Trex Company Inc. (TREX) Performance and Fundamentals Dashboard tells a completely different story

Trex Company Inc. (NYSE: TREX) stock fell -4.21% on Tuesday to $54.19 against a previous-day closing price of $56.57. With 1.36 million shares changed hands, the volume of the stock remained heavier than its average volume of 1.07 million shares. During the session, the Building Products & Equipment company that operates in wider Industrials sector, reached to the highest price of $55.97 whereas the lowest price it dropped to was $53.35. The 52-week range on TREX shows that it touched its highest point at $67.78 and its lowest point at $38.68 during that stretch. It currently has a 1-year price target of $62.09. Beta for the stock currently stands at 1.48.

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Price Performance and Earnings:

Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of TREX was down-trending over the past week, with a drop of -3.16%, but this was down by -1.81% over a month. Three-month performance surged to 6.09% while six-month performance rose 20.93%. The stock lost -10.74% in the past year, while it has gained 28.02% so far this year. A look at the trailing 12-month EPS for TREX yields 1.39 with Next year EPS estimates of 1.85. For the next quarter, that number is 0.53. This implies an EPS growth rate of -8.50% for this year and 17.52% for next year. EPS is expected to grow by 16.32% annually over the next five years; however, over the past five years, the company experienced an annual growth rate of 15.00%.

Float and Shares Shorts:

At present, 108.77 million TREX shares are outstanding with a float of 107.66 million shares on hand for trading. On Apr 27, 2023, short shares totaled 7.17 million, which was 6.59% higher than short shares on Mar 30, 2023. In addition to Mr. Bryan Horix Fairbanks as the firm’s Pres, CEO & Director, Mr. Dennis Charles Schemm serves as its Sr. VP & CFO.

Institutional Ownership:

Through their ownership of 100.34% of TREX’s outstanding shares, institutional investors have majority control over the company. Other institutions hold 58.61% of TREX, in contrast to 41.93% held by mutual funds. Shares owned by individuals account for 17.74%. As the largest shareholder in TREX with 9.21% of the stake, The Vanguard Group, Inc. holds 10,017,488 shares worth 10,017,488. A second-largest stockholder of TREX, BlackRock Fund Advisors, holds 9,546,349 shares, controlling over 8.78% of the firm’s shares. Wasatch Advisors, Inc. is the third largest shareholder in TREX, holding 6,039,951 shares or 5.55% stake. With a 3.15% stake in TREX, the iShares Core S&P Mid Cap ETF is the largest stakeholder. A total of 3,424,399 shares are owned by the mutual fund manager. The Vanguard Total Stock Market ETF, which owns about 3.12% of TREX stock, is the second-largest Mutual Fund holder. It holds 3,394,588 shares valued at 185.55 million. Vanguard Small Cap Index Fund holds 2.64% of the stake in TREX, owning 2,872,121 shares worth 156.99 million.

An Overview of Recent Financials:

Understanding a company as a customer does not mean you will understand it as an investor. The wise investor uses quantitative research to analyze metrics such as revenue, net income, and earnings. In its fiscal quarter reported on Mar 30, 2023, TREX reported revenue of $386.25M and operating income of $117.81M. The EBITDA in the recently reported quarter was $129.14M and diluted EPS was $0.79.

Analysts Ratings:

Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for TREX since 0 analysts follow the stock currently. In the same way, a target price assigned to a stock can also reveal much about its potential. With TREX analysts setting a high price target of $72.00 and a low target of $47.00, the average target price over the next 12 months is $61.53. Based on these targets, TREX could surge 32.87% to reach the target high and fall by -13.27% to reach the target low. Reaching the average price target will result in a growth of 13.54% from current levels.

EPS: Estimates vs Actual

It is also common to use earnings estimates to evaluate a firm’s growth potential and to determine trading strategy.

Summary of Insider Activity:

Insiders traded TREX stock several times over the past three months with 1 Buys and 14 Sells. In these transactions, 977 shares were bought while 45,951 shares were sold. The number of buy transactions has increased to 30 while that of sell transactions has risen to 34 over the past year. The total number of shares bought during that period was 139,718 while 71,688 shares were sold.

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