Trex Company, Inc. $TREX Shares Sold by State of Alaska Department of Revenue

State of Alaska Department of Revenue reduced its stake in shares of Trex Company, Inc. (NYSE:TREX) by 4.3% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 12,006 shares of the construction company’s stock after selling 540 shares during the period. State of Alaska Department of Revenue’s holdings in Trex were worth $652,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also made changes to their positions in the company. GAMMA Investing LLC lifted 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 buying an additional 965 shares during the period. Teacher Retirement System of Texas acquired a new stake in shares of Trex during the first quarter worth $911,000. Red Spruce Capital LLC lifted its stake in shares of 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 buying an additional 41,841 shares during the period. Voya Investment Management LLC lifted its stake in shares of 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 buying an additional 76,562 shares during the period. Finally, United Services Automobile Association acquired a new stake in shares of Trex during the first quarter worth $414,000. 95.96% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several research firms have recently commented on TREX. Wall Street Zen upgraded shares of Trex from a “sell” rating to a “hold” rating in a research note on Saturday, August 9th. UBS Group reissued a “neutral” rating and set a $74.00 target price (up previously from $72.00) on shares of Trex in a report on Tuesday, August 5th. Robert W. Baird raised shares of Trex from a “neutral” rating to an “outperform” rating and raised their target price for the stock from $65.00 to $75.00 in a report on Thursday, July 10th. DA Davidson set a $65.00 target price on shares of Trex and gave the stock a “neutral” rating in a report on Tuesday, August 5th. Finally, Baird R W raised shares of Trex from a “hold” rating to a “strong-buy” rating in a report on Thursday, July 10th. Two investment analysts have rated the stock with a Strong Buy rating, six have issued a Buy rating, eight have given a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, Trex currently has an average rating of “Moderate Buy” and an average target price of $71.93.

Trex Stock Performance

TREX opened at $52.69 on Wednesday. Trex Company, Inc. has a fifty-two week low of $49.01 and a fifty-two week high of $80.74. The company has a fifty day moving average of $59.30 and a two-hundred day moving average of $58.53. The stock has a market capitalization of $5.65 billion, a price-to-earnings ratio of 30.46, a PEG ratio of 2.19 and a beta of 1.49.

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

Insider Activity at Trex

In other news, SVP Amy M. Fernandez sold 1,538 shares of the business’s stock in a transaction dated 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 $1,473,123.54. The trade was a 6.28% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 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.