bought and sold shares of the company. Evoke Wealth LLC bought a new stake in shares of Trex during the 3rd quarter valued at $27,000. Penserra Capital Management LLC grew its holdings in Trex by 25.0% during the 3rd quarter. Penserra Capital Management LLC now owns 730 shares of the construction company’s stock valued at $66,000 after buying an additional 146 shares in the last quarter. Advisor Group Inc. increased its position in shares of Trex by 31.6% during the second quarter. Advisor Group Inc. now owns 1,009 shares of the construction company’s stock valued at $72,000 after buying an additional 242 shares during the period. ETF Managers Group LLC lifted its holdings in shares of Trex by 6.0% in the second quarter. ETF Managers Group LLC now owns 2,790 shares of the construction company’s stock worth $194,000 after buying an additional 159 shares in the last quarter. Finally, Cetera Advisor Networks LLC purchased a new stake in shares of Trex in the third quarter worth about $217,000.
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.