Trex Stock Forecast, Price & News (NYSE:TREX)

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

1.60 out of 5 stars

91st out of 101 stocks

4th out of 4 stocks

Trex has received a consensus rating of Buy. The company's average rating score is 2.58, and is based on 8 buy ratings, 3 hold ratings, and 1 sell rating.

According to analysts' consensus price target of $61.13, Trex has a forecasted upside of 6.4% from its current price of $57.48.

Trex has only been the subject of 2 research reports in the past 90 days.

Trex does not currently pay a dividend.

Trex does not have a long track record of dividend growth.

In the past three months, Trex insiders have not sold or bought any company stock.

Only 0.71% of the stock of Trex is held by insiders.

94.64% of the stock of Trex is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

Earnings for Trex are expected to grow by 15.53% in the coming year, from $1.61 to $1.86 per share.

The P/E ratio of Trex is 41.35, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 136.01.

The P/E ratio of Trex is 41.35, which means that it is trading at a more expensive P/E ratio than the Construction sector average P/E ratio of about 13.47.

Trex has a PEG Ratio of 4.52. PEG Ratios above 1 indicate that a company could be overvalued.

Trex has a P/B Ratio of 12.18. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities.

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. The Trex Residential segment offers Fencing, Railing, Decking and Accessories. The Trex Commercial Products segment offers Architectural Railing System, Aluminum Railing Systems, Staging Equipment and Accessories. The company was founded by Andrew U. Ferrari and Roger A. Wittenberg on September 4, 1998, and is headquartered in Winchester, VA.

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12 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Trex in the last twelve months. There are currently 1 sell rating, 3 hold ratings and 8 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "buy" TREX shares. View TREX analyst ratings or view top-rated stocks.

12 Wall Street research analysts have issued twelve-month target prices for Trex's stock. Their TREX share price forecasts range from $43.00 to $72.00. On average, they anticipate the company's stock price to reach $61.13 in the next year. This suggests a possible upside of 5.5% from the stock's current price. View analysts price targets for TREX or view top-rated stocks among Wall Street analysts.

Trex's stock was trading at $42.33 on January 1st, 2023. Since then, TREX shares have increased by 36.9% and is now trading at $57.96. View the best growth stocks for 2023 here.

The company is scheduled to release its next quarterly earnings announcement on Monday, August 14th 2023. View our TREX earnings forecast.

Trex Company, Inc. (NYSE:TREX) posted its quarterly earnings results on Monday, May, 8th. The construction company reported $0.38 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.33 by $0.05. The construction company earned $239 million during the quarter, compared to the consensus estimate of $237.65 million. Trex had a trailing twelve-month return on equity of 30.02% and a net margin of 15.37%. Trex's revenue for the quarter was down 29.5% compared to the same quarter last year. During the same period in the previous year, the company earned $0.62 EPS.

ETFs with the largest weight of Trex (NYSE:TREX) stock in their portfolio include AdvisorShares Focused Equity ETF (CWS), SPDR S&P Homebuilders ETF (XHB), Motley Fool Small-Cap Growth ETF (TMFS), JPMorgan Sustainable Consumption ETF (CIRC), MFAM Small-Cap Growth ETF (MFMS), Pacer Lunt MidCap Multi-Factor Alternator ETF (PAMC), Invesco S&P MidCap Quality ETF (XMHQ) and iShares U.S. Home Construction ETF (ITB).

Trex's stock split before market open on Monday, September 14th 2020. The 2-1 split was announced on Monday, August 3rd 2020. The newly created shares were payable to shareholders after the market closes on Friday, September 11th 2020. An investor that had 100 shares of stock prior to the split would have 200 shares after the split.

Trex updated its second quarter 2023 earnings guidance on Monday, May, 8th. The company provided EPS guidance of for the period. The company issued revenue guidance of $310.00 million-$320.00 million, compared to the consensus revenue estimate of $307.99 million.

4 employees have rated Trex Chief Executive Officer Bryan Fairbanks on Glassdoor.com. Bryan Fairbanks has an approval rating of 86% among the company's employees.

Based on aggregate information from My MarketBeat watchlists, some companies that other Trex investors own include NVIDIA (NVDA), Block (SQ), Shopify (SHOP), Trade Desk (TTD), Walt Disney (DIS), Salesforce (CRM), Skyworks Solutions (SWKS), Tesla (TSLA), DocuSign (DOCU) and Mastercard (MA).

Trex trades on the New York Stock Exchange (NYSE) under the ticker symbol "TREX."

Trex's stock is owned by a variety of institutional and retail investors. Top institutional investors include BlackRock Inc. (12.34%), Wasatch Advisors LP (5.55%), Clearbridge Investments LLC (4.23%), State Street Corp (3.19%), Macquarie Group Ltd. (2.91%) and Artisan Partners Limited Partnership (2.57%). Insiders that own company stock include Adam Dante Zambanini, Bryan Horix Fairbanks, Dennis Charles Schemm, James E Cline, James E Cline, Jay M Gratz, Michael F Golden, Patricia B Robinson, Richard E Posey, William R Gupp and William R Gupp. View institutional ownership trends.

Shares of TREX stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab. Compare Top Brokerages Here.

One share of TREX stock can currently be purchased for approximately $57.96.

Trex (NYSE:TREX) has a market capitalization of $6.31 billion and generates $1.01 billion in revenue each year. The construction company earns $184.63 million in net income (profit) each year or $1.39 on an earnings per share basis.

The company employs 1,636 workers across the globe.

Trex's mailing address is 160 EXETER DRIVE, WINCHESTER VA, 22603. The official website for the company is www.trex.com. The construction company can be reached via phone at (540) 542-6300 or via fax at 540-678-1820.

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