T. Rowe Price Investment Management Inc. Acquires Shares of 179,690 Trex Company, Inc. $TREX

Key Points

• T. Rowe Price Investment Management Inc. acquired 179,690 shares of Trex Company, Inc., valued at approximately $10.44 million, representing about 0.17% of the company.
• Several institutional investors increased their stakes in Trex, with Balyasny Asset Management L.P. boosting its holdings by 86.3%, bringing their total to 2,029,034 shares.
• Analysts have generally upgraded Trex's stock rating, with a consensus rating of "Moderate Buy" and an average target price of $71.93.

T. Rowe Price Investment Management Inc. bought a new position in Trex Company, Inc. (NYSE:TREX - Free Report) during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 179,690 shares of the construction company's stock, valued at approximately $10,440,000. T. Rowe Price Investment Management Inc. owned approximately 0.17% of Trex at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. Brooklyn Investment Group raised its stake in shares of Trex by 35,733.3% in the first quarter. Brooklyn Investment Group now owns 1,075 shares of the construction company's stock worth $62,000 after acquiring an additional 1,072 shares during the last quarter. Blue Trust Inc. boosted its position in Trex by 55.9% in the 1st quarter. Blue Trust Inc. now owns 1,138 shares of the construction company's stock valued at $66,000 after buying an additional 408 shares during the last quarter. GAMMA Investing LLC increased its stake in shares of Trex by 137.7% in the 1st quarter. GAMMA Investing LLC now owns 1,666 shares of the construction company's stock valued at $97,000 after buying an additional 965 shares during the period. Baader Bank Aktiengesellschaft bought a new stake in shares of Trex during the first quarter worth $216,000. Finally, Jefferies Financial Group Inc. acquired a new position in shares of Trex during the first quarter valued at $218,000. 95.96% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

TREX has been the subject of a number of recent analyst reports. Benchmark reiterated a "buy" rating and issued a $80.00 price objective on shares of Trex in a report on Monday, May 12th. B. Riley upgraded shares of Trex to a "strong-buy" rating in a research report on Monday, July 21st. Baird R W upgraded shares of Trex from a "hold" rating to a "strong-buy" rating in a report on Thursday, July 10th. UBS Group reiterated a "neutral" rating and issued a $74.00 target price (up from $72.00) on shares of Trex in a report on Tuesday, August 5th. Finally, Loop Capital reissued a "hold" rating and set a $66.00 price target on shares of Trex in a research report on Tuesday, August 5th. Two analysts have rated the stock with a Strong Buy rating, six have assigned a Buy rating, seven have issued a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average price target of $71.93.

Trex Price Performance

NYSE:TREX traded down $1.23 during trading hours on Friday, reaching $61.63. 1,338,373 shares of the stock were exchanged, compared to its average volume of 1,842,126. The stock has a market cap of $6.61 billion, a PE ratio of 35.62, a PEG ratio of 2.58 and a beta of 1.51. Trex Company, Inc. has a twelve month low of $49.01 and a twelve month high of $80.74. The firm has a 50 day moving average of $61.90 and a 200 day moving average of $59.31.

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

Insider Transactions at Trex

In other news, SVP Amy M. Fernandez sold 1,538 shares of the firm's stock in a transaction that occurred on Wednesday, August 6th. The stock was sold at an average price of $64.18, for a total value of $98,708.84. Following the completion of the sale, the senior vice president directly owned 22,953 shares of the company's stock, valued at $1,473,123.54. This trade represents a 6.28% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. 0.71% of the stock is owned by corporate insiders.

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.