Night Squared LP Acquires Shares of 74,734 Trex Company, Inc. $TREX

Key Points

• Night Squared LP has acquired 74,734 shares of Trex Company, valued at approximately $4.34 million, making it 2.6% of Night Squared LP's total holdings.
• During the first quarter, several institutional investors significantly increased their stakes in Trex, with Price T Rowe Associates raising their position by 132.8%.
• Trex reported a quarterly EPS of $0.74, exceeding analysts' expectations, and set a consensus target price of $71.93 with a current market cap of $6.61 billion.

Night Squared LP acquired a new stake in Trex Company, Inc. (NYSE:TREX - Free Report) in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 74,734 shares of the construction company's stock, valued at approximately $4,342,000. Trex accounts for 2.6% of Night Squared LP's investment portfolio, making the stock its 19th largest position. Night Squared LP owned 0.07% of Trex as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also made changes to their positions in TREX. Brooklyn Investment Group grew its position 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 valued at $62,000 after purchasing an additional 1,072 shares during the period. Blue Trust Inc. grew its position in shares of Trex by 55.9% in the first quarter. Blue Trust Inc. now owns 1,138 shares of the construction company's stock valued at $66,000 after purchasing an additional 408 shares during the period. GAMMA Investing LLC grew its position in shares of Trex by 137.7% in the first quarter. GAMMA Investing LLC now owns 1,666 shares of the construction company's stock valued at $97,000 after purchasing an additional 965 shares during the period. State of Wyoming grew its position in shares of Trex by 13.7% in the first quarter. State of Wyoming now owns 3,365 shares of the construction company's stock valued at $196,000 after purchasing an additional 406 shares during the period. Finally, Baader Bank Aktiengesellschaft purchased a new stake in shares of Trex in the first quarter valued at $216,000. Hedge funds and other institutional investors own 95.96% of the company's stock.

Trex Trading Down 2.3%

Shares of TREX traded down $1.41 during midday trading on Tuesday, reaching $60.22. 1,385,627 shares of the company were exchanged, compared to its average volume of 1,757,665. The stock has a 50-day moving average price of $62.11 and a 200-day moving average price of $59.22. The company has a market cap of $6.46 billion, a price-to-earnings ratio of 34.24, a P/E/G ratio of 2.58 and a beta of 1.51. 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 issued 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 return on equity of 21.27% and a net margin of 16.53%.The company had revenue of $387.80 million for the quarter, compared to analysts' expectations of $377.49 million. During the same quarter in the previous year, the firm posted $0.80 earnings per share. The firm's quarterly revenue was up 3.0% on a year-over-year basis. Trex has set its Q3 2025 guidance at EPS. Equities research analysts anticipate that Trex Company, Inc. will post 2.04 earnings per share for the current year.

Insider Activity at Trex

In related news, SVP Amy M. Fernandez sold 1,538 shares of the business's stock in a transaction dated 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 in the company, valued at approximately $1,473,123.54. The trade was a 6.28% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Company insiders own 0.74% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research firms have issued reports on TREX. Loop Capital reissued a "hold" rating and set a $66.00 price target 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 company a "neutral" rating in a research report on Tuesday, August 5th. JPMorgan Chase & Co. lowered their price target on Trex from $73.00 to $71.00 and set a "neutral" rating for the company in a research report on Wednesday, August 6th. Stephens lowered their price target on Trex from $73.00 to $65.00 and set an "equal weight" rating for the company in a research report on Monday, May 12th. Finally, UBS Group reissued a "neutral" rating and set a $74.00 price target (up previously from $72.00) 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 issued a Buy rating, seven have given a Hold rating and one has issued a Sell rating to the company's stock. Based on data from MarketBeat, Trex presently has an average rating of "Moderate Buy" and an average target price of $71.93.

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.