TD Private Client Wealth LLC Cuts Stock Position in Trex Company, Inc. $TREX

TD Private Client Wealth LLC reduced its position in Trex Company, Inc. (NYSE:TREX) by 39.6% in the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 1,671 shares of the construction company’s stock after selling 1,094 shares during the quarter. TD Private Client Wealth LLC’s holdings in Trex were worth $91,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently modified their holdings of TREX. Wealth Enhancement Advisory Services LLC boosted its holdings in shares of Trex by 14.1% in the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 11,150 shares of the construction company’s stock worth $770,000 after purchasing an additional 1,379 shares in the last quarter. GAMMA Investing LLC boosted its holdings in shares of Trex by 13,708.1% in the 1st quarter. GAMMA Investing LLC now owns 96,795 shares of the construction company’s stock worth $5,624,000 after purchasing an additional 96,094 shares in the last quarter. NBC Securities Inc. boosted its holdings in shares of Trex by 122,070.0% in the 1st quarter. NBC Securities Inc. now owns 12,217 shares of the construction company’s stock worth $709,000 after purchasing an additional 12,207 shares in the last quarter. Park Avenue Securities LLC boosted its holdings in shares of Trex by 12.3% in the 1st quarter. Park Avenue Securities LLC now owns 8,361 shares of the construction company’s stock worth $486,000 after purchasing an additional 917 shares in the last quarter. Finally, Bennett Selby Investments LP boosted its holdings in shares of Trex by 16.5% in the 1st quarter. Bennett Selby Investments LP now owns 60,953 shares of the construction company’s stock worth $3,541,000 after purchasing an additional 8,654 shares in the last quarter. 95.96% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In other news, SVP Amy M. Fernandez sold 1,538 shares of the stock in a transaction that occurred on 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 transaction, the senior vice president owned 22,953 shares of the company’s stock, valued at approximately $1,473,123.54. This represents a 6.28% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 0.71% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have recently issued reports on the company. JPMorgan Chase & Co. cut their price objective on Trex from $73.00 to $71.00 and set a “neutral” rating for the company in a report on Wednesday, August 6th. B. Riley upgraded Trex to a “strong-buy” rating in a report on Monday, July 21st. Robert W. Baird upgraded Trex from a “neutral” rating to an “outperform” rating and increased their target price for the company from $65.00 to $75.00 in a report on Thursday, July 10th. Baird R W upgraded Trex from a “hold” rating to a “strong-buy” rating in a report on Thursday, July 10th. Finally, DA Davidson set a $65.00 target price on Trex and gave the company a “neutral” rating in a report on Tuesday, August 5th. Two equities 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 assigned a Sell rating to the company’s stock. According to data from MarketBeat, Trex presently has an average rating of “Moderate Buy” and an average target price of $71.93.

Trex Stock Performance

Shares of NYSE:TREX opened at $51.32 on Tuesday. Trex Company, Inc. has a 52-week low of $49.01 and a 52-week high of $80.74. The firm has a market capitalization of $5.50 billion, a P/E ratio of 29.66, a P/E/G ratio of 2.14 and a beta of 1.51. The stock has a 50 day moving average price of $61.13 and a 200-day moving average price of $58.80.

Trex (NYSE:TREX) last announced its earnings results on Monday, August 4th. The construction company reported $0.74 earnings per share (EPS) for the quarter, topping the consensus estimate 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 during the quarter, compared to analyst estimates of $377.49 million. During the same quarter in the prior year, the company earned $0.80 EPS. The business’s revenue was up 3.0% compared to the same quarter last year. Trex has set its Q3 2025 guidance at EPS. On average, equities analysts forecast that Trex Company, Inc. will post 2.04 EPS for the current fiscal year.

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.