7/3/2023 0 Comments Trex wood product![]() ![]() I would have considered other composite options, but it seemed all but impossible to find enough of any other entry-level composite to finish my project. My only other choice was Trex Enhance Basics, a line of decking most similar to the Trex Enhance you’ll find in our ratings. I’m also handy and fairly good about maintenance, so in addition to staining the wood to maximize its longevity, I knew I’d periodically reseal the deck to keep it protected from the elements and looking its best. When I’d set out to start my project, those pine boards sold for about half what I would have paid for entry-level Trex decking. Far and away the best-selling decking material in the U.S., it offers the natural beauty of wood at a low cost. ![]() Like many homeowners, I was initially drawn to pressure-treated southern yellow pine. Worse, the lumber shortage was so severe that many homeowners and contractors had started buying up much of the composite decking on the market, too-leaving both options quite scarce. I planned my deck to be about 225 square feet, and I really wanted to buy 16-foot deck boards because it would make installation far simpler and help me avoid any visible seams in the surface.īut I still hadn’t been able to decide between wood and Trex, one of the more popular brands of composite decking. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time.By the spring of 2021, after a full year without steps leading to my back door, I managed to secure enough lumber to build a frame for our deck-required protocol, no matter what kind of decking boards you choose. It’s a little-known chemical company that’s up 65% over last year, yet still dirt cheap. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all. 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.įrom thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. 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. 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 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. ![]() 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. ![]()
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