News headlines about Trex (NYSE:TREX) have been trending somewhat positive on Friday, Accern Sentiment reports. Accern ranks the sentiment of media coverage by reviewing more than 20 million news and blog sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores closest to one being the most favorable. Trex earned a media sentiment score of 0.13 on Accern’s scale. Accern also gave press coverage about the construction company an impact score of 45.292891819242 out of 100, indicating that recent media coverage is somewhat unlikely to have an impact on the company’s share price in the immediate future.
Here are some of the news stories that may have impacted Accern’s rankings:
- Stifel Nicolaus Increases Trex (TREX) Price Target to $100.00 (americanbankingnews.com)
- Trex Investor Day Presentation Available on Company Website – Business Wire (press release) (businesswire.com)
- Trex Company Inc (TREX) Director Jay M. Gratz Sells 1,418 Shares (americanbankingnews.com)
- Trex Company Inc (TREX) Expected to Announce Quarterly Sales of $118.61 Million (americanbankingnews.com)
Trex (TREX) traded up $0.68 during mid-day trading on Friday, hitting $112.41. 301,500 shares of the company’s stock traded hands, compared to its average volume of 235,564. The stock has a market capitalization of $3,290.00, a price-to-earnings ratio of 36.54 and a beta of 2.43. Trex has a 1-year low of $61.57 and a 1-year high of $118.65.
Trex (NYSE:TREX) last released its quarterly earnings results on Monday, October 30th. The construction company reported $0.68 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.55 by $0.13. The business had revenue of $140.19 million during the quarter, compared to analyst estimates of $125.30 million. Trex had a net margin of 16.61% and a return on equity of 51.30%. The company’s quarterly revenue was up 32.0% on a year-over-year basis. During the same period in the prior year, the firm posted $0.26 earnings per share. sell-side analysts forecast that Trex will post 3.11 earnings per share for the current fiscal year.
Several research analysts have issued reports on the stock. Stifel Nicolaus dropped their target price on shares of Trex from $100.00 to $89.00 and set a “hold” rating on the stock in a report on Friday. Zacks Investment Research upgraded shares of Trex from a “sell” rating to a “buy” rating and set a $123.00 target price on the stock in a report on Thursday, November 2nd. SunTrust Banks reiterated a “hold” rating and set a $95.00 target price on shares of Trex in a report on Wednesday, November 1st. B. Riley reiterated a “neutral” rating and set a $96.00 target price (up from $80.00) on shares of Trex in a report on Wednesday, November 1st. Finally, Sidoti cut shares of Trex from a “buy” rating to a “neutral” rating and set a $89.00 target price on the stock. in a report on Monday, October 2nd. Eight equities research analysts have rated the stock with a hold rating, one has issued a buy rating and one has given a strong buy rating to the company. Trex has a consensus rating of “Hold” and a consensus price target of $90.00.
In other Trex news, Director Richard E. Posey sold 2,322 shares of the stock in a transaction dated Wednesday, November 22nd. The shares were sold at an average price of $111.19, for a total transaction of $258,183.18. Following the completion of the sale, the director now directly owns 11,591 shares of the company’s stock, valued at $1,288,803.29. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, VP Jay T. Scripter sold 1,116 shares of the stock in a transaction dated Wednesday, November 1st. The shares were sold at an average price of $108.59, for a total transaction of $121,186.44. Following the sale, the vice president now directly owns 14,212 shares of the company’s stock, valued at $1,543,281.08. The disclosure for this sale can be found here. Over the last three months, insiders have sold 7,014 shares of company stock valued at $764,529. Insiders own 0.95% of the company’s stock.
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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