Trex Company, Inc. $TREX Shares Sold by Candriam S.C.A.

Key Points

• Candriam S.C.A. has reduced its stake in Trex Company, Inc. by 40%, owning 51,062 shares valued at approximately $2,967,000 after selling 34,010 shares in the first quarter.
• Research firms have mixed ratings on Trex, with B. Riley giving it a "strong-buy" rating, while other analysts propose a target price adjustment, indicating varying levels of confidence in the stock's future performance.
• Trex reported a net margin of 16.53% and a return on equity of 21.27%, with revenue of $387.80 million for the last quarter, surpassing analysts' expectations.

Candriam S.C.A. decreased its holdings in Trex Company, Inc. (NYSE:TREX - Free Report) by 40.0% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 51,062 shares of the construction company's stock after selling 34,010 shares during the period. Candriam S.C.A.'s holdings in Trex were worth $2,967,000 at the end of the most recent quarter.

Other large investors also recently added to or reduced their stakes in the company. State of Michigan Retirement System boosted its holdings in shares of Trex by 0.8% in the first 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 period. Stephens Inc. AR raised its position in Trex by 3.7% during 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 in the last quarter. ProShare Advisors LLC lifted its holdings 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 worth $346,000 after buying an additional 274 shares during the period. Louisiana State Employees Retirement System grew its position in shares of Trex by 1.0% during the 1st quarter. Louisiana State Employees Retirement System now owns 30,000 shares of the construction company's stock worth $1,743,000 after buying an additional 300 shares in the last quarter. Finally, State of Alaska Department of Revenue grew its position in shares of Trex by 2.7% during the 1st quarter. State of Alaska Department of Revenue now owns 12,546 shares of the construction company's stock worth $728,000 after buying an additional 330 shares in the last quarter. 95.96% of the stock is owned by institutional investors.

Trex Stock Performance

TREX traded down $0.81 during trading on Thursday, hitting $62.58. The stock had a trading volume of 404,531 shares, compared to its average volume of 1,620,061. The stock has a 50 day simple moving average of $61.53 and a two-hundred day simple moving average of $59.47. Trex Company, Inc. has a twelve month low of $49.01 and a twelve month high of $80.74. The company has a market capitalization of $6.71 billion, a PE ratio of 36.17, a PEG ratio of 2.65 and a beta of 1.51.

Trex (NYSE:TREX - Get Free Report) last posted its quarterly earnings data on Monday, August 4th. The construction company reported $0.74 earnings per share 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 analysts' expectations of $377.49 million. During the same quarter last year, the firm earned $0.80 EPS. The business's quarterly revenue was up 3.0% on a year-over-year basis. Trex has set its Q3 2025 guidance at EPS. On average, equities research 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 transaction of $98,708.84. Following the transaction, the senior vice president owned 22,953 shares in the company, valued at $1,473,123.54. This represents a 6.28% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Insiders own 0.71% of the company's stock.

Analysts Set New Price Targets

TREX has been the subject of several recent research reports. Robert W. Baird raised shares of Trex from a "neutral" rating to an "outperform" rating and upped their price objective for the stock 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 report on Thursday, July 10th. UBS Group reiterated a "neutral" rating and set a $74.00 price objective (up from $72.00) on shares of Trex in a research note on Tuesday, August 5th. Stephens cut their price objective on shares of Trex from $73.00 to $65.00 and set an "equal weight" rating on the stock in a report on Monday, May 12th. Finally, B. Riley upgraded Trex to a "strong-buy" rating in a report on Monday, July 21st. Two equities research analysts have rated the stock with a Strong Buy rating, six have given a Buy rating, seven have assigned a Hold rating and one has issued a Sell rating to the company's stock. Based on data from MarketBeat.com, Trex currently has an average rating of "Moderate Buy" and a consensus target price 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.