Raymond James Financial Services Advisors Inc. grew its holdings in shares of Trex by 6.6% during the third quarter. Morgan Stanley now owns 414,757 shares of the construction company’s stock valued at $42,393,000 after buying an additional 137,260 shares in the last quarter. Morgan Stanley grew its holdings in Trex by 49.5% during the 2nd quarter. now owns 337,153 shares of the construction company’s stock valued at $20,742,000 after buying an additional 113,161 shares in the last quarter.
grew its holdings in Trex by 50.5% during the 1st quarter. On average, sell-side analysts expect that Trex will post 2.44 earnings per share for the current year.Ī number of hedge funds have recently bought and sold shares of TREX. During the same quarter last year, the firm posted $0.37 EPS. The company’s quarterly revenue was up 33.1% on a year-over-year basis. Trex had a net margin of 17.41% and a return on equity of 36.80%. The company had revenue of $303.96 million during the quarter, compared to the consensus estimate of $302.64 million. The construction company reported $0.55 EPS for the quarter, topping the consensus estimate of $0.53 by $0.02. Trex ( NYSE:TREX – Get Rating) last announced its quarterly earnings data on Monday, February 28th. Trex has a 52 week low of $55.66 and a 52 week high of $140.98. The stock has a market cap of $6.73 billion, a P/E ratio of 32.51, a P/E/G ratio of 1.42 and a beta of 1.44. The firm has a fifty day simple moving average of $70.08 and a 200-day simple moving average of $98.72. The company’s stock had a trading volume of 20,271 shares, compared to its average volume of 1,392,296. NYSE TREX traded down $0.48 during trading hours on Tuesday, reaching $58.84. According to data from, the stock presently has an average rating of “Hold” and an average price target of $96.72. Six equities research analysts have rated the stock with a sell rating, eight have given a hold rating and five have issued a buy rating to the stock. Riley upgraded Trex from a “neutral” rating to a “buy” rating and set a $88.00 price objective on the stock in a research note on Wednesday, April 6th.
Loop Capital cut Trex from a “buy” rating to a “hold” rating and dropped their price objective for the company from $118.00 to $68.00 in a research note on Monday, April 25th. They issued a “hold” rating for the company. Zelman & Associates assumed coverage on shares of Trex in a research report on Monday, March 14th. in a research report on Monday, March 28th. Exane BNP Paribas downgraded shares of Trex from a “neutral” rating to an “underperform” rating and set a $81.00 price target for the company. They issued an “underperform” rating and a $60.00 price target for the company.
Bank of America assumed coverage on shares of Trex in a research report on Monday, April 25th. TREX has been the subject of several other research reports.