Charles Schwab Investment Management Inc. Raises Stock Holdings in Trex Company, Inc. $TREX

Key Points

• Charles Schwab Investment Management Inc. has increased its stake in Trex Company, Inc. by 5.7%, owning approximately $56.93 million worth of shares as of the latest SEC filing.
• Trex's recent quarterly earnings report showed $0.74 earnings per share, exceeding analysts' expectations, while revenue for the quarter was $387.8 million, a 3% increase year-over-year.
• The stock has a current market cap of $6.77 billion with a price-to-earnings ratio of 36.47, and analysts have a consensus rating of "Moderate Buy" with an average price target of $71.93.

Charles Schwab Investment Management Inc. grew its stake in Trex Company, Inc. (NYSE:TREX - Free Report) by 5.7% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 979,820 shares of the construction company's stock after purchasing an additional 53,196 shares during the period. Charles Schwab Investment Management Inc. owned approximately 0.91% of Trex worth $56,928,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. Price T Rowe Associates Inc. MD grew its holdings in Trex by 463.7% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 3,134,849 shares of the construction company's stock worth $216,400,000 after acquiring an additional 2,578,734 shares during the period. Bamco Inc. NY grew its holdings in Trex by 6.2% during the fourth quarter. Bamco Inc. NY now owns 2,153,133 shares of the construction company's stock worth $148,631,000 after acquiring an additional 126,441 shares during the period. Balyasny Asset Management L.P. grew its holdings in Trex by 86.3% during the fourth quarter. Balyasny Asset Management L.P. now owns 2,029,034 shares of the construction company's stock worth $140,064,000 after acquiring an additional 939,960 shares during the period. Conestoga Capital Advisors LLC grew its holdings in Trex by 1.8% during the first quarter. Conestoga Capital Advisors LLC now owns 2,002,468 shares of the construction company's stock worth $116,343,000 after acquiring an additional 34,720 shares during the period. Finally, Point72 Asset Management L.P. grew its holdings in Trex by 87.4% during the fourth quarter. Point72 Asset Management L.P. now owns 1,916,134 shares of the construction company's stock worth $132,271,000 after acquiring an additional 893,675 shares during the period. Institutional investors and hedge funds own 95.96% of the company's stock.

Trex Price Performance

TREX traded down $2.3210 during trading on Wednesday, reaching $61.6990. 2,470,044 shares of the stock were exchanged, compared to its average volume of 1,682,147. The business's 50 day moving average price is $60.68 and its two-hundred day moving average price is $59.76. The company has a market capitalization of $6.62 billion, a price-to-earnings ratio of 35.66, a P/E/G ratio of 2.68 and a beta of 1.51. Trex Company, Inc. has a 1 year low of $49.01 and a 1 year high of $80.74.

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

Insider Activity

In other news, SVP Amy M. Fernandez sold 1,538 shares of the company's stock in a transaction on Wednesday, August 6th. The stock was sold at an average price of $64.18, for a total value of $98,708.84. Following the sale, the senior vice president directly 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 sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 0.71% of the stock is owned by corporate insiders.

Analyst Ratings Changes

TREX has been the topic of a number of recent analyst reports. DA Davidson set a $65.00 price objective on Trex and gave the stock a "neutral" rating in a report on Tuesday, August 5th. JPMorgan Chase & Co. dropped their price objective on Trex from $73.00 to $71.00 and set a "neutral" rating on the stock in a report on Wednesday, August 6th. Wall Street Zen raised Trex from a "sell" rating to a "hold" rating in a report on Saturday, August 9th. Loop Capital reiterated a "hold" rating and set a $66.00 target price on shares of Trex in a research report on Tuesday, August 5th. Finally, Stephens decreased their target price on Trex from $73.00 to $65.00 and set an "equal weight" rating on the stock in a research report on Monday, May 12th. Two equities research analysts have rated the stock with a Strong Buy rating, six have assigned a Buy rating, seven have assigned a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the stock 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.