261,132 Shares in Trex Company, Inc. $TREX Acquired by Nuveen LLC

Key Points

• Nuveen LLC acquired 261,132 shares of Trex Company, Inc. for approximately $15,172,000, representing about 0.24% of the company's stock.
• Several large investors, including Price T Rowe Associates Inc. and Balyasny Asset Management L.P., significantly increased their stakes in Trex during the last quarter.
• Trex's quarterly earnings report showed an EPS of $0.74, exceeding estimates, with year-over-year revenue growth of 3.0%.

Nuveen LLC purchased a new stake in Trex Company, Inc. (NYSE:TREX - Free Report) in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 261,132 shares of the construction company's stock, valued at approximately $15,172,000. Nuveen LLC owned 0.24% of Trex as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Polen Capital Management LLC grew its holdings in shares of Trex by 39.9% in the 1st quarter. Polen Capital Management LLC now owns 78,742 shares of the construction company's stock valued at $4,575,000 after buying an additional 22,474 shares during the period. Invesco Ltd. grew its holdings in shares of Trex by 2.7% in the 1st quarter. Invesco Ltd. now owns 1,154,134 shares of the construction company's stock valued at $67,055,000 after buying an additional 30,861 shares during the period. Charles Schwab Investment Management Inc. grew its holdings in shares of Trex by 5.7% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 979,820 shares of the construction company's stock valued at $56,928,000 after buying an additional 53,196 shares during the period. Empower Advisory Group LLC grew its holdings in shares of Trex by 5.4% in the 1st quarter. Empower Advisory Group LLC now owns 120,026 shares of the construction company's stock valued at $6,974,000 after buying an additional 6,188 shares during the period. Finally, Geneva Capital Management LLC grew its holdings in shares of Trex by 0.5% in the 1st quarter. Geneva Capital Management LLC now owns 1,600,884 shares of the construction company's stock valued at $93,011,000 after buying an additional 8,688 shares during the period. Institutional investors and hedge funds own 95.96% of the company's stock.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on TREX shares. Robert W. Baird raised shares of Trex from a "neutral" rating to an "outperform" rating and boosted their price target for the company from $65.00 to $75.00 in a report on Thursday, July 10th. Benchmark reaffirmed a "buy" rating and issued a $80.00 target price on shares of Trex in a research note on Monday, May 12th. B. Riley raised shares of Trex to a "strong-buy" rating in a research note on Monday, July 21st. Baird R W raised shares of Trex from a "hold" rating to a "strong-buy" rating in a research note on Thursday, July 10th. Finally, Wall Street Zen raised shares of Trex from a "sell" rating to a "hold" rating in a research note on Saturday, August 9th. Two analysts have rated the stock with a Strong Buy rating, six have assigned a Buy rating, seven have given a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, Trex currently has a consensus rating of "Moderate Buy" and a consensus price target of $71.93.

Trex Trading Down 0.1%

Shares of Trex stock traded down $0.05 during trading hours on Tuesday, reaching $63.53. 979,800 shares of the company's stock were exchanged, compared to its average volume of 1,814,586. The company has a 50 day moving average of $61.31 and a two-hundred day moving average of $59.44. Trex Company, Inc. has a fifty-two week low of $49.01 and a fifty-two week high of $80.74. The stock has a market cap 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.

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

Insider Activity

In other news, SVP Amy M. Fernandez sold 1,538 shares of the company's stock in a transaction dated Wednesday, August 6th. The shares were sold at an average price of $64.18, for a total value of $98,708.84. Following the sale, the senior vice president directly owned 22,953 shares of the company's stock, valued at approximately $1,473,123.54. This represents a 6.28% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 0.74% of the company's stock.

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.