TREX Co., Inc. (NYSE: TREX) is -24.07% lower on its value in year-to-date trading and has touched a low of $54.09 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 $62.93 in the last trading session, with the day’s loss setting it -0.07%.
Currently trading at $62.86, the stock is -3.72% and -3.42% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.39 million and changing -0.11% at the moment leaves the stock -22.15% off its SMA200. TREX registered 13.02% gain for a year compared to 6-month loss of -29.53%. The firm has a 50-day simple moving average (SMA 50) of $65.085 and a 200-day simple moving average (SMA200) of $80.74755.
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The stock witnessed a -9.96% gain in the last 1 month and extending the period to 3 months gives it a -19.90%, and is -2.87% down 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 2.40% over the week and 2.74% over the month.
TREX Co., Inc. (TREX) has around 1765 employees, a market worth around $6.83B and $1.25B in sales. Current P/E ratio is 25.97 and Fwd P/E is 28.76. Profit margin for the company is 21.07%. Distance from 52-week low is 16.21% and -38.32% from its 52-week high. The company has generated returns on investments over the last 12 months (28.52%).
The EPS is expected to grow by 8.84% this year
684.0 institutions hold shares in TREX Co., Inc. (TREX), with institutional investors hold 99.41% of the company’s shares. The shares outstanding are 108.61M, and float is at 108.02M with Short Float at 4.08%. Institutions hold 98.76% 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 43 shares of the company’s common stock on Oct 03 ’24 at a price of $56.59 per share for a total of $2433.0. Following the purchase, the insider now owns 25833.0 shares.
TREX Co., Inc. disclosed in a document filed with the SEC on Jul 03 ’24 that Rudolph Jacob T. (SVP, CHRO) bought a total of 44 shares of the company’s common stock. The trade occurred on Jul 03 ’24 and was made at $63.00 per share for $2772.0. Following the transaction, the insider now directly holds 25790.0 shares of the TREX stock.
Still, SEC filings show that on May 15 ’24, Rudolph Jacob T. (SVP, CHRO) disposed off 16,440 shares at an average price of $90.90 for $1.49 million. The insider now directly holds 25,746 shares of TREX Co., Inc. (TREX).
