Trex Company, Inc. $TREX Shares Acquired by American Century Companies Inc.

American Century Companies Inc. increased its holdings in shares of Trex Company, Inc. (NYSE:TREX) by 8.4% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 2,137,918 shares of the construction company’s stock after purchasing an additional 165,793 shares during the period. American Century Companies Inc. owned 1.99% of Trex worth $116,260,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds also recently added to or reduced their stakes in TREX. Red Spruce Capital LLC raised its holdings in shares of Trex by 276.5% during the 2nd quarter. Red Spruce Capital LLC now owns 56,973 shares of the construction company’s stock valued at $3,098,000 after buying an additional 41,841 shares during the period. Voya Investment Management LLC boosted its holdings in Trex by 24.0% in the 1st quarter. Voya Investment Management LLC now owns 395,913 shares of the construction company’s stock worth $23,003,000 after acquiring an additional 76,562 shares during the period. Campbell & CO Investment Adviser LLC acquired a new stake in Trex in the second quarter valued at approximately $3,015,000. United Services Automobile Association acquired a new stake in Trex in the first quarter valued at approximately $414,000. Finally, Envestnet Asset Management Inc. raised its stake in shares of Trex by 4.2% during the second quarter. Envestnet Asset Management Inc. now owns 385,301 shares of the construction company’s stock valued at $20,953,000 after purchasing an additional 15,476 shares during the period. 95.96% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In related news, CFO Prithvi Gandhi bought 15,000 shares of the stock in a transaction dated Friday, November 14th. The stock was bought at an average cost of $31.92 per share, with a total value of $478,800.00. Following the completion of the acquisition, the chief financial officer owned 30,664 shares of the company’s stock, valued at $978,794.88. This trade represents a 95.76% increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.71% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

TREX has been the subject of several analyst reports. DA Davidson set a $45.00 target price on shares of Trex and gave the company a “neutral” rating in a research note on Wednesday, November 5th. B. Riley restated a “buy” rating and set a $57.00 target price (down from $80.00) on shares of Trex in a research note on Wednesday, November 5th. The Goldman Sachs Group set a $63.00 target price on Trex and gave the stock a “buy” rating in a research report on Wednesday, November 5th. Truist Financial reduced their price target on Trex from $75.00 to $50.00 and set a “buy” rating for the company in a report on Wednesday, November 5th. Finally, Bank of America restated an “underperform” rating and set a $36.00 price objective (down from $67.00) on shares of Trex in a report on Wednesday, November 5th. One analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating, twelve have assigned a Hold rating and four have issued a Sell rating to the company’s stock. According to data from MarketBeat, Trex has an average rating of “Hold” and an average target price of $52.53.

Trex Price Performance

Trex stock opened at $32.00 on Tuesday. Trex Company, Inc. has a 12 month low of $29.77 and a 12 month high of $80.74. The company has a fifty day moving average price of $45.84 and a two-hundred day moving average price of $55.14. The company has a market cap of $3.43 billion, a PE ratio of 18.49, a P/E/G ratio of 2.02 and a beta of 1.49.

Trex (NYSE:TREX) last posted its quarterly earnings results on Tuesday, November 4th. The construction company reported $0.51 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.57 by ($0.06). Trex had a return on equity of 21.27% and a net margin of 16.53%.The business had revenue of $285.35 million during the quarter, compared to the consensus estimate of $301.74 million. During the same quarter in the previous year, the business posted $0.37 earnings per share. The company’s quarterly revenue was up 22.1% compared to the same quarter last year. Trex has set its FY 2025 guidance at EPS. Q4 2025 guidance at EPS. Equities research analysts anticipate that Trex Company, Inc. will post 2.04 earnings per share for the current year.

Trex 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.