Cwm LLC Has $1.58 Million Holdings in Trex Company, Inc. $TREX

Cwm LLC increased its position in shares of Trex Company, Inc. (NYSE:TREX) by 2,573.1% in the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 30,500 shares of the construction company’s stock after buying an additional 29,359 shares during the period. Cwm LLC’s holdings in Trex were worth $1,576,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also bought and sold shares of the company. Armstrong Advisory Group Inc. acquired a new stake in Trex during the 2nd quarter worth about $31,000. Parallel Advisors LLC boosted its position in shares of Trex by 28.4% during the 2nd quarter. Parallel Advisors LLC now owns 1,049 shares of the construction company’s stock valued at $57,000 after purchasing an additional 232 shares in the last quarter. Caitong International Asset Management Co. Ltd acquired a new stake in Trex during the second quarter worth approximately $60,000. UMB Bank n.a. increased its holdings in Trex by 41.4% in the second quarter. UMB Bank n.a. now owns 1,168 shares of the construction company’s stock worth $64,000 after purchasing an additional 342 shares in the last quarter. Finally, Hantz Financial Services Inc. increased its holdings in Trex by 10,133.3% in the second quarter. Hantz Financial Services Inc. now owns 1,228 shares of the construction company’s stock worth $67,000 after purchasing an additional 1,216 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, CFO Prithvi Gandhi purchased 15,000 shares of the business’s stock in a transaction that occurred on Friday, November 14th. The shares were bought at an average cost of $31.92 per share, with a total value of $478,800.00. Following the acquisition, the chief financial officer owned 30,664 shares of the company’s stock, valued at $978,794.88. This represents a 95.76% increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is accessible through this hyperlink. 0.74% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on the company. B. Riley restated a “buy” rating and set a $57.00 price target (down from $80.00) on shares of Trex in a report on Wednesday, November 5th. William Blair lowered shares of Trex from an “outperform” rating to a “market perform” rating in a research note on Wednesday, November 5th. The Goldman Sachs Group set a $54.00 price target on shares of Trex and gave the stock a “buy” rating in a report on Tuesday, December 16th. Barclays set a $32.00 price target on shares of Trex in a research note on Monday, December 8th. Finally, Deutsche Bank Aktiengesellschaft cut shares of Trex from a “buy” rating to a “hold” rating and set a $40.00 price objective on the stock. in a research report on Wednesday, November 5th. One analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating, eleven have given a Hold rating and four have issued a Sell rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $49.26.

Trex Price Performance

TREX opened at $35.87 on Monday. Trex Company, Inc. has a 1 year low of $29.77 and a 1 year high of $75.55. The company has a market capitalization of $3.85 billion, a price-to-earnings ratio of 19.49 and a beta of 1.55. The firm’s fifty day moving average price is $36.05 and its two-hundred day moving average price is $50.59.

Trex (NYSE:TREX) last released its quarterly earnings results on Tuesday, November 4th. The construction company reported $0.51 earnings per share for the quarter, missing the consensus estimate of $0.57 by ($0.06). Trex had a return on equity of 21.90% and a net margin of 16.76%.The firm had revenue of $285.35 million for the quarter, compared to analysts’ expectations of $301.74 million. During the same quarter last year, the firm posted $0.37 earnings per share. The firm’s revenue for the quarter was up 22.1% compared to the same quarter last year. As a group, equities analysts anticipate that Trex Company, Inc. will post 2.04 EPS for the current year.

Trex Company Profile

Trex Company, Inc is a leading manufacturer of wood-alternative decking and railing systems designed for residential and commercial outdoor living environments. The company’s core offerings feature composite decking products made from a proprietary blend of recycled wood fibers and plastic film, which deliver enhanced durability, resistance to rot and insect damage, and low maintenance compared to traditional wood. Trex also provides matching railing, lighting, fencing and cladding solutions that allow customers to create cohesive, high-performance outdoor spaces.

Trex’s product portfolio is organized into multiple performance tiers, including premium, mid-range and value-oriented lines.