Trex Company, Inc. $TREX Shares Sold by Jacobs Levy Equity Management Inc.

Key Points

• Jacobs Levy Equity Management Inc. significantly reduced its stake in Trex Company, decreasing its holding by 71.9% by selling 636,848 shares during the first quarter, now owning 249,249 shares valued at approximately $14.5 million.
• Several hedge funds, including Brooklyn Investment Group and GAMMA Investing LLC, made notable increases to their positions in Trex during the same quarter, highlighting a mixed sentiment among institutional investors.
• Analysts have recently upgraded Trex, with ratings including a "hold" from Wall Street Zen and an "outperform" from Robert W. Baird, reflecting a consensus rating of "Moderate Buy" and a price target averaging around $71.93.

Jacobs Levy Equity Management Inc. lowered its position in shares of Trex Company, Inc. (NYSE:TREX - Free Report) by 71.9% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 249,249 shares of the construction company's stock after selling 636,848 shares during the quarter. Jacobs Levy Equity Management Inc. owned about 0.23% of Trex worth $14,481,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also added to or reduced their stakes in TREX. Brooklyn Investment Group boosted its position in shares of Trex by 35,733.3% in the 1st quarter. Brooklyn Investment Group now owns 1,075 shares of the construction company's stock worth $62,000 after purchasing an additional 1,072 shares in the last quarter. Blue Trust Inc. raised its stake in Trex by 55.9% during the 1st 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 during the last quarter. Quarry LP purchased a new stake in Trex during the 1st quarter valued at $78,000. GAMMA Investing LLC raised its stake in Trex by 137.7% during the 1st 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 during the last quarter. Finally, Banque Transatlantique SA purchased a new stake in Trex during the 1st quarter valued at $100,000. Hedge funds and other institutional investors own 95.96% of the company's stock.

Wall Street Analyst Weigh In

Several equities research analysts have recently commented on the company. DA Davidson set a $65.00 price objective on Trex and gave the stock a "neutral" rating in a research note on Tuesday, August 5th. JPMorgan Chase & Co. dropped their target price on shares of Trex from $73.00 to $71.00 and set a "neutral" rating for the company in a report on Wednesday, August 6th. Benchmark reaffirmed a "buy" rating and issued a $80.00 target price on shares of Trex in a report on Monday, May 12th. Loop Capital reaffirmed a "hold" rating and issued a $66.00 target price on shares of Trex in a report on Tuesday, August 5th. Finally, Stephens dropped their target price on shares of Trex from $73.00 to $65.00 and set an "equal weight" rating for the company in a report on Monday, May 12th. Two 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 stock. According to MarketBeat.com, Trex presently has an average rating of "Moderate Buy" and an average target price of $71.93.

Insider Activity at Trex

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

Trex Stock Down 5.0%

Trex stock traded down $3.16 during midday trading on Tuesday, reaching $59.98. The stock had a trading volume of 1,162,721 shares, compared to its average volume of 1,534,353. Trex Company, Inc. has a 52-week low of $49.01 and a 52-week high of $80.74. The firm has a market cap of $6.43 billion, a price-to-earnings ratio of 34.67, a price-to-earnings-growth ratio of 2.64 and a beta of 1.51. The company has a fifty day moving average of $62.78 and a 200 day moving average of $59.10.

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