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. bought a new position in Trex Company, Inc. (NYSE:TREX - Free Report) during the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund bought 4,391 shares of the construction company's stock, valued at approximately $255,000.

Several other large investors have also recently made changes to their positions in TREX. Brooklyn Investment Group increased its holdings 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 purchasing an additional 1,072 shares during the last quarter. Blue Trust Inc. grew its position in Trex by 55.9% in the first quarter. Blue Trust Inc. now owns 1,138 shares of the construction company's stock worth $66,000 after acquiring an additional 408 shares in the last quarter. GAMMA Investing LLC grew its position in Trex by 137.7% in the first quarter. GAMMA Investing LLC now owns 1,666 shares of the construction company's stock worth $97,000 after acquiring an additional 965 shares in the last quarter. Baader Bank Aktiengesellschaft purchased a new position in Trex in the first quarter worth about $216,000. Finally, Jefferies Financial Group Inc. purchased a new position in Trex in the first quarter worth about $218,000. 95.96% of the stock is owned by institutional investors.

Trex Stock Performance

Shares of TREX stock opened at $63.53 on Wednesday. Trex Company, Inc. has a 52-week low of $49.01 and a 52-week high of $80.74. The firm has a market capitalization of $6.81 billion, a P/E ratio of 36.72, a P/E/G ratio of 2.66 and a beta of 1.51. The stock has a 50 day moving average price of $61.31 and a 200 day moving average price of $59.44.

Trex (NYSE:TREX - Get Free Report) last issued its quarterly earnings results on Monday, August 4th. The construction company reported $0.74 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.72 by $0.02. The firm 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%.Trex's quarterly revenue was up 3.0% compared to the same quarter last year. During the same period last year, the company earned $0.80 EPS. Trex has set its Q3 2025 guidance at EPS. As a group, sell-side analysts forecast that Trex Company, Inc. will post 2.04 EPS for the current year.

Wall Street Analysts Forecast Growth

Several research firms recently commented on TREX. Benchmark reiterated a "buy" rating and issued a $80.00 price target on shares of Trex in a research report on Monday, May 12th. Baird R W upgraded Trex from a "hold" rating to a "strong-buy" rating in a research report on Thursday, July 10th. UBS Group reiterated a "neutral" rating and issued a $74.00 price target (up previously from $72.00) on shares of Trex in a research report on Tuesday, August 5th. DA Davidson set a $65.00 price target on Trex and gave the stock a "neutral" rating in a research report on Tuesday, August 5th. Finally, Wall Street Zen upgraded Trex from a "sell" rating to a "hold" rating in a research report on Saturday, August 9th. Two investment analysts have rated the stock with a Strong Buy rating, six have issued a Buy rating, seven have assigned a Hold rating and one has given a Sell rating to the company's stock. According to data from MarketBeat.com, Trex has a consensus rating of "Moderate Buy" and a consensus target price of $71.93.

Insider Activity

In related news, SVP Amy M. Fernandez sold 1,538 shares of the business'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 owned 22,953 shares in the company, valued at approximately $1,473,123.54. The trade was a 6.28% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 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.

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