682,378 Shares in Trex Company, Inc. $TREX Bought by Wellington Management Group LLP

Key Points

• Wellington Management Group LLP acquired 682,378 shares of Trex Company, Inc. valued at approximately $39.6 million, representing a 0.64% stake in the company.
• Trex reported earnings per share of $0.74 for the last quarter, exceeding analyst expectations, and year-over-year revenue growth of 3.0% contributed to its robust performance.
• Multiple analysts have recently revised their ratings on Trex, with two firms upgrading the stock to a Strong Buy and changes in target prices reflecting a consensus target of $71.93.

Wellington Management Group LLP bought a new position in shares of Trex Company, Inc. (NYSE:TREX - Free Report) during the 1st quarter, according to its most recent Form 13F filing with the SEC. The institutional investor bought 682,378 shares of the construction company's stock, valued at approximately $39,646,000. Wellington Management Group LLP owned approximately 0.64% of Trex as of its most recent SEC filing.

Several other hedge funds have also modified their holdings of TREX. Brooklyn Investment Group boosted its stake in shares of Trex by 35,733.3% during the 1st 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 in the last quarter. Blue Trust Inc. lifted its stake 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 in the last quarter. GAMMA Investing LLC lifted its stake in 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 in the last quarter. Baader Bank Aktiengesellschaft purchased a new position in Trex in the 1st quarter valued at about $216,000. Finally, Jefferies Financial Group Inc. purchased a new position in Trex in the 1st quarter valued at about $218,000. 95.96% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Trex

In other news, SVP Amy M. Fernandez sold 1,538 shares of the firm's stock in a transaction on Wednesday, August 6th. The shares were 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 approximately $1,473,123.54. This trade represents a 6.28% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Corporate insiders own 0.71% of the company's stock.

Wall Street Analyst Weigh In

A number of research analysts have weighed in on TREX shares. UBS Group reissued a "neutral" rating and issued a $74.00 target price (up from $72.00) on shares of Trex in a research note on Tuesday, August 5th. Loop Capital reaffirmed a "hold" rating and set a $66.00 price objective on shares of Trex in a research report on Tuesday, August 5th. Robert W. Baird upgraded shares of Trex from a "neutral" rating to an "outperform" rating and boosted their target price for the stock from $65.00 to $75.00 in a research note on Thursday, July 10th. DA Davidson set a $65.00 price objective on shares of Trex and gave the company a "neutral" rating in a research note on Tuesday, August 5th. Finally, B. Riley raised shares of Trex to a "strong-buy" rating in a report on Monday, July 21st. Two research analysts have rated the stock with a Strong Buy rating, six have issued a Buy rating, seven have given a Hold rating and one has assigned a Sell rating to the company's stock. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $71.93.

Trex Price Performance

NYSE:TREX traded down $0.76 during trading hours on Thursday, reaching $62.63. 692,468 shares of the company were exchanged, compared to its average volume of 1,621,882. The firm has a market cap of $6.72 billion, a price-to-earnings ratio of 36.19, a PEG ratio of 2.65 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. The stock has a 50 day simple moving average of $61.53 and a 200 day simple moving average of $59.47.

Trex (NYSE:TREX - Get Free Report) last posted its quarterly earnings results on Monday, August 4th. The construction company reported $0.74 earnings per share 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 for the quarter, compared to the consensus estimate of $377.49 million. During the same quarter last year, the firm posted $0.80 earnings per share. Trex's revenue was up 3.0% on a year-over-year basis. Trex has set its Q3 2025 guidance at EPS. On average, analysts predict that Trex Company, Inc. will post 2.04 EPS for the current fiscal year.

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.