Blair William & Co. IL Sells 113,517 Shares of Trex Company, Inc. $TREX

Key Points

• Blair William & Co. IL sold 113,517 shares of Trex Company, Inc., reducing its holdings by 16.7% to 567,199 shares worth approximately $30.8 million as per its latest SEC filing.
• Multiple institutional investors have recently adjusted their positions in Trex, with SG Americas Securities LLC increasing its stake by 494.7% in the first quarter.
• Wall Street analysts have a consensus rating of "Moderate Buy" for Trex, with two analysts recommending a "Strong Buy" rating and a price target of $70.87.

Blair William & Co. IL reduced its holdings in shares of Trex Company, Inc. (NYSE:TREX - Free Report) by 16.7% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 567,199 shares of the construction company's stock after selling 113,517 shares during the period. Blair William & Co. IL owned 0.53% of Trex worth $30,844,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Park Avenue Securities LLC grew its stake in Trex by 12.3% during the first quarter. Park Avenue Securities LLC now owns 8,361 shares of the construction company's stock worth $486,000 after purchasing an additional 917 shares during the period. GAMMA Investing LLC lifted its stake in Trex by 137.7% in the first quarter. GAMMA Investing LLC now owns 1,666 shares of the construction company's stock valued at $97,000 after buying an additional 965 shares during the period. SG Americas Securities LLC boosted its holdings in shares of Trex by 494.7% during the 1st quarter. SG Americas Securities LLC now owns 36,495 shares of the construction company's stock worth $2,120,000 after buying an additional 30,358 shares in the last quarter. Janney Montgomery Scott LLC grew its position in shares of 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, Conestoga Capital Advisors LLC increased its stake in shares of Trex by 1.8% in the 1st quarter. Conestoga Capital Advisors LLC now owns 2,002,468 shares of the construction company's stock valued at $116,343,000 after acquiring an additional 34,720 shares in the last quarter. 95.96% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other Trex news, SVP Amy M. Fernandez sold 1,538 shares of Trex stock in a transaction 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 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 legal filing with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 0.71% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on the stock. Baird R W upgraded shares of Trex from a "hold" rating to a "strong-buy" rating in a research report on Thursday, July 10th. B. Riley upgraded shares of Trex to a "strong-buy" rating in a report on Monday, July 21st. Loop Capital reissued a "hold" rating and set a $66.00 price objective on shares of Trex in a research report on Tuesday, August 5th. UBS Group reaffirmed a "neutral" rating and issued a $74.00 target price (up from $72.00) on shares of Trex in a research report on Tuesday, August 5th. Finally, Weiss Ratings reaffirmed a "hold (c-)" rating on shares of Trex in a research note on Wednesday. Two research analysts have rated the stock with a Strong Buy rating, seven have given a Buy rating, eight have given a Hold rating and one has issued a Sell rating to the company's stock. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $70.87.

Trex Stock Performance

Shares of NYSE TREX opened at $52.47 on Friday. The stock has a market cap of $5.63 billion, a price-to-earnings ratio of 30.33, a PEG ratio of 2.24 and a beta of 1.49. Trex Company, Inc. has a fifty-two week low of $49.01 and a fifty-two week high of $80.74. The firm's 50-day simple moving average is $58.81 and its 200 day simple moving average is $58.43.

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. Trex had a return on equity of 21.27% and a net margin of 16.53%.The firm had revenue of $387.80 million during the quarter, compared to analyst estimates of $377.49 million. During the same period in the previous year, the company posted $0.80 EPS. The company's revenue for the quarter was up 3.0% on a year-over-year basis. Trex has set its Q3 2025 guidance at EPS. On average, sell-side analysts predict that Trex Company, Inc. will post 2.04 EPS for the current year.

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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