Citigroup Maintains Neutral on Trex Co, Lowers Price Target to $80
$TREX
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Citigroup analyst Anthony Pettinari maintains Trex Co (NYSE:TREX) with a Neutral and lowers the price target from $94 to $80.
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| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 8/7/2024 | $115.00 → $72.00 | Overweight → Equal-Weight | Stephens |
| 8/7/2024 | $95.00 → $75.00 | Buy → Hold | Loop Capital |
| 12/14/2023 | $62.00 → $79.00 | Underweight → Neutral | JP Morgan |
| 12/13/2023 | $66.00 → $74.00 | Equal Weight → Underweight | Barclays |
| 12/12/2023 | Peer Perform | Wolfe Research | |
| 10/3/2023 | $78.00 | Buy | Goldman |
| 8/25/2023 | $72.00 | Neutral | Citigroup |
| 5/9/2023 | $54.00 → $66.00 | Neutral → Buy | BofA Securities |
Heat-mitigating* Technology Now Available at Even Cooler Price Points Trex Company (NYSE:TREX), the world's largest manufacturer of wood-alternative decking and railing, and a leader in high-performance, low-maintenance outdoor living products, is expanding performance and aesthetic options for homeowners with the addition of two new colors to the brand's popular Trex Enhance® decking line – both featuring heat-mitigating* technology coupled with affordability. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20240904006750/en/Tide Pool is one of two new colors to join the Trex Enhance® decking collection. (Photo: Business Wire) "
Trex Company, Inc. (NYSE:TREX), the world's largest manufacturer of high-performance, low-maintenance composite decking and railing, and a leading brand of outdoor living products, announced the appointment of executive Chris Keffer as a new independent member of its Board of Directors, effective August 15, 2024. Mr. Keffer brings 30 years of leadership experience in the power tool industry, serving both the professional and consumer markets. In 2023, he was named President and Chief Executive Officer of STIHL Inc., the U.S. affiliate of the STIHL Group, the world's top-selling brand of chainsaws. At their Virginia-based operations, Mr. Keffer is responsible for the manufacturing, distrib
Trex Company, Inc. (NYSE:TREX), the world's #1 brand of high-performance, low-maintenance and eco-friendly composite decking and railing and a leader in outdoor living products, today announced that it has named Brenda Lovcik Senior Vice President and Chief Financial Officer effective October 23, 2023. Mrs. Lovcik has over 25 years of demonstrated financial and operational success with high-profile publicly traded companies. Most recently she served as Chief Financial Officer, Global Products, Global Supply Chain and Global FP&A at Johnson Controls, Inc. Prior to that she had a successful 20-year career and held multiple senior financial roles at Medtronic, Inc. In her most recent positio
Trex Co (NYSE:TREX) has outperformed the market over the past 10 years by 16.72% on an annualized basis producing an average annual return of 27.72%. Currently, Trex Co has a market capitalization of $8.86 billion. Buying $1000 In TREX: If an investor had bought $1000 of TREX stock 10 years ago, it would be worth $12,161.06 today based on a price of $81.55 for TREX at the time of writing. Trex Co's Performance Over Last 10 Years Finally -- what's the point of all this? The key insight to take from this article is to note how much of a difference compounded returns can make in your cash growth over a period of time. This article was generated by Benzinga's automated content engine and revi
Barclays analyst Matthew Bouley maintains Trex Co (NYSE:TREX) with a Underweight and lowers the price target from $94 to $81.
Continued Strength in Consumer Demand for Premium Products New Railing Product Introductions to Accelerate Market Share Gains Provides Update on New Arkansas Facility Reaffirms Full Year 2024 Sales Guidance and Expects to Achieve High End of EBITDA Guidance Range Trex Company, Inc. (NYSE:TREX), the world's largest manufacturer of wood-alternative decking and railing, and a leader in high-performance, low-maintenance outdoor living products, today announced financial results for the third quarter of 2024. Third Quarter Financial 2024 Highlights Net sales of $234 million Gross margin of 39.9% Net income of $41 million and diluted earnings per share of $0.37 EBITDA of $68 million
Trex Company, Inc. (NYSE:TREX) the world's largest manufacturer of wood-alternative decking and railing, and a leader in high-performance, low-maintenance outdoor living products, will issue its third quarter 2024 earnings release on Monday, October 28, 2024, after the close of the U.S. market. You are invited to participate in the Company's conference call hosted by senior management on October 28, 2024, at 5:00 PM ET. Their prepared remarks will be followed by a question-and-answer session. 3Q24 Conference Call Date & Time: Monday, October 28, 2024, at 5:00 PM ET To participate on the day of the call, dial 1-844-792-3734, or internationally 1-412-317-5126, approximately ten minutes bef
—Second Quarter Sales Growth Led by Premium Products— —Gross Margin Expansion Driven by Higher Utilization and Production Efficiencies— —Guiding to Third Quarter Revenues of $220 million to $230 million— —Full Year Sales Guidance Adjusted to Reflect Softness in Entry-Level Consumer Demand and Uncertain Economic Outlook; Maintains Full Year EBITDA Margin Guidance of 30% to 30.5%— Trex Company, Inc. (NYSE:TREX), the world's largest manufacturer of high-performance, low-maintenance composite decking and railing, and a leading brand of outdoor living products, today announced financial results for the second quarter of 2024. Second Quarter Financial 2024 Highlights Net sales of $37
Trex Company, Inc. (NYSE:TREX), the world's largest manufacturer of wood-alternative decking and railing, and a leader in high-performance, low-maintenance outdoor living products, today announced its participation in the following investor conferences: Baird 2024 Global Industrial Conference Location: Chicago, IL Date: Tuesday, November 12th Fireside Chat: 1:10 PM CDT Trex Management: Bryan Fairbanks – President and Chief Executive Officer Bret Martz – Group Vice President, North American Professional Sales Stephens Annual Investment Conference Location: Nashville, TN Date: Tuesday, November 19th Fireside Chat: 4:00 PM CD
Continued Strength in Consumer Demand for Premium Products New Railing Product Introductions to Accelerate Market Share Gains Provides Update on New Arkansas Facility Reaffirms Full Year 2024 Sales Guidance and Expects to Achieve High End of EBITDA Guidance Range Trex Company, Inc. (NYSE:TREX), the world's largest manufacturer of wood-alternative decking and railing, and a leader in high-performance, low-maintenance outdoor living products, today announced financial results for the third quarter of 2024. Third Quarter Financial 2024 Highlights Net sales of $234 million Gross margin of 39.9% Net income of $41 million and diluted earnings per share of $0.37 EBITDA of $68 million
Broad and Diverse Portfolio Gives Builders and Homeowners the Most Designs, Colors, Styles and Options for Outdoor Living For more than 30 years, the Trex name has been synonymous with high-performance, low-maintenance composite decking – but that's about to change. With the extensive range of new products the brand has on tap for 2025, Trex Company (NYSE:TREX) is primed to expand its leadership beyond decking to elevate the brand as a total outdoor living resource. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20241022476856/en/New railing products from Trex® (Photo: Business Wire) "2025 will be the year of railing for Trex," sa
Stephens downgraded Trex from Overweight to Equal-Weight and set a new price target of $72.00 from $115.00 previously
Loop Capital downgraded Trex from Buy to Hold and set a new price target of $75.00 from $95.00 previously
JP Morgan upgraded Trex from Underweight to Neutral and set a new price target of $79.00 from $62.00 previously
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