Trex Company, Inc. (NYSE:TREX) Receives Average Rating of “Hold” from Analysts

Trex Company, Inc. (NYSE:TREX) has earned an average recommendation of “Hold” from the sixteen analysts that are covering the company, Marketbeat.com reports. One equities research analyst has rated the stock with a sell rating, nine have issued a hold rating and six have issued a buy rating on the company. The average twelve-month target price among brokerages that have updated their coverage on the stock in the last year is $78.63.

Several analysts have recently commented on TREX shares. StockNews.com cut shares of Trex from a “hold” rating to a “sell” rating in a research note on Wednesday, March 5th. DA Davidson restated a “neutral” rating and issued a $74.00 price objective on shares of Trex in a research report on Tuesday, February 25th. Bank of America dropped their target price on Trex from $85.00 to $79.00 and set a “buy” rating on the stock in a research report on Tuesday, February 25th. UBS Group reduced their price target on Trex from $76.00 to $74.00 and set a “neutral” rating for the company in a report on Tuesday, February 25th. Finally, JPMorgan Chase & Co. dropped their price objective on Trex from $79.00 to $73.00 and set a “neutral” rating on the stock in a report on Wednesday, March 5th.

Insider Buying and Selling at Trex

In other news, Director Melkeya Mcduffie sold 1,420 shares of the company’s stock in a transaction on Friday, February 28th. The stock was sold at an average price of $61.88, for a total value of $87,869.60. Following the sale, the director now directly owns 1,705 shares in the company, valued at $105,505.40. This represents a 45.44 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 0.71% of the company’s stock.

Institutional Trading of Trex

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Wilmington Savings Fund Society FSB acquired a new stake in shares of Trex during the 3rd quarter worth about $30,000. Mather Group LLC. grew its position 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 acquiring an additional 191 shares during the period. Avior Wealth Management LLC increased its stake in 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 acquiring an additional 473 shares during the last quarter. Huntington National Bank raised its holdings 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 purchasing an additional 393 shares during the period. Finally, Eagle Bay Advisors LLC acquired a new position in shares of Trex in the 4th quarter valued at about $41,000. Hedge funds and other institutional investors own 95.96% of the company’s stock.

Trex Stock Performance

Shares of Trex stock opened at $59.41 on Friday. The company has a market capitalization of $6.37 billion, a P/E ratio of 27.13, a PEG ratio of 2.51 and a beta of 1.60. Trex has a 1 year low of $52.75 and a 1 year high of $100.33. The company’s fifty day moving average is $64.83 and its two-hundred day moving average is $67.94.

Trex (NYSE:TREX) last issued its quarterly earnings results on Monday, February 24th. The construction company reported $0.09 earnings per share (EPS) 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 firm had revenue of $167.63 million for the quarter, compared to analysts’ expectations of $160.54 million. As a group, equities analysts expect that Trex will post 2.04 earnings per share for the current 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.