Advantage Alpha Capital Partners LP Increases Stake in Trex Company, Inc. $TREX

Key Points

• Advantage Alpha Capital Partners LP significantly increased its stake in Trex Company, acquiring 27,868 additional shares, raising its total ownership to 27,870 shares valued at approximately $1.62 million.
• Institutional investors own 95.96% of Trex's stock, with notable increases in holdings from firms like Price T Rowe Associates Inc. and American Century Companies Inc. during the recent quarters.
• Trex reported better-than-expected quarterly earnings, with an EPS of $0.74, surpassing the consensus estimate of $0.72, and recorded revenue of $387.8 million.

Advantage Alpha Capital Partners LP lifted its holdings in Trex Company, Inc. (NYSE:TREX - Free Report) by 1,393,400.0% in the first quarter, according to the company in its most recent filing with the SEC. The fund owned 27,870 shares of the construction company's stock after acquiring an additional 27,868 shares during the quarter. Advantage Alpha Capital Partners LP's holdings in Trex were worth $1,619,000 at the end of the most recent quarter.

A number of other hedge funds have also recently made changes to their positions in the business. State of Michigan Retirement System lifted its holdings in shares of Trex by 0.8% in the 1st quarter. State of Michigan Retirement System now owns 25,622 shares of the construction company's stock worth $1,489,000 after acquiring an additional 200 shares during the last quarter. Stephens Inc. AR lifted its holdings in shares of Trex by 3.7% in the 1st quarter. Stephens Inc. AR now owns 6,530 shares of the construction company's stock worth $379,000 after acquiring an additional 236 shares during the last quarter. ProShare Advisors LLC lifted its holdings in shares of Trex by 5.8% in the 4th quarter. ProShare Advisors LLC now owns 5,013 shares of the construction company's stock worth $346,000 after acquiring an additional 274 shares during the last quarter. Louisiana State Employees Retirement System lifted its holdings in shares of Trex by 1.0% in the 1st quarter. Louisiana State Employees Retirement System now owns 30,000 shares of the construction company's stock worth $1,743,000 after acquiring an additional 300 shares during the last quarter. Finally, State of Alaska Department of Revenue increased its stake in shares of Trex by 2.7% in the first 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. 95.96% of the stock is currently owned by institutional investors.

Insider Transactions at Trex

In other Trex 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 transaction 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. This represents a 6.28% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 0.74% of the company's stock.

Trex Price Performance

Trex stock traded down $0.11 during mid-day trading on Wednesday, reaching $63.36. The stock had a trading volume of 448,072 shares, compared to its average volume of 1,616,224. The company has a market capitalization of $6.79 billion, a price-to-earnings ratio of 36.66, a PEG ratio of 2.66 and a beta of 1.51. The company has a 50-day moving average price of $61.31 and a two-hundred day moving average price of $59.44. Trex Company, Inc. has a one year low of $49.01 and a one year high of $80.74.

Trex (NYSE:TREX - Get Free Report) last announced its quarterly earnings results on Monday, August 4th. The construction company reported $0.74 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.72 by $0.02. The company had revenue of $387.80 million for the quarter, compared to analysts' expectations 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% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.80 EPS. Trex has set its Q3 2025 guidance at EPS. On average, equities research analysts anticipate that Trex Company, Inc. will post 2.04 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several research analysts recently commented on TREX shares. Baird R W raised shares of Trex from a "hold" rating to a "strong-buy" rating in a research note on Thursday, July 10th. DA Davidson set a $65.00 target price on shares of Trex and gave the stock a "neutral" rating in a research note on Tuesday, August 5th. Benchmark reaffirmed a "buy" rating and issued a $80.00 target price on shares of Trex in a research note on Monday, May 12th. Stephens decreased their target price on shares of Trex from $73.00 to $65.00 and set an "equal weight" rating on the stock in a research note on Monday, May 12th. Finally, B. Riley raised shares of Trex to a "strong-buy" rating in a research note on Monday, July 21st. 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 stock. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus target price of $71.93.

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.