Wall Street analysts expect Trex Company Inc (NYSE:TREX) to report $118.61 million in sales for the current quarter, according to Zacks Investment Research. Five analysts have issued estimates for Trex’s earnings. The lowest sales estimate is $118.00 million and the highest is $120.00 million. Trex posted sales of $95.30 million in the same quarter last year, which would indicate a positive year over year growth rate of 24.5%. The firm is expected to report its next earnings results after the market closes on Wednesday, February 21st.

According to Zacks, analysts expect that Trex will report full year sales of $118.61 million for the current year, with estimates ranging from $560.94 million to $592.94 million. For the next year, analysts forecast that the firm will report sales of $639.44 million per share, with estimates ranging from $629.30 million to $646.75 million. Zacks’ sales calculations are an average based on a survey of sell-side research firms that cover Trex.

TREX has been the topic of a number of recent analyst reports. FBR & Co raised their target price on shares of Trex from $80.00 to $96.00 and gave the company a “neutral” rating in a research note on Tuesday, October 31st. Stifel Nicolaus reaffirmed a “hold” rating and issued a $89.00 target price on shares of Trex in a research note on Wednesday, November 1st. B. Riley reaffirmed a “neutral” rating and issued a $96.00 target price (up from $80.00) on shares of Trex in a research note on Wednesday, November 1st. SunTrust Banks reaffirmed a “hold” rating and issued a $95.00 target price on shares of Trex in a research note on Wednesday, November 1st. Finally, Zacks Investment Research raised shares of Trex from a “sell” rating to a “buy” rating and set a $123.00 target price on the stock in a research note on Thursday, November 2nd. Five equities research analysts have rated the stock with a hold rating, three have issued a buy rating and one has issued a strong buy rating to the company. Trex currently has an average rating of “Buy” and a consensus target price of $99.00.

In other Trex news, Director Jay M. Gratz sold 1,058 shares of the stock in a transaction that occurred on Tuesday, January 16th. The shares were sold at an average price of $116.95, for a total transaction of $123,733.10. Following the transaction, the director now directly owns 8,801 shares in the company, valued at $1,029,276.95. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Frank H. Merlotti, Jr. sold 2,158 shares of the stock in a transaction that occurred on Wednesday, November 15th. The shares were sold at an average price of $105.51, for a total transaction of $227,690.58. The disclosure for this sale can be found here. Insiders have sold 6,956 shares of company stock worth $767,076 over the last quarter. Company insiders own 0.95% of the company’s stock.

A number of hedge funds and other institutional investors have recently modified their holdings of TREX. BlackRock Inc. grew its holdings in shares of Trex by 5.7% in the fourth quarter. BlackRock Inc. now owns 3,974,637 shares of the construction company’s stock worth $430,812,000 after purchasing an additional 215,522 shares during the last quarter. Old Mutual Global Investors UK Ltd. grew its holdings in shares of Trex by 137.0% in the fourth quarter. Old Mutual Global Investors UK Ltd. now owns 251,973 shares of the construction company’s stock worth $27,311,000 after purchasing an additional 145,635 shares during the last quarter. Wasatch Advisors Inc. grew its holdings in shares of Trex by 9.6% in the second quarter. Wasatch Advisors Inc. now owns 946,311 shares of the construction company’s stock worth $64,027,000 after purchasing an additional 83,274 shares during the last quarter. Conestoga Capital Advisors LLC grew its holdings in shares of Trex by 13.2% in the fourth quarter. Conestoga Capital Advisors LLC now owns 670,834 shares of the construction company’s stock worth $72,712,000 after purchasing an additional 78,200 shares during the last quarter. Finally, Bamco Inc. NY grew its holdings in shares of Trex by 4.4% in the third quarter. Bamco Inc. NY now owns 1,185,205 shares of the construction company’s stock worth $106,751,000 after purchasing an additional 49,870 shares during the last quarter. Institutional investors and hedge funds own 88.72% of the company’s stock.

Shares of Trex (NYSE TREX) opened at $108.37 on Monday. The firm has a market cap of $3,188.79, a P/E ratio of 35.77 and a beta of 2.31. Trex has a one year low of $61.57 and a one year high of $120.40.

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Trex Company Profile

Trex Company, Inc is a manufacturer of wood-alternative decking and railing products. The Company’s products are marketed under the brand name Trex and are manufactured in the United States. It offers a set of outdoor living products in the decking, railing, porch, fencing, trim, steel deck framing and outdoor lighting categories.

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