Trex Company Inc (NYSE:TREX) – Investment analysts at SunTrust Banks lifted their Q1 2020 earnings per share (EPS) estimates for shares of Trex in a report released on Monday, July 29th. SunTrust Banks analyst K. Hughes now anticipates that the construction company will post earnings per share of $0.73 for the quarter, up from their previous estimate of $0.72. SunTrust Banks has a “Hold” rating and a $70.00 price objective on the stock. SunTrust Banks also issued estimates for Trex’s Q3 2020 earnings at $0.65 EPS, Q4 2020 earnings at $0.53 EPS and FY2020 earnings at $2.77 EPS.
A number of other research analysts have also weighed in on the company. B. Riley reaffirmed a “buy” rating on shares of Seabridge Gold in a research report on Tuesday, April 30th. Zacks Investment Research lowered ZEALAND PHARMA/S from a “buy” rating to a “hold” rating in a research report on Saturday. DA Davidson reaffirmed a “neutral” rating on shares of Peoples Utah Bancorp in a research report on Tuesday. Finally, Berenberg Bank reaffirmed a “buy” rating and set a GBX 620 ($8.10) price objective on shares of BP in a research report on Tuesday. Five equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus target price of $75.75.
TREX stock opened at $81.03 on Wednesday. Trex has a twelve month low of $50.88 and a twelve month high of $90.74. The company has a current ratio of 2.73, a quick ratio of 2.26 and a debt-to-equity ratio of 0.11. The company has a market cap of $4.15 billion, a price-to-earnings ratio of 34.48, a PEG ratio of 2.93 and a beta of 2.12. The company’s 50 day moving average is $70.59.
Trex (NYSE:TREX) last posted its quarterly earnings data on Monday, July 29th. The construction company reported $0.64 earnings per share for the quarter, meeting the Zacks’ consensus estimate of $0.64. Trex had a return on equity of 40.07% and a net margin of 18.63%. The company had revenue of $206.45 million during the quarter, compared to analyst estimates of $201.70 million. During the same quarter last year, the company earned $0.73 EPS. The firm’s revenue for the quarter was down .1% on a year-over-year basis.
In related news, VP Jay T. Scripter sold 25,758 shares of Trex stock in a transaction on Thursday, June 20th. The stock was sold at an average price of $69.15, for a total value of $1,781,165.70. Following the completion of the sale, the vice president now owns 573 shares of the company’s stock, valued at $39,622.95. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, VP Jay T. Scripter sold 23,762 shares of Trex stock in a transaction on Monday, June 10th. The stock was sold at an average price of $69.19, for a total value of $1,644,092.78. Following the completion of the sale, the vice president now directly owns 573 shares of the company’s stock, valued at approximately $39,645.87. The disclosure for this sale can be found here. 0.93% of the stock is currently owned by company insiders.
Institutional investors and hedge funds have recently modified their holdings of the stock. Parametrica Management Ltd purchased a new position in Trex during the first quarter valued at $281,000. Motley Fool Asset Management LLC lifted its position in Trex by 19.8% during the first quarter. Motley Fool Asset Management LLC now owns 35,582 shares of the construction company’s stock valued at $2,189,000 after purchasing an additional 5,880 shares in the last quarter. Timpani Capital Management LLC purchased a new position in Trex during the first quarter valued at $1,404,000. Virtu Financial LLC purchased a new position in Trex during the first quarter valued at $628,000. Finally, Tocqueville Asset Management L.P. purchased a new position in Trex during the first quarter valued at $246,000. 98.88% of the stock is owned by institutional investors.
Trex Company Profile
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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