Comerica Bank Boosts Holdings 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 raised its holdings in Trex Company, Inc. (NYSE:TREX - Free Report) by 10.4% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 231,538 shares of the construction company's stock after buying an additional 21,897 shares during the period. Comerica Bank owned about 0.22% of Trex worth $13,452,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also recently made changes to their positions in TREX. Brooklyn Investment Group raised its holdings in shares of 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 purchasing an additional 1,072 shares during the last quarter. Blue Trust Inc. raised its holdings in shares of 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 purchasing an additional 408 shares during the last quarter. GAMMA Investing LLC raised its holdings in shares of 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 purchasing an additional 965 shares during the last quarter. Baader Bank Aktiengesellschaft purchased a new stake in shares of Trex in the first quarter valued at about $216,000. Finally, Jefferies Financial Group Inc. purchased a new stake in shares of Trex in the first quarter valued at about $218,000. 95.96% of the stock is owned by institutional investors.

Insiders Place Their Bets

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

Wall Street Analyst Weigh In

Several analysts have recently commented on the stock. JPMorgan Chase & Co. lowered their target price on shares of Trex from $73.00 to $71.00 and set a "neutral" rating for the company in a report on Wednesday, August 6th. Benchmark reiterated a "buy" rating and issued a $80.00 target price on shares of Trex in a report on Monday, May 12th. Wall Street Zen upgraded shares of Trex from a "sell" rating to a "hold" rating in a report on Saturday, August 9th. UBS Group reiterated a "neutral" rating and issued a $74.00 target price (up previously from $72.00) on shares of Trex in a report on Tuesday, August 5th. Finally, Loop Capital restated a "hold" rating and set a $66.00 price objective on shares of Trex in a report on Tuesday, August 5th. Two equities research analysts have rated the stock with a Strong Buy rating, six have assigned a Buy rating, seven have given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus price target of $71.93.

Trex Stock Down 2.0%

NYSE TREX traded down $1.23 during trading hours on Monday, reaching $61.63. 1,338,373 shares of the company were exchanged, compared to its average volume of 1,832,784. The stock has a market capitalization of $6.61 billion, a P/E ratio of 35.62, a P/E/G ratio of 2.58 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. The business's 50 day simple moving average is $62.02 and its 200-day simple moving average is $59.21.

Trex (NYSE:TREX - Get Free Report) last issued its earnings results 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. The firm had revenue of $387.80 million during the quarter, compared to analyst estimates 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% on a year-over-year basis. During the same quarter last year, the business earned $0.80 earnings per share. Trex has set its Q3 2025 guidance at EPS. As a group, sell-side analysts anticipate that Trex Company, Inc. will post 2.04 earnings per share for the current year.

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.