Janney Montgomery Scott LLC Cuts Stock Holdings in Trex Company, Inc. $TREX

Janney Montgomery Scott LLC lowered its stake in shares of Trex Company, Inc. (NYSE:TREX) by 2.4% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 69,316 shares of the construction company’s stock after selling 1,674 shares during the quarter. Janney Montgomery Scott LLC owned 0.06% of Trex worth $3,769,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also recently modified their holdings of the company. GAMMA Investing LLC grew its stake in shares of Trex by 137.7% during the first quarter. GAMMA Investing LLC now owns 1,666 shares of the construction company’s stock worth $97,000 after purchasing an additional 965 shares in the last quarter. Teacher Retirement System of Texas purchased a new stake in shares of Trex in the first quarter valued at about $911,000. Red Spruce Capital LLC raised its holdings in Trex by 276.5% during the second quarter. Red Spruce Capital LLC now owns 56,973 shares of the construction company’s stock worth $3,098,000 after purchasing an additional 41,841 shares in the last quarter. Voya Investment Management LLC raised its holdings in Trex by 24.0% during the first quarter. Voya Investment Management LLC now owns 395,913 shares of the construction company’s stock worth $23,003,000 after purchasing an additional 76,562 shares in the last quarter. Finally, State of Alaska Department of Revenue raised its holdings in Trex by 2.7% during the first quarter. State of Alaska Department of Revenue now owns 12,546 shares of the construction company’s stock worth $728,000 after purchasing an additional 330 shares in the last quarter. Institutional investors and hedge funds own 95.96% of the company’s stock.

Insider Activity at Trex

In related news, SVP Amy M. Fernandez sold 1,538 shares of the business’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 value of $98,708.84. Following the sale, the senior vice president directly owned 22,953 shares in the company, valued at $1,473,123.54. The trade was a 6.28% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 0.74% of the stock is owned by insiders.

Trex Trading Up 0.8%

Shares of NYSE:TREX opened at $52.69 on Wednesday. The company has a 50 day moving average of $59.30 and a 200-day moving average of $58.53. The firm has a market cap of $5.65 billion, a P/E ratio of 30.46, a P/E/G ratio of 2.19 and a beta of 1.49. Trex Company, Inc. has a twelve month low of $49.01 and a twelve month high of $80.74.

Trex (NYSE:TREX) last issued its quarterly earnings results on Monday, August 4th. The construction company reported $0.74 earnings per share for the quarter, topping analysts’ consensus estimates of $0.72 by $0.02. The company had revenue of $387.80 million during the quarter, compared to analyst estimates 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 prior year, the business posted $0.80 EPS. Trex has set its Q3 2025 guidance at EPS. Equities research analysts forecast that Trex Company, Inc. will post 2.04 EPS for the current year.

Wall Street Analysts Forecast Growth

TREX has been the subject of a number of research analyst reports. Robert W. Baird raised shares of 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. B. Riley upgraded shares of Trex to a “strong-buy” rating in a research report on Monday, July 21st. Wall Street Zen upgraded shares of Trex from a “sell” rating to a “hold” rating in a report on Saturday, August 9th. Loop Capital restated a “hold” rating and set a $66.00 target price on shares of Trex in a report on Tuesday, August 5th. Finally, DA Davidson set a $65.00 target price on shares of Trex and gave the company a “neutral” rating in a report on Tuesday, August 5th. Two research analysts have rated the stock with a Strong Buy rating, six have issued a Buy rating, eight have issued a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $71.93.

Trex Company 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.