Oppenheimer Asset Management Inc. Trims Stock Position in Trex Company, Inc. $TREX

Key Points

• Oppenheimer Asset Management reduced its stake in Trex by 49.2% in Q4, selling 31,909 shares and leaving 32,905 shares valued at $1.154 million.
• Trex beat Q4 estimates (EPS $0.04 vs. consensus -$0.01; revenue $161.13M vs. $144.39M) despite a 3.9% year‑over‑year revenue decline, and analysts hold a consensus rating of Hold with an average price target of $48.

Oppenheimer Asset Management Inc. reduced its stake in shares of Trex Company, Inc. (NYSE:TREX - Free Report) by 49.2% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 32,905 shares of the construction company's stock after selling 31,909 shares during the quarter. Oppenheimer Asset Management Inc.'s holdings in Trex were worth $1,154,000 at the end of the most recent reporting period.

Other hedge funds have also added to or reduced their stakes in the company. WCM Investment Management LLC increased its position in Trex by 734.5% during the 3rd quarter. WCM Investment Management LLC now owns 39,566 shares of the construction company's stock valued at $2,033,000 after purchasing an additional 34,825 shares during the period. Lisanti Capital Growth LLC purchased a new position in Trex during the 3rd quarter valued at $3,614,000. Thrivent Financial for Lutherans increased its position in Trex by 7.9% during the 3rd quarter. Thrivent Financial for Lutherans now owns 906,892 shares of the construction company's stock valued at $46,859,000 after purchasing an additional 66,721 shares during the period. Federated Hermes Inc. increased its position in Trex by 90.6% during the 3rd quarter. Federated Hermes Inc. now owns 1,469,878 shares of the construction company's stock valued at $75,949,000 after purchasing an additional 698,628 shares during the period. Finally, Pembroke Management LTD increased its position in Trex by 11.5% during the 3rd quarter. Pembroke Management LTD now owns 476,311 shares of the construction company's stock valued at $24,611,000 after purchasing an additional 49,073 shares during the period. 95.96% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of research analysts have issued reports on the stock. Wall Street Zen raised shares of Trex from a "sell" rating to a "hold" rating in a research report on Saturday. UBS Group upped their target price on shares of Trex from $52.00 to $58.00 and gave the stock a "buy" rating in a research report on Wednesday, February 25th. BMO Capital Markets reaffirmed an "outperform" rating and issued a $54.00 target price on shares of Trex in a research report on Thursday, January 8th. Barclays reduced their target price on shares of Trex from $39.00 to $35.00 and set an "underweight" rating on the stock in a research report on Wednesday, April 8th. Finally, Wolfe Research raised shares of Trex from a "peer perform" rating to an "outperform" rating and set a $47.00 target price on the stock in a research report on Wednesday, January 7th. Ten investment analysts have rated the stock with a Buy rating, ten have issued a Hold rating and three have given a Sell rating to the company. According to data from MarketBeat.com, the company currently has an average rating of "Hold" and a consensus price target of $48.00.

Trex Price Performance

NYSE:TREX opened at $37.58 on Wednesday. The firm's 50-day moving average price is $38.91 and its 200-day moving average price is $39.24. The company has a market capitalization of $3.90 billion, a PE ratio of 21.23, a P/E/G ratio of 8.39 and a beta of 1.51. Trex Company, Inc. has a 1-year low of $29.77 and a 1-year high of $68.78.

Trex (NYSE:TREX - Get Free Report) last released its earnings results on Tuesday, February 24th. The construction company reported $0.04 earnings per share for the quarter, topping analysts' consensus estimates of ($0.01) by $0.05. Trex had a net margin of 16.22% and a return on equity of 20.29%. The firm had revenue of $161.13 million for the quarter, compared to the consensus estimate of $144.39 million. During the same period in the prior year, the firm earned $0.09 EPS. The company's revenue was down 3.9% compared to the same quarter last year. Equities analysts anticipate that Trex Company, Inc. will post 1.63 EPS for the current fiscal year.

Trex Company Profile

Trex Company, Inc is a leading manufacturer of wood-alternative decking and railing systems designed for residential and commercial outdoor living environments. The company's core offerings feature composite decking products made from a proprietary blend of recycled wood fibers and plastic film, which deliver enhanced durability, resistance to rot and insect damage, and low maintenance compared to traditional wood. Trex also provides matching railing, lighting, fencing and cladding solutions that allow customers to create cohesive, high-performance outdoor spaces.

Trex's product portfolio is organized into multiple performance tiers, including premium, mid-range and value-oriented lines.

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