Shares of Trex Company, Inc. (NYSE:TREX) have earned an average rating of “Buy” from the eight research firms that are presently covering the stock, Marketbeat.com reports. Three investment analysts have rated the stock with a hold rating, two have issued a buy rating and two have given a strong buy rating to the company. The average 12 month price target among brokerages that have covered the stock in the last year is $75.20.
A number of brokerages have issued reports on TREX. Zacks Investment Research upgraded Trex from a “hold” rating to a “strong-buy” rating and set a $89.00 target price on the stock in a report on Thursday, August 3rd. Stifel Nicolaus restated a “hold” rating and set a $75.00 target price on shares of Trex in a report on Thursday, August 3rd. Griffin Securities cut Trex from a “buy” rating to a “neutral” rating in a report on Tuesday, August 1st. FBR & Co raised their target price on Trex from $69.00 to $80.00 and gave the stock a “mkt perform” rating in a report on Tuesday, August 1st. Finally, BidaskClub upgraded Trex from a “buy” rating to a “strong-buy” rating in a report on Monday, July 31st.
In related news, VP Christopher Paul Gerhard sold 3,920 shares of Trex stock in a transaction that occurred on Monday, August 7th. The stock was sold at an average price of $79.69, for a total value of $312,384.80. Following the sale, the vice president now owns 26,560 shares of the company’s stock, valued at approximately $2,116,566.40. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CFO Bryan Horix Fairbanks sold 2,000 shares of Trex stock in a transaction that occurred on Wednesday, August 2nd. The shares were sold at an average price of $75.43, for a total value of $150,860.00. Following the completion of the sale, the chief financial officer now directly owns 18,167 shares in the company, valued at approximately $1,370,336.81. The disclosure for this sale can be found here. Insiders have sold a total of 14,644 shares of company stock worth $1,117,992 in the last quarter. 0.95% of the stock is currently owned by company insiders.
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Shares of Trex (NYSE TREX) opened at 75.85 on Friday. Trex has a 52 week low of $50.81 and a 52 week high of $82.04. The stock has a market capitalization of $2.23 billion, a P/E ratio of 29.08 and a beta of 2.36. The company’s 50-day moving average is $72.24 and its 200 day moving average is $69.23.
Trex (NYSE:TREX) last posted its quarterly earnings results on Monday, July 31st. The construction company reported $0.97 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.88 by $0.09. The business had revenue of $158 million for the quarter, compared to analysts’ expectations of $160.40 million. Trex had a return on equity of 56.76% and a net margin of 15.12%. The firm’s quarterly revenue was up 7.9% compared to the same quarter last year. During the same quarter last year, the business earned $0.79 earnings per share. On average, equities analysts forecast that Trex will post $2.99 EPS for the current fiscal year.
Trex Company, Inc is a manufacturer of wood-alternative decking and railing products. The Company’s products are marketed under the brand name Trex and are manufactured in the United States. It offers a set of outdoor living products in the decking, railing, porch, fencing, trim, steel deck framing and outdoor lighting categories.
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