Trex Company, Inc. (NYSE:TREX) Given Average Recommendation of “Hold” by Analysts

Shares of Trex Company, Inc. (NYSE:TREX) have been assigned a consensus recommendation of “Hold” from the seventeen brokerages that are covering the firm, MarketBeat Ratings reports. One analyst has rated the stock with a sell rating, nine have given a hold rating and seven have issued a buy rating on the company. The average 12-month price objective among brokerages that have issued a report on the stock in the last year is $77.18.

TREX has been the subject of several recent research reports. DA Davidson reissued a “neutral” rating and issued a $74.00 price objective on shares of Trex in a research report on Tuesday, February 25th. Barclays lowered their price target on Trex from $67.00 to $54.00 and set an “underweight” rating for the company in a report on Tuesday, April 8th. JPMorgan Chase & Co. reduced their price objective on Trex from $79.00 to $73.00 and set a “neutral” rating on the stock in a research note on Wednesday, March 5th. Jefferies Financial Group lowered their target price on Trex from $81.00 to $71.00 and set a “hold” rating for the company in a research note on Tuesday, February 25th. Finally, Deutsche Bank Aktiengesellschaft initiated coverage on Trex in a research report on Tuesday, April 1st. They set a “buy” rating and a $85.00 price target on the stock.

Insider Activity at Trex

In related news, Director Melkeya Mcduffie sold 1,420 shares of Trex stock in a transaction dated Friday, February 28th. The stock was sold at an average price of $61.88, for a total value of $87,869.60. Following the completion of the transaction, the director now directly owns 1,705 shares in the company, valued at approximately $105,505.40. This trade represents a 45.44 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 0.71% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the company. Wilmington Savings Fund Society FSB acquired a new stake in shares of Trex during the 3rd quarter valued at approximately $30,000. Mather Group LLC. increased its stake in Trex by 73.5% during the fourth quarter. Mather Group LLC. now owns 451 shares of the construction company’s stock valued at $31,000 after purchasing an additional 191 shares during the last quarter. Avior Wealth Management LLC raised its holdings in shares of Trex by 1,212.8% during the fourth quarter. Avior Wealth Management LLC now owns 512 shares of the construction company’s stock worth $35,000 after purchasing an additional 473 shares during the period. Huntington National Bank lifted its position in shares of Trex by 227.2% in the 4th quarter. Huntington National Bank now owns 566 shares of the construction company’s stock worth $39,000 after buying an additional 393 shares during the last quarter. Finally, Eagle Bay Advisors LLC acquired a new position in shares of Trex in the 4th quarter valued at about $41,000. Institutional investors own 95.96% of the company’s stock.

Trex Trading Up 0.6 %

TREX stock opened at $55.26 on Tuesday. The company has a market cap of $5.92 billion, a PE ratio of 25.23, a price-to-earnings-growth ratio of 2.51 and a beta of 1.62. The stock has a 50-day moving average price of $60.02 and a two-hundred day moving average price of $66.85. Trex has a 12-month low of $49.01 and a 12-month high of $94.00.

Trex (NYSE:TREX) last issued its earnings results on Monday, February 24th. The construction company reported $0.09 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 analysts’ expectations of $160.54 million. Equities analysts forecast that Trex will post 2.04 EPS for the current fiscal year.

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.