Corporate insiders own 0.79% of the company's stock. Peloton Wealth Strategists now owns 10,800 shares of the construction company's stock worth $773,000 after purchasing an additional 6,200 shares in the last quarter. Historically low-interest rates have made it difficult over the last decade for income-oriented investors that want to generate safe cash flow for their retirements. No sanding, painting or staining is required — and there’s no need to worry about rotting, warping or splinters. During the same period in the previous year, the firm earned $0.72 EPS. x 5-1/2 in. The companies in this slideshow have all raised their dividend every year for the last ten years. After canning the top executives, he brought in Jim Cline from Harsco to be Trex’s new chief financial officer. Trex Transcend Decking’s three-sided protective shell stands up against sun, severe weather, heavy foot traffic and more. A number of brokerages recently weighed in on TREX. Stifel Nicolaus assumed coverage on Trex in a research note on Tuesday, October 13th. Natural decking tends to splinter over time; composites don’t. Gogo (NASDAQ:GOGO) Stock: Is the Inflight Internet Company a Buy? To begin with, you need to read it cover to cover. Helping Trex has been a bounce back in the housing market since the Great Recession. Trex Transcend - Premium Tropicals Decking Colors Transcend is best suited for consumers that want a wide range of colors from an eco-friendly product. You can’t go wrong with any type of decking from Trex, but we’ve created a chart to help you decide which type is best for your needs. Trex has about half the synthetic portion, which is slowly inching up in market share. Trex ® composite decking at its very best Unparalleled Beauty. Don’t Buy Options. He’s agreed to share his secret with a small group of investors. The company presently has a consensus rating of "Hold" and an average target price of $67.39. Meanwhile, the economy remains strong, and so should the deck industry. While fixed interest rates from bond investments will lose purchasing power to inflation over time, the purchasing power of income from dividend growth stocks is more protected because companies tend to raise their dividend payments every year. Get daily stock ideas top-performing Wall Street analysts. Buffett Dumps $800M Of Apple, Buys This Instead! Whether you’re looking for analyst ratings, corporate buybacks, dividends, earnings, economic reports, financials, insider trades, IPOs, SEC filings or stock splits, MarketBeat has the objective information you need to analyze any stock. An obstacle for Trex is that composites cost a lot more than natural wooden decking. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. The company had revenue of $232.00 million for the quarter, compared to the consensus estimate of $221.94 million. They issued a "buy" rating on the stock. Information is provided 'as-is' and solely for informational purposes, not for trading purposes or advice, and is delayed. View the "10 Rock-Solid Dividend Paying Stocks to Own". Then choose each component separately for a custom design (steps 3–5). I truly feel that Trex is worth the cost since it’s fade, stain, scratch and mold resistant. California State Teachers Retirement System grew its holdings in shares of Trex by 104.9% during the third quarter. Trex Select provides five color options, including Pebble Grey, Madeira, Saddle, Winchester Grey, and Woodland Brown. Learn everything you need to know about successful options trading with this three-part video course. Fundamental company data provided by Morningstar and Zacks Investment Research. Transcend. Like the Enhanced line, Transcend boards are also .94 inches thick, with a width of 5.5 inches, and come in lengths of 12’, 16’, and 20’. Trex Transcend Lava Rock cleans with soap and water $$$ Why Trex? But that accomplishment comes with an asterisk. As analysts at Stifel Financial Advisors wrote, after the earnings call, “the overall demand picture appears to be healthy heading into the prime deck-building season, and early indications for the new Enhance products are favorable.”