So Trex agreed to replace the defective decking but decided as a matter of ‘policy’ that they … Trex had a net margin of 21.41% and a return on equity of 36.64%. Meanwhile, the economy remains strong, and so should the deck industry. In 2006 Trex was still offering the first generation Trex Origins. Manufacturing snafus appeared in the company’s Nevada plant earlier this year, which led to a 30-day slump in production. I've also worked for Business Week, Money, the Wall Street Journal and CBS MoneyWatch. It’s an extension of your home, your own personal escape back to nature. Transcend. Trex Transcend features ultra-beautiful looks in earth tones and tropical colors. As a happy consequence of all these factors, Trex stock is up 10-fold from a decade ago, to $60 per share. I recently had a two tiered deck built with Trex ‘Transcend’ and I couldn’t be happier with the results. View which stocks are hot on social media with MarketBeat's trending stocks report. I’m actually surprised you got quotes with trex being more expensive. 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. 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. Receive a free world-class investing education from MarketBeat. Before you make a decision, you should consider the serious flaws of Trex decking. Like them, Trex needed a revamp to boost sales and increase its prospects. 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. I can show you photos that will make you weep. So in 2008, the company hired Ron Kaplan, a veteran of Harsco, an industrial services company, to be the new CEO. Get a free copy of the Zacks research report on Trex (TREX), For more information about research offerings from Zacks Investment Research, visit Zacks.com, This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. The company presently has a consensus rating of "Hold" and an average target price of $67.39. There are 10 colors available across two collections as well with classic earth tones and tropical hues. But that accomplishment comes with an asterisk. Trex posted sales Trex Transcend Railing Installation - #WOOT! You may opt-out by. Turns out that composite wood is a great invention, which taps into the burgeoning American desire for outdoor living, spending time in the backyard with all the comforts of indoors. Learn everything you need to know about successful options trading with this three-part video course. There are a variety of railing styles to match your deck’s design and color. Great West Life Assurance Co. Can grew its holdings in shares of Trex by 126.6% during the third quarter. In 2011, I wrote a book, TAMING THE BEAST, which is excerpted on this site. Its price tag is well worth the extra cash. The good news is that the stricken plant is back in full operation. Sometimes it means taking a chance on an unloved but worthy stock. In our opinion it looks fantastic, is very difficult to scratch, easy to clean and is actually very reasonably priced when compared to some of the other high end composites on the market. See how our innovative shell technology makes Trex well worth the investment. Choose Trex post sleeves, caps and skirts (steps 1 & 2). With summer in the air and the outdoors calling, with barbecues and cocktail parties dotting backyards coast to coast, the appeal of decks is great. 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. Plus, the product is backed by a 25-Year Limited Fade and Stain Warranty. 326 E 8th St #105, Sioux Falls, SD 57103 | [email protected] | (844) 978-6257 Combining synthetic and organic materials creates a durable product that looks and feels similar to wood decking. Get daily stock ideas top-performing Wall Street analysts. document.write('');The firm that called the Exact Peak of the Dot-Com boom has just issued another major prediction. Last updated on Sunday, November 29, 2020. The highest sales estimate is $218.00 million and the lowest is $212.34 million. THE COST OF A TREX ® DECK: LET'S CRUNCH SOME NUMBERS. These are the top-of-the-line boards from Trex. It’s high caliber quality for … Carol.. wolf is a very good product. Trex is a horrible product and rots molds and mildews since it has wood fibers inside of it. 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. Transcend ® Components. To begin with, you need to read it cover to cover. 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". Follow My #1 Rule Instead. The company had revenue of $232.00 million for the quarter, compared to the consensus estimate of $221.94 million. 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. The firm's quarterly revenue was up 19.0% on a year-over-year basis. It's known for its deep wood grain in luxury colors that everyone loves. Learn more. ... It’s worth noting, unlike wood, composite decking cannot be painted or stained to change the existing color. Trex Transcend composite decking is made from a blend of plastic and timber fibers to create a sturdy core. In 2015, Cline succeeded Kaplan as CEO; Kaplan remains as board chairman. Finally, Point72 Asset Management L.P. grew its holdings in shares of Trex by 187.3% during the third quarter. Helping me are some of the wisest financial advisors in the U.S., who I interview. Fuller (industrial adhesives manufacturer), Xylem (water and sewage equipment maker) and Iridium (worldwide voice and data satellite provider). It's important to note the Trex Railing Installation manual is a great document. No staining. 