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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| 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 |
Trex Company, Inc. (NYSE:TREX), the world's largest manufacturer of wood-alternative decking and residential railing products, announces the expansion of its relationship with building materials distributor International Wood Products, LLC (IWP). As part of this strategic move, IWP will exclusively stock Trex® decking and railing at all five of its distribution facilities in the Western United States, including their Cloverdale, California location. This significant expansion will extend Trex's reach in the high-growth markets of Northern California and Northern Nevada. Building on their shared success in the Pacific Northwest, this expansion represents a natural progression of the compan
Trex Company (NYSE:TREX), the world's leading manufacturer of wood-alternative decking and residential railing, has joined forces with Weyerhaeuser, a global leader in sustainable forestry and one of the largest manufacturers of wood products in North America, to significantly expand Trex's presence across the Southwest region. This collaboration will enhance access to the brand's premium decking and railing products for customers in California, Nevada, Arizona and New Mexico. Weyerhaeuser will now stock the complete range of high-performance Trex® decking and railing products at strategically located distribution hubs, including locations in Redding, Stockton, Fresno, Santa Clarita and F
Trex Company, Inc. (NYSE:TREX), the world's largest manufacturer of high-performance, wood-alternative decking and railing, and a leading brand of outdoor living products, has announced the expansion of its distribution network in Canada with Alexandria Moulding. The leading North American manufacturer and distributor of mouldings, millwork and decorative building products, will bring the brand's premium decking and railing products to a broader range of Canadian retailers, homeowners and contractors. Alexandria Moulding, a Specialty Building Products (SBP) brand, brings a wealth of sales, marketing and supply chain expertise to the partnership. SBP is a leading provider of building mater
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, announced that Dr. Anand Kangala, has joined Trex as its new Vice President and Chief Information Officer effective today. As a member of the Trex leadership team, Dr. Kangala will lead global IT functions and enterprise technology strategy. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20241118130372/en/Dr. Anand Kangala, Vice President and Chief Information Officer, Trex Company, Inc. (Photo: Business Wire) "As a high growth company, we are committed
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
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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8-K - TREX CO INC (0001069878) (Filer)
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
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4 - TREX CO INC (0001069878) (Issuer)
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