TrexTREX
TREX
About: Trex Co Inc is a manufacturer of wooden alternative decking products. The company offers outdoor products in the decking, railing, porch, fencing, trim, steel deck framing, and outdoor lighting categories. Its products are sold under the Trex brand and manufactured in the United States. Further, the company licenses its Trex brand to third parties to manufacture and sell products under the Trex trademark. The distribution is focused on wholesale distributors and retail lumber dealers, which in turn sell Trex products to homeowners and contractors, with an emphasis on professional contractors, remodelers, and homebuilders. The company operates in one reportable segment i.e. Trex Residential.
Employees: 1,765
0
Funds holding %
of 6,809 funds
0
Analysts bullish %
of 5 analysts
Fund manager confidence
Based on 2024 Q3 regulatory filings by fund managers ($100M+ AUM)
145% more call options, than puts
Call options by funds: $28.6M | Put options by funds: $11.7M
8% less repeat investments, than reductions
Existing positions increased: 172 | Existing positions reduced: 187
2.83% less ownership
Funds ownership: 95.87% [Q2] → 93.04% (-2.83%) [Q3]
6% less funds holding
Funds holding: 514 [Q2] → 483 (-31) [Q3]
13% less capital invested
Capital invested by funds: $7.72B [Q2] → $6.74B (-$980M) [Q3]
37% less first-time investments, than exits
New positions opened: 53 | Existing positions closed: 84
50% less funds holding in top 10
Funds holding in top 10: 4 [Q2] → 2 (-2) [Q3]
Research analyst outlook
5 Wall Street Analysts provided 1 year price targets over the past 3 months
Low target
$67
5%
downside
Avg. target
$73
4%
upside
High target
$78
11%
upside
5 analyst ratings
0 positive
0%
4 neutral
80%
1 negative
20%
DA Davidson Kurt Yinger 43% 1-year accuracy 6 / 14 met price target | 5%upside $74 | Neutral Maintained | 29 Oct 2024 |
BMO Capital Ketan Mamtora 43% 1-year accuracy 3 / 7 met price target | 3%upside $72 | Market Perform Maintained | 29 Oct 2024 |
Barclays Matthew Bouley 34% 1-year accuracy 21 / 61 met price target | 5%downside $67 | Underweight Maintained | 29 Oct 2024 |
Baird Timothy Wojs 54% 1-year accuracy 25 / 46 met price target | 11%upside $78 | Neutral Maintained | 29 Oct 2024 |
Jefferies Philip Ng 47% 1-year accuracy 9 / 19 met price target | 4%upside $73 | Hold Maintained | 9 Oct 2024 |
Financial journalist opinion
Based on 5 articles about TREX published over the past 30 days
Positive
Zacks Investment Research
1 week ago
Trex Joins Forces With Weyerhaeuser to Boost Southwest Expansion
TREX expands in the Southwest through a strategic partnership with Weyerhaeuser, enhancing access to premium outdoor living products.
Neutral
Business Wire
1 week ago
Trex Expands Distribution with International Wood Products, Strengthening Presence in Northern California and Northern Nevada
WINCHESTER, Va.--(BUSINESS WIRE)--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 signi.
Neutral
Business Wire
1 week ago
Trex Company Teams with Weyerhaeuser to Expand Distribution Across California, Nevada, Arizona and New Mexico
WINCHESTER, Va.--(BUSINESS WIRE)--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, Arizon.
Positive
Zacks Investment Research
2 weeks ago
Trex Expands Canadian Distribution With Alexandria Moulding
TREX expands in Canada with Alexandria Moulding, bringing premium decking to more retailers, homeowners, and contractors nationwide.
Neutral
Business Wire
2 weeks ago
Trex Company Teams With Alexandria Moulding to Expand Canadian Reach
WINCHESTER, Va. & ALEXANDRIA, Ont.--(BUSINESS WIRE)--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 bro.
Neutral
Business Wire
1 month ago
Trex Decking and Railing Earn Rave Reviews from Building and Design Experts
WINCHESTER, Va.--(BUSINESS WIRE)--They say the third time is a charm—but what about the seventeenth? That's the number of times Trex Company [NYSE: TREX], the world's largest manufacturer of high-performance, low-maintenance composite decking and railing, has topped the rankings in BUILDER magazine's annual Brand Use Study. In addition to receiving the highest scores for brand awareness among the 23 brands included in the study, Trex® emerged as the #1 brand used most by Pro Builders and Pro Re.
Neutral
Business Wire
1 month ago
Trex Company Welcomes New Chief Information Officer to Leadership Team
WINCHESTER, Va.--(BUSINESS WIRE)--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. “As a high growth company, we are committed.
Positive
Zacks Investment Research
1 month ago
TREX Strengthens Partnership With Boise Cascade, Expands Reach
Trex expands its distribution network with Boise Cascade partnership.
Neutral
Business Wire
1 month ago
Trex Company's Exclusivity Strategy Drives Shifts in the Distribution Landscape
WINCHESTER, Va.--(BUSINESS WIRE)--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, is providing an update on its program to expand exclusivity with its existing partners to include its railing products. Since the end of the third quarter of 2024, two of Trex's exclusive decking distributors have become exclusive distributors for the Company's newly expanded railing.
Neutral
Business Wire
1 month ago
Boise Cascade Goes Exclusive With Trex Railing and Expands Trex Footprint
WINCHESTER, Va.--(BUSINESS WIRE)--Trex Company [NYSE: TREX], the world's largest manufacturer of high-performance, wood-alternative decking and railing, has strengthened its relationship with Boise Cascade [NYSE: BCC], the leading national distributor of building products. Moving forward, Trex will be the only brand of composite decking and deck railings sold and distributed by Boise locations participating in the Trex program across the country, including incremental Trex distribution that Boi.
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