Trex (NYSE:TREX) Reaches New 12-Month Low – Time to Sell?

Trex Company, Inc. (NYSE:TREX) shares hit a new 52-week low during mid-day trading on Monday . The company traded as low as $54.54 and last traded at $55.11, with a volume of 334197 shares traded. The stock had previously closed at $56.19.

Analyst Upgrades and Downgrades

TREX has been the topic of several recent analyst reports. Jefferies Financial Group decreased their price target on Trex from $81.00 to $71.00 and set a “hold” rating on the stock in a research note on Tuesday, February 25th. Bank of America cut their target price on shares of Trex from $85.00 to $79.00 and set a “buy” rating for the company in a research note on Tuesday, February 25th. UBS Group decreased their price target on Trex from $76.00 to $74.00 and set a “neutral” rating on the stock in a research report on Tuesday, February 25th. Benchmark reiterated a “buy” rating and set a $80.00 price target on shares of Trex in a research report on Monday, March 3rd. Finally, JPMorgan Chase & Co. reduced their target price on shares of Trex from $79.00 to $73.00 and set a “neutral” rating on the stock in a research report on Wednesday, March 5th. Two research analysts have rated the stock with a sell rating, nine have assigned a hold rating and six have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $78.63.

Trex Trading Down 3.4 %

The firm has a market cap of $5.82 billion, a P/E ratio of 24.78, a price-to-earnings-growth ratio of 2.51 and a beta of 1.60. The firm’s 50 day moving average is $67.68 and its two-hundred day moving average is $68.55.

Trex (NYSE:TREX) last posted its earnings results on Monday, February 24th. The construction company reported $0.09 earnings per share for the quarter, topping the consensus estimate of $0.04 by $0.05. Trex had a return on equity of 28.89% and a net margin of 20.23%. The firm had revenue of $167.63 million for the quarter, compared to analyst estimates of $160.54 million. Analysts predict that Trex Company, Inc. will post 2.04 EPS for the current fiscal year.

Insider Activity at Trex

In related news, Director Melkeya Mcduffie sold 1,420 shares of the firm’s stock in a transaction on Friday, February 28th. The shares were sold at an average price of $61.88, for a total transaction of $87,869.60. Following the sale, the director now directly owns 1,705 shares in the company, valued at $105,505.40. This trade represents a 45.44 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. 0.71% of the stock is owned by insiders.

Institutional Trading of Trex

A number of institutional investors have recently modified their holdings of the company. L & S Advisors Inc bought a new stake in Trex during the 3rd quarter worth about $1,000,000. Algert Global LLC raised its holdings in Trex by 81.3% during the third quarter. Algert Global LLC now owns 86,300 shares of the construction company’s stock worth $5,746,000 after acquiring an additional 38,700 shares in the last quarter. Curi RMB Capital LLC boosted its position in Trex by 27.2% during the third quarter. Curi RMB Capital LLC now owns 68,149 shares of the construction company’s stock valued at $4,537,000 after purchasing an additional 14,558 shares during the last quarter. Dynamic Technology Lab Private Ltd grew its stake in Trex by 237.6% in the third quarter. Dynamic Technology Lab Private Ltd now owns 53,084 shares of the construction company’s stock valued at $3,534,000 after purchasing an additional 37,362 shares in the last quarter. Finally, Entropy Technologies LP increased its position in shares of Trex by 287.1% during the 3rd quarter. Entropy Technologies LP now owns 16,811 shares of the construction company’s stock worth $1,119,000 after purchasing an additional 12,468 shares during the last quarter. 95.96% of the stock is currently owned by institutional investors.

About Trex

Trex Company, Inc manufactures and distributes composite decking, railing, and outdoor living products and accessories for residential and commercial markets in the United States. It offers decking products and accessories under the names Trex Transcend, Trex Select, Trex Signature, Trex Transcend Lineage, and Trex Enhance for protection against fading, staining, mold, and scratching; Trex Hideaway, a hidden fastening system; and Trex DeckLighting, a LED dimmable deck lighting for use on posts, floors, and steps.