Trex (NYSE:TREX) Reaches New 52-Week Low – Should You Sell?

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

Analyst Ratings Changes

A number of research analysts recently issued reports on the stock. UBS Group lowered their target price on shares of Trex from $76.00 to $74.00 and set a “neutral” rating on the stock in a research note on Tuesday, February 25th. Truist Financial lowered their price target on Trex from $100.00 to $90.00 and set a “buy” rating on the stock in a research report on Tuesday, February 25th. JPMorgan Chase & Co. dropped their price objective on Trex from $79.00 to $73.00 and set a “neutral” rating on the stock in a research note on Wednesday, March 5th. Benchmark restated a “buy” rating and set a $80.00 target price on shares of Trex in a research note on Monday, March 3rd. Finally, Jefferies Financial Group dropped their price target on Trex from $81.00 to $71.00 and set a “hold” rating on the stock in a research report on Tuesday, February 25th. Two equities research analysts have rated the stock with a sell rating, nine have issued a hold rating and six have assigned a buy rating to the stock. According to MarketBeat, the company presently has an average rating of “Hold” and an average price target of $78.63.

Trex Trading Up 1.1 %

The stock has a market capitalization of $5.86 billion, a P/E ratio of 24.87, a P/E/G ratio of 2.51 and a beta of 1.60. The firm’s fifty day moving average is $67.08 and its 200-day moving average is $68.38.

Trex (NYSE:TREX) last announced its quarterly earnings data on Monday, February 24th. The construction company reported $0.09 EPS for the quarter, beating analysts’ consensus estimates of $0.04 by $0.05. The firm had revenue of $167.63 million for the quarter, compared to analyst estimates of $160.54 million. Trex had a return on equity of 28.89% and a net margin of 20.23%. Equities research analysts expect that Trex Company, Inc. will post 2.04 EPS for the current year.

Insiders Place Their Bets

In other Trex news, Director Melkeya Mcduffie sold 1,420 shares of Trex 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 completion of the sale, the director now owns 1,705 shares of the company’s stock, valued at approximately $105,505.40. The trade was a 45.44 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 0.71% of the company’s stock.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in TREX. Impax Asset Management Group plc lifted its stake in Trex by 44.2% in the third quarter. Impax Asset Management Group plc now owns 822,361 shares of the construction company’s stock valued at $54,753,000 after buying an additional 252,262 shares during the period. Atria Investments Inc increased its stake in shares of Trex by 10.5% in the 3rd quarter. Atria Investments Inc now owns 7,210 shares of the construction company’s stock valued at $480,000 after acquiring an additional 683 shares during the last quarter. State of New Jersey Common Pension Fund D raised its position in shares of Trex by 7.3% in the 3rd quarter. State of New Jersey Common Pension Fund D now owns 40,742 shares of the construction company’s stock valued at $2,713,000 after acquiring an additional 2,759 shares during the period. WCM Investment Management LLC grew its holdings in Trex by 1.0% during the third quarter. WCM Investment Management LLC now owns 209,754 shares of the construction company’s stock valued at $14,240,000 after purchasing an additional 2,129 shares during the period. Finally, Entropy Technologies LP increased its stake in Trex by 287.1% in the third quarter. Entropy Technologies LP now owns 16,811 shares of the construction company’s stock valued at $1,119,000 after purchasing an additional 12,468 shares in the last quarter. Institutional investors and hedge funds own 95.96% of the company’s stock.

Trex Company Profile

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.