5/22/2023 0 Comments Trex pergolaThe construction company reported $0.23 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.22 by $0.01. ![]() Trex ( NYSE:TREX – Get Rating) last announced its quarterly earnings data on Monday, February 27th. The stock has a market capitalization of $5.31 billion, a P/E ratio of 29.95, a price-to-earnings-growth ratio of 5.75 and a beta of 1.49. The company’s 50 day simple moving average is $51.43 and its 200-day simple moving average is $47.76. has a one year low of $38.68 and a one year high of $81.19. According to data from, the stock currently has an average rating of “Hold” and a consensus target price of $62.24. Four investment analysts have rated the stock with a sell rating, seven have given a hold rating and seven have given a buy rating to the company. Finally, Credit Suisse Group reissued an “underperform” rating and issued a $43.00 price target on shares of Trex in a research report on Tuesday, February 28th. Stephens increased their price target on shares of Trex from $53.00 to $65.00 and gave the stock an “overweight” rating in a research report on Tuesday, February 28th. Baird increased their price target on shares of Trex from $52.00 to $58.00 and gave the stock a “neutral” rating in a research report on Tuesday, February 28th. ![]() Benchmark increased their price target on shares of Trex from $60.00 to $64.00 and gave the stock a “buy” rating in a research report on Wednesday, March 1st. Deutsche Bank Aktiengesellschaft dropped their price target on shares of Trex from $75.00 to $70.00 and set a “buy” rating for the company in a research report on Tuesday, January 10th. TREX has been the subject of several recent research reports. Institutional investors and hedge funds own 94.64% of the company’s stock. Canada Pension Plan Investment Board now owns 1,601 shares of the construction company’s stock worth $105,000 after purchasing an additional 1,306 shares in the last quarter. Finally, Canada Pension Plan Investment Board raised its position in Trex by 442.7% in the first quarter. Exchange Traded Concepts LLC now owns 1,560 shares of the construction company’s stock worth $69,000 after purchasing an additional 255 shares in the last quarter. Exchange Traded Concepts LLC raised its position in Trex by 19.5% in the third quarter. Lazard Asset Management LLC acquired a new position in shares of Trex during the first quarter valued at about $67,000. Quadrant Capital Group LLC now owns 857 shares of the construction company’s stock valued at $47,000 after buying an additional 449 shares during the last quarter. Quadrant Capital Group LLC raised its position in shares of Trex by 110.0% during the second quarter. Covestor Ltd now owns 382 shares of the construction company’s stock valued at $25,000 after buying an additional 245 shares during the last quarter. Covestor Ltd raised its position in shares of Trex by 178.8% during the first quarter. ![]() ![]() Other large investors have also made changes to their positions in the company. Bank of New York Mellon Corp owned approximately 0.96% of Trex worth $46,426,000 as of its most recent filing with the SEC. The fund owned 1,056,506 shares of the construction company’s stock after selling 45,229 shares during the period. ( NYSE:TREX – Get Rating) by 4.1% in the third quarter, according to its most recent disclosure with the SEC. Bank of New York Mellon Corp lowered its stake in shares of Trex Company, Inc.
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