. It’s the most high-end product the company offers. DA Davidson boosted their price target on shares of Trex from $65.00 to $75.00 and gave the stock a "neutral" rating in a report on Tuesday, November 3rd. While it is more expensive, the added benefits are surely worth it. The modular construction of the Trex Transcend Rail system offers unique design flexibility and … In 2006 Trex was still offering the first generation Trex Origins. Trex vs Timbertech – Durability Durability of the cap is a major concern since that’s the area exposed to the blazing sun, frigid winter temperatures, staining, and potential scratches. So in 2008, the company hired Ron Kaplan, a veteran of Harsco, an industrial services company, to be the new CEO. Please send any questions or comments about this story to [email protected], 10 Rock-Solid Dividend Paying Stocks to Own. Trex Transcend has the standard 25-year warranty and is a composite board made from 95% recycled content, so there’s not a lot of filler in their planks. The highest sales estimate is $218.00 million and the lowest is $212.34 million. The upper echelon of Trex decking is the Trex Transcend product line. Dividend-paying stocks have become more appealing to income investors because of their competitive yields, the favorite tax treatment that dividends receive, and their ability to grow their payouts over time. Because of snow load considerations, our contractor installed the deck joists 16 inches apart using 2×10 in. Trex has a fifty-two week low of $28.11 and a fifty-two week high of $81.23. Trex Transcend decking is the Trex’s high end line of composite decking. This is a tale of taking a good idea that had floundered in the marketplace and making that concept a force. We know a deck is never just a deck. They revamped the inefficient manufacturing process, overhauled the puzzling bonus system and trimmed the over-crowded inventory. Seven analysts have provided estimates for Trex's earnings. I’m actually surprised you got quotes with trex being more expensive. Trex Transcend, well, transcends other decking materials by offering a benefit unmatched by wood, composites, and PVC decking - a guaranteed stain and fade resistant finish. There are 10 colors available across two collections as well with classic earth tones and tropical hues. Compare your portfolio performance to leading indices and get personalized stock ideas based on your portfolio. Beyond that is the helpful fact that the bulk of deck work is done as an add-on for existing properties. From the looks of things, given Trex’s solid operational track record, the production foul-up was just a hiccup. The stock was sold at an average price of $72.16, for a total transaction of $508,006.40. Public Employees Retirement System of Ohio grew its holdings in shares of Trex by 111.9% during the third quarter. Available in two color styles, Earth Tones and Tropicals, Trex Transcend is engineered with a proprietary shell technology to prevent fading, staining, and scratching and resist mold and mildew. California State Teachers Retirement System now owns 204,035 shares of the construction company's stock worth $14,609,000 after purchasing an additional 104,480 shares in the last quarter. No sanding. That resulted in a 15% slide in net income for the first quarter, to $31 million. Point72 Asset Management L.P. now owns 38,492 shares of the construction company's stock worth $2,756,000 after purchasing an additional 25,093 shares in the last quarter. Good investing ideas, often contrarian, constitute my brief, here at Forbes.com. Trex Transcend Railing Installation - #WOOT! It's all about how to be a smart investor. I confirmed in a web chat with Trex themselves... this was the response on the differences between the lines.. "Our products are classified as good, better, and best. It offers Trex Transcend, Trex Select, and Trex Enhance protective shells for protection against fading, staining, mold, and scratching; and Trex Hideaway, a hidden fastening system for grooved boards; and Trex DeckLighting, a LED dimmable deck lighting for use on posts, floors, and steps. MarketBeat empowers individual investors to make better trading decisions by providing real-time financial data and objective market analysis. As expected, Transcend decking is available in many colors and finishes, including tropical colors. Transcend ® Components. Sometimes it involves finding something that will, I believe, be big some day. Trex Enhance features both stain resistant and fade resistant qualities and is also resistant to both mold and mildew to a certain point. Trex is a horrible product and rots molds and mildews since it has wood fibers inside of it. EY & Citi On The Importance Of Resilience And Innovation, Impact 50: Investors Seeking Profit — And Pushing For Change, Michigan Economic Development Corporation With Forbes Insights. I'm just going to share some extra tips here that made my installation go faster. These companies also have low payout ratios (below 75%), meaning that they will have the ability to continue to pay their dividend if their earnings have a temporary dip. In 2017, the company expanded its offerings by buying SC, which makes synthetic wooden railing for sports stadiums (Madison Square Garden in New York is one customer, for instance). I've also worked for Business Week, Money, the Wall Street Journal and CBS MoneyWatch. © 2020 Forbes Media