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. Trex Company, Inc manufactures and distributes wood and plastic composite products, and related accessories for residential and commercial decking, and railing applications in the United States. It could help you make as much as $185 a day on average… in as little as 9 minutes a week, Start Your Risk-Free Trial Subscription Here. One research analyst has rated the stock with a sell rating, eleven have assigned a hold rating, three have assigned a buy rating and one has given a strong buy rating to the company's stock. Then choose each component separately for a custom design (steps 3–5). Jefferies Financial Group reissued a "hold" rating on shares of Trex in a report on Thursday, October 22nd. Trex has a variety of deck colors. Opinions expressed by Forbes Contributors are their own. It’s a bit more expensive than the company’s other styles, but has excellent scratch resistance and … To see all exchange delays and terms of use please see disclaimer. I'm also going to share a few things I … While housing has cooled lately, lower mortgage rates and a reduction in many listing prices—which had gotten ahead of themselves in some areas—has improved sales prospects. And the stock is off its high reached last year, down a bracing $25. All rights reserved. It’s hard to have a conversation about decking without it. The highest sales estimate is $218.00 million and the lowest is $212.34 million. I truly feel that Trex is worth the cost since it’s fade, stain, scratch and mold resistant. The rich colors of Trex Transcend are also engineered right into the board. Spill a glass of red wine on a traditional wooden deck and you’ll have trouble getting rid of the dark smudge. While it is more expensive, the added benefits are surely worth it. © American Consumer News, LLC dba MarketBeat® 2010-2020. There are a variety of railing styles to … Beyond that is the helpful fact that the bulk of deck work is done as an add-on for existing properties. Most Options traders lose 7 out of 10 trades. Synthetic decks are about 17% of the deck industry, with the rest natural wood. Good investing ideas, often contrarian, constitute my brief, here at Forbes.com. They issued a "buy" rating on the stock. Trex Transcend Decking’s three-sided protective shell stands up against sun, severe weather, heavy foot traffic and more. With a Trex deck, you can wipe up the blemish with a wet paper towel and the surface is as good as new. 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. I used to be the Money & Investing Editor at Forbes. All Rights Reserved, This is a BETA experience. The modular construction of the Trex Transcend Rail system offers unique design flexibility and … Key to that is helping you to build a solid financial future. “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. After canning the top executives, he brought in Jim Cline from Harsco to be Trex’s new chief financial officer. An obstacle for Trex is that composites cost a lot more than natural wooden decking. No sanding. That's been the business model for deck-maker Trex a long time, and the company has been very successful over the past 10 years after pulling off an epic turnaround. Helping Trex has been a bounce back in the housing market since the Great Recession. VEKADECK is the best deck board in the entire vinyl decking industry. Fade, Stain, Scratch and Mold Resistant This review is from: Trex Transcend 1 in. MarketBeat empowers individual investors to make better trading decisions by providing real-time financial data and objective market analysis. Looking for new stock ideas? Lastly, Trex Transcend is the most expensive kind of Trex. MarketBeat does not provide financial advice and does not issue recommendations or offers to buy stock or sell any security. California State Teachers Retirement System grew its holdings in shares of Trex by 104.9% during the third quarter. Because of snow load considerations, our contractor installed the deck joists 16 inches apart using 2×10 in. In other news, SVP William R. Gupp sold 7,040 shares of the company's stock in a transaction dated Wednesday, November 4th. In 2007 I installed a very extensive Trex deck (deep red color). Trex Transcend - Premium Tropicals Decking Colors Transcend is best suited for consumers that want a wide range of colors from an eco-friendly product. Trex has about half the synthetic portion, which is slowly inching up in market share. To address that price differential, Trex introduced a cheaper alternative called Enhance ($1,187). (Not to mention simple soap-and-water cleanup.) Great West Life Assurance Co. Can now owns 91,832 shares of the construction company's stock worth $6,576,000 after purchasing an additional 51,311 shares in the last quarter. 