Adage Capital Partners GP L.L.C. Reduces Holdings in Trex Company, Inc. $TREX

Key Points

• Adage Capital Partners GP L.L.C. reduced its holdings in Trex Company by 41.0%, selling 174,000 shares and retaining a position of 250,000 shares valued at approximately $14.5 million.
• Despite the substantial decrease from Adage, other institutional investors like GAMMA Investing LLC and Janney Montgomery Scott LLC increased their stakes in Trex during the same period.
• Trex's stock is currently trading at $64.51, showing a year-over-year revenue increase of 3.0% with a recent EPS of $0.74, beating analyst expectations.

Adage Capital Partners GP L.L.C. decreased its position in shares of Trex Company, Inc. (NYSE:TREX - Free Report) by 41.0% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 250,000 shares of the construction company's stock after selling 174,000 shares during the period. Adage Capital Partners GP L.L.C. owned about 0.23% of Trex worth $14,525,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. GAMMA Investing LLC increased its stake in Trex by 137.7% during the 1st quarter. GAMMA Investing LLC now owns 1,666 shares of the construction company's stock worth $97,000 after buying an additional 965 shares during the period. Teacher Retirement System of Texas purchased a new stake in Trex during the 1st quarter worth $911,000. State of Alaska Department of Revenue increased its stake in Trex by 2.7% during the 1st quarter. State of Alaska Department of Revenue now owns 12,546 shares of the construction company's stock worth $728,000 after buying an additional 330 shares during the period. Janney Montgomery Scott LLC increased its stake in Trex by 26.0% during the 1st quarter. Janney Montgomery Scott LLC now owns 70,990 shares of the construction company's stock worth $4,125,000 after buying an additional 14,670 shares during the period. Finally, Blue Trust Inc. increased its position in shares of Trex by 55.9% in the 1st quarter. Blue Trust Inc. now owns 1,138 shares of the construction company's stock worth $66,000 after purchasing an additional 408 shares during the last quarter. Hedge funds and other institutional investors own 95.96% of the company's stock.

Trex Stock Up 3.6%

Trex stock opened at $64.51 on Friday. The firm has a 50-day moving average price of $62.56 and a two-hundred day moving average price of $59.17. The firm has a market capitalization of $6.92 billion, a price-to-earnings ratio of 37.29, a PEG ratio of 2.60 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 posted its earnings results on Monday, August 4th. The construction company reported $0.74 earnings per share (EPS) for the quarter, beating 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 net margin of 16.53% and a return on equity of 21.27%. Trex's revenue was up 3.0% on a year-over-year basis. During the same period in the previous year, the business posted $0.80 EPS. Trex has set its Q3 2025 guidance at EPS. Research analysts expect that Trex Company, Inc. will post 2.04 earnings per share for the current year.

Wall Street Analysts Forecast Growth

TREX has been the subject of several research analyst reports. JPMorgan Chase & Co. dropped their target price on shares of Trex from $73.00 to $71.00 and set a "neutral" rating for the company in a research report on Wednesday, August 6th. Wall Street Zen raised shares of Trex from a "sell" rating to a "hold" rating in a research report on Saturday, August 9th. Stephens dropped their target price on shares of Trex from $73.00 to $65.00 and set an "equal weight" rating for the company in a research report on Monday, May 12th. Loop Capital reaffirmed a "hold" rating and issued a $66.00 price target on shares of Trex in a report on Tuesday, August 5th. Finally, DA Davidson set a $65.00 price target on shares of Trex and gave the company a "neutral" rating in a report on Tuesday, August 5th. Two investment 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's stock. According to MarketBeat.com, Trex has a consensus rating of "Moderate Buy" and a consensus price target of $71.93.

Insider Transactions at Trex

In other Trex news, SVP Amy M. Fernandez sold 1,538 shares of the business's stock in a transaction dated Wednesday, August 6th. The shares were sold at an average price of $64.18, for a total transaction of $98,708.84. Following the completion of the transaction, the senior vice president directly owned 22,953 shares of the company's stock, valued at $1,473,123.54. The trade was a 6.28% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.71% of the stock is owned by 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.

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