The Goldman Sachs Group Cuts Trex (NYSE:TREX) Price Target to $73.00

Trex (NYSE:TREX) had its target price cut by The Goldman Sachs Group from $83.00 to $73.00 in a research note published on Monday,Benzinga reports. They currently have a buy rating on the construction company’s stock.

Several other research analysts have also recently weighed in on TREX. DA Davidson set a $60.00 price objective on shares of Trex and gave the company a “neutral” rating in a report on Thursday, October 9th. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Trex in a report on Wednesday, October 8th. JPMorgan Chase & Co. reduced their target price on shares of Trex from $73.00 to $71.00 and set a “neutral” rating for the company in a report on Wednesday, August 6th. Wall Street Zen raised shares of Trex from a “sell” rating to a “hold” rating in a report on Saturday, August 9th. Finally, UBS Group reaffirmed a “neutral” rating and set a $74.00 target price (up from $72.00) on shares of Trex in a report on Tuesday, August 5th. Two investment analysts have rated the stock with a Strong Buy rating, eight have given a Buy rating, eight have issued a Hold rating and two have issued a Sell rating to the company. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $71.00.

Trex Stock Down 1.2%

TREX opened at $52.52 on Monday. The firm has a 50 day moving average price of $57.86 and a 200-day moving average price of $58.20. Trex has a twelve month low of $49.01 and a twelve month high of $80.74. The stock has a market capitalization of $5.63 billion, a price-to-earnings ratio of 30.36, a PEG ratio of 2.21 and a beta of 1.49.

Trex (NYSE:TREX) last released its quarterly earnings data on Monday, August 4th. The construction company reported $0.74 earnings per share for the quarter, beating the consensus estimate of $0.72 by $0.02. Trex had a net margin of 16.53% and a return on equity of 21.27%. The firm had revenue of $387.80 million during the quarter, compared to analysts’ expectations of $377.49 million. During the same period in the previous year, the company earned $0.80 earnings per share. The firm’s quarterly revenue was up 3.0% on a year-over-year basis. Trex has set its Q3 2025 guidance at EPS. As a group, analysts expect that Trex will post 2.04 earnings per share for the current year.

Insider Activity

In other news, SVP Amy M. Fernandez sold 1,538 shares of the stock in a transaction on Wednesday, August 6th. The shares were sold at an average price of $64.18, for a total value of $98,708.84. Following the completion of the sale, the senior vice president directly owned 22,953 shares of the company’s stock, valued at $1,473,123.54. This represents a 6.28% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.71% of the stock is currently owned by company insiders.

Institutional Trading of Trex

Hedge funds and other institutional investors have recently modified their holdings of the company. GAMMA Investing LLC increased its stake in shares of Trex by 137.7% in the first quarter. GAMMA Investing LLC now owns 1,666 shares of the construction company’s stock worth $97,000 after purchasing an additional 965 shares in the last quarter. Teacher Retirement System of Texas purchased a new stake in shares of Trex in the first quarter worth $911,000. Red Spruce Capital LLC increased its stake in shares of Trex by 276.5% in the second quarter. Red Spruce Capital LLC now owns 56,973 shares of the construction company’s stock worth $3,098,000 after purchasing an additional 41,841 shares in the last quarter. Voya Investment Management LLC grew its stake in Trex by 24.0% during the first quarter. Voya Investment Management LLC now owns 395,913 shares of the construction company’s stock valued at $23,003,000 after acquiring an additional 76,562 shares in the last quarter. Finally, State of Alaska Department of Revenue grew its stake in Trex by 2.7% during the first quarter. State of Alaska Department of Revenue now owns 12,546 shares of the construction company’s stock valued at $728,000 after acquiring an additional 330 shares in the last quarter. 95.96% of the stock is owned by hedge funds and other institutional investors.

Trex Company Profile

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.