Trex Company, Inc. $TREX Shares Sold by Curi RMB Capital LLC

Key Points

• Curi RMB Capital LLC reduced its stake in Trex Company, Inc. by 8.7%, selling 5,971 shares during the first quarter, leaving it with approximately 62,881 shares valued at $3.65 million.
• Institutional investors hold a significant majority of 95.96% of Trex's stock, with notable increases in holdings from firms such as Price T Rowe Associates Inc. and American Century Companies Inc..
• Trex recently reported earnings of $0.74 per share, beating consensus estimates, with quarterly revenue of $387.80 million, reflecting a 3.0% year-over-year increase.

Curi RMB Capital LLC lessened its holdings in Trex Company, Inc. (NYSE:TREX - Free Report) by 8.7% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 62,881 shares of the construction company's stock after selling 5,971 shares during the period. Curi RMB Capital LLC owned about 0.06% of Trex worth $3,653,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. First Trust Advisors LP bought a new position in Trex in the 4th quarter worth approximately $321,000. Mercer Global Advisors Inc. ADV raised its position in shares of Trex by 35.2% during the 4th quarter. Mercer Global Advisors Inc. ADV now owns 8,004 shares of the construction company's stock valued at $553,000 after buying an additional 2,086 shares in the last quarter. Ameriprise Financial Inc. raised its position in shares of Trex by 3.3% during the 4th quarter. Ameriprise Financial Inc. now owns 424,010 shares of the construction company's stock valued at $29,269,000 after buying an additional 13,466 shares in the last quarter. Captrust Financial Advisors raised its position in shares of Trex by 44.4% during the 4th quarter. Captrust Financial Advisors now owns 9,357 shares of the construction company's stock valued at $646,000 after buying an additional 2,878 shares in the last quarter. Finally, Cetera Investment Advisers raised its position in Trex by 16.2% in the 4th quarter. Cetera Investment Advisers now owns 16,029 shares of the construction company's stock worth $1,107,000 after purchasing an additional 2,239 shares during the period. Hedge funds and other institutional investors own 95.96% of the company's stock.

Analyst Ratings Changes

A number of equities analysts have issued reports on TREX shares. JPMorgan Chase & Co. decreased their price objective on shares of Trex from $73.00 to $71.00 and set a "neutral" rating on the stock in a research report on Wednesday, August 6th. B. Riley raised shares of Trex to a "strong-buy" rating in a report on Monday, July 21st. Baird R W raised shares of Trex from a "hold" rating to a "strong-buy" rating in a report on Thursday, July 10th. Robert W. Baird upgraded shares of Trex from a "neutral" rating to an "outperform" rating and upped their price target for the stock from $65.00 to $75.00 in a research report on Thursday, July 10th. Finally, UBS Group reiterated a "neutral" rating and issued a $74.00 price target (up from $72.00) on shares of Trex in a research report on Tuesday, August 5th. Two 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, the company currently has an average rating of "Moderate Buy" and a consensus target price of $71.93.

Insider Buying and Selling at Trex

In other Trex 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 value of $98,708.84. Following the transaction, the senior vice president owned 22,953 shares of the company's stock, valued at $1,473,123.54. This represents a 6.28% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. Insiders own 0.74% of the company's stock.

Trex Stock Performance

Trex stock traded up $0.43 during midday trading on Wednesday, hitting $60.39. 182,132 shares of the company's stock were exchanged, compared to its average volume of 1,602,871. Trex Company, Inc. has a 12 month low of $49.01 and a 12 month high of $80.74. The firm has a 50-day moving average of $62.78 and a two-hundred day moving average of $59.10. The company has a market cap of $6.48 billion, a PE ratio of 34.92, a P/E/G ratio of 2.64 and a beta of 1.51.

Trex (NYSE:TREX - Get Free Report) last released its quarterly earnings results on Monday, August 4th. The construction company reported $0.74 earnings per share for the quarter, beating analysts' consensus estimates of $0.72 by $0.02. The business had revenue of $387.80 million for the quarter, compared to analysts' expectations of $377.49 million. Trex had a net margin of 16.53% and a return on equity of 21.27%. The company's revenue was up 3.0% compared to the same quarter last year. During the same period last year, the business earned $0.80 EPS. Trex has set its Q3 2025 guidance at EPS. As a group, equities analysts expect that Trex Company, Inc. will post 2.04 earnings per share for the current year.

About Trex

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.