Trex (NYSE:TREX) Price Target Lowered to $66.00 at Zelman & Associates

Trex (NYSE:TREX) had its price objective reduced by Zelman & Associates from $74.00 to $66.00 in a research note published on Friday morning,Benzinga reports. They currently have an outperform rating on the construction company’s stock.

Other equities research analysts have also recently issued reports about the stock. B. Riley raised shares of Trex to a “strong-buy” rating in a research report on Monday, July 21st. The Goldman Sachs Group decreased their price objective on shares of Trex from $83.00 to $73.00 and set a “buy” rating for the company in a research report on Monday, October 13th. UBS Group reissued a “neutral” rating and issued a $74.00 price target (up from $72.00) on shares of Trex in a research report on Tuesday, August 5th. Zacks Research cut shares of Trex from a “hold” rating to a “strong sell” rating in a research report on Monday, October 13th. Finally, Stifel Nicolaus set a $61.00 price target on shares of Trex and gave the company a “buy” rating in a research report on Wednesday, October 8th. Two research analysts have rated the stock with a Strong Buy rating, nine have issued a Buy rating, eight have assigned a Hold rating and two have given a Sell rating to the stock. According to MarketBeat, Trex presently has a consensus rating of “Moderate Buy” and an average price target of $70.71.

Trex Trading Down 0.2%

Trex stock opened at $50.89 on Friday. The stock has a market cap of $5.46 billion, a P/E ratio of 29.41, a price-to-earnings-growth ratio of 2.12 and a beta of 1.49. The company has a fifty day simple moving average of $57.47 and a 200-day simple moving average of $58.10. Trex has a 12-month low of $49.01 and a 12-month high of $80.74.

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

Insider Activity at Trex

In other news, SVP Amy M. Fernandez sold 1,538 shares of the company’s stock in a transaction dated 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 approximately $1,473,123.54. This represents a 6.28% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 0.71% of the company’s stock.

Institutional Investors Weigh In On Trex

Institutional investors and hedge funds have recently made changes to their positions in the business. Armstrong Advisory Group Inc. purchased a new stake in shares of Trex in the second quarter valued at about $31,000. Parallel Advisors LLC raised its holdings in shares of Trex by 28.4% in the second quarter. Parallel Advisors LLC now owns 1,049 shares of the construction company’s stock valued at $57,000 after buying an additional 232 shares during the last quarter. Caitong International Asset Management Co. Ltd purchased a new stake in shares of Trex in the second quarter valued at about $60,000. Brooklyn Investment Group raised its holdings in shares of Trex by 35,733.3% in the first quarter. Brooklyn Investment Group now owns 1,075 shares of the construction company’s stock valued at $62,000 after buying an additional 1,072 shares during the last quarter. Finally, CWM LLC increased its stake in shares of Trex by 16.8% during the second quarter. CWM LLC now owns 1,141 shares of the construction company’s stock worth $62,000 after acquiring an additional 164 shares during the period. 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.