Trex Company, Inc. $TREX Stock Position Lowered by Intech Investment Management LLC

Intech Investment Management LLC decreased its stake in Trex Company, Inc. (NYSE:TREX) by 15.6% in the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 34,916 shares of the construction company’s stock after selling 6,456 shares during the quarter. Intech Investment Management LLC’s holdings in Trex were worth $2,029,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Brooklyn Investment Group increased its stake in shares of Trex by 35,733.3% during the 1st quarter. Brooklyn Investment Group now owns 1,075 shares of the construction company’s stock worth $62,000 after purchasing an additional 1,072 shares during the last quarter. Blue Trust Inc. increased its stake in shares of Trex by 55.9% during the 1st quarter. Blue Trust Inc. now owns 1,138 shares of the construction company’s stock worth $66,000 after purchasing an additional 408 shares during the last quarter. Quarry LP acquired a new position in Trex in the 1st quarter valued at $78,000. GAMMA Investing LLC grew its stake in Trex by 137.7% in the 1st quarter. GAMMA Investing LLC now owns 1,666 shares of the construction company’s stock valued at $97,000 after buying an additional 965 shares during the last quarter. Finally, Banque Transatlantique SA acquired a new position in Trex in the 1st quarter valued at $100,000. Hedge funds and other institutional investors own 95.96% of the company’s stock.

Trex Stock Down 2.7%

NYSE:TREX opened at $58.25 on Wednesday. The company has a fifty day moving average of $62.93 and a 200-day moving average of $59.06. The firm has a market capitalization of $6.25 billion, a P/E ratio of 33.67, a P/E/G ratio of 2.50 and a beta of 1.51. Trex Company, Inc. has a twelve month low of $49.01 and a twelve month high of $80.74.

Trex (NYSE:TREX) last posted its quarterly earnings data 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. The firm had revenue of $387.80 million for the quarter, compared to the consensus estimate of $377.49 million. Trex had a net margin of 16.53% and a return on equity of 21.27%. The business’s revenue for the quarter was up 3.0% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.80 EPS. Trex has set its Q3 2025 guidance at EPS. On average, analysts anticipate that Trex Company, Inc. will post 2.04 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of research firms recently issued reports on TREX. B. Riley upgraded shares of Trex to a “strong-buy” rating in a research note on Monday, July 21st. Robert W. Baird upgraded shares of Trex from a “neutral” rating to an “outperform” rating and raised their target price for the company from $65.00 to $75.00 in a research note on Thursday, July 10th. Wall Street Zen upgraded shares of Trex from a “sell” rating to a “hold” rating in a research note on Saturday, August 9th. Baird R W raised shares of Trex from a “hold” rating to a “strong-buy” rating in a report on Thursday, July 10th. Finally, UBS Group reissued a “neutral” rating and issued a $74.00 price target (up from $72.00) on shares of Trex in a report on Tuesday, August 5th. Two investment analysts have rated the stock with a Strong Buy rating, six have issued a Buy rating, seven have assigned a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $71.93.

Insider Transactions at Trex

In other Trex news, SVP Amy M. Fernandez sold 1,538 shares of Trex stock in a transaction on Wednesday, August 6th. The shares were sold at an average price of $64.18, for a total transaction of $98,708.84. Following the transaction, the senior vice president directly owned 22,953 shares of the company’s stock, valued at $1,473,123.54. The trade was a 6.28% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 0.74% of the stock is owned by corporate insiders.

About Trex

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.