Candriam S.C.A. Decreases Stake in Trex Company, Inc. $TREX

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

Other large investors also recently bought and sold shares of the company. Brooklyn Investment Group lifted its holdings in Trex by 35,733.3% in the first quarter. Brooklyn Investment Group now owns 1,075 shares of the construction company's stock valued at $62,000 after acquiring an additional 1,072 shares during the period. Blue Trust Inc. lifted its holdings in Trex by 55.9% in the first quarter. Blue Trust Inc. now owns 1,138 shares of the construction company's stock valued at $66,000 after acquiring an additional 408 shares during the period. GAMMA Investing LLC lifted its holdings 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 acquiring an additional 965 shares during the period. Baader Bank Aktiengesellschaft acquired a new position in Trex in the first quarter valued at approximately $216,000. Finally, Jefferies Financial Group Inc. acquired a new position in Trex in the first quarter valued at approximately $218,000. 95.96% of the stock is owned by institutional investors and hedge funds.

Trex Price Performance

Shares of NYSE TREX traded up $0.05 on Wednesday, hitting $63.52. The company's stock had a trading volume of 2,214,810 shares, compared to its average volume of 1,622,102. The company has a market capitalization of $6.81 billion, a price-to-earnings ratio of 36.72, a price-to-earnings-growth ratio of 2.66 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 has a 50 day moving average of $61.31 and a 200-day moving average of $59.44.

Trex (NYSE:TREX - Get Free Report) last issued its quarterly earnings results 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 business 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%. The company's quarterly revenue was up 3.0% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.80 earnings per share. Trex has set its Q3 2025 guidance at EPS. Sell-side analysts expect that Trex Company, Inc. will post 2.04 EPS for the current fiscal year.

Insider Buying and Selling at Trex

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 value 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 trade represents 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. 0.74% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on TREX shares. Wall Street Zen raised shares of Trex from a "sell" rating to a "hold" rating in a research note on Saturday, August 9th. Loop Capital restated a "hold" rating and issued a $66.00 price objective on shares of Trex in a report on Tuesday, August 5th. Robert W. Baird upgraded shares of Trex from a "neutral" rating to an "outperform" rating and lifted their price objective for the company from $65.00 to $75.00 in a report on Thursday, July 10th. B. Riley raised shares of Trex to a "strong-buy" rating in a report on Monday, July 21st. Finally, Stephens lowered their price target on Trex from $73.00 to $65.00 and set an "equal weight" rating for the company in a report on Monday, May 12th. Two research analysts have rated the stock with a Strong Buy rating, six have given a Buy rating, seven have given a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, Trex presently has a consensus 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.