1832 Asset Management L.P. Invests $255,000 in Trex Company, Inc. $TREX

Key Points

• 1832 Asset Management L.P. has invested $255,000 in Trex Company, acquiring 4,391 shares of its stock during the 1st quarter.
• Trex Company reported $0.74 earnings per share for the quarter, exceeding analysts' expectations of $0.72 and showing a 3% revenue increase year-over-year.
• Trex shares have been given a consensus rating of "Moderate Buy" by analysts, with price targets ranging from $65.00 to $80.00.

1832 Asset Management L.P. acquired a new stake in shares of Trex Company, Inc. (NYSE:TREX - Free Report) in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 4,391 shares of the construction company's stock, valued at approximately $255,000.

A number of other institutional investors have also recently made changes to their positions in TREX. First Trust Advisors LP purchased a new stake in shares of Trex during the fourth quarter valued at approximately $321,000. The Manufacturers Life Insurance Company boosted its stake in shares of Trex by 13.2% during the fourth quarter. The Manufacturers Life Insurance Company now owns 598,972 shares of the construction company's stock valued at $41,347,000 after purchasing an additional 69,826 shares during the period. Northern Trust Corp boosted its stake in shares of Trex by 20.0% during the fourth quarter. Northern Trust Corp now owns 954,821 shares of the construction company's stock valued at $65,911,000 after purchasing an additional 159,315 shares during the period. Mercer Global Advisors Inc. ADV boosted its stake in shares of Trex by 35.2% during the fourth quarter. Mercer Global Advisors Inc. ADV now owns 8,004 shares of the construction company's stock valued at $553,000 after purchasing an additional 2,086 shares during the period. Finally, AXA S.A. lifted its stake in Trex by 18.9% in the fourth quarter. AXA S.A. now owns 286,682 shares of the construction company's stock worth $19,790,000 after acquiring an additional 45,632 shares during the period. Hedge funds and other institutional investors own 95.96% of the company's stock.

Trex Trading Down 2.0%

Trex stock traded down $1.23 on Monday, hitting $61.63. 1,338,373 shares of the stock traded hands, compared to its average volume of 1,832,784. The firm has a market cap of $6.61 billion, a P/E ratio of 35.62, a price-to-earnings-growth ratio of 2.58 and a beta of 1.51. The business's fifty day simple moving average is $62.02 and its 200 day simple moving average is $59.21. Trex Company, Inc. has a 1 year low of $49.01 and a 1 year high of $80.74.

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

Wall Street Analyst Weigh In

A number of brokerages have issued reports on TREX. Robert W. Baird raised shares of Trex from a "neutral" rating to an "outperform" rating and boosted their price objective for the company from $65.00 to $75.00 in a research report on Thursday, July 10th. Loop Capital reissued a "hold" rating and set a $66.00 price objective on shares of Trex in a research report on Tuesday, August 5th. B. Riley raised shares of Trex to a "strong-buy" rating in a research report on Monday, July 21st. DA Davidson set a $65.00 price objective on shares of Trex and gave the company a "neutral" rating in a research report on Tuesday, August 5th. Finally, Stephens reduced their price objective on shares of Trex from $73.00 to $65.00 and set an "equal weight" rating on the stock in a research report on Monday, May 12th. 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 given a Sell rating to the company's stock. According to data from MarketBeat, Trex presently has an average rating of "Moderate Buy" and a consensus target price of $71.93.

Insider Buying and Selling

In other Trex news, SVP Amy M. Fernandez sold 1,538 shares of the firm's stock in a transaction on Wednesday, August 6th. The stock was sold at an average price of $64.18, for a total transaction of $98,708.84. Following the completion of the transaction, the senior vice president owned 22,953 shares of the company's stock, valued at approximately $1,473,123.54. This trade represents a 6.28% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Corporate insiders own 0.74% of the company's stock.

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.