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Trex Company downgraded to Neutral from Buy at DA Davidson » 07:41
02/25/20
02/25
07:41
02/25/20
07:41
TREX

Trex Company

$102.98 /

-3.27 (-3.08%)

DA Davidson analyst Kurt…

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03/08/13
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Conference/Events
JPMorgan to hold a conference » 04:55
02/25/20
02/25
04:55
02/25/20
04:55
AVYA

Avaya

$13.72 /

-0.515 (-3.62%)

, BHC

Bausch Health

$26.01 /

-0.5 (-1.89%)

, DOOR

Masonite

$87.43 /

-1.14 (-1.29%)

, FTAI

Fortress Transportation

$19.67 /

-0.85 (-4.14%)

, HCR

Hi-Crush Inc.

$0.75 /

-0.0161 (-2.09%)

, HOLX

Hologic

$51.39 /

-1.2 (-2.28%)

, MDP

Meredith

$29.73 /

-1.25 (-4.03%)

, PEGA

Pegasystems

$96.49 /

-2.59 (-2.61%)

, SBGI

Sinclair Broadcast

$28.22 /

-0.71 (-2.45%)

, TTMI

TTM Technologies

$13.21 /

-0.11 (-0.83%)

, UNIT

Uniti Group

$10.64 /

-0.17 (-1.57%)

, USAC

USA Compression

$15.13 /

-0.32 (-2.07%)

Global High Yield &…

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Yesterday
Hot Stocks
Trex Company names Bryan Fairbanks as new CEO effective April 29th » 16:27
02/24/20
02/24
16:27
02/24/20
16:27
TREX

Trex Company

$102.98 /

-3.27 (-3.08%)

Trex Company announced…

Trex Company announced that its board has elected Bryan Fairbanks, currently Executive Vice President and CFO, to the positions of President and CEO and Board Member. Mr. Fairbanks will assume his new roles on April 29, 2020 coinciding with James E. Cline's planned retirement from the President and CEO positions. On that date, Mr. Cline will assume the position of Chairman of the Board and Ronald W. Kaplan will move to Vice Chairman.

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Earnings
Trex Company sees Q1 revenue ~$200M, consensus $210.48M » 16:25
02/24/20
02/24
16:25
02/24/20
16:25
TREX

Trex Company

$102.98 /

-3.27 (-3.08%)

The company states:…

The company states: "Macro and company-specific factors support our confidence in Trex Company's growth prospects for 2020. We continue to operate in a strong economic environment, with healthy repair and remodel sentiment, and high consumer confidence. At the same time, demand for Trex Residential Products continues to be robust, indicating that we are capturing conversion from the large wood market. To meet this demand, we are executing on the multi-year capital expenditures program we announced in June 2019, which is progressing as planned. To date, we have added two lines in our Nevada facility and an additional line in the Virginia facility. Late in the second quarter of 2020, we will bring online three additional lines at the Nevada facility and an additional line in Virginia, which will support the strong demand that we have seen for our decking products. In October 2019, we broke ground on our new manufacturing building at our existing plant in Virginia, and capacity is expected to start to come online in the first quarter of 2021. In the meantime, our efforts to reduce material content and increase throughput on Enhance decking products are progressing well. We expect to achieve the original design target by the end of the third quarter. Due to the production and equipment modifications required, we expect this change to primarily benefit the second half of this year. We expect 2020 to be a year of strong double-digit sales growth, building on the momentum we saw in the 2019 fourth quarter. For the first quarter of 2020, we expect consolidated net sales of approximately $200 million, or 11% ahead of the first quarter 2019, with sales growth in the remainder of the year closely tied to the ramp-up of additional capacity detailed above. Full year 2020 incremental gross margin is estimated at 50%, and we expect our tax rate to be approximately 25%. Capital expenditures for full year 2019 were $67 million. For 2020, we expect capital spending to range from $140 million to $160 million, with the majority earmarked for capital expansion."

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Earnings
Trex Company reports Q4 adj. EPS 61c, consensus 51c » 16:23
02/24/20
02/24
16:23
02/24/20
16:23
TREX

Trex Company

$102.98 /

-3.27 (-3.08%)

Reports Q4 revenue…

Reports Q4 revenue $164.8M, consensus $159.37M. Q4 Trex Residential net sales were up 25% and consolidated gross margin of 43.2% was up 40bps. "Fourth quarter results were in line with our expectations for strong double-digit sales growth and sequential gross margin expansion. Our brand leadership and strong demand for our product line-up resulted in positive comparisons with the similar period in 2018 when sales benefitted from a very strong early buy season. Sequentially, our consolidated gross margin expanded 80 basis points, and Trex Residential gross margin improved by 120 basis points, resulting in operating leverage that was further enhanced by reduced SG&A spend. This enabled us to convert 18% sales growth into a 42% increase in per share earnings," noted James Cline, CEO.

