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 acquired a new position in Trex Company, Inc. (NYSE:TREX - Free Report) during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund acquired 261,132 shares of the construction company's stock, valued at approximately $15,172,000. Nuveen LLC owned about 0.24% of Trex at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in the company. Price T Rowe Associates Inc. MD increased its stake in Trex by 463.7% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 3,134,849 shares of the construction company's stock worth $216,400,000 after acquiring an additional 2,578,734 shares during the last quarter. Bamco Inc. NY increased its stake in Trex by 6.2% in the 4th quarter. Bamco Inc. NY now owns 2,153,133 shares of the construction company's stock worth $148,631,000 after acquiring an additional 126,441 shares during the last quarter. Balyasny Asset Management L.P. increased its stake in Trex by 86.3% in the 4th quarter. Balyasny Asset Management L.P. now owns 2,029,034 shares of the construction company's stock worth $140,064,000 after acquiring an additional 939,960 shares during the last quarter. Conestoga Capital Advisors LLC increased its stake in Trex by 1.8% in the 1st quarter. Conestoga Capital Advisors LLC now owns 2,002,468 shares of the construction company's stock worth $116,343,000 after acquiring an additional 34,720 shares during the last quarter. Finally, Point72 Asset Management L.P. increased its stake in Trex by 87.4% in the 4th quarter. Point72 Asset Management L.P. now owns 1,916,134 shares of the construction company's stock worth $132,271,000 after acquiring an additional 893,675 shares during the last quarter. Institutional investors own 95.96% of the company's stock.

Analyst Upgrades and Downgrades

A number of research firms have issued reports on TREX. Baird R W raised Trex from a "hold" rating to a "strong-buy" rating in a research note on Thursday, July 10th. Wall Street Zen raised Trex from a "sell" rating to a "hold" rating in a research report on Saturday, August 9th. Benchmark reissued a "buy" rating and set a $80.00 target price on shares of Trex in a research report on Monday, May 12th. Robert W. Baird raised Trex from a "neutral" rating to an "outperform" rating and boosted their target price for the company from $65.00 to $75.00 in a research report on Thursday, July 10th. Finally, Loop Capital reissued a "hold" rating and set a $66.00 target price 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 given a Buy rating, seven have given a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average target price of $71.93.

Trex Stock Down 3.6%

Shares of Trex stock opened at $61.6990 on Thursday. The stock's fifty day moving average is $60.68 and its two-hundred day moving average is $59.76. The company has a market capitalization of $6.62 billion, a PE ratio of 35.66, a price-to-earnings-growth ratio of 2.68 and a beta of 1.51. Trex Company, Inc. has a 52 week low of $49.01 and a 52 week 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 company had revenue of $387.80 million for the quarter, compared to the consensus estimate 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% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.80 EPS. Trex has set its Q3 2025 guidance at EPS. As a group, research analysts anticipate that Trex Company, Inc. will post 2.04 earnings per share for the current year.

Insider Buying and Selling

In other Trex news, SVP Amy M. Fernandez sold 1,538 shares of the company's stock in a transaction 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 transaction, the senior vice president owned 22,953 shares of the company's stock, valued at $1,473,123.54. This represents a 6.28% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. 0.71% of the stock is owned by company 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.

Want to see what other hedge funds are holding TREX? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Trex Company, Inc. (NYSE:TREX - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.