Trex (NYSE:TREX) Given Neutral Rating at DA Davidson

DA Davidson reaffirmed their neutral rating on shares of Trex (NYSE:TREX) in a research report sent to investors on Tuesday morning,Benzinga reports. DA Davidson currently has a $74.00 price objective on the construction company’s stock. DA Davidson also issued estimates for Trex’s Q1 2025 earnings at $0.54 EPS and FY2026 earnings at $2.52 EPS.

Several other research analysts have also recently issued reports on TREX. BMO Capital Markets increased their price objective on Trex from $67.00 to $72.00 and gave the stock a “market perform” rating in a research report on Tuesday, October 29th. Barclays reduced their target price on Trex from $68.00 to $67.00 and set an “underweight” rating on the stock in a research note on Tuesday, October 29th. UBS Group decreased their target price on shares of Trex from $76.00 to $74.00 and set a “neutral” rating on the stock in a research report on Tuesday. Robert W. Baird raised their target price on shares of Trex from $70.00 to $78.00 and gave the stock a “neutral” rating in a research report on Tuesday, October 29th. Finally, Bank of America decreased their target price on Trex from $85.00 to $79.00 and set a “buy” rating for the company in a report on Tuesday. One equities research analyst has rated the stock with a sell rating, ten have issued a hold rating and six have given a buy rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $78.38.

Trex Stock Down 2.0 %

Shares of Trex stock opened at $60.30 on Tuesday. Trex has a 52 week low of $58.68 and a 52 week high of $100.77. The firm’s 50 day moving average is $69.34 and its two-hundred day moving average is $68.69. The firm 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 (NYSE:TREX) last posted its quarterly earnings data on Monday, February 24th. The construction company reported $0.09 earnings per share for the quarter, beating the consensus estimate of $0.04 by $0.05. Trex had a return on equity of 28.89% and a net margin of 20.23%. The business had revenue of $167.63 million during the quarter, compared to the consensus estimate of $160.54 million. As a group, research analysts expect that Trex will post 2.04 earnings per share for the current fiscal year.

Institutional Trading of Trex

A number of hedge funds have recently modified their holdings of the company. Wilmington Savings Fund Society FSB bought a new stake in shares of Trex during the third quarter worth $30,000. Mather Group LLC. lifted its holdings in Trex by 73.5% during the 4th quarter. Mather Group LLC. now owns 451 shares of the construction company’s stock worth $31,000 after buying an additional 191 shares in the last quarter. Avior Wealth Management LLC boosted its position in Trex by 1,212.8% in the 4th quarter. Avior Wealth Management LLC now owns 512 shares of the construction company’s stock valued at $35,000 after buying an additional 473 shares during the last quarter. Huntington National Bank increased its stake in shares of Trex by 227.2% in the 4th quarter. Huntington National Bank now owns 566 shares of the construction company’s stock valued at $39,000 after buying an additional 393 shares during the period. Finally, Eagle Bay Advisors LLC bought a new stake in shares of Trex during the fourth quarter worth $41,000. Institutional investors own 95.96% of the company’s stock.

About Trex

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.