PineStone Asset Management Inc. Acquires 40,000 Shares of Trex Company, Inc. $TREX

Key Points

• PineStone Asset Management Inc. increased its stake in Trex Company by 20.0%, acquiring an additional 40,000 shares during the second quarter, bringing its total ownership to approximately 0.22% of the company.
• Several institutional investors have modified their holdings of Trex, with a total of 95.96% of the stock now owned by hedge funds and other institutional investors.
• Trex Company recently reported an EPS of $0.74 for the last quarter, surpassing analysts' expectations, and has set a Q3 2025 guidance forecast for future earnings amid a generally positive outlook from analysts.

PineStone Asset Management Inc. grew its stake in shares of Trex Company, Inc. (NYSE:TREX - Free Report) by 20.0% in the second quarter, according to its most recent filing with the SEC. The institutional investor owned 239,769 shares of the construction company's stock after purchasing an additional 40,000 shares during the period. PineStone Asset Management Inc. owned about 0.22% of Trex worth $13,039,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also recently modified their holdings of TREX. Armstrong Advisory Group Inc. bought a new stake in Trex during the second quarter worth $31,000. Parallel Advisors LLC lifted its stake in Trex by 28.4% during the 2nd quarter. Parallel Advisors LLC now owns 1,049 shares of the construction company's stock valued at $57,000 after acquiring an additional 232 shares in the last quarter. Brooklyn Investment Group boosted its holdings in Trex by 35,733.3% during the 1st quarter. Brooklyn Investment Group now owns 1,075 shares of the construction company's stock worth $62,000 after acquiring an additional 1,072 shares during the last quarter. Blue Trust Inc. grew its position in Trex by 55.9% in the 1st quarter. Blue Trust Inc. now owns 1,138 shares of the construction company's stock worth $66,000 after purchasing an additional 408 shares in the last quarter. Finally, UMB Bank n.a. increased its position in shares of Trex by 41.4% during the second quarter. UMB Bank n.a. now owns 1,168 shares of the construction company's stock valued at $64,000 after acquiring an additional 342 shares during the last quarter. 95.96% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Trex

In related 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 transaction, the senior vice president directly owned 22,953 shares of the company's stock, valued at approximately $1,473,123.54. This trade represents a 6.28% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Company insiders own 0.71% of the company's stock.

Trex Stock Performance

Trex stock opened at $50.41 on Friday. Trex Company, Inc. has a fifty-two week low of $49.01 and a fifty-two week high of $80.74. The stock has a market cap of $5.41 billion, a P/E ratio of 29.14, a price-to-earnings-growth ratio of 2.12 and a beta of 1.51. The firm's fifty day moving average price is $61.56 and its 200-day moving average price is $58.80.

Trex (NYSE:TREX - Get Free Report) last released its earnings results on Monday, August 4th. The construction company reported $0.74 EPS for the quarter, beating analysts' consensus estimates 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 prior year, the firm earned $0.80 earnings per share. The firm's revenue was up 3.0% on a year-over-year basis. Trex has set its Q3 2025 guidance at EPS. On average, analysts predict that Trex Company, Inc. will post 2.04 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of analysts recently issued reports on TREX shares. Loop Capital restated a "hold" rating and set a $66.00 price objective 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 research note on Thursday, July 10th. DA Davidson set a $65.00 target price on shares of Trex and gave the stock a "neutral" rating in a report on Tuesday, August 5th. Wall Street Zen raised shares of Trex from a "sell" rating to a "hold" rating in a report on Saturday, August 9th. Finally, B. Riley upgraded shares of Trex to a "strong-buy" rating in a research report on Monday, July 21st. Two investment 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 assigned a Sell rating to the stock. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average target price of $71.93.

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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