Northern Trust Corp Boosts Stock Holdings in Trex Company, Inc. $TREX

Key Points

• Northern Trust Corp increased its stake in Trex Company, Inc. by 6.2%, bringing its total holdings to over 1 million shares worth approximately $58.9 million.
• Several other institutional investors have also increased their stakes, with GAMMA Investing LLC raising its stake by 137.7% during the same period.
• Trex reported earnings of $0.74 per share, exceeding expectations, and revenue of $387.8 million for the quarter, marking a 3% year-over-year increase.

Northern Trust Corp boosted its stake in shares of Trex Company, Inc. (NYSE:TREX - Free Report) by 6.2% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,014,023 shares of the construction company's stock after purchasing an additional 59,202 shares during the period. Northern Trust Corp owned approximately 0.95% of Trex worth $58,915,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. GAMMA Investing LLC raised its stake in Trex by 137.7% during the first quarter. GAMMA Investing LLC now owns 1,666 shares of the construction company's stock worth $97,000 after purchasing an additional 965 shares during the period. Teacher Retirement System of Texas purchased a new position in Trex during the first quarter worth approximately $911,000. State of Alaska Department of Revenue raised its stake in Trex by 2.7% during the first quarter. State of Alaska Department of Revenue now owns 12,546 shares of the construction company's stock worth $728,000 after purchasing an additional 330 shares during the period. Janney Montgomery Scott LLC raised its stake in Trex by 26.0% during the first quarter. Janney Montgomery Scott LLC now owns 70,990 shares of the construction company's stock worth $4,125,000 after purchasing an additional 14,670 shares during the period. Finally, Blue Trust Inc. raised its stake in Trex by 55.9% during the first quarter. Blue Trust Inc. now owns 1,138 shares of the construction company's stock worth $66,000 after purchasing an additional 408 shares during the period. Hedge funds and other institutional investors own 95.96% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on the stock. UBS Group reissued a "neutral" rating and issued a $74.00 target price (up previously from $72.00) on shares of Trex in a research note on Tuesday, August 5th. Benchmark reissued a "buy" rating and issued a $80.00 target price on shares of Trex in a research note on Monday, May 12th. Wall Street Zen raised shares of Trex from a "sell" rating to a "hold" rating in a research note on Saturday, August 9th. Stephens cut their target price on shares of Trex from $73.00 to $65.00 and set an "equal weight" rating on the stock in a research note on Monday, May 12th. Finally, JPMorgan Chase & Co. cut their target price on shares of Trex from $73.00 to $71.00 and set a "neutral" rating on the stock in a research note on Wednesday, August 6th. Two analysts have rated the stock with a Strong Buy rating, six have issued a Buy rating, seven have given a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average price target of $71.93.

Trex Price Performance

Shares of Trex stock opened at $63.53 on Wednesday. The business has a 50-day moving average of $61.31 and a 200-day moving average of $59.44. The company has a market capitalization of $6.81 billion, a PE ratio of 36.72, a P/E/G ratio of 2.66 and a beta of 1.51. Trex Company, Inc. has a 1-year low of $49.01 and a 1-year high of $80.74.

Trex (NYSE:TREX - Get Free Report) last announced its earnings results on Monday, August 4th. The construction company reported $0.74 earnings per share for the quarter, beating the consensus estimate of $0.72 by $0.02. The company had revenue of $387.80 million during the quarter, compared to the consensus estimate of $377.49 million. Trex had a return on equity of 21.27% and a net margin of 16.53%.The company's revenue was up 3.0% on a year-over-year basis. During the same period last year, the firm earned $0.80 earnings per share. Trex has set its Q3 2025 guidance at EPS. On average, equities analysts expect that Trex Company, Inc. will post 2.04 earnings per share for the current fiscal year.

Insider Buying and Selling at Trex

In other news, SVP Amy M. Fernandez sold 1,538 shares of the firm's stock in a transaction dated Wednesday, August 6th. The stock was sold at an average price of $64.18, for a total transaction of $98,708.84. Following the completion of the sale, the senior vice president directly owned 22,953 shares in the company, 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 legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.74% of the stock is owned by corporate insiders.

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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