DAVENPORT & Co LLC Has $23.21 Million Position in Trex Company, Inc. $TREX

Key Points

• DAVENPORT & Co LLC increased its position in Trex Company, Inc. by 1.4% in the second quarter, now owning approximately $23.21 million worth of stock.
• Trex reported $0.74 earnings per share for the last quarter, surpassing estimates, with a revenue increase of 3.0% year-over-year to $387.80 million.
• The stock currently has a consensus rating of "Moderate Buy" with a target price of around $71.93 according to analysts' recent evaluations.

DAVENPORT & Co LLC increased its position in shares of Trex Company, Inc. (NYSE:TREX - Free Report) by 1.4% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 422,919 shares of the construction company's stock after acquiring an additional 5,884 shares during the period. DAVENPORT & Co LLC owned about 0.39% of Trex worth $23,207,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also added to or reduced their stakes in TREX. Armstrong Advisory Group Inc. bought a new stake in Trex during the second quarter worth $31,000. Parallel Advisors LLC raised its holdings in shares of Trex by 28.4% during the 2nd quarter. Parallel Advisors LLC now owns 1,049 shares of the construction company's stock worth $57,000 after buying an additional 232 shares in the last quarter. Brooklyn Investment Group lifted its position in shares of Trex by 35,733.3% during the 1st quarter. Brooklyn Investment Group now owns 1,075 shares of the construction company's stock worth $62,000 after buying an additional 1,072 shares during the last quarter. UMB Bank n.a. boosted its stake in Trex by 41.4% in the second quarter. UMB Bank n.a. now owns 1,168 shares of the construction company's stock valued at $64,000 after buying an additional 342 shares in the last quarter. Finally, Blue Trust Inc. grew its position 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 last quarter. 95.96% of the stock is currently owned by institutional investors and hedge funds.

Trex Price Performance

TREX opened at $52.30 on Tuesday. Trex Company, Inc. has a fifty-two week low of $49.01 and a fifty-two week high of $80.74. The company's 50 day moving average price is $59.59 and its two-hundred day moving average price is $58.57. The firm has a market capitalization of $5.61 billion, a price-to-earnings ratio of 30.23, a PEG ratio of 2.20 and a beta of 1.49.

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 (EPS) for the quarter, beating the consensus estimate of $0.72 by $0.02. Trex had a net margin of 16.53% and a return on equity of 21.27%. The firm had revenue of $387.80 million during the quarter, compared to the consensus estimate of $377.49 million. During the same quarter last year, the firm earned $0.80 earnings per share. The company's revenue for the quarter was up 3.0% on a year-over-year basis. Trex has set its Q3 2025 guidance at EPS. As a group, equities research analysts predict that Trex Company, Inc. will post 2.04 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on the stock. DA Davidson set a $65.00 target price on shares of Trex and gave the stock a "neutral" rating in a report on Tuesday, August 5th. JPMorgan Chase & Co. lowered their price objective on shares of Trex from $73.00 to $71.00 and set a "neutral" rating for the company in a research report on Wednesday, August 6th. Wall Street Zen raised shares of Trex from a "sell" rating to a "hold" rating in a research note on Saturday, August 9th. Weiss Ratings reaffirmed a "hold (c-)" rating on shares of Trex in a research note on Saturday, September 27th. Finally, Loop Capital reiterated a "hold" rating and set a $66.00 price target on shares of Trex in a report on Tuesday, August 5th. Two investment analysts have rated the stock with a Strong Buy rating, six have assigned a Buy rating, eight have given a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $71.93.

Insider Buying and Selling

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 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 owned 22,953 shares in the company, valued at approximately $1,473,123.54. The trade was a 6.28% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Insiders own 0.74% of the company's stock.

Trex Company 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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