Trex’s (TREX) “Hold” Rating Reaffirmed at Stifel Nicolaus

Stifel Nicolaus restated their hold rating on shares of Trex (NYSE:TREX) in a report published on Monday morning, Marketbeat reports. Stifel Nicolaus currently has a $35.00 target price on the construction company’s stock, down from their prior target price of $61.00.

Several other equities analysts have also recently issued reports on the company. Vertical Research cut Trex from a “buy” rating to a “hold” rating and set a $32.00 target price on the stock. in a research report on Wednesday, November 5th. JPMorgan Chase & Co. decreased their price target on Trex from $71.00 to $40.00 and set a “neutral” rating on the stock in a research note on Thursday, November 6th. Truist Financial dropped their price objective on Trex from $75.00 to $50.00 and set a “buy” rating on the stock in a report on Wednesday, November 5th. William Blair downgraded Trex from an “outperform” rating to a “market perform” rating in a report on Wednesday, November 5th. Finally, DA Davidson set a $45.00 target price on shares of Trex and gave the stock a “neutral” rating in a research report on Wednesday, November 5th. One equities research analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating, twelve have assigned a Hold rating and four have issued a Sell rating to the stock. According to data from MarketBeat, Trex presently has an average rating of “Hold” and an average target price of $52.53.

Trex Stock Performance

Shares of TREX opened at $32.19 on Monday. The stock has a market capitalization of $3.45 billion, a P/E ratio of 18.61, a P/E/G ratio of 2.02 and a beta of 1.49. Trex has a 1 year low of $31.21 and a 1 year high of $80.74. The company’s fifty day moving average is $51.76 and its two-hundred day moving average is $57.01.

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

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in TREX. Armstrong Advisory Group Inc. acquired a new position in Trex during the second quarter worth about $31,000. Steigerwald Gordon & Koch Inc. purchased a new position in Trex during the third quarter worth $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 worth $57,000 after acquiring 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 $60,000. Finally, Rothschild Investment LLC purchased a new stake in Trex during the 3rd quarter worth about $60,000. Institutional investors and hedge funds 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.