Trex Company Inc (NYSE:TREX) has been given an average recommendation of “Hold” by the ten brokerages that are currently covering the firm, Marketbeat.com reports. Eight equities research analysts have rated the stock with a hold recommendation, one has given a buy recommendation and one has issued a strong buy recommendation on the company. The average 12 month target price among brokers that have covered the stock in the last year is $85.29.
Several research analysts have weighed in on TREX shares. BidaskClub lowered shares of Trex from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, August 22nd. Zacks Investment Research lowered shares of Trex from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, October 4th. B. Riley reiterated a “neutral” rating and issued a $96.00 price objective (up previously from $80.00) on shares of Trex in a research note on Wednesday, November 1st. Stifel Nicolaus reiterated a “hold” rating and issued a $89.00 price objective on shares of Trex in a research note on Wednesday, November 1st. Finally, SunTrust Banks reiterated a “hold” rating and issued a $95.00 price objective on shares of Trex in a research note on Wednesday, November 1st.
In other news, VP Jay T. Scripter sold 1,116 shares of the stock in a transaction on Wednesday, November 1st. The shares were sold at an average price of $108.59, for a total transaction of $121,186.44. Following the transaction, the vice president now owns 14,212 shares in the company, valued at approximately $1,543,281.08. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Frank H. Merlotti, Jr. sold 2,158 shares of the company’s stock in a transaction on Wednesday, November 15th. The stock was sold at an average price of $105.51, for a total transaction of $227,690.58. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 7,014 shares of company stock worth $764,529. 0.95% of the stock is currently owned by company insiders.
Trex (NYSE TREX) traded up $0.97 during mid-day trading on Monday, hitting $108.28. 494,800 shares of the stock were exchanged, compared to its average volume of 236,004. Trex has a twelve month low of $61.57 and a twelve month high of $118.65. The firm has a market capitalization of $3,186.29, a price-to-earnings ratio of 35.74 and a beta of 2.43.
Trex (NYSE:TREX) last released its quarterly earnings results on Monday, October 30th. The construction company reported $0.68 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.55 by $0.13. The business had revenue of $140.19 million for the quarter, compared to analyst estimates of $125.30 million. Trex had a net margin of 16.61% and a return on equity of 51.30%. The firm’s revenue was up 32.0% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.26 earnings per share. equities research analysts predict that Trex will post 3.11 EPS for the current fiscal year.
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Trex Company Profile
Trex Company, Inc is a manufacturer of wood-alternative decking and railing products. The Company’s products are marketed under the brand name Trex and are manufactured in the United States. It offers a set of outdoor living products in the decking, railing, porch, fencing, trim, steel deck framing and outdoor lighting categories.
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