GSB Wealth Management LLC Acquires Shares of 9,290 Trex Company, Inc. $TREX

Key Points

• GSB Wealth Management LLC has acquired 9,290 shares of Trex Company, valued at approximately $505,000, as part of its recent investments reported in a 13F filing with the SEC.
• Institutional investors collectively own 95.96% of Trex Company's stock, indicating strong interest in the company from large investors.
• Trex Company reported a quarterly EPS of $0.74, exceeding the consensus estimate of $0.72, with revenue up 3.0% compared to the same quarter last year.

GSB Wealth Management LLC acquired a new stake in Trex Company, Inc. (NYSE:TREX - Free Report) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 9,290 shares of the construction company's stock, valued at approximately $505,000.

A number of other institutional investors also recently bought and sold shares of the business. Armstrong Advisory Group Inc. acquired a new position in Trex in the second quarter valued at $31,000. UMB Bank n.a. increased its stake in shares of Trex by 41.4% during the second quarter. UMB Bank n.a. now owns 1,168 shares of the construction company's stock worth $64,000 after acquiring an additional 342 shares during the period. Baader Bank Aktiengesellschaft increased its stake in shares of Trex by 98.7% during the second quarter. Baader Bank Aktiengesellschaft now owns 7,393 shares of the construction company's stock worth $401,000 after acquiring an additional 3,672 shares during the period. Byrne Asset Management LLC acquired a new position in shares of Trex during the second quarter worth about $92,000. Finally, Red Spruce Capital LLC increased its stake in shares of Trex by 276.5% during the second quarter. Red Spruce Capital LLC now owns 56,973 shares of the construction company's stock worth $3,098,000 after acquiring an additional 41,841 shares during the period. 95.96% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, SVP Amy M. Fernandez sold 1,538 shares of the company'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 transaction of $98,708.84. Following the completion of the transaction, the senior vice president owned 22,953 shares of the company's stock, valued at approximately $1,473,123.54. This represents a 6.28% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Company insiders own 0.74% of the company's stock.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on TREX. Baird R W upgraded shares of Trex from a "hold" rating to a "strong-buy" rating in a research note on Thursday, July 10th. Wall Street Zen upgraded shares of Trex from a "sell" rating to a "hold" rating in a research report on Saturday, August 9th. Loop Capital restated a "hold" rating and set a $66.00 target price on shares of Trex in a research report on Tuesday, August 5th. DA Davidson set a $65.00 target price on shares of Trex and gave the stock a "neutral" rating in a research report on Tuesday, August 5th. Finally, UBS Group restated a "neutral" rating and set a $74.00 target price (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 assigned a Buy rating, seven have given a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, Trex currently has a consensus rating of "Moderate Buy" and a consensus target price of $71.93.

Trex Stock Performance

Shares of TREX stock opened at $52.35 on Tuesday. Trex Company, Inc. has a one year low of $49.01 and a one year high of $80.74. The company has a 50 day moving average price of $62.18 and a 200 day moving average price of $58.93. The firm has a market capitalization of $5.61 billion, a price-to-earnings ratio of 30.26, a price-to-earnings-growth ratio of 2.22 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, topping 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 analyst estimates of $377.49 million. During the same quarter in the prior year, the business posted $0.80 earnings per share. Trex's revenue for the quarter was up 3.0% compared to the same quarter last year. Trex has set its Q3 2025 guidance at EPS. As a group, equities analysts forecast that Trex Company, Inc. will post 2.04 EPS for the current fiscal 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.

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