8/27/2023 0 Comments Trex select handrail![]() The monthly returns are then compounded to arrive at the annual return. A simple, equally-weighted average return of all Zacks Rank stocks is calculated to determine the monthly return. Zacks Rank stock-rating system returns are computed monthly based on the beginning of the month and end of the month Zacks Rank stock prices plus any dividends received during that particular month. These returns cover a period from Januthrough May 15, 2023. Since 1988 it has more than doubled the S&P 500 with an average gain of +24.17% per year. This dedication to giving investors a trading advantage led to the creation of our proven Zacks Rank stock-rating system. and Morningstar, Inc.Ĭopyright 2023 Zacks Investment Research | 10 S Riverside Plaza Suite #1600 | Chicago, IL 60606Īt the center of everything we do is a strong commitment to independent research and sharing its profitable discoveries with investors. Forbes Media, LLC Investor's Business Daily, Inc. Each of the company logos represented herein are trademarks of Microsoft Corporation Dow Jones & Company Nasdaq, Inc. ![]() This page has not been authorized, sponsored, or otherwise approved or endorsed by the companies represented herein. The Zacks Consensus Estimate for WSO’s 2023 sales and EPS indicates growth of 3.1% and 2.2%, respectively, from the previous year’s reported levels. Shares of the company have gained 31.2% in the year-to-date period. WSO delivered a trailing four-quarter earnings surprise of 5.3%, on average. ( WSO Quick Quote WSO - Free Report) currently sports a Zacks Rank #1. The Zacks Consensus Estimate for VMC’s 2023 sales and EPS indicates growth of 5.9% and 26.2%, respectively, from the previous year’s reported levels. Shares of the company have gained 13.6% in the year-to-date period. VMC has a trailing four-quarter earnings surprise of 7.1%, on average. Vulcan Materials Company ( VMC Quick Quote VMC - Free Report) currently carries a Zacks Rank #1. The Zacks Consensus Estimate for MLM’s 2023 sales and EPS indicates growth of 19% and 32.1%, respectively, from the previous year’s reported levels. Shares of the company have gained 19.7% in the year-to-date period. MLM delivered a trailing four-quarter earnings surprise of 31%, on average. ( MLM Quick Quote MLM - Free Report) currently sports a Zacks Rank #1. Here are some top-ranked stocks that investors may consider from the Zacks Construction sector. ![]() You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here. TREX currently carries a Zacks Rank #3 (Hold). The company also capitalized on the opportunity to upgrade its equipment and generate operating efficiencies. The upside was backed by improved raw material usage. In the first quarter of 2023, TREX witnessed a sequential rise in its gross margin to 39.6% from 34.1% reported in fourth-quarter 2022. As of the end of the quarter, the company’s plants produced at an annual revenue rate of $1 billion, attributable to its ability to efficiently and swiftly mold its production levels based on the demand pattern. ![]() Its product development initiatives had a positive outlook, accelerating its growth momentum. In first-quarter 2023, TREX engaged in delivering innovative new products that meet the evolving needs of consumers, strengthening its market leadership position along with creating demand. Also, the company’s sound relationships with its top-notch channel partners in the industry assisted it to achieve industry-leading margins and profitability. It gains from improved manufacturing performance and other cost-containment actions. TREX’s consistent product portfolio development and strategic sale initiatives help it to maintain growth momentum, despite various macroeconomic and inflationary risks. The stock has increased 26.1% in the year-to-date period against the Zacks Building Products - Wood industry’s decline of 1.3%. Shares of TREX grew 3.9% during the trading session on Jun 1. This product line reflects competitive pricing, high performance and low maintenance. The versatility of the T-Rail design gives TREX a competitive edge over its peers in the deck railing market.Īlso, Trex continues its sustainability practice by using a minimum of 40% recycled materials for the manufacturing of the products. The Trex Select T-Rail’s classic T design comes with two infill options - square composite balusters in Classic White and round aluminum balusters in Charcoal Black. This is a composite railing system that features a popular T-shaped top rail, designed to approach a broader customer band with pricing that is leveled with PVC vinyl railing. ( TREX Quick Quote TREX - Free Report) expands its product footprint with the new Trex Select T-Rail.
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