Trex Company, Inc. $TREX Shares Acquired by Hsbc Holdings PLC

Hsbc Holdings PLC increased its stake in Trex Company, Inc. (NYSE:TREX) by 8.3% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 5,081 shares of the construction company’s stock after acquiring an additional 390 shares during the period. Hsbc Holdings PLC’s holdings in Trex were worth $295,000 at the end of the most recent reporting period.

Several other hedge funds have also modified their holdings of TREX. State of Michigan Retirement System raised its stake in Trex by 0.8% in the first quarter. State of Michigan Retirement System now owns 25,622 shares of the construction company’s stock valued at $1,489,000 after buying an additional 200 shares in the last quarter. Stephens Inc. AR raised its stake in Trex by 3.7% in the first quarter. Stephens Inc. AR now owns 6,530 shares of the construction company’s stock valued at $379,000 after buying an additional 236 shares in the last quarter. ProShare Advisors LLC raised its stake in Trex by 5.8% in the fourth quarter. ProShare Advisors LLC now owns 5,013 shares of the construction company’s stock valued at $346,000 after buying an additional 274 shares in the last quarter. Louisiana State Employees Retirement System raised its stake in Trex by 1.0% in the first quarter. Louisiana State Employees Retirement System now owns 30,000 shares of the construction company’s stock valued at $1,743,000 after buying an additional 300 shares in the last quarter. Finally, State of Alaska Department of Revenue raised its stake in Trex by 2.7% in the first quarter. State of Alaska Department of Revenue now owns 12,546 shares of the construction company’s stock valued at $728,000 after buying an additional 330 shares in the last quarter. 95.96% of the stock is currently owned by institutional investors and hedge funds.

Trex Stock Performance

Shares of TREX stock opened at $59.71 on Thursday. Trex Company, Inc. has a 1 year low of $49.01 and a 1 year high of $80.74. The stock’s 50-day moving average is $62.20 and its two-hundred day moving average is $59.22. The firm has a market cap of $6.40 billion, a price-to-earnings ratio of 34.52, a PEG ratio of 2.58 and a beta of 1.51.

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

Insider Activity

In related news, SVP Amy M. Fernandez sold 1,538 shares of the firm’s stock in a transaction dated Wednesday, August 6th. The stock was sold at an average price of $64.18, for a total transaction of $98,708.84. Following the transaction, the senior vice president owned 22,953 shares of the company’s stock, valued at $1,473,123.54. This trade represents a 6.28% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. 0.74% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of analysts have weighed in on the company. Robert W. Baird upgraded Trex from a “neutral” rating to an “outperform” rating and raised their price target for the company from $65.00 to $75.00 in a research note on Thursday, July 10th. Stephens cut their price target on Trex from $73.00 to $65.00 and set an “equal weight” rating on the stock in a research note on Monday, May 12th. Baird R W upgraded Trex from a “hold” rating to a “strong-buy” rating in a research note on Thursday, July 10th. DA Davidson set a $65.00 price target on Trex and gave the company a “neutral” rating in a research note on Tuesday, August 5th. Finally, B. Riley raised Trex to a “strong-buy” rating in a report on Monday, July 21st. Two investment analysts have rated the stock with a Strong Buy rating, six have given a Buy rating, seven have given a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $71.93.

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.