Trex Company, Inc. $TREX Shares Bought by Eisler Capital Management Ltd.

Key Points

• Eisler Capital Management Ltd. increased its holdings in Trex Company, Inc. by 78.0% during the first quarter, owning a total of 83,836 shares valued at approximately $4.875 million.
• Trex reported $0.74 earnings per share for the last quarter, exceeding estimates, with revenue of $387.80 million, reflecting a 3.0% increase compared to the previous year.
• Currently, 95.96% of Trex's stock is owned by hedge funds and other institutional investors, indicating strong institutional interest in the company.

Eisler Capital Management Ltd. raised its stake in Trex Company, Inc. (NYSE:TREX - Free Report) by 78.0% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 83,836 shares of the construction company's stock after buying an additional 36,747 shares during the period. Eisler Capital Management Ltd. owned approximately 0.08% of Trex worth $4,875,000 at the end of the most recent reporting period.

Other hedge funds also recently added to or reduced their stakes in the company. GAMMA Investing LLC increased its holdings in 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 buying an additional 965 shares in the last quarter. Teacher Retirement System of Texas purchased a new position in Trex in the first quarter valued at about $911,000. State of Alaska Department of Revenue increased its holdings in Trex by 2.7% in the first quarter. State of Alaska Department of Revenue now owns 12,546 shares of the construction company's stock valued at $728,000 after buying an additional 330 shares in the last quarter. Janney Montgomery Scott LLC increased its holdings in Trex by 26.0% in the first quarter. Janney Montgomery Scott LLC now owns 70,990 shares of the construction company's stock valued at $4,125,000 after buying an additional 14,670 shares in the last quarter. Finally, Blue Trust Inc. increased its holdings 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 buying an additional 408 shares in the last quarter. 95.96% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of research analysts have recently weighed in on the stock. JPMorgan Chase & Co. dropped their price objective on shares of Trex from $73.00 to $71.00 and set a "neutral" rating for the company in a research note on Wednesday, August 6th. UBS Group reissued a "neutral" rating and set a $74.00 price objective (up from $72.00) on shares of Trex in a research note on Tuesday, August 5th. Robert W. Baird raised shares of Trex from a "neutral" rating to an "outperform" rating and raised their price objective for the stock from $65.00 to $75.00 in a research note on Thursday, July 10th. Wall Street Zen raised shares of Trex from a "sell" rating to a "hold" rating in a research note on Saturday, August 9th. Finally, Benchmark reissued a "buy" rating and set a $80.00 price objective on shares of Trex in a research note on Monday, May 12th. Two investment analysts have rated the stock with a Strong Buy rating, six have given a Buy rating, seven have given a Hold rating and one has issued a Sell rating to the company's stock. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average price target of $71.93.

Trex Price Performance

TREX stock traded down $1.23 during midday trading on Monday, hitting $61.63. The stock had a trading volume of 1,338,373 shares, compared to its average volume of 1,832,784. The firm has a market cap of $6.61 billion, a PE ratio of 35.62, a price-to-earnings-growth ratio of 2.58 and a beta of 1.51. Trex Company, Inc. has a 12-month low of $49.01 and a 12-month high of $80.74. The company's 50-day moving average price is $61.90 and its 200 day moving average price is $59.25.

Trex (NYSE:TREX - Get Free Report) last released its earnings results on Monday, August 4th. The construction company reported $0.74 EPS for the quarter, topping the consensus estimate of $0.72 by $0.02. The firm had revenue of $387.80 million during 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%. Trex's revenue for the quarter was up 3.0% on a year-over-year basis. During the same period in the previous year, the company earned $0.80 EPS. Trex has set its Q3 2025 guidance at EPS. As a group, 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 Trex 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 sale, the senior vice president directly owned 22,953 shares of the company's stock, valued at approximately $1,473,123.54. The trade was a 6.28% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 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.