Jefferies Financial Group Cuts Trex (NYSE:TREX) Price Target to $71.00

Trex (NYSE:TREX) had its price target cut by Jefferies Financial Group from $81.00 to $71.00 in a research report report published on Tuesday,Benzinga reports. They currently have a hold rating on the construction company’s stock.

A number of other analysts also recently issued reports on the stock. DA Davidson reissued a “neutral” rating and set a $74.00 price target on shares of Trex in a report on Tuesday. Citigroup lowered their target price on shares of Trex from $84.00 to $78.00 and set a “neutral” rating on the stock in a research note on Monday, January 6th. StockNews.com lowered Trex from a “hold” rating to a “sell” rating in a research note 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 report on Tuesday, October 29th. Finally, UBS Group dropped their price objective on Trex from $76.00 to $74.00 and set a “neutral” rating on the stock in a report on Tuesday. One investment analyst has rated the stock with a sell rating, ten have given a hold rating and six have issued a buy rating to the company’s stock. According to MarketBeat, Trex currently has a consensus rating of “Hold” and a consensus price target of $78.38.

Trex Stock Performance

Shares of TREX opened at $60.30 on Tuesday. The business’s 50-day moving average is $69.34 and its two-hundred day moving average is $68.69. The company has a market capitalization of $6.46 billion, a P/E ratio of 27.53, a P/E/G ratio of 2.51 and a beta of 1.51. Trex has a fifty-two week low of $58.68 and a fifty-two week high of $100.77.

Trex (NYSE:TREX) last posted its earnings results on Monday, February 24th. The construction company reported $0.09 EPS for the quarter, topping the consensus estimate of $0.04 by $0.05. The firm had revenue of $167.63 million for the quarter, compared to analyst estimates of $160.54 million. Trex had a return on equity of 28.89% and a net margin of 20.23%. Analysts forecast that Trex will post 2.04 EPS for the current year.

Institutional Investors Weigh In On Trex

A number of large investors have recently modified their holdings of the business. B. Riley Wealth Advisors Inc. acquired a new position in Trex during the fourth quarter worth about $318,000. Putney Financial Group LLC purchased a new position in Trex in the 4th quarter worth approximately $2,470,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its holdings in shares of Trex by 3.3% during the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 373,986 shares of the construction company’s stock worth $25,816,000 after purchasing an additional 11,845 shares during the last quarter. Woodline Partners LP grew its position in shares of Trex by 65.8% in the fourth quarter. Woodline Partners LP now owns 312,491 shares of the construction company’s stock valued at $21,571,000 after purchasing an additional 124,070 shares in the last quarter. Finally, Vident Advisory LLC increased its holdings in shares of Trex by 2.2% in the fourth quarter. Vident Advisory LLC now owns 47,099 shares of the construction company’s stock valued at $3,251,000 after purchasing an additional 996 shares during the last quarter. Hedge funds and other institutional investors 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.