Baird Financial Group Inc. Sells 98,055 Shares of Trex Company, Inc. $TREX

Key Points

• Baird Financial Group Inc. reduced its stake in Trex Company by 14.5%, selling 98,055 shares and now owning approximately 0.54% of the company, valued at $33.6 million.
• Several institutional investors have increased their holdings in Trex, with institutional ownership now at 95.96% of the company's stock.
• Analysts have mixed ratings on Trex, with a consensus average rating of "Moderate Buy" and a price target of $71.93.

Baird Financial Group Inc. decreased its holdings in Trex Company, Inc. (NYSE:TREX - Free Report) by 14.5% during the 1st quarter, according to the company in its most recent filing with the SEC. The fund owned 578,292 shares of the construction company's stock after selling 98,055 shares during the period. Baird Financial Group Inc. owned approximately 0.54% of Trex worth $33,599,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently modified their holdings of the business. State of Michigan Retirement System increased its stake 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 valued at $1,489,000 after purchasing an additional 200 shares during the last quarter. Stephens Inc. AR increased its stake 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 valued at $379,000 after purchasing an additional 236 shares during the last quarter. ProShare Advisors LLC increased its stake 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 valued at $346,000 after purchasing an additional 274 shares during the last quarter. Louisiana State Employees Retirement System increased its stake 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 valued at $1,743,000 after purchasing 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 1st quarter. State of Alaska Department of Revenue now owns 12,546 shares of the construction company's stock valued at $728,000 after purchasing an additional 330 shares during the last quarter. Institutional investors own 95.96% of the company's stock.

Analyst Ratings Changes

Several equities analysts have recently issued reports on TREX shares. B. Riley upgraded Trex to a "strong-buy" rating in a research note on Monday, July 21st. DA Davidson set a $65.00 price objective on Trex and gave the stock a "neutral" rating in a research report on Tuesday, August 5th. Robert W. Baird upgraded Trex from a "neutral" rating to an "outperform" rating and boosted their price objective for the stock from $65.00 to $75.00 in a research report on Thursday, July 10th. Wall Street Zen upgraded Trex from a "sell" rating to a "hold" rating in a research report on Saturday, August 9th. Finally, Benchmark restated a "buy" rating and set a $80.00 price objective on shares of Trex in a research report on Monday, May 12th. Two research analysts have rated the stock with a Strong Buy rating, six have issued a Buy rating, seven have assigned a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, Trex has an average rating of "Moderate Buy" and a consensus price target of $71.93.

Trex Trading Down 2.0%

Shares of TREX opened at $61.63 on Monday. The company has a market capitalization of $6.61 billion, a PE ratio of 35.62, a PEG ratio of 2.58 and a beta of 1.51. Trex Company, Inc. has a 12 month low of $49.01 and a 12 month high of $80.74. The stock's 50-day moving average price is $61.90 and its two-hundred day moving average price is $59.25.

Trex (NYSE:TREX - Get Free Report) last announced 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. The firm had revenue of $387.80 million for the quarter, compared to the consensus estimate of $377.49 million. Trex had a return on equity of 21.27% and a net margin of 16.53%.The business's quarterly revenue was up 3.0% compared to the same quarter last year. During the same period in the previous year, the business earned $0.80 EPS. Trex has set its Q3 2025 guidance at EPS. Equities research analysts predict that Trex Company, Inc. will post 2.04 EPS for the current fiscal year.

Insider Buying and Selling

In other 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 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Insiders own 0.74% of the company's stock.

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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