Alapocas Investment Partners Inc. Sells 6,176 Shares of Trex Company, Inc. $TREX

Key Points

• Alapocas Investment Partners Inc. reduced its stake in Trex Company, Inc. by selling 6,176 shares, bringing their total ownership down to 108,701 shares, which now represents about 3.8% of their portfolio.
• Recently, Trex has been the focus of analysts, with price target changes including a downgrade from Zelman & Associates from $74.00 to $66.00, while Robert W. Baird upgraded their rating to "outperform" and set a new target at $75.00.
• Trex reported $0.74 EPS for the last quarter, exceeding the consensus estimate by $0.02, alongside a net revenue of $387.80 million, a 3.0% increase from the previous year.

Alapocas Investment Partners Inc. trimmed its holdings in shares of Trex Company, Inc. (NYSE:TREX - Free Report) by 5.4% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 108,701 shares of the construction company's stock after selling 6,176 shares during the quarter. Trex comprises about 3.8% of Alapocas Investment Partners Inc.'s investment portfolio, making the stock its 13th largest holding. Alapocas Investment Partners Inc. owned approximately 0.10% of Trex worth $5,911,000 at the end of the most recent quarter.

A number of other hedge funds have also bought and sold shares of TREX. Price T Rowe Associates Inc. MD increased its position in Trex by 132.8% during the first quarter. Price T Rowe Associates Inc. MD now owns 7,297,863 shares of the construction company's stock worth $424,007,000 after acquiring an additional 4,163,014 shares during the period. Madison Asset Management LLC bought a new position in Trex in the 1st quarter valued at about $109,852,000. American Century Companies Inc. increased its holdings in Trex by 66.1% in the 1st quarter. American Century Companies Inc. now owns 1,972,125 shares of the construction company's stock valued at $114,580,000 after buying an additional 784,820 shares during the period. Wellington Management Group LLP bought a new position in Trex in the 1st quarter valued at about $39,646,000. Finally, Natixis Advisors LLC increased its holdings in Trex by 1,286.3% in the 1st quarter. Natixis Advisors LLC now owns 707,843 shares of the construction company's stock valued at $41,126,000 after buying an additional 656,783 shares during the period. 95.96% of the stock is owned by institutional investors.

Analyst Ratings Changes

TREX has been the topic of several recent analyst reports. Zelman & Associates decreased their target price on shares of Trex from $74.00 to $66.00 and set an "outperform" rating on the stock in a report on Friday. JPMorgan Chase & Co. reduced their price target on shares of Trex from $73.00 to $71.00 and set a "neutral" rating on the stock in a research note on Wednesday, August 6th. Robert W. Baird upgraded shares of Trex from a "neutral" rating to an "outperform" rating and raised their price target for the company from $65.00 to $75.00 in a research note on Thursday, July 10th. Baird R W upgraded shares of Trex from a "hold" rating to a "strong-buy" rating in a research note on Thursday, July 10th. Finally, Stifel Nicolaus set a $61.00 price target on shares of Trex and gave the company a "buy" rating in a research note on Wednesday, October 8th. Two equities research analysts have rated the stock with a Strong Buy rating, ten have issued a Buy rating, eight have assigned a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat, Trex has a consensus rating of "Moderate Buy" and a consensus price target of $70.71.

Trex Price Performance

NYSE:TREX opened at $50.28 on Tuesday. The firm's 50 day simple moving average is $57.30 and its 200 day simple moving average is $58.08. Trex Company, Inc. has a one year low of $49.01 and a one year high of $80.74. The company has a market cap of $5.39 billion, a PE ratio of 29.06, a P/E/G ratio of 2.12 and a beta of 1.49.

Trex (NYSE:TREX - Get Free Report) last posted its earnings results on Monday, August 4th. The construction company reported $0.74 EPS for the quarter, topping the consensus estimate of $0.72 by $0.02. Trex had a net margin of 16.53% and a return on equity of 21.27%. The business had revenue of $387.80 million for the quarter, compared to the consensus estimate of $377.49 million. During the same period last year, the company earned $0.80 EPS. The firm's revenue was up 3.0% compared to the same quarter last year. Trex has set its Q3 2025 guidance at EPS. Equities research analysts expect that Trex Company, Inc. will post 2.04 EPS for the current year.

Insider Buying and Selling

In related news, SVP Amy M. Fernandez sold 1,538 shares of Trex stock in a transaction that occurred on Wednesday, August 6th. The shares were sold at an average price of $64.18, for a total transaction of $98,708.84. Following the sale, the senior vice president directly owned 22,953 shares in the company, valued at $1,473,123.54. This trade represents a 6.28% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.71% of the stock is currently owned by corporate insiders.

Trex Company 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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