GAMMA Investing LLC Sells 208 Shares of Trex Company, Inc. $TREX

GAMMA Investing LLC trimmed its position in shares of Trex Company, Inc. (NYSE:TREX) by 12.5% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,458 shares of the construction company’s stock after selling 208 shares during the period. GAMMA Investing LLC’s holdings in Trex were worth $79,000 as of its most recent SEC filing.

A number of other hedge funds also recently bought and sold shares of the company. AQR Capital Management LLC boosted its holdings in Trex by 3.2% during the first quarter. AQR Capital Management LLC now owns 5,642 shares of the construction company’s stock valued at $320,000 after acquiring an additional 177 shares during the period. State of Michigan Retirement System boosted its holdings in Trex by 0.8% during 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 acquiring an additional 200 shares during the period. Parallel Advisors LLC boosted its holdings in Trex by 28.4% during the second quarter. Parallel Advisors LLC now owns 1,049 shares of the construction company’s stock valued at $57,000 after acquiring an additional 232 shares during the period. Stephens Inc. AR boosted its holdings in Trex by 3.7% during the first quarter. Stephens Inc. AR now owns 6,530 shares of the construction company’s stock valued at $379,000 after acquiring an additional 236 shares during the period. Finally, Louisiana State Employees Retirement System boosted its holdings in Trex by 1.0% during 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 acquiring an additional 300 shares during the period. 95.96% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on the stock. DA Davidson set a $65.00 price target on shares of Trex and gave the company a “neutral” rating in a report on Tuesday, August 5th. UBS Group restated a “neutral” rating and set a $74.00 price target (up from $72.00) on shares of Trex in a report on Tuesday, August 5th. JPMorgan Chase & Co. reduced their target price on shares of Trex from $73.00 to $71.00 and set a “neutral” rating for the company in a research note on Wednesday, August 6th. Loop Capital reiterated a “hold” rating and issued a $66.00 target price on shares of Trex in a research note on Tuesday, August 5th. Finally, Wall Street Zen upgraded shares of Trex from a “sell” rating to a “hold” rating in a research note on Saturday, August 9th. Two research 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 assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $71.93.

Trex Stock Up 0.9%

Shares of TREX opened at $52.42 on Friday. The stock has a market cap of $5.62 billion, a price-to-earnings ratio of 30.30, a P/E/G ratio of 2.17 and a beta of 1.49. Trex Company, Inc. has a 12 month low of $49.01 and a 12 month high of $80.74. The company has a 50-day moving average price of $60.22 and a two-hundred day moving average price of $58.67.

Trex (NYSE:TREX) last announced its quarterly 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. The firm had revenue of $387.80 million during the quarter, compared to analysts’ expectations of $377.49 million. Trex had a net margin of 16.53% and a return on equity of 21.27%. The company’s revenue for the quarter was up 3.0% compared to the same quarter last year. During the same quarter last year, the company earned $0.80 earnings per share. Trex has set its Q3 2025 guidance at EPS. Equities research analysts expect that Trex Company, Inc. will post 2.04 EPS for the current fiscal year.

Insider Buying and Selling

In other news, SVP Amy M. Fernandez sold 1,538 shares of the firm’s stock in a transaction that occurred 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 completion of the sale, the senior vice president owned 22,953 shares of the company’s stock, valued at approximately $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 accessible through this link. 0.71% of the stock is currently 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.