Analysts predict that Trex Company Inc (NYSE:TREX) will report earnings of $0.54 per share for the current quarter, Zacks Investment Research reports. Five analysts have made estimates for Trex’s earnings. The highest EPS estimate is $0.57 and the lowest is $0.51. Trex reported earnings per share of $0.43 in the same quarter last year, which would suggest a positive year-over-year growth rate of 25.6%. The company is expected to issue its next earnings report after the market closes on Wednesday, February 21st.

On average, analysts expect that Trex will report full-year earnings of $3.14 per share for the current financial year, with EPS estimates ranging from $3.11 to $3.17. For the next financial year, analysts anticipate that the firm will report earnings of $3.58 per share, with EPS estimates ranging from $3.50 to $3.66. Zacks’ EPS averages are a mean average based on a survey of sell-side analysts that follow Trex.

Several research firms have recently issued reports on TREX. Zacks Investment Research raised Trex from a “hold” rating to a “buy” rating and set a $125.00 target price on the stock in a report on Thursday, January 11th. B. Riley raised Trex from a “neutral” rating to a “buy” rating and increased their target price for the stock from $96.00 to $125.00 in a report on Wednesday, January 3rd. Stifel Nicolaus reduced their target price on Trex from $100.00 to $89.00 and set a “hold” rating on the stock in a report on Friday, December 8th. SunTrust Banks reissued a “hold” rating and set a $95.00 target price on shares of Trex in a report on Wednesday, November 1st. Finally, FBR & Co increased their target price on Trex from $80.00 to $96.00 and gave the stock a “neutral” rating in a report on Tuesday, October 31st. Five analysts have rated the stock with a hold rating, three have issued a buy rating and one has given a strong buy rating to the company’s stock. The stock has a consensus rating of “Buy” and an average target price of $99.00.

Shares of Trex (NYSE TREX) opened at $110.11 on Friday. The stock has a market capitalization of $3,188.77, a price-to-earnings ratio of 35.77 and a beta of 2.31. Trex has a 1-year low of $61.57 and a 1-year high of $120.40.

In related news, Director Jay M. Gratz sold 1,418 shares of the company’s stock in a transaction on Tuesday, December 5th. The stock was sold at an average price of $111.05, for a total transaction of $157,468.90. Following the completion of the sale, the director now directly owns 8,901 shares in the company, valued at approximately $988,456.05. The sale was disclosed in a filing with the SEC, which is available through this link. Also, Director Jay M. Gratz sold 1,058 shares of the company’s stock in a transaction on Tuesday, January 16th. The stock was sold at an average price of $116.95, for a total value of $123,733.10. Following the sale, the director now owns 8,801 shares of the company’s stock, valued at $1,029,276.95. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 6,956 shares of company stock valued at $767,076. 0.95% of the stock is owned by corporate insiders.

Several hedge funds have recently made changes to their positions in TREX. Carillon Tower Advisers Inc. bought a new stake in shares of Trex during the 4th quarter worth $69,035,000. BlackRock Inc. lifted its position in shares of Trex by 5.7% during the 4th quarter. BlackRock Inc. now owns 3,974,637 shares of the construction company’s stock worth $430,812,000 after buying an additional 215,522 shares during the last quarter. Fuller & Thaler Asset Management Inc. lifted its position in shares of Trex by 312.6% during the 4th quarter. Fuller & Thaler Asset Management Inc. now owns 202,975 shares of the construction company’s stock worth $22,000,000 after buying an additional 153,775 shares during the last quarter. Old Mutual Global Investors UK Ltd. lifted its position in shares of Trex by 137.0% during the 4th quarter. Old Mutual Global Investors UK Ltd. now owns 251,973 shares of the construction company’s stock worth $27,311,000 after buying an additional 145,635 shares during the last quarter. Finally, Westwood Holdings Group Inc. lifted its position in shares of Trex by 41.4% during the 2nd quarter. Westwood Holdings Group Inc. now owns 285,829 shares of the construction company’s stock worth $19,340,000 after buying an additional 83,716 shares during the last quarter. Institutional investors and hedge funds own 86.76% of the company’s stock.

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About Trex

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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