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Conference/Events
JPMorgan to hold a conference » 07:55
02/24/20
02/24
07:55
02/24/20
07:55
AVYA

Avaya

$14.24 /

-0.285 (-1.96%)

, BHC

Bausch Health

$26.51 /

+0.095 (+0.36%)

, DOOR

Masonite

$88.57 /

+1.76 (+2.03%)

, FTAI

Fortress Transportation

$20.52 /

-0.61 (-2.89%)

, HCR

Hi-Crush Inc.

$0.77 /

-0.0274 (-3.44%)

, HOLX

Hologic

$52.59 /

-0.12 (-0.23%)

, MDP

Meredith

$30.98 /

-0.62 (-1.96%)

, PEGA

Pegasystems

$99.08 /

-2.72 (-2.67%)

, SBGI

Sinclair Broadcast

$28.93 /

-0.48 (-1.63%)

, TTMI

TTM Technologies

$13.32 /

-0.36 (-2.63%)

, UNIT

Uniti Group

$10.81 /

-0.12 (-1.10%)

, USAC

USA Compression

$15.45 /

-0.25 (-1.59%)

Global High Yield &…

Global High Yield & Leveraged Finance Conference will be held in Miami on February 24-26.

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03/08/13
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Friday
Upgrade
Masonite upgraded to Overweight from Equal Weight at Stephens » 07:56
02/21/20
02/21
07:56
02/21/20
07:56
DOOR

Masonite

$86.81 /

+1.87 (+2.20%)

Stephens analyst Trey…

Stephens analyst Trey Grooms upgraded Masonite to Overweight from Equal Weight with a price target of $114, up from $70. After a "turning point" year in 2019, he believes Masonite can generate significant earnings growth with continued execution on internal improvements and a "bold" North American residential pricing strategy, Grooms tells investors. Given his positive commentary from channel checks, he thinks 2020 guidance bakes in significant traction on price increases along with volume headwinds and "is attainable," the analyst added.

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Thursday
Recommendations
Masonite price target raised to $85 from $73 at RBC Capital » 07:57
02/20/20
02/20
07:57
02/20/20
07:57
DOOR

Masonite

$84.94 /

+3.83 (+4.72%)

RBC Capital analyst Mike…

RBC Capital analyst Mike Dahl raised his price target on Masonite to $85 after its Q4 earnings beat, citing its improving top-line and margins amid "higher price realization". The analyst still keeps his Sector Perform rating on the shares given the demand volatility in the first half of the year and with expectations of higher price benefits baked into the stock's valuation.

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Conference/Events
Barclays to hold a conference » 04:55
02/20/20
02/20
04:55
02/20/20
04:55
APTV

Aptiv

$90.72 /

+2.7 (+3.07%)

, HON

Honeywell

$180.87 /

+1.51 (+0.84%)

, JELD

Jeld-Wen

$22.26 /

-0.09 (-0.40%)

, ALLE

Allegion

$131.15 /

-3.145 (-2.34%)

, CF

CF Industries

$39.41 /

+1.28 (+3.36%)

, CMI

Cummins

$167.81 /

+1.75 (+1.05%)

, CP

Canadian Pacific

$270.25 /

+1.275 (+0.47%)

, CSX

CSX

$80.18 /

+0.68 (+0.86%)

, EMN

Eastman Chemical

$73.14 /

+0.46 (+0.63%)

, GD

General Dynamics

$186.48 /

-1.63 (-0.87%)

, UNP

Union Pacific

$183.45 /

+1.34 (+0.74%)

, JCI

Johnson Controls

$42.00 /

+ (+0.00%)

, PH

Parker-Hannifin

$211.96 /

+1.42 (+0.67%)

, RXN

Rexnord

$34.96 /

-0.14 (-0.40%)

, ROP

Roper Technologies

$388.38 /

-0.9 (-0.23%)

, ROK

Rockwell Automation

$200.35 /

+1.58 (+0.79%)

, RBC

Regal Beloit

$88.22 /

-0.41 (-0.46%)

, JBHT

J.B. Hunt

$110.17 /

+0.58 (+0.53%)

, J

Jacobs

$101.44 /

+0.865 (+0.86%)

, JBLU

JetBlue

$20.81 /

-0.48 (-2.25%)

, LII

Lennox

$246.36 /

+0.17 (+0.07%)

, MMM

3M

$159.37 /

+0.54 (+0.34%)

, MTZ

MasTec

$61.47 /

+0.94 (+1.55%)

, NVT

nVent Electric

$28.30 /

+0.425 (+1.52%)

Industrial Select…

Industrial Select Conference 2020 will be held in Miami on February 19-20.

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Wednesday
Recommendations
Masonite price target raised to $105 from $90 at Stifel » 13:29
02/19/20
02/19
13:29
02/19/20
13:29
DOOR

Masonite

$84.57 /

+3.46 (+4.27%)

Stifel analyst John Baugh…

Stifel analyst John Baugh raised the firm's price target on Masonite to $105 from $90 and keeps a Buy rating on the shares, telling investors that he has conviction that the new leadership is "executing change at a rapid pace that will bear immediate fruit." The analyst, who noted that Masonite delivered a solid Q4 and gave an outlook for 2020 that was above consensus, also sees a more favorable building backdrop in North America and a constructive consumer outlook.

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