TREX Co., Inc. (NYSE: TREX) is -18.53% lower on its value in year-to-date trading and has touched a low of $53.59 and a high of $101.91 in the current 52-week trading range. The question becomes, what are the chances the stock will make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The TREX stock was last observed hovering at around $67.74 in the last trading session, with the day’s loss setting it -0.29%.
Currently trading at $67.45, the stock is 2.14% and -0.76% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.08 million and changing -0.43% at the moment leaves the stock -17.77% off its SMA200. TREX registered 10.54% gain for a year compared to 6-month loss of -29.15%. The firm has a 50-day simple moving average (SMA 50) of $67.722 and a 200-day simple moving average (SMA200) of $81.9659.
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The stock witnessed a 10.01% gain in the last 1 month and extending the period to 3 months gives it a -4.92%, and is 1.57% up over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 2.63% over the week and 2.86% over the month.
TREX Co., Inc. (TREX) has around 1765 employees, a market worth around $7.33B and $1.25B in sales. Current P/E ratio is 27.87 and Fwd P/E is 30.59. Profit margin for the company is 21.07%. Distance from 52-week low is 25.86% and -33.81% from its 52-week high. The company has generated returns on investments over the last 12 months (28.52%).
TREX Co., Inc. quarterly earnings per share for the current quarter are estimated at 0.32 with sales reaching $225.56M over the same period.The EPS is expected to grow by 8.68% this year, but quarterly earnings will post 4.40% year-over-year. Quarterly sales are estimated to shrink -22.20% in year-over-year returns.
692.0 institutions hold shares in TREX Co., Inc. (TREX), with institutional investors hold 99.52% of the company’s shares. The shares outstanding are 108.61M, and float is at 108.02M with Short Float at 4.49%. Institutions hold 98.86% of the Float.
The top institutional shareholder in the company is BLACKROCK INC. with over 14.08 million shares valued at $1.04 billion. The investor’s holdings represent 12.9624 of the TREX Shares outstanding. As of 2024-06-30, the second largest holder is VANGUARD GROUP INC with 10.28 million shares valued at $762.03 million to account for 9.4634 of the shares outstanding. The other top investors are ALLIANCEBERNSTEIN L.P. which holds 5.47 million shares representing 5.0376 and valued at over $405.64 million, while CLEARBRIDGE INVESTMENTS, LLC holds 3.7845 of the shares totaling 4.11 million with a market value of $304.75 million.
TREX Co., Inc. (TREX) Insider Activity
The most recent transaction is an insider purchase by Rudolph Jacob T., the company’s SVP, CHRO. SEC filings show that Rudolph Jacob T. bought 44 shares of the company’s common stock on Jul 03 ’24 at a price of $63.00 per share for a total of $2772.0. Following the purchase, the insider now owns 25790.0 shares.
TREX Co., Inc. disclosed in a document filed with the SEC on May 15 ’24 that Rudolph Jacob T. (SVP, CHRO) sold a total of 16,440 shares of the company’s common stock. The trade occurred on May 15 ’24 and was made at $90.90 per share for $1.49 million. Following the transaction, the insider now directly holds 25746.0 shares of the TREX stock.
Still, SEC filings show that on Apr 04 ’24, Rudolph Jacob T. (SVP, CHRO) acquired 35 shares at an average price of $70.37 for $2463.0. The insider now directly holds 42,186 shares of TREX Co., Inc. (TREX).
