Q3 2021 EPS Estimates for Trex Company, Inc. Lifted by Truist Securiti (NYSE:TREX)

Trex Company, Inc. (NYSE:TREX) – Equities research analysts at Truist Securiti lifted their Q3 2021 earnings per share (EPS) estimates for Trex in a note issued to investors on Monday, April 12th. Truist Securiti analyst K. Hughes now forecasts that the construction company will post earnings per share of $0.61 for the quarter, up from their previous forecast of $0.56. Truist Securiti also issued estimates for Trex’s Q4 2022 earnings at $0.59 EPS and FY2022 earnings at $2.35 EPS.

Trex (NYSE:TREX) last announced its quarterly earnings results on Sunday, February 21st. The construction company reported $0.37 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.36 by $0.01. The firm had revenue of $228.29 million for the quarter, compared to the consensus estimate of $215.99 million. Trex had a net margin of 20.53% and a return on equity of 35.52%. The business’s quarterly revenue was up 38.5% compared to the same quarter last year. During the same quarter last year, the firm posted $0.31 EPS.

A number of other analysts also recently issued reports on the stock. Zacks Investment Research downgraded shares of Trex from a “buy” rating to a “hold” rating in a report on Friday, February 26th. Barclays raised their price target on shares of Trex from $99.00 to $104.00 and gave the company an “equal weight” rating in a report on Wednesday. BMO Capital Markets began coverage on shares of Trex in a report on Wednesday, January 13th. They issued a “market perform” rating and a $90.00 price objective on the stock. Loop Capital began coverage on shares of Trex in a report on Tuesday. They issued a “buy” rating and a $110.00 price objective on the stock. Finally, Robert W. Baird raised their price objective on shares of Trex from $100.00 to $105.00 and gave the stock an “outperform” rating in a report on Monday, March 1st. Thirteen research analysts have rated the stock with a hold rating and six have issued a buy rating to the company. The company presently has an average rating of “Hold” and a consensus target price of $85.53.

Shares of NYSE TREX opened at $103.34 on Wednesday. The firm’s 50-day moving average price is $93.04 and its 200-day moving average price is $85.87. The company has a market cap of $11.97 billion, a PE ratio of 71.52 and a beta of 1.46. Trex has a 52-week low of $38.29 and a 52-week high of $107.64.

In other Trex news, Director James E. Cline sold 12,588 shares of the firm’s stock in a transaction dated Wednesday, February 24th. The stock was sold at an average price of $92.13, for a total transaction of $1,159,732.44. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Jay M. Gratz sold 3,692 shares of the firm’s stock in a transaction dated Friday, March 26th. The shares were sold at an average price of $90.13, for a total value of $332,759.96. Following the sale, the director now directly owns 24,770 shares in the company, valued at $2,232,520.10. The disclosure for this sale can be found here. Over the last three months, insiders have sold 20,280 shares of company stock worth $1,860,572. Insiders own 0.79% of the company’s stock.

A number of large investors have recently bought and sold shares of TREX. Perigon Wealth Management LLC purchased a new position in shares of Trex during the fourth quarter valued at about $27,000. HM Payson & Co. grew its position in shares of Trex by 100.0% during the third quarter. HM Payson & Co. now owns 400 shares of the construction company’s stock valued at $29,000 after purchasing an additional 200 shares in the last quarter. Tompkins Financial Corp purchased a new position in shares of Trex during the fourth quarter valued at about $31,000. Graves Light Private Wealth Management Inc. purchased a new position in shares of Trex during the fourth quarter valued at about $33,000. Finally, Montag A & Associates Inc. purchased a new position in shares of Trex during the fourth quarter valued at about $39,000. 98.56% of the stock is currently owned by institutional investors and hedge funds.

About Trex

Trex Co, Inc engages in the manufacture of wood-alternative decking and railing. Its products include deck framing and drainage, outdoor lighting, furniture, pergola and outdoor kitchens, fencing, collections, and accessory hardware. It operates through the following segments Trex Residential Products and Trex Commercial Products.

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Earnings History and Estimates for Trex (NYSE:TREX)

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