Price T Rowe Associates Inc. MD Has $424.01 Million Stock Holdings 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 grew its holdings in shares of Trex Company, Inc. (NYSE:TREX - Free Report) by 132.8% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 7,297,863 shares of the construction company's stock after buying an additional 4,163,014 shares during the quarter. Price T Rowe Associates Inc. MD owned approximately 6.81% of Trex worth $424,007,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Brooklyn Investment Group increased its stake in shares of 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 purchasing an additional 1,072 shares during the last quarter. Blue Trust Inc. increased its stake in shares of Trex by 55.9% during 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 during the last quarter. GAMMA Investing LLC increased its stake in shares of Trex by 137.7% during the 1st quarter. GAMMA Investing LLC now owns 1,666 shares of the construction company's stock worth $97,000 after purchasing an additional 965 shares during the last quarter. Baader Bank Aktiengesellschaft acquired a new position in shares of Trex during the 1st quarter worth about $216,000. Finally, Jefferies Financial Group Inc. acquired a new position in shares of Trex during the 1st quarter worth about $218,000. 95.96% of the stock is owned by institutional investors.

Insider Buying and Selling at Trex

In other news, SVP Amy M. Fernandez sold 1,538 shares of the stock in a transaction on Wednesday, August 6th. The shares were sold at an average price of $64.18, for a total transaction of $98,708.84. Following the completion of the sale, the senior vice president directly owned 22,953 shares in the company, valued at $1,473,123.54. This 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 the SEC website. 0.74% of the stock is currently owned by company insiders.

Trex Stock Up 0.1%

NYSE TREX traded up $0.05 on Wednesday, hitting $63.52. The company's stock had a trading volume of 2,214,810 shares, compared to its average volume of 1,622,102. Trex Company, Inc. has a 1-year low of $49.01 and a 1-year high of $80.74. The company's 50-day moving average is $61.31 and its 200 day moving average is $59.44. The firm has a market cap of $6.81 billion, a PE ratio of 36.72, a PEG ratio of 2.66 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 net margin of 16.53% and a return on equity of 21.27%. The company had revenue of $387.80 million during the quarter, compared to analysts' expectations of $377.49 million. During the same period in the prior year, the company posted $0.80 earnings per share. Trex's revenue for the quarter was up 3.0% compared to the same quarter last year. Trex has set its Q3 2025 guidance at EPS. On average, equities analysts expect that Trex Company, Inc. will post 2.04 EPS for the current year.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on TREX. JPMorgan Chase & Co. lowered their price objective on shares of Trex from $73.00 to $71.00 and set a "neutral" rating on the stock in a research note on Wednesday, August 6th. UBS Group restated a "neutral" rating and set a $74.00 target price (up previously from $72.00) on shares of Trex in a research report on Tuesday, August 5th. Stephens cut their price target on shares of Trex from $73.00 to $65.00 and set an "equal weight" rating for the company in a report on Monday, May 12th. Robert W. Baird raised shares of Trex from a "neutral" rating to an "outperform" rating and upped their price target for the stock from $65.00 to $75.00 in a report on Thursday, July 10th. Finally, Baird R W raised shares of Trex from a "hold" rating to a "strong-buy" rating in a research note on Thursday, July 10th. Two research analysts have rated the stock with a Strong Buy rating, six have given a Buy rating, seven have issued a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus target price of $71.93.

Trex 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.