Shares of Trex Company, Inc. (NYSE: TREX) received an average “Hold” rating from the sixteen brokerages that currently hedge the stock, reports Marketbeat.com. One research analyst rated the stock with a sell rating, ten gave a conservation rating and three issued a buy rating on the company. The 12-month average target price among brokers who reported on the stock in the past year is $ 102.00.
Several research analysts have weighed in on the company recently. B. Riley increased his price target on Trex from $ 103.00 to $ 108.00 and gave the stock a “neutral” rating in a research report on Tuesday, August 3. DA Davidson lowered its price target on Trex from $ 108.00 to $ 100.00 and set a “neutral” rating for the company in a research report released on Tuesday, August 3. They noted that the move was an appraisal call. Zacks Investment Research downgraded Trex from a “hold” rating to a “sell” rating in a research report released on Thursday, October 7. Finally, Robert W. Baird downgraded Trex from an “outperforming” rating to a “neutral” rating and lowered its target price for the stock from $ 116.00 to $ 108.00 in a research report released on Tuesday 12 October.
NYSE: TREX opened at $ 93.38 on Monday. Trex has a one-year low of $ 64.26 and a one-year high of $ 114.61. The stock has a market cap of $ 10.77 billion, a PE ratio of 55.25 and a beta of 1.51. The stock has a 50-day moving average price of $ 106.40 and a 200-day moving average price of $ 102.50.
Trex (NYSE: TREX) last released its quarterly results on Sunday, August 1. The construction company reported EPS of $ 0.53 for the quarter, hitting the consensus estimate of $ 0.53. Trex recorded a return on equity of 33.86% and a net margin of 19.27%. The company posted revenue of $ 311.60 million in the quarter, compared to $ 302.57 million expected by analysts. In the same quarter of last year, the company made earnings per share of $ 0.41. The company’s revenue for the quarter increased 41.2% year-over-year. As a group, sell-side analysts predict that Trex will post EPS of 2.05 for the current year.
In other Trex news, insider Adam Dante Zambanini sold 7,239 shares of the company in a trade on Friday August 6. The stock was sold for an average price of $ 104.77, for a total value of $ 758,430.03. The transaction was disclosed in a legal file with the SEC, accessible through this link. In addition, director Patricia B. Robinson sold 7,452 shares of the company in a trade on Monday, August 9. The shares were sold for an average price of $ 105.49, for a total value of $ 786,111.48. Following the closing of the sale, the Director now owns 60,995 shares of the company, valued at $ 6,434,362.55. Disclosure of this sale can be found here. During the last quarter, insiders sold 33,123 shares of the company valued at $ 3,353,827. 0.69% of the shares are currently held by insiders of the company.
Several institutional investors and hedge funds have recently bought and sold shares in the company. SeaCrest Wealth Management LLC increased its position in shares of Trex by 4.1% during the second quarter. SeaCrest Wealth Management LLC now owns 2,450 shares of the construction company valued at $ 250,000 after purchasing 96 additional shares in the last quarter. Wealthcare Advisory Partners LLC increased its position in Trex by 3.5% in the second quarter. Wealthcare Advisory Partners LLC now owns 3,188 shares of the construction company valued at $ 326,000 after acquiring 108 additional shares during the period. Oak Ridge Investments LLC increased its position in Trex by 1.5% in the 2nd quarter. Oak Ridge Investments LLC now owns 8,039 shares of the construction company valued at $ 822,000 after acquiring an additional 120 shares during the period. Advisory Services Network LLC increased its position in Trex by 5.2% in the 2nd quarter. Advisory Services Network LLC now owns 2,547 shares of the construction company valued at $ 260,000 after acquiring 125 additional shares during the period. Finally, ProShare Advisors LLC strengthened its position in Trex by 1.3% in the second quarter. ProShare Advisors LLC now owns 9,524 shares of the construction company valued at $ 973,000 after acquiring an additional 125 shares during the period. Institutional investors and hedge funds hold 92.93% of the company’s shares.
Trex Co, Inc is dedicated to manufacturing alternative wood decks and railings. Its products include patio framing and drainage, outdoor lighting, furniture, pergolas and outdoor kitchens, fences, collections and accessory hardware. It operates in the following segments, Trex Home Products and Trex Commercial Products.
Read more: What is the Federal Reserve?
This instant news alert was powered by storytelling technology and MarketBeat financial data to provide readers with the fastest, most accurate reports. This story was reviewed by the MarketBeat editorial team prior to publication. Please send any questions or comments about this story to [email protected]
Should you invest $ 1,000 in Trex now?
Before you consider Trex, you’ll want to hear this.
MarketBeat tracks Wall Street’s top-rated and top-performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts quietly whisper to their clients to buy now before the broader market takes hold of… and Trex was not on the list.
While Trex currently has a “Hold” rating among analysts, top-rated analysts believe these five stocks are better bets.
See the 5 actions here