TREX Stock Summary and Trading Ideas (Trex Company | NYSE:TREX)

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.

Trex Company trades on the NYSE stock market under the symbol TREX.

As of April 18, 2024, TREX stock price climbed to $87.95 with 734,684 million shares trading.

TREX has a beta of 2.15, meaning it tends to be more sensitive to market movements. TREX has a correlation of 0.46 to the broad based SPY ETF.

TREX has a market cap of $9.55 billion. This is considered a Mid Cap stock.

Last quarter Trex Company reported $196 million in Revenue and $.20 earnings per share. This beat revenue expectation by $2 million and exceeded earnings estimates by $.01.

In the last 3 years, TREX stock traded as high as $140.98 and as low as $38.68.

The top ETF exchange traded funds that TREX belongs to (by Net Assets): VTI, IJH, VB, VXF, VBK.

TREX has outperformed the market in the last year with a return of +68.5%, while the SPY ETF gained +22.3%. In the last 3 month period, TREX beat the market returning +10.2%, while SPY returned +6.1%. However, in the most recent 2 weeks TREX has underperformed the stock market by returning -7.6%, while SPY returned -3.8%.

TREX support price is $86.04 and resistance is $89.50 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that TREX stock will trade within this expected range on the day.