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Trex Company is upgraded to a soft ‘buy' based on favorable long-term risk/reward despite near-term profitability pressures. TREX benefits from strong exposure to the resilient repair and remodeling market, supported by high U.S. home equity and aging decks. Management targets $2B annual revenue by 2030, with $1.8–$2.2B capital deployment focused on organic growth, M&A, and buybacks.
BlueLinx Holdings Inc. (NYSE: BXC), a leading U.S. wholesale distributor of building products, today announced a strategic distribution partnership with Trex Co
ATLANTA--(BUSINESS WIRE)--BlueLinx Holdings Inc. (NYSE: BXC), a leading U.S. wholesale distributor of building products, today announced a strategic distribution partnership with Trex Company (NYSE: TREX), the world's largest manufacturer of wood-alternative decking and residential railing and the leading brand in composite decking.BlueLinx will distribute Trex decking and railing products across a broad service territory supported by its distribution centers in Indianapolis, St. Louis, Cincinna.
WINCHESTER, Va.--(BUSINESS WIRE)-- #Trex30--Thirty years after inventing composite decking and creating an entirely new building products category, Trex Company [NYSE: TREX] is entering its next era of growth. As the company celebrates its 30th anniversary, Trex is expanding beyond its category-leading decking business with a vision to become the defining brand in outdoor living and double the size of its business over the next four years. The company's growth strategy centers on continued investment in.
BlackRock Inc. purchased a new position in shares of Trex Company, Inc. (NYSE: TREX) during the undefined quarter, according to the company in its most recent filing with the SEC. The institutional investor purchased 10,493,216 shares of the construction company's stock, valued at approximately $525,081,000. BlackRock Inc. owned approximately 10.10% of Trex as
Trex Company (NYSE: TREX), the world's largest manufacturer of wood-alternative decking and railing, today announced the appointment of Brian J. Taylor as the c
WINCHESTER, Va.--(BUSINESS WIRE)--Trex Company (NYSE: TREX), the world's largest manufacturer of wood-alternative decking and railing, today announced the appointment of Brian J. Taylor as the company's first Chief Commercial Officer (CCO). In this newly created role, Taylor will lead Trex's commercial organization, with responsibility for sales, marketing, and information technology. In bringing these functions together, Trex is creating a more integrated, customer-focused approach to demand g.
Three outdoor stocks, namely, PII, TREX and YETI offer double-digit upside potential, with growth estimates and earnings outlooks supporting the picks.