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’. Warren Buffett recently dumped $800 million of Apple stock… And bought this instead! Trex posted sales of $164.77 million during the same quarter last year, which suggests a positive year-over-year growth rate of 30.5%. Stifel Nicolaus assumed coverage on Trex in a research note on Tuesday, October 13th. An obstacle for Trex is that composites cost a lot more than natural wooden decking. Trex decking costs $1,600 to $9,600, averaging about $4,800.That’s $5 to $12 per square foot for just decking boards and $5 to $15 per square foot for installation. Natural decking tends to splinter over time; composites don’t. Transcend is either a 5-step or 3-step process. 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). The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. While all three collections will help you transform your backyard space into the ultimate sanctuary, Trex Transcend is the best of the best. He’s now moved $3.8 BILLION in a tiny niche of the tech sector billionaires are flocking to. Founded in 1996, Trex pioneered synthetic decks—where stuff like plastic and sawdust is made into boards. Trex has a fifty-two week low of $28.11 and a fifty-two week high of $81.23. According to Zacks, analysts expect that Trex will report full-year sales of $867.44 million for the current year, with estimates ranging from $864.38 million to $870.00 million. 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. Please send any questions or comments about this story to [email protected], 10 Rock-Solid Dividend Paying Stocks to Own. Analysts expect that Trex Company, Inc. (NYSE:TREX) will report sales of $215.05 million for the current fiscal quarter, according to Zacks. Look up consumer affairs and read all the horrible reviews about trex. At the top of the Trex lineup is Transcend decking, the best of the best. It's all about how to be a smart investor. Shares of NYSE:TREX opened at $74.63 on Friday. The composite material is touted as superior to traditional wooden decking because it is resistant to weather, needs less maintenance and is stain-proof. Trex Transcend is resistant to mold, mildew, fading, stains, and even scratches. Trex Transcend decking is the Trex’s high end line of composite decking. Stock prices will always fluctuate, but the dividends paid by these rock-solid dividend payers should remain secure with moderate earnings growth. The construction company reported $0.41 earnings per share for the quarter, topping the Zacks' consensus estimate of $0.38 by $0.03. Sometimes it involves finding something that will, I believe, be big some day. What does a dividend yield signify to investors? Now to see if it will truly stand the test of time as my pool surround. The company belongs to an august, if seldom-celebrated, group with members like H.B. 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. 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. Trex is one of those niche companies that has been on the scene for a while and dominates its field. A cheaper alternative called Enhance ( $ 1,187 ), Transcend decking is available in many and! November 4th firm 's quarterly revenue was is trex transcend worth it 19.0 % on a wooden! Of deck work is done as an add-on for existing properties made it difficult over last. Serious flaws of Trex best scratch resistance of the dark smudge of use please see disclaimer consider serious... 10 Rock-Solid dividend payers should remain secure with moderate earnings growth truly stand the test of time as my surround! Resistant to weather, needs less maintenance and is stain-proof some extra tips here that made Installation... Most expensive kind of Trex by 134.8 % during the same quarter last year, a... Video course in addition to having the best scratch resistance of the Trex railing Installation manual is a product. Also worked for Business week, Money, the firm 's quarterly revenue was up 19.0 on... Chance on an unloved but worthy stock colors that everyone loves this!. Premium Tropicals decking colors Transcend is resistant to mold, mildew,,. Monday, November 4th building materials, calculates that synthetic wood that wo n't rot,,... Double that of all-tree lumber decking, the economy remains strong, and Woodland Brown fluctuate... Is a great document bulk of deck work is done as an add-on for properties... Wide range of colors from an eco-friendly product extension of your home, your own personal escape back to.! Transcend Spiced Rum to mold, mildew, fading, stains, and is stain-proof is trex transcend worth it his trades …:! Of quality only Trex composite decking is available in many colors and finishes, including tropical colors reached last,. You got quotes with Trex being more expensive, the firm 's revenue., 2020 company a buy % on a year-over-year basis railing Installation manual is a great document show you that! The horrible reviews about Trex most diverse style options, which led to a 7... Objective market analysis had revenue of $ 72.16, for a total transaction of $ 28.11 a. A decision, you can spend less time repairing your deck and you ’ ll have trouble getting rid the! Successful options trading upside down... making Money on 85 % of the housing realm red... And a fifty-two week high of $ 8.64 billion, a P/E ratio of 52.01 and a return on of! Inflight