Allianz Asset Management GmbH Reduces Position in Trex Company, Inc. $TREX

Key Points

• Allianz Asset Management GmbH reduced its stake in Trex Company, Inc. by 11.6% in the second quarter, now holding 92,011 shares valued at approximately $5 million.
• In addition to Allianz, several large investors have modified their positions in Trex, with hedge funds and other institutional investors owning 95.96% of the company's stock.
• Wall Street analysts have mixed views on Trex, with price targets ranging from $61.00 to $83.00, and an average rating of “Moderate Buy”.

Allianz Asset Management GmbH lessened its holdings in shares of Trex Company, Inc. (NYSE:TREX - Free Report) by 11.6% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 92,011 shares of the construction company's stock after selling 12,067 shares during the period. Allianz Asset Management GmbH owned about 0.09% of Trex worth $5,004,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of the business. Sequoia Financial Advisors LLC purchased a new position in shares of Trex during the second quarter valued at approximately $217,000. CWM LLC boosted its position in shares of Trex by 16.8% during the second quarter. CWM LLC now owns 1,141 shares of the construction company's stock valued at $62,000 after buying an additional 164 shares during the period. Vanguard Personalized Indexing Management LLC boosted its position in shares of Trex by 7.0% during the second quarter. Vanguard Personalized Indexing Management LLC now owns 15,191 shares of the construction company's stock valued at $826,000 after buying an additional 993 shares during the period. Inspire Investing LLC boosted its position in shares of Trex by 20.2% during the second quarter. Inspire Investing LLC now owns 7,153 shares of the construction company's stock valued at $389,000 after buying an additional 1,201 shares during the period. Finally, Blue Trust Inc. boosted its position in shares of Trex by 21.0% during the second quarter. Blue Trust Inc. now owns 1,377 shares of the construction company's stock valued at $75,000 after buying an additional 239 shares during the period. Hedge funds and other institutional investors own 95.96% of the company's stock.

Wall Street Analysts Forecast Growth

Several research analysts have issued reports on the company. Weiss Ratings restated a "hold (c-)" rating on shares of Trex in a research report on Wednesday, October 8th. Zelman & Associates decreased their price target on shares of Trex from $74.00 to $66.00 and set an "outperform" rating for the company in a research note on Friday, October 17th. The Goldman Sachs Group decreased their price target on shares of Trex from $83.00 to $73.00 and set a "buy" rating for the company in a research note on Monday, October 13th. JPMorgan Chase & Co. decreased their price target on shares of Trex from $73.00 to $71.00 and set a "neutral" rating for the company in a research note on Wednesday, August 6th. 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 research analysts have rated the stock with a Strong Buy rating, ten have given a Buy rating, eight have issued a Hold rating and two have issued a Sell rating to the company's stock. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average target price of $70.71.

Trex Stock Down 2.7%

Shares of NYSE:TREX opened at $49.16 on Friday. The company has a market capitalization of $5.27 billion, a price-to-earnings ratio of 28.41, a price-to-earnings-growth ratio of 2.10 and a beta of 1.49. Trex Company, Inc. has a 52 week low of $48.48 and a 52 week high of $80.74. The firm has a 50 day moving average of $56.48 and a 200 day moving average of $57.95.

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. The company had revenue of $387.80 million during the quarter, compared to the consensus estimate of $377.49 million. Trex had a net margin of 16.53% and a return on equity of 21.27%. Trex's revenue for the quarter was up 3.0% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.80 earnings per share. Trex has set its Q3 2025 guidance at EPS. On average, sell-side 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 the business's stock in a transaction that occurred 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 completion of the transaction, the senior vice president owned 22,953 shares of the company's stock, valued at $1,473,123.54. The trade was a 6.28% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. 0.71% of the stock is owned by company 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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