Comerica Bank Has $13.45 Million Stake in Trex Company, Inc. $TREX

Key Points

• Comerica Bank has increased its holdings in Trex Company, Inc. by 10.4%, now owning approximately $13.45 million worth of shares.
• Institutional investors and hedge funds own 95.96% of Trex's stock, indicating substantial interest from large financial entities.
• Trex reported an earnings per share (EPS) of $0.74, exceeding analyst predictions, with a revenue increase of 3.0% compared to the same quarter last year.

Comerica Bank increased its holdings in shares of Trex Company, Inc. (NYSE:TREX - Free Report) by 10.4% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 231,538 shares of the construction company's stock after purchasing an additional 21,897 shares during the quarter. Comerica Bank owned approximately 0.22% of Trex worth $13,452,000 as of its most recent SEC filing.

A number of other large investors have also recently added to or reduced their stakes in TREX. Price T Rowe Associates Inc. MD lifted its stake in Trex by 132.8% in the first quarter. Price T Rowe Associates Inc. MD now owns 7,297,863 shares of the construction company's stock valued at $424,007,000 after acquiring an additional 4,163,014 shares during the last quarter. Madison Asset Management LLC bought a new position in shares of Trex in the first quarter valued at about $109,852,000. Balyasny Asset Management L.P. raised its position in shares of Trex by 86.3% in the fourth quarter. Balyasny Asset Management L.P. now owns 2,029,034 shares of the construction company's stock valued at $140,064,000 after purchasing an additional 939,960 shares during the period. Point72 Asset Management L.P. raised its position in shares of Trex by 87.4% in the fourth quarter. Point72 Asset Management L.P. now owns 1,916,134 shares of the construction company's stock valued at $132,271,000 after purchasing an additional 893,675 shares during the period. Finally, American Century Companies Inc. raised its position in shares of Trex by 66.1% in the first quarter. American Century Companies Inc. now owns 1,972,125 shares of the construction company's stock valued at $114,580,000 after purchasing an additional 784,820 shares during the period. Institutional investors and hedge funds own 95.96% of the company's stock.

Trex Stock Performance

NYSE:TREX opened at $63.53 on Wednesday. Trex Company, Inc. has a 52 week low of $49.01 and a 52 week high of $80.74. The firm has a market cap of $6.81 billion, a price-to-earnings ratio of 36.72, a P/E/G ratio of 2.66 and a beta of 1.51. The firm's 50-day simple moving average is $61.31 and its 200 day simple moving average is $59.44.

Trex (NYSE:TREX - Get Free Report) last released 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. Trex had a net margin of 16.53% and a return on equity of 21.27%. The business had revenue of $387.80 million for the quarter, compared to analyst estimates of $377.49 million. During the same period last year, the firm earned $0.80 earnings per share. Trex's revenue for the quarter was up 3.0% compared to the same quarter last year. 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

In other Trex news, SVP Amy M. Fernandez sold 1,538 shares of the firm'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 transaction, the senior vice president directly owned 22,953 shares of the company's stock, valued at $1,473,123.54. This trade represents a 6.28% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.74% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

TREX has been the topic of several research analyst reports. Benchmark reissued a "buy" rating and issued a $80.00 price objective on shares of Trex in a research report on Monday, May 12th. Stephens dropped their price objective on shares of Trex from $73.00 to $65.00 and set an "equal weight" rating on the stock in a research report on Monday, May 12th. UBS Group reissued a "neutral" rating and issued a $74.00 price objective (up from $72.00) on shares of Trex in a research report on Tuesday, August 5th. B. Riley raised shares of Trex to a "strong-buy" rating in a research report on Monday, July 21st. Finally, DA Davidson set a $65.00 price target on shares of Trex and gave the stock a "neutral" rating in a research report on Tuesday, August 5th. Two equities research analysts have rated the stock with a Strong Buy rating, six have issued a Buy rating, seven have given a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average 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.

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