Raymond James Financial Inc. Raises Position in Trex Company, Inc. $TREX

Raymond James Financial Inc. boosted its stake in Trex Company, Inc. (NYSE:TREX) by 3.7% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 265,547 shares of the construction company’s stock after buying an additional 9,466 shares during the period. Raymond James Financial Inc. owned 0.25% of Trex worth $15,428,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of the stock. American Century Companies Inc. lifted its holdings in Trex by 66.1% in the first quarter. American Century Companies Inc. now owns 1,972,125 shares of the construction company’s stock worth $114,580,000 after buying an additional 784,820 shares during the period. Element Capital Management LLC purchased a new stake in Trex in the first quarter worth about $2,593,000. Sit Investment Associates Inc. lifted its holdings in Trex by 0.5% in the first quarter. Sit Investment Associates Inc. now owns 79,855 shares of the construction company’s stock worth $4,640,000 after buying an additional 360 shares during the period. Trillium Asset Management LLC lifted its holdings in Trex by 6.4% in the first quarter. Trillium Asset Management LLC now owns 220,746 shares of the construction company’s stock worth $12,826,000 after buying an additional 13,278 shares during the period. Finally, Nuveen LLC purchased a new stake in Trex in the first quarter worth about $15,172,000. 95.96% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several analysts have commented on the stock. JPMorgan Chase & Co. lowered their price objective on shares of Trex from $73.00 to $71.00 and set a “neutral” rating for the company in a report on Wednesday, August 6th. DA Davidson set a $65.00 price objective on shares of Trex and gave the stock a “neutral” rating in a report on Tuesday, August 5th. Robert W. Baird upgraded shares of Trex from a “neutral” rating to an “outperform” rating and lifted their target price for the company from $65.00 to $75.00 in a report on Thursday, July 10th. Benchmark reiterated a “buy” rating and set a $80.00 target price on shares of Trex in a report on Monday, May 12th. Finally, UBS Group reiterated a “neutral” rating and set a $74.00 target price (up from $72.00) on shares of Trex in a report on Tuesday, August 5th. Two research analysts have rated the stock with a Strong Buy rating, six have assigned a Buy rating, seven have issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $71.93.

Insider Activity

In other Trex news, SVP Amy M. Fernandez sold 1,538 shares of the company’s stock in a transaction dated Wednesday, August 6th. The stock was sold at an average price of $64.18, for a total value of $98,708.84. Following the completion of the sale, the senior vice president owned 22,953 shares in the company, valued at $1,473,123.54. This represents a 6.28% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. 0.71% of the stock is currently owned by insiders.

Trex Stock Down 0.8%

Shares of NYSE TREX opened at $62.87 on Friday. Trex Company, Inc. has a twelve month low of $49.01 and a twelve month high of $80.74. The firm has a market cap of $6.74 billion, a P/E ratio of 36.34, a PEG ratio of 2.65 and a beta of 1.51. The company has a 50 day moving average of $61.74 and a 200 day moving average of $59.42.

Trex (NYSE:TREX) last posted its earnings results on Monday, August 4th. The construction company reported $0.74 EPS for the quarter, topping analysts’ consensus estimates of $0.72 by $0.02. Trex had a net margin of 16.53% and a return on equity of 21.27%. The business had revenue of $387.80 million during the quarter, compared to the consensus estimate of $377.49 million. During the same quarter in the previous year, the firm posted $0.80 EPS. The firm’s revenue was up 3.0% on a year-over-year basis. Trex has set its Q3 2025 guidance at EPS. As a group, equities analysts expect that Trex Company, Inc. will post 2.04 earnings per share for the current fiscal year.

Trex Profile

Trex Company, Inc manufactures and distributes composite decking, railing, and outdoor living products and accessories for residential and commercial markets in the United States. It offers decking products and accessories under the names Trex Transcend, Trex Select, Trex Signature, Trex Transcend Lineage, and Trex Enhance for protection against fading, staining, mold, and scratching; Trex Hideaway, a hidden fastening system; and Trex DeckLighting, a LED dimmable deck lighting for use on posts, floors, and steps.