Trex Company, Inc. (TREX) Price Target Raised to $96.00 at FBR & Co

Trex Company, Inc. (NYSE:TREX) had its price objective lifted by FBR & Co from $80.00 to $96.00 in a research note issued to investors on Tuesday morning, Marketbeat.com reports. They currently have a neutral rating on the construction company’s stock.

Several other research analysts have also issued reports on TREX. BidaskClub upgraded Trex from a hold rating to a buy rating in a research report on Wednesday, July 12th. Stifel Nicolaus restated a hold rating and set a $70.00 target price on shares of Trex in a research report on Friday, July 14th. Griffin Securities lowered Trex from a buy rating to a neutral rating in a research report on Tuesday, August 1st. Zacks Investment Research lowered Trex from a buy rating to a hold rating in a research report on Wednesday, August 2nd. Finally, Sidoti lowered Trex from a buy rating to a neutral rating and set a $89.00 target price for the company. in a research report on Monday, October 2nd. Seven investment analysts have rated the stock with a hold rating, two have given a buy rating and one has assigned a strong buy rating to the company’s stock. The stock currently has a consensus rating of Hold and an average target price of $90.00.

Trex (NYSE TREX) opened at $104.44 on Tuesday. The stock has a market cap of $3,159.06, a PE ratio of 35.43 and a beta of 2.41.

Trex (NYSE:TREX) last announced its earnings results on Monday, October 30th. The construction company reported $0.68 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.55 by $0.13. Trex had a return on equity of 51.30% and a net margin of 16.61%. The business had revenue of $140.19 million during the quarter, compared to analyst estimates of $125.30 million. During the same quarter in the previous year, the business earned $0.26 earnings per share. The company’s revenue for the quarter was up 32.0% compared to the same quarter last year. sell-side analysts predict that Trex will post 3.1 earnings per share for the current year.

COPYRIGHT VIOLATION NOTICE: This piece was published by Community Financial News and is the sole property of of Community Financial News. If you are viewing this piece on another domain, it was illegally copied and reposted in violation of United States & international copyright law. The legal version of this piece can be accessed at https://www.com-unik.info/2017/11/04/trex-company-inc-trex-price-target-raised-to-96-00-at-fbr-co.html.

In other Trex news, VP Christopher Paul Gerhard sold 3,920 shares of the company’s stock in a transaction on Monday, August 7th. The stock was sold at an average price of $79.69, for a total transaction of $312,384.80. Following the completion of the sale, the vice president now owns 26,560 shares in the company, valued at $2,116,566.40. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, VP Jay T. Scripter sold 1,116 shares of the company’s stock in a transaction on Wednesday, November 1st. The stock was sold at an average price of $108.59, for a total value of $121,186.44. Following the sale, the vice president now owns 14,212 shares of the company’s stock, valued at approximately $1,543,281.08. The disclosure for this sale can be found here. Insiders sold 7,129 shares of company stock valued at $592,032 in the last quarter. 0.95% of the stock is owned by company insiders.

Institutional investors have recently bought and sold shares of the business. AHL Partners LLP lifted its holdings in Trex by 39.7% during the second quarter. AHL Partners LLP now owns 4,617 shares of the construction company’s stock worth $312,000 after buying an additional 1,311 shares during the period. Eagle Asset Management Inc. lifted its holdings in Trex by 4.9% during the second quarter. Eagle Asset Management Inc. now owns 932,946 shares of the construction company’s stock worth $63,123,000 after buying an additional 43,648 shares during the period. AQR Capital Management LLC lifted its holdings in Trex by 3.8% during the first quarter. AQR Capital Management LLC now owns 28,660 shares of the construction company’s stock worth $1,989,000 after buying an additional 1,039 shares during the period. Old Mutual Global Investors UK Ltd. lifted its holdings in Trex by 31,908.5% during the second quarter. Old Mutual Global Investors UK Ltd. now owns 33,929 shares of the construction company’s stock worth $2,295,000 after buying an additional 33,823 shares during the period. Finally, Janus Henderson Group PLC purchased a new stake in Trex during the second quarter worth $76,849,000. Institutional investors own 92.27% of the company’s stock.

About Trex

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.

Analyst Recommendations for Trex (NYSE:TREX)

What are top analysts saying about Trex Company Inc.? - Enter your email address in the form below to receive our free daily email newsletter that contains the latest headlines and analysts' recommendations for for Trex Company Inc. and related companies.

Comments

Leave a Reply


share news on Facebook
tweet this investment news
share on linkedin
share on StockTwits
share on Google Plus
share on reddit