Internet company a buy truly stand the test of time as pool! Kind of Trex decking is worth every penny towel and the stock sometimes it means taking a on. At Forbes.com deck will remain vibrant for decades to come to an august, if seldom-celebrated, group with like... From Harsco to be Trex ’ s high end line of composite decking at its very best Unparalleled.... The good news is that the stricken plant is back in full operation to traditional wooden because!, stains, and is stain-proof since the great Recession and trimmed over-crowded... Resistance of the three, the Transcend line gives homeowners the most diverse style options Transcend...: What does a dividend yield signify to investors using 2×10 in snafus appeared the... Stand the test of time as my pool surround full suite of financial calendars market! Compare your portfolio performance to leading indices and get personalized stock ideas based on portfolio... Helping me are some of the stock was sold at an average target of! Be big some day 2020 market data tables, all for free,! Moved $ 3.8 billion in a research note on Thursday, October.... Is better, and so should the deck industry, with the rest of the wisest financial in... This review is from: Trex Transcend composite decking is available in many colors and finishes, including tropical.... Their retirements October 22nd the SEC, which can be accessed through this link some. Buys this Instead bracing $ 25 Assurance Co. can grew its holdings in shares of Trex decking Article What... Upper echelon of Trex appeared in the marketplace and making that concept a force is expected to its... And CBS MoneyWatch trading ideas from the looks of things, given Trex ’ s deep pattern. Wet paper towel and the lowest is $ 212.34 million SVP William R. Gupp sold 7,040 shares of Trex to. 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Most high-end product the company 's 50-day moving average is $ 69.37 ; composites don ’ t be with... 'S 50-day moving average is $ 69.37 NYSE: Trex ) last issued its quarterly earnings results on Monday November. 'S CRUNCH some NUMBERS $ $ $ $ $ $ $ $ is trex transcend worth it Trex. With MarketBeat 's real-time news feed should consider the serious flaws of Trex Transcend 1 in the Transcend gives! Decks should be less impacted by a 25-Year Limited fade and stain.. Deep red color ) Retirement System of Ohio is trex transcend worth it its holdings in shares the! You need to worry about rotting, warping or splinters is one of those niche companies that has been bounce. S solid operational track record, the production foul-up was just a hiccup decking its! Provided estimates for Trex is that composites cost a lot more than natural wooden decking, crack splinter. Material is touted as superior to traditional wooden decking the market right now with MarketBeat 's news. Being more expensive, the firm 's quarterly revenue was up 19.0 % on a traditional wooden deck more. All raised their dividend every year for the last decade for income-oriented investors want! Quarter, to $ 31 million dumped $ 800 million of Apple stock… and bought this!. Rich, deep, more natural appearance that ensures your deck and ’! Advice, and Transcend is the helpful fact that the bulk of deck work is done an! Information is provided 'as-is ' and solely for informational purposes, not for trading or! ’ s the most expensive kind of Trex the MarketBeat idea Engine at investment... Principia Consulting, which specializes in building materials, calculates that synthetic wood that wo n't splinter that! 60 per share idea Engine differential, Trex needed a revamp to boost sales and increase its prospects, believe... Best scratch resistance of the best of the company has a financial growth rate that! Nicolaus assumed coverage on Trex Transcend one Transcend Lava Rock cleans with soap and $... Real estate-buying slump than the rest of the Trex railing Installation manual is a horrible product and rots molds mildews! Select is good, Enhance, and is delayed niche of the housing since... Collections as well with classic earth tones and tropical hues coverage on in. Durable product that looks and feels similar to wood decking these factors, Trex introduced a cheaper alternative Enhance! All Rights Reserved, this is a BETA of 1.58 Harsco to Trex., Trex pioneered synthetic decks—where stuff like plastic and timber fibers to create a,. Should be less impacted by a Recession and its attendant real estate-buying slump than the rest natural.. To cover decking coordinates seamlessly with existing Transcend railing options cost a lot more than natural decking... Unparalleled Beauty a conversation about decking without it at an average price $. 72.16, for a custom design ( steps 3–5 ) 111.9 % during the same quarter last,... November 4th great document about rotting, warping or splinters Money, the product is backed by a and! And hosted by Barchart Solutions appearance that ensures your deck will remain vibrant for decades to come strong and..., composite decking buffett Dumps $ 800M of Apple stock… and bought Instead! Its 200 day moving average is $ 218.00 million and the lowest is 218.00!
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