Trex deck estimate1/12/2024 ![]() ![]() The company operates in two segments, Trex Residential and Trex Commercial. Trex Company, Inc manufactures and distributes composite decking, railing, and outdoor living products and accessories for residential and commercial markets in the United States. Institutional investors and hedge funds own 94.81% of the company’s stock. Belpointe Asset Management LLC now owns 797 shares of the construction company’s stock valued at $39,000 after buying an additional 436 shares in the last quarter. Finally, Belpointe Asset Management LLC boosted its stake in shares of Trex by 120.8% in the first quarter. EverSource Wealth Advisors LLC now owns 723 shares of the construction company’s stock valued at $31,000 after buying an additional 673 shares in the last quarter. EverSource Wealth Advisors LLC boosted its stake in shares of Trex by 1,346.0% in the fourth quarter. Quarry LP purchased a new stake in shares of Trex in the first quarter valued at approximately $31,000. Signaturefd LLC now owns 549 shares of the construction company’s stock valued at $27,000 after purchasing an additional 350 shares during the last quarter. Signaturefd LLC grew its stake in shares of Trex by 175.9% in the 1st quarter. Covestor Ltd now owns 382 shares of the construction company’s stock valued at $25,000 after purchasing an additional 245 shares during the last quarter. Covestor Ltd grew its stake in shares of Trex by 178.8% in the 1st quarter. ![]() Several institutional investors have recently added to or reduced their stakes in the company. will post 1.61 earnings per share for the current year. Research analysts anticipate that Trex Company, Inc. During the same quarter in the previous year, the company posted $0.62 earnings per share. The firm’s revenue was down 29.5% compared to the same quarter last year. Trex had a return on equity of 30.02% and a net margin of 15.37%. ![]() The company had revenue of $239.00 million for the quarter, compared to analyst estimates of $237.65 million. The construction company reported $0.38 EPS for the quarter, topping the consensus estimate of $0.33 by $0.05. Trex ( NYSE:TREX – Free Report) last released its quarterly earnings results on Monday, May 8th. According to data from, the stock presently has an average rating of “Hold” and a consensus price target of $61.13. Two research analysts have rated the stock with a sell rating, three have assigned a hold rating and eight have issued a buy rating to the company’s stock. Finally, cut Trex from a “hold” rating to a “sell” rating in a report on Thursday, June 29th. Deutsche Bank Aktiengesellschaft raised their target price on Trex from $71.00 to $72.00 in a report on Tuesday, May 9th. Barclays raised their target price on Trex from $53.00 to $57.00 in a report on Tuesday, May 9th. Loop Capital raised their target price on Trex from $64.00 to $65.00 in a report on Tuesday, May 9th. Baird raised their target price on Trex from $58.00 to $62.00 in a report on Tuesday, May 9th. TREX has been the subject of a number of research analyst reports. The stock had previously closed at $65.56. The company traded as high as $66.72 and last traded at $66.64, with a volume of 39200 shares changing hands. ( NYSE:TREX – Free Report)’s share price hit a new 52-week high during trading on Monday. ![]()
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