Trex’s (TREX) “Hold” Rating Reaffirmed at Stifel Nicolaus

Trex (NYSE:TREX)‘s stock had its “hold” rating reissued by investment analysts at Stifel Nicolaus in a research report issued on Monday,Benzinga reports. They presently have a $35.00 target price on the construction company’s stock, down from their prior target price of $61.00. Stifel Nicolaus’ price objective suggests a potential upside of 6.30% from the stock’s previous close.

Other research analysts have also issued reports about the company. Bank of America reiterated an “underperform” rating and set a $36.00 target price (down from $67.00) on shares of Trex in a report on Wednesday, November 5th. JPMorgan Chase & Co. dropped their price target on Trex from $71.00 to $40.00 and set a “neutral” rating on the stock in a research report on Thursday. Deutsche Bank Aktiengesellschaft cut Trex from a “buy” rating to a “hold” rating and set a $40.00 target price for the company. in a research note on Wednesday. Loop Capital restated a “hold” rating and set a $66.00 target price on shares of Trex in a report on Tuesday, August 5th. Finally, B. Riley reaffirmed a “buy” rating and issued a $57.00 price target (down previously from $80.00) on shares of Trex in a research note on Wednesday. One analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating, twelve have assigned a Hold rating and four have assigned a Sell rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $52.53.

Trex Trading Up 3.2%

Shares of TREX opened at $32.93 on Monday. The stock has a market cap of $3.53 billion, a P/E ratio of 19.03, a price-to-earnings-growth ratio of 2.02 and a beta of 1.49. The stock’s 50-day moving average price is $52.35 and its two-hundred day moving average price is $57.20. Trex has a 1 year low of $31.21 and a 1 year high of $80.74.

Trex (NYSE:TREX) last issued its quarterly earnings data on Tuesday, November 4th. The construction company reported $0.51 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.57 by ($0.06). The firm had revenue of $285.35 million for the quarter, compared to analyst estimates of $301.74 million. Trex had a net margin of 16.53% and a return on equity of 21.27%. The firm’s revenue for the quarter was up 22.1% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.37 EPS. Trex has set its FY 2025 guidance at EPS. Q4 2025 guidance at EPS. As a group, equities analysts forecast that Trex will post 2.04 EPS for the current year.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in TREX. Price T Rowe Associates Inc. MD boosted its stake in shares of Trex by 132.8% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 7,297,863 shares of the construction company’s stock worth $424,007,000 after acquiring an additional 4,163,014 shares during the period. American Century Companies Inc. lifted its holdings in Trex by 8.4% during the 2nd quarter. American Century Companies Inc. now owns 2,137,918 shares of the construction company’s stock valued at $116,260,000 after purchasing an additional 165,793 shares during the last quarter. Impax Asset Management Group plc boosted its position in Trex by 93.0% during the third quarter. Impax Asset Management Group plc now owns 1,934,581 shares of the construction company’s stock worth $99,354,000 after purchasing an additional 932,247 shares during the period. Madison Asset Management LLC boosted its position in Trex by 1.2% during the third quarter. Madison Asset Management LLC now owns 1,893,081 shares of the construction company’s stock worth $97,815,000 after purchasing an additional 22,027 shares during the period. Finally, Geneva Capital Management LLC increased its holdings in shares of Trex by 7.6% in the second quarter. Geneva Capital Management LLC now owns 1,722,606 shares of the construction company’s stock valued at $93,675,000 after purchasing an additional 121,722 shares during the last quarter. 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.