UBS Group Issues Pessimistic Forecast for Trex (NYSE:TREX) Stock Price

Trex (NYSE:TREX) had its price target lowered by research analysts at UBS Group from $74.00 to $50.00 in a report issued on Wednesday,Benzinga reports. The brokerage presently has a “neutral” rating on the construction company’s stock. UBS Group’s target price would suggest a potential upside of 56.99% from the company’s current price.

Other analysts have also issued reports about the company. Loop Capital reiterated a “hold” rating and issued a $66.00 price objective 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 note on Monday, October 13th. Vertical Research cut shares of Trex from a “buy” rating to a “hold” rating and set a $32.00 target price for the company. in a research report on Wednesday. Robert W. Baird raised Trex from a “neutral” rating to an “outperform” rating and increased their price target for the company from $65.00 to $75.00 in a research note on Thursday, July 10th. Finally, DA Davidson set a $45.00 price objective on Trex and gave the stock a “neutral” rating in a research note on Wednesday. One investment analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating, twelve have issued a Hold rating and three have issued a Sell rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $53.89.

Trex Stock Performance

Shares of TREX opened at $31.85 on Wednesday. Trex has a 52-week low of $31.21 and a 52-week high of $80.74. The stock has a fifty day moving average price of $52.92 and a two-hundred day moving average price of $57.33. The company has a market cap of $3.42 billion, a price-to-earnings ratio of 18.41, a PEG ratio of 2.02 and a beta of 1.49.

Trex (NYSE:TREX) last issued its quarterly earnings results on Tuesday, November 4th. The construction company reported $0.51 earnings per share for the quarter, missing analysts’ consensus estimates of $0.57 by ($0.06). The company had revenue of $285.35 million during 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 business’s revenue for the quarter was up 22.1% on a year-over-year basis. During the same period in the prior year, the business earned $0.37 EPS. Trex has set its FY 2025 guidance at EPS. Q4 2025 guidance at EPS. As a group, research analysts predict that Trex will post 2.04 EPS for the current fiscal year.

Hedge Funds Weigh In On Trex

Institutional investors have recently modified their holdings of the business. Assetmark Inc. increased its stake in Trex by 3,769.6% during the 3rd quarter. Assetmark Inc. now owns 2,167 shares of the construction company’s stock worth $112,000 after purchasing an additional 2,111 shares in the last quarter. Impax Asset Management Group plc increased its position in shares of 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 acquiring an additional 932,247 shares in the last quarter. Krilogy Financial LLC acquired a new stake in shares of Trex during the third quarter worth $467,000. Madison Asset Management LLC lifted its position in Trex by 1.2% in the 3rd quarter. Madison Asset Management LLC now owns 1,893,081 shares of the construction company’s stock valued at $97,815,000 after acquiring an additional 22,027 shares in the last quarter. Finally, MQS Management LLC acquired a new position in Trex in the 3rd quarter worth $259,000. 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.