Price T Rowe Associates Inc. MD Grows Position in Trex Company, Inc. $TREX

Key Points

• Price T Rowe Associates Inc. MD significantly increased its stake in Trex Company, Inc. by 132.8%, acquiring an additional 4,163,014 shares during the first quarter, bringing its total ownership to 7,297,863 shares.
• Trex reported earnings of $0.74 per share for the most recent quarter, exceeding analysts' expectations of $0.72, with revenue of $387.8 million, which was also above the consensus estimate.
• Institutional investors collectively own 95.96% of Trex's stock, indicating substantial interest from major financial players in the company.

Price T Rowe Associates Inc. MD boosted its stake in shares of Trex Company, Inc. (NYSE:TREX - Free Report) by 132.8% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 7,297,863 shares of the construction company's stock after purchasing an additional 4,163,014 shares during the quarter. Price T Rowe Associates Inc. MD owned about 6.81% of Trex worth $424,007,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently modified their holdings of the company. T. Rowe Price Investment Management Inc. acquired a new stake in shares of Trex during the first quarter worth $10,440,000. Hsbc Holdings PLC lifted its holdings in shares of Trex by 8.3% during the first quarter. Hsbc Holdings PLC now owns 5,081 shares of the construction company's stock worth $295,000 after buying an additional 390 shares in the last quarter. Wellington Management Group LLP acquired a new stake in shares of Trex during the first quarter worth $39,646,000. Northern Trust Corp lifted its holdings in shares of Trex by 6.2% during the first quarter. Northern Trust Corp now owns 1,014,023 shares of the construction company's stock worth $58,915,000 after buying an additional 59,202 shares in the last quarter. Finally, Brooklyn Investment Group lifted its holdings in shares of Trex by 35,733.3% during the first quarter. Brooklyn Investment Group now owns 1,075 shares of the construction company's stock worth $62,000 after buying an additional 1,072 shares in the last quarter. Institutional investors and hedge funds own 95.96% of the company's stock.

Wall Street Analyst Weigh In

A number of research firms have recently weighed in on TREX. UBS Group reissued a "neutral" rating and set a $74.00 target price (up previously from $72.00) on shares of Trex in a report on Tuesday, August 5th. DA Davidson set a $65.00 target price on Trex and gave the stock a "neutral" rating in a report on Tuesday, August 5th. Wall Street Zen raised Trex from a "sell" rating to a "hold" rating in a report on Saturday, August 9th. Robert W. Baird raised Trex from a "neutral" rating to an "outperform" rating and boosted their price target for the company from $65.00 to $75.00 in a research note on Thursday, July 10th. Finally, Stephens dropped their price target on Trex from $73.00 to $65.00 and set an "equal weight" rating for the company in a research note on Monday, May 12th. 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 given a Sell rating to the company's stock. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average price target of $71.93.

Insider Buying and Selling at Trex

In other news, SVP Amy M. Fernandez sold 1,538 shares of the company's stock in a transaction that occurred 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 transaction, the senior vice president directly owned 22,953 shares of the company's stock, valued at $1,473,123.54. This represents 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 through this link. 0.71% of the stock is owned by insiders.

Trex Stock Down 1.1%

TREX traded down $0.71 during trading on Thursday, hitting $62.68. The company's stock had a trading volume of 436,057 shares, compared to its average volume of 1,620,210. Trex Company, Inc. has a twelve month low of $49.01 and a twelve month high of $80.74. The stock's fifty day moving average price is $61.53 and its 200-day moving average price is $59.47. The firm has a market capitalization of $6.72 billion, a P/E ratio of 36.22, a PEG ratio of 2.65 and a beta of 1.51.

Trex (NYSE:TREX - Get Free Report) last issued its earnings results on Monday, August 4th. The construction company reported $0.74 earnings per share for the quarter, topping 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 company had revenue of $387.80 million for the quarter, compared to analyst estimates of $377.49 million. During the same period in the prior year, the firm earned $0.80 earnings per share. Trex's revenue for the quarter was up 3.0% on a year-over-year basis. Trex has set its Q3 2025 guidance at EPS. Equities research analysts expect that Trex Company, Inc. will post 2.04 EPS for the current fiscal year.

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.