Trex’s (TREX) Hold Rating Reiterated at Stifel Nicolaus

Stifel Nicolaus reissued their hold rating on shares of Trex (NYSE:TREX) in a research report released on Monday morning, MarketBeat.com reports. The firm currently has a $35.00 target price on the construction company’s stock, down from their prior target price of $61.00.

Several other analysts also recently weighed in on the stock. Zacks Research downgraded shares of Trex from a “hold” rating to a “strong sell” rating in a research note on Monday, October 13th. Barclays lowered their target price on Trex from $54.00 to $35.00 and set an “underweight” rating for the company in a research note on Thursday, November 6th. Bank of America restated an “underperform” rating and set a $36.00 price target (down from $67.00) on shares of Trex in a research report on Wednesday, November 5th. Wall Street Zen upgraded Trex from a “sell” rating to a “hold” rating in a research report on Saturday, August 9th. Finally, Weiss Ratings lowered Trex from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Friday, November 7th. One equities research analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating, twelve have issued a Hold rating and four have assigned a Sell rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $52.53.

Trex Price Performance

Shares of TREX opened at $33.08 on Monday. Trex has a 1 year low of $31.21 and a 1 year high of $80.74. The stock has a 50 day simple moving average of $50.68 and a two-hundred day simple moving average of $56.67. The firm has a market cap of $3.55 billion, a P/E ratio of 19.12, a P/E/G ratio of 2.02 and a beta of 1.49.

Trex (NYSE:TREX) last posted its quarterly earnings results on Tuesday, November 4th. The construction company reported $0.51 EPS for the quarter, missing the consensus estimate of $0.57 by ($0.06). The business had revenue of $285.35 million for the quarter, compared to analysts’ expectations of $301.74 million. Trex had a return on equity of 21.27% and a net margin of 16.53%.The company’s revenue was up 22.1% compared to the same quarter last year. During the same period last year, the business posted $0.37 earnings per share. Trex has set its FY 2025 guidance at EPS. Q4 2025 guidance at EPS. On average, equities analysts anticipate that Trex will post 2.04 earnings per share for the current year.

Hedge Funds Weigh In On Trex

Several hedge funds have recently made changes to their positions in TREX. Armstrong Advisory Group Inc. bought a new stake in Trex in the second quarter valued at $31,000. Steigerwald Gordon & Koch Inc. bought a new position in Trex in the 3rd quarter worth $31,000. Parallel Advisors LLC lifted its position in shares of Trex by 28.4% in the 2nd quarter. Parallel Advisors LLC now owns 1,049 shares of the construction company’s stock worth $57,000 after purchasing an additional 232 shares during the period. Caitong International Asset Management Co. Ltd bought a new stake in shares of Trex during the 2nd quarter valued at about $60,000. Finally, Rothschild Investment LLC purchased a new position in shares of Trex during the third quarter valued at about $60,000. 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.