LLC. Follow My #1 Rule Instead. Trex had a net margin of 21.41% and a return on equity of 36.64%. Finally, Point72 Asset Management L.P. grew its holdings in shares of Trex by 187.3% during the third quarter. Like them, Trex needed a revamp to boost sales and increase its prospects. Key to that is helping you to build a solid financial future. Seven analysts have provided estimates for Trex's earnings. Founded in 1996, Trex pioneered synthetic decks—where stuff like plastic and sawdust is made into boards. Receive a free world-class investing education from MarketBeat. And the stock is off its high reached last year, down a bracing $25. The company belongs to an august, if seldom-celebrated, group with members like H.B. ValuEngine cut Trex from a "hold" rating to a "sell" rating in a research note on Thursday, October 1st. Zacks' sales calculations are a mean average based on a survey of analysts that cover Trex. Before you make a decision, you should consider the serious flaws of Trex decking. Over the past five years, as of third quarter 2018, the end of the  deck-erecting season, Trex has shown an impressive double-digit growth pace. Public Employees Retirement System of Ohio now owns 46,841 shares of the construction company's stock worth $3,354,000 after purchasing an additional 24,731 shares in the last quarter. Get short term trading ideas from the MarketBeat Idea Engine. No painting. Debt has been whittled away to a mere 7% of capital. Beyond the initial premium cost of composite decking, the cost of maintaining, replacing and simply hating the mess other products can turn into is worth a run through the calculator. x 16 ft. Tiki Torch Square Edge Capped Composite Decking Board, Brown I have a 12 x 40 section of cedar deck with a roof overhang of 24". No kidding. Trex Transcend composite decking is made from a blend of plastic and timber fibers to create a sturdy core. (Not to mention simple soap-and-water cleanup.) As a happy consequence of all these factors, Trex stock is up 10-fold from a decade ago, to $60 per share. Select is good, Enhance is better, and Transcend is best. Stock prices will always fluctuate, but the dividends paid by these rock-solid dividend payers should remain secure with moderate earnings growth. Analysts expect that Trex Company, Inc. (NYSE:TREX) will report sales of $215.05 million for the current fiscal quarter, according to Zacks. “Our production rates have come up to planned levels and associated operating inefficiencies have been reduced dramatically,” CEO Cline told analysts in the company's late-April earnings call. In a high-end comparison of the Legacy Collection by TimberTech vs Trex Transcend, TimberTech offers the most realistic-looking boards, ... you really can’t go wrong with either brand but it is definitely worth a closer examination of the specific products offered. Since Trex decking is warranted for 25 years, I filed a warranty claim only to find out the quality problem I experienced was systemic and subject to a Class Action suit against Trex. THE COST OF A TREX ® DECK: LET'S CRUNCH SOME NUMBERS. In 2007 I installed a very extensive Trex deck (deep red color). Complete the form below to receive the latest headlines and analysts' recommendations for your stocks with our free daily email newsletter: View the latest news, buy/sell ratings, SEC filings and insider transactions for your stocks. Sign up for MarketBeat All Access to gain access to MarketBeat's full suite of research tools: Analysts expect that Trex Company, Inc. (NYSE:TREX) will report sales of $215.05 million for the current fiscal quarter, according to Zacks. By Trex’s estimates, for a 16- by 20-foot deck, the materials outlay for its Transcend line are $2,714, almost five times that of regular wood ($577). In 2015, Cline succeeded Kaplan as CEO; Kaplan remains as board chairman. To address that price differential, Trex introduced a cheaper alternative called Enhance ($1,187). Helping me are some of the wisest financial advisors in the U.S., who I interview. With a Trex deck, you can wipe up the blemish with a wet paper towel and the surface is as good as new. It’s a bit more expensive than the company’s other styles, but has excellent scratch resistance and … This core is then encased in a synthetic shell on three sides, which protects it from the elements and offers resistance to fading, scratches, or developing mould or mildew. Now I'm markets editor at Chief Investment Officer. I recently had a two tiered deck built with Trex ‘Transcend’ and I couldn’t be happier with the results. 232.00 million for the last ten years tiered deck built with Trex ‘ Transcend ’ i! Soap and water $ $ Why Trex to worry about rotting, warping splinters! 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