Pembroke Management LTD Sells 23,252 Shares of Trex Company, Inc. $TREX

Key Points

• Pembroke Management LTD sold 23,252 shares of Trex Company, Inc., reducing its stake by 6.3% to 345,268 shares, which are now valued at approximately $20 million.
• Trex's stock is currently trading at $62.87, reflecting a 0.8% decrease, while it has a market cap of $6.74 billion and a P/E ratio of 36.34.
• Wall Street analysts maintain a moderate buy outlook on Trex, with price targets ranging from $65.00 to $80.00 based on multiple recent reports.

Pembroke Management LTD reduced its holdings in shares of Trex Company, Inc. (NYSE:TREX - Free Report) by 6.3% during the 1st quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 345,268 shares of the construction company's stock after selling 23,252 shares during the period. Trex comprises about 3.0% of Pembroke Management LTD's investment portfolio, making the stock its 13th biggest position. Pembroke Management LTD owned 0.32% of Trex worth $20,060,000 at the end of the most recent quarter.

A number of other institutional investors have also recently bought and sold shares of the company. Price T Rowe Associates Inc. MD lifted its holdings in shares of Trex by 132.8% during the first quarter. Price T Rowe Associates Inc. MD now owns 7,297,863 shares of the construction company's stock worth $424,007,000 after buying an additional 4,163,014 shares in the last quarter. Madison Asset Management LLC purchased a new position in shares of Trex in the 1st quarter worth about $109,852,000. Balyasny Asset Management L.P. lifted its holdings in shares of 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 buying an additional 939,960 shares in the last quarter. Point72 Asset Management L.P. raised its stake in shares of Trex by 87.4% during 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. Finally, American Century Companies Inc. boosted its holdings in shares of Trex by 66.1% during the 1st quarter. American Century Companies Inc. now owns 1,972,125 shares of the construction company's stock valued at $114,580,000 after buying an additional 784,820 shares in the last quarter. Institutional investors and hedge funds own 95.96% of the company's stock.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on the company. Loop Capital reiterated a "hold" rating and set a $66.00 price objective on shares of Trex in a research note on Tuesday, August 5th. UBS Group reissued a "neutral" rating and issued a $74.00 price target (up from $72.00) on shares of Trex in a report on Tuesday, August 5th. Stephens decreased their target price on Trex from $73.00 to $65.00 and set an "equal weight" rating on the stock in a research note on Monday, May 12th. Wall Street Zen raised Trex from a "sell" rating to a "hold" rating in a research report on Saturday, August 9th. Finally, Baird R W raised Trex from a "hold" rating to a "strong-buy" rating in a report on Thursday, July 10th. Two research 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 assigned a Sell rating to the company. According to data from MarketBeat, Trex has a consensus rating of "Moderate Buy" and a consensus target price of $71.93.

Trex Price Performance

TREX traded down $1.41 during trading on Tuesday, hitting $60.22. 1,385,627 shares of the stock traded hands, compared to its average volume of 1,619,441. The firm has a 50-day moving average of $62.02 and a 200 day moving average of $59.21. Trex Company, Inc. has a 12-month low of $49.01 and a 12-month high of $80.74. The firm has a market capitalization of $6.46 billion, a P/E ratio of 34.81, a price-to-earnings-growth ratio of 2.58 and a beta of 1.51.

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 business had revenue of $387.80 million for the quarter, compared to the consensus estimate of $377.49 million. Trex had a net margin of 16.53% and a return on equity of 21.27%. The business's revenue for the quarter was up 3.0% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.80 earnings per share. Trex has set its Q3 2025 guidance at EPS. As a group, equities analysts predict that Trex Company, Inc. will post 2.04 EPS for the current fiscal year.

Insider Activity at Trex

In other news, SVP Amy M. Fernandez sold 1,538 shares of the business's stock in a transaction on Wednesday, August 6th. The stock was sold at an average price of $64.18, for a total transaction of $98,708.84. Following the sale, the senior vice president directly owned 22,953 shares of the company's stock, valued at $1,473,123.54. The trade was a 6.28% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Insiders own 0.74% of the company's stock.

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.