Element Capital Management LLC Acquires New Shares in Trex Company, Inc. $TREX

Key Points

• Element Capital Management LLC acquired 44,637 shares of Trex Company, Inc., valued at approximately $2.59 million, indicating a significant investment in the construction company.
• Hedge funds collectively own 95.96% of Trex's stock, highlighting strong institutional interest in the company.
• Trex reported a 3.0% year-over-year revenue increase with earnings per share of $0.74, surpassing analyst expectations of $0.72.

Element Capital Management LLC bought a new stake in Trex Company, Inc. (NYSE:TREX - Free Report) during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 44,637 shares of the construction company's stock, valued at approximately $2,593,000.

Other hedge funds have also made changes to their positions in the company. Price T Rowe Associates Inc. MD grew its stake in Trex by 463.7% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 3,134,849 shares of the construction company's stock worth $216,400,000 after purchasing an additional 2,578,734 shares in the last quarter. Madison Asset Management LLC bought a new stake in shares of Trex in the 1st quarter worth approximately $109,852,000. Anomaly Capital Management LP boosted its holdings in shares of Trex by 228.2% during the fourth quarter. Anomaly Capital Management LP now owns 1,512,783 shares of the construction company's stock valued at $104,427,000 after acquiring an additional 1,051,888 shares during the period. Balyasny Asset Management L.P. grew its position in Trex by 86.3% in the 4th quarter. Balyasny Asset Management L.P. now owns 2,029,034 shares of the construction company's stock worth $140,064,000 after purchasing an additional 939,960 shares during the last quarter. Finally, Point72 Asset Management L.P. boosted its position in shares of Trex by 87.4% during the fourth quarter. Point72 Asset Management L.P. now owns 1,916,134 shares of the construction company's stock worth $132,271,000 after buying an additional 893,675 shares during the period. Institutional investors and hedge funds own 95.96% of the company's stock.

Analysts Set New Price Targets

TREX has been the topic of several recent analyst reports. Baird R W raised Trex from a "hold" rating to a "strong-buy" rating in a research note on Thursday, July 10th. Robert W. Baird raised Trex from a "neutral" rating to an "outperform" rating and raised their price target for the company from $65.00 to $75.00 in a report on Thursday, July 10th. Wall Street Zen raised shares of Trex from a "sell" rating to a "hold" rating in a report on Saturday, August 9th. Loop Capital reissued a "hold" rating and set a $66.00 target price on shares of Trex in a research note on Tuesday, August 5th. Finally, UBS Group reaffirmed a "neutral" rating and issued a $74.00 price target (up from $72.00) on shares of Trex in a research note 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 assigned a Hold rating and one has assigned a Sell rating to the company's stock. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average target price of $71.93.

Trex Stock Performance

Shares of NYSE:TREX traded down $0.69 during midday trading on Thursday, reaching $61.05. The company had a trading volume of 371,511 shares, compared to its average volume of 1,615,376. Trex Company, Inc. has a 1-year low of $49.01 and a 1-year high of $80.74. The company has a fifty day simple moving average of $60.68 and a two-hundred day simple moving average of $59.76. The firm has a market cap of $6.55 billion, a price-to-earnings ratio of 35.33, a price-to-earnings-growth ratio of 2.68 and a beta of 1.51.

Trex (NYSE:TREX - Get Free Report) last issued its quarterly earnings results on Monday, August 4th. The construction company reported $0.74 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 business had revenue of $387.80 million during the quarter, compared to the consensus estimate of $377.49 million. During the same quarter in the prior year, the firm earned $0.80 EPS. The firm's quarterly revenue was up 3.0% on a year-over-year basis. Trex has set its Q3 2025 guidance at EPS. Analysts expect that Trex Company, Inc. will post 2.04 EPS for the current year.

Insiders Place Their Bets

In other news, SVP Amy M. Fernandez sold 1,538 shares of the 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 $1,473,123.54. This represents a 6.28% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 0.71% of the stock is currently owned by company insiders.

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.