It offers decking products under the names Trex Transcend, Trex Select, 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. The company operates in two segments, Trex Residential and Trex Commercial.
Trex Company, Inc manufactures and distributes decking, railing, and outdoor living products and accessories for residential and commercial markets in the United States. According to MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $77.11. Two analysts have rated the stock with a sell rating, eleven have issued a hold rating and seven have issued a buy rating to the company’s stock. Finally, Truist Financial dropped their price target on shares of Trex from $90.00 to $85.00 and set a “buy” rating on the stock in a research report on Tuesday, August 9th. Credit Suisse Group raised shares of Trex from an “underperform” rating to a “neutral” rating and set a $65.00 price objective on the stock in a research note on Tuesday, May 10th. Stephens cut their target price on shares of Trex from $90.00 to $65.00 and set an “overweight” rating on the stock in a research note on Tuesday, August 9th. BNP Paribas upgraded shares of Trex from an “underperform” rating to a “neutral” rating and set a $75.00 price objective for the company in a research report on Friday, May 20th. Barclays lowered their price objective on shares of Trex from $63.00 to $53.00 and set an “equal weight” rating on the stock in a research note on Tuesday, August 9th.
TREX has been the topic of several recent analyst reports. On average, analysts predict that Trex Company, Inc. The company’s revenue was up 24.0% on a year-over-year basis. During the same period last year, the firm posted $0.53 EPS. The business had revenue of $386.25 million during the quarter, compared to analyst estimates of $380.22 million. Trex had a net margin of 18.94% and a return on equity of 42.33%. The construction company reported $0.79 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.67 by $0.12. Trex ( NYSE:TREX – Get Rating) last announced its quarterly earnings data on Monday, August 8th. 93.63% of the stock is owned by institutional investors.
Finally, Baldwin Brothers LLC MA bought a new position in shares of Trex during the first quarter worth $56,000. Prospera Financial Services Inc bought a new position in Trex in the first quarter valued at approximately $55,000. acquired a new stake in shares of Trex in the first quarter valued at approximately $54,000. acquired a new stake in shares of Trex during the fourth quarter worth approximately $46,000. UMB Bank N A MO acquired a new position in shares of Trex in the fourth quarter worth $32,000. Handelsbanken Fonder AB owned approximately 0.63% of Trex worth $47,366,000 as of its most recent SEC filing.Ī number of other institutional investors and hedge funds have also added to or reduced their stakes in the business. The fund owned 725,032 shares of the construction company’s stock after selling 26,900 shares during the quarter.
( NYSE:TREX – Get Rating) by 3.6% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. Handelsbanken Fonder AB cut its stake in shares of Trex Company, Inc.
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