Brant Point Investment Management LLC Invests $3.44 Million in Trex Company, Inc. $TREX

Key Points

• Brant Point Investment Management LLC has made a new investment of approximately $3.44 million in Trex Company, Inc., acquiring 59,271 shares, which represents about 0.06% ownership of the company.
• Several institutional investors have increased their stakes in Trex, with GAMMA Investing LLC boosting its position by 137.7% during the first quarter.
• Trex Company reported $0.74 EPS for the last quarter, exceeding analysts' expectations, with a revenue of $387.80 million that was up 3.0% year-over-year.

Brant Point Investment Management LLC acquired a new position in Trex Company, Inc. (NYSE:TREX - Free Report) in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 59,271 shares of the construction company's stock, valued at approximately $3,444,000. Brant Point Investment Management LLC owned about 0.06% of Trex at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also modified their holdings of TREX. First Trust Advisors LP acquired a new stake in shares of Trex in the fourth quarter worth $321,000. The Manufacturers Life Insurance Company lifted its stake in shares of Trex by 13.2% in the fourth quarter. The Manufacturers Life Insurance Company now owns 598,972 shares of the construction company's stock worth $41,347,000 after buying an additional 69,826 shares during the last quarter. Northern Trust Corp lifted its stake in shares of Trex by 20.0% in the fourth quarter. Northern Trust Corp now owns 954,821 shares of the construction company's stock worth $65,911,000 after buying an additional 159,315 shares during the last quarter. Mercer Global Advisors Inc. ADV lifted its stake in shares of Trex by 35.2% in the fourth quarter. Mercer Global Advisors Inc. ADV now owns 8,004 shares of the construction company's stock worth $553,000 after buying an additional 2,086 shares during the last quarter. Finally, AXA S.A. lifted its stake in shares of Trex by 18.9% in the fourth quarter. AXA S.A. now owns 286,682 shares of the construction company's stock worth $19,790,000 after buying an additional 45,632 shares during the last quarter. 95.96% of the stock is currently owned by institutional investors and hedge funds.

Trex Stock Performance

Shares of TREX stock traded down $1.23 during mid-day trading on Monday, reaching $61.63. The company's stock had a trading volume of 1,338,373 shares, compared to its average volume of 1,832,784. Trex Company, Inc. has a 1-year low of $49.01 and a 1-year high of $80.74. The company has a market cap of $6.61 billion, a P/E ratio of 35.62, a PEG ratio of 2.58 and a beta of 1.51. The firm's 50-day moving average is $61.90 and its two-hundred day moving average is $59.25.

Trex (NYSE:TREX - Get Free Report) last announced its quarterly earnings data on Monday, August 4th. The construction company reported $0.74 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.72 by $0.02. Trex had a net margin of 16.53% and a return on equity of 21.27%. The company had revenue of $387.80 million during the quarter, compared to analysts' expectations of $377.49 million. During the same quarter in the prior year, the company posted $0.80 EPS. The business's revenue was up 3.0% on a year-over-year basis. Trex has set its Q3 2025 guidance at EPS. Sell-side analysts anticipate that Trex Company, Inc. will post 2.04 EPS for the current year.

Insider Buying and Selling at Trex

In other 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 value of $98,708.84. Following the sale, the senior vice president owned 22,953 shares of the company's stock, valued at approximately $1,473,123.54. This represents a 6.28% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 0.74% of the company's stock.

Wall Street Analyst Weigh In

Several equities analysts recently commented on the stock. JPMorgan Chase & Co. cut their target price 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. B. Riley upgraded shares of Trex to a "strong-buy" rating in a research note on Monday, July 21st. DA Davidson set a $65.00 target price on shares of Trex and gave the company a "neutral" rating in a research note on Tuesday, August 5th. UBS Group reiterated a "neutral" rating and set a $74.00 target price (up from $72.00) on shares of Trex in a research note on Tuesday, August 5th. Finally, Baird R W upgraded shares of Trex from a "hold" rating to a "strong-buy" rating in a research note on Thursday, July 10th. Two analysts have rated the stock with a Strong Buy rating, six have given a Buy rating, seven have issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus price target 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.