DA Davidson Brokers Increase Earnings Estimates for Trex

Trex Company, Inc. (NYSE:TREX) – Equities research analysts at DA Davidson boosted their FY2026 earnings per share (EPS) estimates for shares of Trex in a research note issued to investors on Monday, May 12th. DA Davidson analyst K. Yinger now anticipates that the construction company will post earnings of $2.44 per share for the year, up from their previous forecast of $2.37. DA Davidson has a “Neutral” rating and a $74.00 price objective on the stock. The consensus estimate for Trex’s current full-year earnings is $2.04 per share.

A number of other analysts have also weighed in on TREX. Barclays reduced their price target on shares of Trex from $67.00 to $54.00 and set an “underweight” rating for the company in a research note on Tuesday, April 8th. UBS Group dropped their target price on Trex from $74.00 to $72.00 and set a “neutral” rating on the stock in a report on Friday, May 9th. JPMorgan Chase & Co. decreased their price target on Trex from $79.00 to $73.00 and set a “neutral” rating for the company in a research note on Wednesday, March 5th. Benchmark reiterated a “buy” rating and set a $80.00 price target on shares of Trex in a research report on Monday. Finally, Bank of America dropped their price objective on Trex from $85.00 to $79.00 and set a “buy” rating on the stock in a research note on Tuesday, February 25th. Two analysts have rated the stock with a sell rating, eight have given a hold rating and eight have assigned a buy rating to the stock. According to MarketBeat, Trex has a consensus rating of “Hold” and a consensus price target of $76.65.

Trex Stock Down 0.2%

Shares of TREX opened at $61.67 on Wednesday. The firm has a market capitalization of $6.61 billion, a PE ratio of 28.16, a P/E/G ratio of 2.51 and a beta of 1.62. The firm has a 50-day moving average price of $57.11 and a 200 day moving average price of $65.75. Trex has a 52-week low of $49.01 and a 52-week high of $92.02.

Trex (NYSE:TREX) last issued its quarterly earnings results on Thursday, May 8th. The construction company reported $0.60 EPS for the quarter, beating analysts’ consensus estimates of $0.58 by $0.02. Trex had a return on equity of 28.89% and a net margin of 20.23%. The company had revenue of $339.99 million for the quarter, compared to analyst estimates of $329.11 million. During the same period last year, the company earned $0.82 earnings per share. The company’s quarterly revenue was down 9.0% compared to the same quarter last year.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the company. Mather Group LLC. raised its holdings in shares of 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 boosted its stake in Trex by 1,212.8% in the 4th quarter. Avior Wealth Management LLC now owns 512 shares of the construction company’s stock worth $35,000 after purchasing an additional 473 shares during the period. Huntington National Bank grew its position in Trex by 227.2% during 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 in the last quarter. Eagle Bay Advisors LLC acquired a new stake in Trex during the 4th quarter valued at $41,000. Finally, V Square Quantitative Management LLC lifted its holdings in shares of Trex by 47.4% in the fourth quarter. V Square Quantitative Management LLC now owns 628 shares of the construction company’s stock valued at $43,000 after purchasing an additional 202 shares in the last quarter. 95.96% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In other news, SVP Amy M. Fernandez sold 2,366 shares of the company’s stock in a transaction on Monday, May 12th. The stock was sold at an average price of $61.17, for a total transaction of $144,728.22. Following the completion of the sale, the senior vice president now directly owns 24,569 shares of the company’s stock, valued at $1,502,885.73. This represents a 8.78% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Melkeya Mcduffie sold 1,420 shares of the stock in a transaction on Friday, February 28th. The shares were sold at an average price of $61.88, for a total value of $87,869.60. Following the completion of the transaction, the director now owns 1,705 shares of the company’s stock, valued at $105,505.40. This trade represents a 45.44% decrease in their position. The disclosure for this sale can be found here. Insiders own 0.71% of the company’s stock.

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.