Northern Trust Corp Increases 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 position in Trex Company, Inc. (NYSE:TREX - Free Report) by 6.2% during the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 1,014,023 shares of the construction company's stock after acquiring an additional 59,202 shares during the period. Northern Trust Corp owned 0.95% of Trex worth $58,915,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the company. Bamco Inc. NY boosted its holdings in Trex by 6.2% in the fourth quarter. Bamco Inc. NY now owns 2,153,133 shares of the construction company's stock worth $148,631,000 after acquiring an additional 126,441 shares in the last quarter. Balyasny Asset Management L.P. boosted its holdings in Trex by 86.3% in the fourth quarter. Balyasny Asset Management L.P. now owns 2,029,034 shares of the construction company's stock worth $140,064,000 after acquiring an additional 939,960 shares in the last quarter. Conestoga Capital Advisors LLC boosted its holdings in Trex by 1.8% in the first quarter. Conestoga Capital Advisors LLC now owns 2,002,468 shares of the construction company's stock worth $116,343,000 after acquiring an additional 34,720 shares in the last quarter. American Century Companies Inc. boosted its holdings in Trex by 66.1% in the first quarter. American Century Companies Inc. now owns 1,972,125 shares of the construction company's stock worth $114,580,000 after acquiring an additional 784,820 shares in the last quarter. Finally, Point72 Asset Management L.P. boosted its holdings in Trex by 87.4% in 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 acquiring an additional 893,675 shares in the last quarter. Institutional investors own 95.96% of the company's stock.

Trex Stock Down 2.0%

TREX stock traded down $1.23 during midday trading on Monday, hitting $61.63. The company's stock had a trading volume of 1,338,373 shares, compared to its average volume of 1,832,784. The stock's 50-day moving average price is $62.02 and its 200 day moving average price is $59.21. Trex Company, Inc. has a 1 year low of $49.01 and a 1 year high of $80.74. The stock has a market cap of $6.61 billion, a price-to-earnings ratio of 35.62, a PEG ratio of 2.58 and a beta of 1.51.

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

Insider Transactions at Trex

In other Trex news, SVP Amy M. Fernandez sold 1,538 shares of the firm's stock in a transaction on Wednesday, August 6th. The stock was 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 trade represents a 6.28% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. 0.74% of the stock is owned by corporate insiders.

Analyst Ratings Changes

Several brokerages have issued reports on TREX. Loop Capital reiterated a "hold" rating and issued a $66.00 price target on shares of Trex in a report on Tuesday, August 5th. Baird R W upgraded Trex from a "hold" rating to a "strong-buy" rating in a report on Thursday, July 10th. Benchmark restated a "buy" rating and issued a $80.00 target price on shares of Trex in a report on Monday, May 12th. DA Davidson set a $65.00 target price on Trex and gave the company a "neutral" rating in a report on Tuesday, August 5th. Finally, UBS Group restated a "neutral" rating and issued a $74.00 target price (up previously from $72.00) on shares of Trex in a 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 issued a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, Trex has an average rating of "Moderate Buy" and a consensus price target of $71.93.

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.