KLP Kapitalforvaltning AS Increases Stock Holdings in Trex Company, Inc. $TREX

KLP Kapitalforvaltning AS raised its stake in Trex Company, Inc. (NYSE:TREX) by 6.3% during the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 22,100 shares of the construction company’s stock after purchasing an additional 1,300 shares during the period. KLP Kapitalforvaltning AS’s holdings in Trex were worth $1,202,000 as of its most recent SEC filing.

Several other hedge funds have also recently modified their holdings of TREX. GAMMA Investing LLC lifted its holdings 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 during the period. Janney Montgomery Scott LLC increased its position in Trex by 26.0% during the 1st quarter. Janney Montgomery Scott LLC now owns 70,990 shares of the construction company’s stock worth $4,125,000 after purchasing an additional 14,670 shares in the last quarter. Conestoga Capital Advisors LLC increased its position in Trex by 1.8% during the 1st quarter. Conestoga Capital Advisors LLC now owns 2,002,468 shares of the construction company’s stock worth $116,343,000 after purchasing an additional 34,720 shares in the last quarter. State of Alaska Department of Revenue increased its position in Trex by 2.7% during the 1st 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. Finally, Blue Trust Inc. increased its position in 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 in the last quarter. 95.96% of the stock is owned by institutional investors and hedge funds.

Trex Trading Up 3.4%

Shares of Trex stock opened at $53.11 on Wednesday. The stock has a 50-day moving average price of $58.03 and a 200 day moving average price of $58.24. The company has a market cap of $5.70 billion, a P/E ratio of 30.70, a P/E/G ratio of 2.14 and a beta of 1.49. Trex Company, Inc. has a 1 year low of $49.01 and a 1 year high of $80.74.

Trex (NYSE:TREX) last issued its earnings results on Monday, August 4th. The construction company reported $0.74 earnings per share 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 company had revenue of $387.80 million for the quarter, compared to analyst estimates of $377.49 million. During the same period in the prior year, the firm posted $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 earnings per share for the current fiscal year.

Insider Activity at Trex

In other news, SVP Amy M. Fernandez sold 1,538 shares of the stock in a transaction dated Wednesday, August 6th. The stock was sold at an average price of $64.18, for a total transaction of $98,708.84. Following 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 SEC, which is accessible through this link. Corporate insiders own 0.74% of the company’s stock.

Analyst Ratings Changes

Several analysts have commented on TREX shares. The Goldman Sachs Group lowered their price target on Trex from $83.00 to $73.00 and set a “buy” rating for the company in a report on Monday. Loop Capital reaffirmed a “hold” rating and issued a $66.00 price objective on shares of Trex in a research note on Tuesday, August 5th. JPMorgan Chase & Co. reduced their price objective on Trex from $73.00 to $71.00 and set a “neutral” rating on the stock in a research note on Wednesday, August 6th. DA Davidson set a $60.00 price objective on Trex and gave the company a “neutral” rating in a research note on Thursday, October 9th. Finally, B. Riley raised Trex to a “strong-buy” rating in a research note on Monday, July 21st. Two investment analysts have rated the stock with a Strong Buy rating, eight have given a Buy rating, eight have assigned a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, Trex has an average rating of “Moderate Buy” and a consensus price target of $71.00.

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.