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Trex Company (TREX) manufactures and distributes wood/plastic composite products, and related accessories primarily for the residential and commercial decking and railing applications in the United States.
The company offers decking products, including Trex Transcend and Trex Enhance protective shells for protection against fading, staining, and scratching; Trex Accents that provides a smooth surface on one side and subtle wood grain on the other; Trex Escapes, a cellular PVC deck board; and Trex Hideaway, a hidden fastening system for specially grooved boards.
In addition, the company offers Trex Transcend Porch Flooring and Railing System, an integrated system of porch components and accessories; and fencing products, such as Trex Seclusions fencing product that uses interlocking pickets for privacy, and Trex Surroundings fencing that uses traditional pickets. Further, it provides TrexTrim product, a cellular PVC residential exterior trim product; steel deck framing systems under Trex Elevations name; and Trex DeckLighting, a line of energy-efficient LED dimmable deck lighting, which is designed for use on posts, floors, and steps.
Additionally, the company acts as a licensor in various licensing agreements with third parties to manufacture and sell various products, including Trex Outdoor Furniture; Trex RainEscape, an above joist deck drainage system; Trex CustomCurve, an on-site system that allows contractors to heat and bend Trex products; and Trex Pergolas, a cellular PVC trim product.
We are now hearing rumors of good news for this company. One of the rumors states that this stock will be named by the leading stock advisory service as one of its "top picks." This service is widely followed by mutual funds and institutional money managers. These investors have portfolios that mimic recommendations of this service. Their naming of the stock should lead to additional demand for the shares.
52-Week Trading Range: $22.62 - $40.81
Entry Point: $39.60
Stop Loss: $37.61
Target Price: $43.67
We are closing this position after it reached our target price. IF you elecet to stay in this position, please adjust your stop losses upward to protect your gains.
